Dakota Business Lending Allocates $7.5 million in NMTC Financing for Tecton Products Manufacturing Expansion

Dakota Business Lending is excited to announce that they have closed an allocation of $7,500,000 in New Markets Tax Credit (NMTC) allocation to support Tecton Products, LLC and the expansion of their manufacturing facility in Fargo. The new 150,000 square facility is being constructed on the site of Tecton Product’s existing Fargo location. It will allow Tecton Products to increase their product line capacities, upgrade and expand their tool and die equipment, add office space, and create a total of 140 full-time jobs in addition to their existing 250 employee workforce over the next seven years.

Related Keywords

Minnesota ,United States ,City Of Fargo ,North Dakota ,Montana ,West Fargo ,Cass County ,Steve Dusek ,Tom Gohdes ,Tecton Products ,Community Development Entities Cdes ,Greater Fargo Moorhead Economic Development Corp ,Us Department Of Treasury ,Community Renewal Tax Relief ,Dakota Business Lending ,New Markets Tax Credit ,Tecton Product ,Business Lending ,West Fargo Public ,New Markets Tax Credits ,Community Renewal Tax Relief Act ,Community Development Entities ,Community Development Financial Institution ,