Tri Tool, Inc: Sacramento County
$10,000,000 tax exempt industrial development bonds, $2,000,000 taxable bonds, $2,041,500 Company funds for the acquisition of land, building, and equipment.
Tri Tool, Inc., is a world-leading designer and manufacturer of precision portable machine tools. Tri Tool, Inc., supports a wide variety of industries including pharmaceutical, shipbuilding, power generation both fossil and nuclear, and oil production and transportation.
Manufacturing, engineering, sales and administrative operations were located in a cramped 30,000 square foot building. Growth in demand lead to the maximum use of the facility, contributing to inefficiencies in manufacturing, production, and shipping. There was no room to install new production equipment or add capacity. Further, the lack of space in the facility resulted in raw materials and work-in-process being stored outside. The company purchased and renovated an existing 125,000 square foot building. The CEDA financing will allow Tri Tool, Inc., to triple its capacity, retain 107 jobs and create 100 manufacturing jobs, with salaries that are almost double the average manufacturing wage for the Sacramento MSA.