Menlo Park Academy

New Markets Tax Credit Coalition

Cleveland,
OH
(2016)

Menlo Park Academy

Municipal Facilities, Schools

Investment

NMTC Amount: $9,500,000
Total Project Cost: $17,188,614

IMPACT

30 FTE jobs
95 construction jobs

CDEs

Cleveland Development Advisors

Investor

PNC

Project Description

Rehabilitation of the vacant Joseph And Feiss Company factory location into a home for Ohio’s only k-8 tuition free community school focused on gifted learners.

MAP

Address: 2149 West 53rd Street, Cleveland, OH 44102

Census Tract: 39035102700

Other Ohio Projects

GE’s Aviation EPIS Center

Dayton,
OH
(2011)

Brownfield Remediation, Business Development, Research, Science and Tech

CDE(s): Dayton Region New Markets Fund, Finance Fund, PNC, Urban Research Park CDE

NMTC financing supported the $53 million General Electric Aviation EPISCENTER development on the University of Dayton campus.

Point of Pride

Columbus,
OH
(2005)

Community, Mixed-use, Retail

CDE(s): Finance Fund

A 21,000 sq. ft. urban redevelopment project near the northeast corner of Cleveland and 11th Avenues in the Greater Linden area of Columbus.

Bethany House Services

Cincinnati,
OH
(2021)

College or Vocational Training, Healthcare, Nonprofit Hub, Vocational Training, Youth Program

CDE(s): Cincinnati Development Fund, Local Initiatives Support Corporation, PNC

Bethany House Services used NMTC financing to construct a new 222-bed homeless shelter facility and comprehensive services center to significantly streamline its operations and expand its physical capacities.

Kroger Fremont

Fremont,
OH
(2018)

Grocery and Fresh Food, Retail, Retail and Commercial, Rural

CDE(s): Finance Fund

Construction of an 89,650 sq. ft. full-service Kroger grocery store and pharmacy, expected to serve 42,631 customers annually.