Case Study: Meister Cheese boosts growth and secures New Markets Tax Credits with IMPLAN

Meister Cheese secures $4.9 million in NMTC funding with IMPLAN

The customer, Meister Cheese, a family-owned cheese producer, faced a significant challenge when the 2007 recession caused domestic demand for dairy products to decline, threatening its market share and the stability of its local supply chain. To fund a crucial expansion of its sister company, Muscoda Protein Products, it worked with its advisors at Baker Tilly to pursue New Markets Tax Credits (NMTC) funding, a process that required a robust economic impact analysis. The vendor, IMPLAN, provided the software and data used to perform this analysis.

Using IMPLAN's economic modeling software, the team was able to quantify the project's substantial impact, which was critical for securing a $4.9 million NMTC allocation. The results were significant; the analysis projected the expansion would sustain 112 jobs and stimulate nearly $116.65 million in regional economic output. This successful application of IMPLAN's data allowed the company to complete its expansion, secure major new clients, and strengthen the local dairy economy.

Meister Cheese