New Markets Tax Credit Coalition

  • Newark,
  • NJ
  • (2020)

Newark Makerhoods-an Affordable Live/Work Community

District: LaMonica McIver (D-NJ10)

The Makerhood Campus is a combination of historic renovation and new construction meant to encourage and support entrepreneurial endeavors and micromanufacturing enterprises.

Investment

  • NMTC Amount: $10,500,000
  • Total Project Cost: $29,648,022

IMPACT

  • 56 FTE jobs
  • 111 construction jobs

CDEs

Investor

Project Description

The Makerhood Campus is a combination of historic renovation and new construction meant to encourage and support entrepreneurial endeavors and micromanufacturing enterprises. The Campus will include live/work facilities for 16 commerical tenants, business support services, and community programming. Business programs for entrepreneurs will include workshops, seminars, one-on-one advising, and meetups to cover topics like financial planning, marketing, sales, access to capital, management skills, and more.

External Profile

MAP

Address: 601 Dr. Martin Luther King Jr. Boulevard, Newark, NJ 7102

Census Tract: 34013022800

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