New Markets Tax Credit Coalition

Search

Foodirect Inc.

Investment

  • NMTC Amount: $11,000,000
  • Total Project Cost: $20,167,218

IMPACT

  • 100 FTE jobs
  • 99 construction jobs

CDEs

Investor

Project Description

NMTC financing for a food distribution facility, Foodirect Inc., a full-service food distributor that has been family-owned and operated since 1944. The company stocks over 5,000 unique food products and is the largest full-service food distributor in the Hunt’s Point Cooperative Market, where the company has been located since the 1970s. Most of the company’s customer base includes bodegas and small grocery stores in the Bronx and Upper Manhattan. The company also services family-owned restaurants, diners, and pubs throughout the New York metro area.

MAP

Address: 200 Food Center Drive, Bronx, NY 10474

Census Tract: 36005011700

Other New York Projects

Capital Impact Partners and Chase provided NMTC financing to Urban Health Plan (UHP), via its support corporation, The Foundation for Urban Health and Well Being, Inc. to expand their existing

The Yonkers Pier is the only turn-of-the 20th century pier still in use on the Hudson River.
NMTC financing for Ellicott Commons/Oak Street School, a mixed-use project.
Essex Crossing includes 1,000 residential for-sale and rental units, a 15,000 sq. ft. public park, a 10,000 sq. ft. rooftop urban farm and 1.9 million sq. ft. of residential, commercial,