The New Market Tax Credits helped Orthman Manufacturing to construct an 115,000 square foot farm equipment manufacturing facility in Lexington, Nebraska.
Orthman is located in Lexington, NE which resides in Dawson County. Dawson Area Development, Dawson County’s Development Authority created an economic development plan to attract businesses that specialize in the area of farm machinery and farm equipment. Orthman became the anchor business in the Lexington Industrial Park, serving as a catalyst for other businesses to relocate to Dawson County.
This new facility will allow Orthman Manufacturing, Inc. to retain its 250 existing jobs and add an additional 100 new jobs over the next few years in an economically depressed area, as defined by the NMTC program. Orthman’s is a short line manufacturer of farm equipment and implements, including the 1tRIPr strip-tillage machine and Tracker implement steering system, as well as a maker of conveyor and materials bulk-handling systems, and SoilMover industrial earth-moving equipment.
The Orthman Manufacturing headquarters sits on the original farmstead of founder Henry Orthman. This expansion project will generate $10 million in annual value added to the tax base and $18 million in annual economic activity. This company has a long-standing tradition of valuing employees, who are given opportunities for professional development, career advancement and tuition reimbursement.