VT Industries Expansion: Holstein, Iowa

VT Industries Expansion: Holstein, Iowa

VT Industries is expanding its Holstein operations with a new 175,000 sq. ft. facility supported by $15 million in New Markets Tax Credit (NMTC) financing as part of a $16 million investment. The project will add modern production space and equipment while opening capacity in existing facilities for future growth. Construction will generate 120 jobs, with 12 new full-time positions created upon completion. Designed with MidAmerican Energy for energy efficiency, the facility will reduce operating costs while supporting long-term sustainability. The expansion also delivers strong ripple effects across Holstein and Ida County, spurring new housing, hotel expansion, retail spending, and school district growth.

  • Categories: Holstein, Rural, Success Story
  • Property: VT Industries, Inc.
  • Location: Holstein, Iowa
  • Poverty Rate: 17%
  • Unemployment: 0.44 times the national average
  • Median Income: 76% of area median income
  • Setting: Rural (Deep Distress, High Migration Rural County)
  • Project Cost: $16,000,000
  • Impact: 12 new full-time jobs, 120 construction jobs
  • NMTC Allocation: $15,000,000
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