Vomela Specialty Company

Financing for the installation of 1 megawatt of solar panels and purchasing various furniture, fixtures and equipment at Vomela's new 300,000 sq. ft. headquarters in Saint Paul, MN.

Investment

  • NMTC Amount: $4,371,585
  • Total Project Cost: $7,000,000

IMPACT

  • 235 FTE jobs
  • 80 construction jobs
  • 300,000 sq. ft. of real estate

Investor

Project Description

The NMTC loan proceeds will be utilized to finance a portion of the total project cost associated with installing 1 megawatt of solar panels and purchasing various furniture, fixtures and equipment at Vomela’s new 300,000 sq. ft. headquarters in Saint Paul, MN.

MAP

Address: 845 Minnehaha Avenue East, Saint Paul, MN 55106

Census Tract: 27123033100

Other Minnesota Projects

The rehabilitation and renovation of the former Antiques Minnesota building in the Midtown Phillips neighborhood of south Minneapolis to create high-quality retail, office/incubator, and non-profit arts space.
NMTC financing renovated 800 West Broadway, a highly visible and blighted structure in an economically struggling area of North Minneapolis.
Development of a state-of-the-art temperature-controlled warehousing to support Agribusiness and Food Distribution business supply chains in the Southern Minnesota and Northern Iowa regions.
Rehabilitation of a building for the development of a mixed-use project to include medical respite, transitional housing, healthcare, and social services for the homeless.