Wisconsin Aluminum Foundry

Century-old Wisconsin Manufacturer Expands, Builds New Foundry in Manitowoc

Investment

  • NMTC Amount: $11,000,000
  • Total Project Cost: $20,000,000

IMPACT

  • 80 FTE jobs
  • 28 construction jobs
  • 12,000 sq. ft. of real estate

Project Description

Wisconsin Aluminum Foundry in Manitowoc has announced that they have received a major boost in helping finance their expansion project. Cinnaire, a nonprofit community development financial organization with numerous offices around the Midwest, awarded WAF an $11 million NMTC Investment. WAF explains that this money will allow the Manitowoc-based manufacturer to expand with more manufacturing and office sq. ft..

MAP

Address: 838 South 16th Street, Manitowoc, WI 54220

Census Tract: 55071000500

Other Wisconsin Projects

NMTC financing supported the creation of up to 92 jobs, in addition to retaining 156 existing positions.
This project involves refinancing and business expansion.
Construction of a 106,369 sq. ft. educational facility on donated property.

This transaction will finance the renovation of a vacant building near Madison, WI into a 21,500 sq. ft. building that will serve as the McKenzie Regional Workforce Center to educate