Funded Project Profiles

Company:	Tri-Con Materials, Inc.
Location:	Hennepin, Illinois
Amount of Bond:	$1,330,000
Interest Rate:	4.20% Variable
Jobs:	30 jobs
Type of Project:	Manufacturing
Bond Issued:	December 2001
Project Overview
In December of 2001, the Authority issued $1,330,000 in tax-exempt industrial revenue bonds on behalf of Tri-Con Materials, Inc to manufacture aggregate The company manufactures conveyor systems, screening equipment and aggregate processing equipment. The project created 30 new jobs. Tri-Con Companies is comprised of several related corporations owned primarily by the Nelson Family. Tri-Con Industries, Inc. is a manufacturer of screening and conveyor systems. Tri-Con Materials, Inc. is a manufacturer of process materials for the concrete industry where aggregate large stones are crushed, screened and washed along with virgin and recycled materials. Advanced Asphalt is a concrete company that blends aggregate and oils to make concrete.

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