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.
Tecton makes window parts for Marvin Windows family 8:00 am, Apr. 8, 2021 ×
Tecton Products is seen Thurday, March 18, 2021, at 4401 15th Ave. N., Fargo.
Michael Vosburg / Forum Photo Editor
FARGO Fargo and Cass County commissioners approved a 10-year tax break for one of the city s major employers on Monday, April 5, for a $16 million addition adding another 80 jobs to the city.
The Payment In Lieu of Taxes break could help keep Tecton Products LLC from moving the addition to its Virginia plant or another site in the country.
The project will be located at Tecton s plant at 4401 15th Ave. N. with operations in the expansion planned to start in September 2022.