When you think of an NMTC project, you might think of a $15 million health clinic, a mixed-use historic renovation project, or a large manufacturing facility. But the NMTC supports quite a few small businesses and entrepreneurs, both directly (through direct financing) and indirectly (through real estate financing of incubators and creative shared space). Below are a few of those stories:
Small Business Loan Funds
Loans under $4 million, often through a revolving fund
Portland Small Business Loan Fund
The Irvin Henderson Main Street Revitalization Fund
Small Business Stories
Charles R. Drew Jr. Charter Schools
The construction of a new 200,000 sq. ft. educational facility and grow to include a high school.
The MetroSquash Academic & Squash Center
Financing for a youth academic enrichment organization.
Eastern Shore Conservation Center
A mixed-use nonprofit office space with shared meeting facilities, a café and 4 workforce housing apartments
St. Ann Center for Intergenerational Care
Milwaukee’s St. Ann’s Center for Intergenerational Care is copying its successful south side facility with a second location on the north side, where the rates of poverty and infant mortality are high and most residents are people of color.
Wilmington College Sports Science Center
A new, 48,100 sq. ft. complex on the Wilmington College campus is bringing jobs, an athletic training program and medical services to a non-metro Clinton County community.
Salvation Army Kroc Community Center
A new community center for one of the poorest cities in America
