New Markets Tax Credit Coalition

Search
  • Manitowoc,
  • WI
  • (2023)

Wisconsin Aluminum Foundry

District: Glenn Grothman (R-WI06)

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

CDEs

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..

External Profile
External Profile 2

MAP

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

Census Tract: 55071000500

Missing information? Submit an update or correction.

Other Wisconsin Projects

St. Ann Center for Intergenerational Care
  • Milwaukee,
  • WI
  • (2014)
  • CDE(s): Forward Community Investments, IFF, PNC
Milwaukee's St. Ann's Center for Intergenerational Care is copying its successful south side facility with a second location on the north side, where the rates of poverty and infant mortality
Learn more..
Foremost Farms
  • Richland Center,
  • WI
  • (2010)
  • CDE(s): CEI Capital Management, WHEDA
Financing for dairy production upgrades helped retain and create jobs, drive investment to future projects to increase profitability, and return equities to members while retaining the proper equity base.
Learn more..
Winsert
  • Marinette,
  • WI
  • (2012)
  • CDE(s): WHEDA
NMTC financing supported the creation of up to 92 jobs, in addition to retaining 156 existing positions.
Learn more..
Boys and Girls Club of Dane County
  • Fitchburg,
  • WI
  • (2022)
  • CDE(s): Forward Community Investments, USBCDE
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
Learn more..