Safety Storage Inc.

Charleston,
IL
(2021)

Safety Storage Inc.

Manufacturing

Investment

NMTC Amount: $3,325,000
Total Project Cost: $3,833,000

IMPACT

49 FTE jobs
Jobs must exceed 1.2X the living wage in the region and offer quality benefits, which include, but not limited to medical insurance, paid time off, and wealth creation options.

CDEs

Advantage Capital, Community Development Venture Capital Alliance

Investor

Unknown

Project Description

Safety Storage is a manufacturer of custom modular hazardous material storage and containment systems. The Company’s customers come from the agricultural industrial, military, and laboratory industries.

The project provided the Company with working capital.

The average wage of jobs retained and projected must exceed 1.2X the living wage in the region. QALICB must offer quality benefits, which include, but not limited to medical insurance, paid time off, and wealth creation options.

MAP

Address: 855 North Fifth Street, Charleston, IL 61920

Census Tract: 17029000500

Other Illinois Projects

One Hope United Joliet

Joliet,
IL
(2014)

Brownfield Remediation, Community, Daycare and Early Childhood, Youth and Families

CDE(s): SCORE

The transformation of a vacant elementary school located on a federally designated brownfield site in a low-income community in Joliet into a holistic childcare center for children ages 6 weeks

Great Central Brewing

Chicago,
IL
(2015)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Chicago Development Fund

New Markets Tax Credit financing for a startup contract brewing business dedicated to helping small Chicago-based brewers strategically grow and expand production.

Perspectives Charter School

Chicago,
IL
(2019)

Community, Schools, Youth and Families

CDE(s): SCORE

SCORE allocated $8.5MM of federal NMTC allocation and $8.25MM of IL State NMTC allocation to Perspectives Charter Schools for the acquisition and refurbishment of a new campus building, to enable

Pullman Community Center

Chicago,
IL
(2018)

Community, Daycare and Early Childhood, Mixed-use, Nonprofit Hub, Recreation, Youth and Families

CDE(s): Citibank, National Community Investment Fund, USBCDE

The center provides sports and recreational opportunities to low-income residents on Chicago's south side. Individuals, housing authority residents and local teams is able to utilize the facility at reduced rates.