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Weidmann Electrical Technology Inc.
St. Johnsbury, VT
United States
With MHIC's support, Weidmann Electrical Technology Inc. was able to expand their transformer board and components manufacturing capabilities through the construction of a new 21,500 square-foot addition to the existing 71,888 square-foot fabric components production building and a new 10,000 square-foot storage building. New equipment installations include a third former, high efficiency boiler, and an automated cellulose feeding system.
Sponsor
Weidmann Electrical Technology, Inc.
Source
New Markets Tax Credits
Financing Total
$1,591,370
Impact
Retention & Creation of Accessible and Quality Jobs: Retains 300 permanent Full-Time Equivalent (FTE) jobs and creates 67 permanent FTEs in shipping, logistics, maintenance, technical, and production roles