Chequamegon Food Co-op

New Markets Tax Credit Coalition

Ashland,
WI
(2015)

Chequamegon Food Co-op

Manufacturing

Investment

NMTC Amount: $752,000
Total Project Cost: $1,777,103

IMPACT

8 FTE jobs
3 construction jobs

CDEs

Forward Community Investments

Project Description

The Chequamegon Food Co-op is a member-owned grocery in Ashland on Lake Superior’s south shore. The co-op relocated and expanded thanks to financing from a community revolving loan from the Ashland Area Development Corporation, a joint loan from Northern State Bank and Forward Community Investments (including NMTC financing), and loans from Co-op members. The finished space includes 6,000 square feet of retail grocery, plus a deli, seating area, and cooking classroom.

MAP

Address: 700 Main Street West, Ashland, WI 54806

Census Tract: 55003950400

Other Wisconsin Projects

Battered Women’s Shelter

Milwaukee,
WI
(2014)

Community, FQHCs, Healthcare, Shelters and Community Food

CDE(s): Consortium America, Forward Community Investments, IFF

Milwaukee Women’s Center, a domestic violence organization that’s provided supportive services and emergency shelter since 1980, stepped in to save the safe haven. With a $625,000 loan from IFF, a

Meriter Health Services WI

Madison,
WI
(2011)

Affordable Housing, Community, Healthcare, Housing, Mixed-use, Retail, Retail and Commercial

CDE(s): Park National Bank Initiatives

The $90 million mixed-use plan for a site currently owned by Meriter, called Block 51, includes 400 mixed-income housing units, 20,000 sq. ft. of retail space, 100,000 sq. ft. of

Boys & Girls Club Of Kenosha

Kenosha,
WI
(2010)

Boys and Girls Clubs, Community, Recreation, Youth and Families

CDE(s): Johnson Community Development Company

Financing for the Boys & Girls Club of Kenosha, serving the youth of Kenosha in their health, social, educational, vocational and character development.

Belle City Square

Racine,
WI
(2023)

Manufacturing

CDE(s): First-Ring Industrial Redevelopment Enterprise, National Trust Community Investment Corporation

The 131,144 gross sq. ft. (119,350 net) consists of a non-profit café, office space leased by the local economic development corporation, a light manufacturing tenant, workforce training facility and maker