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Hixardt Technologies Expansion

Hixardt Technologies Expansion

Type

Commercial/Office

Location

Pensacola, FL

Est. Project Cost

$10 million

Size

40,000 SF

Public Financing

New Market Tax Credit, State, Federal

Sponsor

Hixard Holdings

Private Financing

Financing: Debt, Equity

Closing Date

Q2 2017

HQ Expansion for Minority-Owned Tech Business

Hixardt Technologies, a minority- and disabled-veteran-owned business, expanded its IT operations in Pensacola through a $10 million project. The 40,000 square foot office facility supports cloud-based technology services. Monge Capital structured NMTC financing to help scale a regional tech player committed to inclusive innovation and job creation.

Estimated Economic and Social Impact

Creation of 100 jobs and the expansion of the company’s downtown office.

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