Career and Advanced Technology Center at the Community College of Philadelphia

New Markets Tax Credit Coalition

Philadelphia,
PA
(2020)

Career and Advanced Technology Center at the Community College of Philadelphia

Adult Education, Auto Manufacturing, Business Development, College or Vocational Training, Community, Incubator, Manufacturing

Finances a 75,000-sq. ft. Career and Advanced Technology Center at the Community College of Philadelphia’s West Philadelphia Regional Campus.

Investment

NMTC Amount: $26,000,000
Total Project Cost: $31,161,467

IMPACT

47 FTE jobs
46 construction jobs
75,000 sq. ft. of real estate

CDEs

Locus Impact Fund, The Reinvestment Fund, USBCDE

Investor

US Bank

Project Description

Finances a 75,000 sq. ft. Career and Advanced Technology Center at the Community College of Philadelphia’s West Philadelphia Regional Campus. The Center will offer rigorous career-based education and training using the latest technology and equipment to provide hands-on training and employment skills, fulfilling a regional need for skilled workers in automotive technology, advanced manufacturing, health care, and more. The new facility will allow the College to increase the number of students served, expand course offerings, and provide students with current industry-recognized career training, giving them opportunities to build skills and prepare for careers with family-sustaining wages.

MAP

Address: 4750 Market Street, Philadelphia, PA 19139

Census Tract: 42101008602

Other Pennsylvania Projects

University Crossings

Chester,
PA
(2013)

Business Development, Mixed-use, Retail

CDE(s): The Reinvestment Fund

Part of a larger initiative by Widener University to invest in its community, University Crossings is a state-of-the-art mixed-use development adjacent to its Chester, PA campus.

Susquehanna Health Innovation Center

Williamsport,
PA
(2018)

Community, FQHCs, Healthcare

CDE(s): Commonwealth Cornerstone Group, Community Hospitality Healthcare Services, PNC

Thanks to NMTC financing, UPMC Susquehanna opened a new Neuroscience Center in Williamsport, expanding services and bringing advanced procedures to the region.

Cristo Rey Philadelphia

Philadelphia,
PA
(2017)

Community, Private School, Religious Organizations, Schools

CDE(s): Chase, City First, PIDC Community Capital, Telesis CDE Corporation

This private high school opened in 2012 through a unique partnership of local educators, businesses, and universities.

201 Stanwix Street

Pittsburgh,
PA
(2011)

Adult Education, Affordable Housing, College or Vocational Training, Community, Housing, Mixed-use, Schools

CDE(s): CCG Community Partners, Commonwealth Cornerstone Group, Pittsburgh Urban Initiatives, PNC

NMTC financing for the rehab of a 78,000 sq. ft. building. The 1st floor of the building is leased to a charter school on the lower levels and approximately 158