Project Type(s): Retail
Project Year: 2014
NMTC amount: $20,160,000
Total Project Costs: $25,955,002
Western States Equipment, an Idaho-based Caterpillar sales and service company, had outgrown its original facility. They needed more space for their headquarters and wanted additional room for training. Their plans for expansion, however, had stalled because of high construction and rental costs in Pocatello. With the help of New Markets Tax Credit financing, they were able to build a new facility that now employs nearly 150 people. It also houses an innovative on-the-job training program for students at Idaho State University, a win-win for the community of Pocatello.