Cinnaire New Markets Archives

Wisconsin Aluminum Foundry (2023)

Manitowoc, WI

Manufacturing
CDEs: Cinnaire New Markets

Wisconsin Aluminum Foundry in Manitowoc has announced that they have received a major boost in helping finance their expansion project. Cinnaire, a nonprofit community development financial organization with numerous offices

EastSide STEM HUB, Inc. (2023)

Wilmington, DE

Manufacturing, Youth and Families
CDEs: Cinnaire New Markets, USBCDE

The subject property is an existing school built in 1960 including 83,424 sq. ft. (41,224 sq. ft. building 1 and 42,200 sq. ft. building 2), as well as an unoccupied

Mel Trotter Industries (2023)

Grand Rapids, MI

Business Development, College or Vocational Training, Community, Homeless Shelter, Housing, Manufacturing, Shelters and Community Food, Supportive Housing, Vocational Training
CDEs: Chase, Cinnaire New Markets, Consortium America, Michigan Community Capital

Mel Trotter Ministries Creating New Opportunities in Grand Rapids

Coastal Container pays forward tax credit to support program that helps the unhoused ()

Manufacturing
CDEs: Cinnaire New Markets, Michigan Community Capital

A Holland firm has found an innovative way to support the work of a Grand Rapids organization that serves the unhoused population.

Wisconsin Aluminum Foundry Receives $11 Million New Markets Tax Credit Investment ()

Manufacturing
CDEs: Cinnaire New Markets

Wisconsin Aluminum Foundry in Manitowoc has announced that they have received a major boost in helping finance their expansion project.

Officials Break Ground on Grand Rapids Diamond Place ()

Affordable Housing, Community, HFFI, Housing, Mixed-use
CDEs: Chase, Cinnaire New Markets

Resintech Moves Into East Camden with Talk of Neighborhood Revitalization and Manufacturing Jobs ()

Business Development, Manufacturing
CDEs: Cinnaire New Markets, Consortium America, New Jersey Community Loan Fund

Kone Center (2010)

Moline, IL

Mixed-use, Retail
CDEs: Cinnaire New Markets, Waveland Community Development

Headquarters for Kone Company and other – mixed-use, including retail, office and additional public amenities: This project is part of a multi-stage development plan that includes the participation of the

Chicago Jesuit Academy (2022)

Chicago, IL

Behavioral Health, Community, Historic Rehabilitation, Schools
CDEs: Cinnaire New Markets, Enterprise Community Partners, SCORE

The Chicago Jesuit Academy was founded in 2005 to support students from historically disinvested communities and is located on Chicago’s West Austin Neighborhood. The CJA currently provides a high-quality education

Peter Giles ()

CDEs: Cinnaire New Markets

Peter Giles joined Cinnaire in 2011 and currently serves as Senior Vice President of Business Development. Peter manages all facets of our New Market Tax Credit business line, including securing

ResinTech (2019)

Camden, NJ

Business Development, Manufacturing
CDEs: Cinnaire New Markets, Consortium America, New Jersey Community Loan Fund

Construction of new production facilties for Resintech, Inc. and ActionPak, Inc. ResinTech Inc’s facility in Camden, NJ was the first ion exchange resin manufacturing plant built in the U.S. in

Tommy Car Wash Systems (2021)

Holland, MI

Business Development, Manufacturing
CDEs: Cinnaire New Markets

Tommy Car Wash Systems will expand its manufacturing capacity by constructing a new headquarters and manufacturing facility with $13 million in NMTC allocation.

Lexington Market (2019)

Baltimore, MD

Business Development, Community, HFFI, Incubator
CDEs: Cinnaire New Markets, Enterprise Community Partners, Harbor Bankshares Corporation, USBCDE

Salvaging and adaptively reusing the existing East Market Building, reopening Lexington Street for pedestrians, and building a new 63,000 square foot market building on the south parking lot that is

ST Paper (2010)

Oconto Falls, WI

Business Development, Manufacturing
CDEs: Cinnaire New Markets, Greenline Ventures, National New Markets Fund, United Fund Advisors, USBCDE, WHEDA

ST Paper purchased the Oconto Falls mill in 2007 and made investments in the operation to expand its customer reach and improve production capabilities.

Ivy Tech Automotive Training Center (2020)

Indianapolis, IN

Adult Education, College or Vocational Training, Community, Vocational Training
CDEs: Cinnaire New Markets, Indianapolis Redevelopment CDE, PNC

The project is a $16.1MM, 56,925 sq. ft. educational facility designed to provide in-demand automotive, mechanic, and other technical training in Indianapolis, Indiana.

410 Broadway (2020)

Mount Pleasant, MI

Co-ops, Grocery and Fresh Food, Indian Country, Mixed-use, Retail, Retail and Commercial, Workforce Housing
CDEs: Cinnaire New Markets, PNC

Construction of a four-story, co-op grocery anchored, mixed-use development consisting of 11,000 sq. ft. commercial space and 48 residential rental units in rural Mount Pleasant, MI.

Sugar Hill (2020)

Detroit, MI

Adult Education, Affordable Housing, College or Vocational Training, Community, Homeless Services, Housing, Infrastructure, Mixed-use, Retail, Retail and Commercial, Transportation and Ports, Veterans Services
CDEs: Building America CDE, Cinnaire New Markets, Michigan Community Capital, PNC

Construction and development of a 5-story, mixed-use building consisting of 68 residential units, parking and approximately 12,000 sq. ft. of ground floor commercial and retail space.

Kalamazoo Gospel Mission (2020)

Kalamazoo, MI

Adult Education, Behavioral Health, College or Vocational Training, Community, Community Kitchen, Daycare and Early Childhood, Dental Services, Food Bank or Pantry, Healthcare, HFFI, Historic Rehabilitation, Homeless Services, Homeless Shelter, Housing, LGBTQ, Mixed-use, Nonprofit Hub, Shelters and Community Food, Targeted Populations, Youth and Families
CDEs: Cinnaire New Markets, PNC

A newly constructed and rehabilitated facility features 242 beds, multipurpose rooms, community rooms, a medical recovery room, day room, offices, reading room, and an elevator for increased accessibility.

Hoen Lithograph Campus (2020)

Baltimore, MD

Adult Education, College or Vocational Training, Community, HBCUs, Incubator, Mixed-use, Nonprofit Hub
CDEs: Cinnaire New Markets, City First, National Trust Community Investment Corporation, Telesis CDE Corporation

Redevelopment of the 86,000 square foot blighted complex (that includes 6 buildings) in East Baltimore’s Middle East neighborhood, which had been vacant since 1981 and was in a state of

Paul’s Place – Groundwork Kitchen (2019)

Baltimore, MD

Adult Education, Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Daycare and Early Childhood, Food Bank or Pantry, Healthcare, HFFI, Homeless Services, Incubator, Restaurants and Catering, Retail and Commercial, Shelters and Community Food, Youth and Families
CDEs: Cinnaire New Markets

Paul's Place Inc. is expanding its workforce development platform to create a social enterprise restaurant and culinary arts training program in Baltimore.

Nueske’s Meats (2016)

Wittenberg, WI

Business Development, Food Manufacturing, Manufacturing, Rural
CDEs: Cinnaire New Markets, PNC, WHEDA

This project involved expanding a facility for meat a manufacturer.

Boys & Girls Club of the Wisconsin Rapids Area and the South Wood County YMCA/YWCA (2018)

Wisconsin Rapids, WI

Boys and Girls Clubs, Community, Daycare and Early Childhood, Incubator, Mixed-use, Nonprofit Hub, Recreation, Rural, YMCAs and YWCAs, Youth and Families
CDEs: Cinnaire New Markets, Mid-City Community CDE

NMTC financing supported a new 90,000 sq. ft. facility located in a severely distressed, non-metro, low income community.

Warsaw YMCA (2014)

Warsaw, IN

Community, Daycare and Early Childhood, Healthcare, Recreation, Rural, YMCAs and YWCAs, Youth and Families
CDEs: Cinnaire New Markets, Local Initiatives Support Corporation

The project is a new state-of-the-art 72,000 sq. ft. Kosciusko County YMCA facility.

Verso Paper Mill (2010)

Quinnesec, MI

Biofuels, Business Development, Energy, Environment, Manufacturing, Rural
CDEs: Cinnaire New Markets, Local Initiatives Support Corporation, Michigan Community Capital

The project includes equipment and facility upgrades to a paper mill in Quinnesec, MI.

Haven (2014)

Pontiac, MI

Behavioral Health, Community, Food Bank or Pantry, Healthcare, HFFI, Homeless Services, Housing, Mixed-use, Shelters and Community Food
CDEs: Chase, Cinnaire New Markets

Office space for domestic violence nonprofit and shelter with 16 housing units for victims of domestic violence.

New Market West (2018)

Philadelphia, PA

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, FQHCs, Healthcare, HFFI, Homeless Services, Housing, Mixed-use, Retail, Youth and Families
CDEs: Cinnaire New Markets, Commonwealth Cornerstone Group, PIDC Community Capital, PNC

New Market West is a four story, LEED certified 135,700 sq. ft. commercial building that creates a hub for retail and community services near the 60th and Market Street El

Fintech Building (2020)

Newark, DE

Adult Education, Brownfield Remediation, Business Development, College or Vocational Training, Community, Incubator, Manufacturing
CDEs: Cinnaire New Markets, NeighborGood Partners

An NMTC investment from Cinnaire supported the development of a new, 100,000-square-foot building dedicated to financial technologies at the University of Delaware’s Science.

Erskine Green Training Institute & Teaching Hotel (2015)

Muncie, IN

Adult Education, Business Development, College or Vocational Training, Community, Disability Services, Hotels and Tourism, Restaurants and Catering, Retail and Commercial, Vocational Training
CDEs: Cinnaire New Markets

In partnership with The Arc of Indiana Foundation, Cinnaire celebrated the Grand Opening of the Erskine Green Training Institute & Teaching Hotel in 2016 Muncie, IN.

Marshfield Area YMCA (2017)

Marshfield, WI

Community, Daycare and Early Childhood, Head Start, Healthcare, Recreation, Rural, YMCAs and YWCAs, Youth and Families
CDEs: Cinnaire New Markets, Forward Community Investments

Cinnaire provided a $7.2M NMTC allocation to support the expansion and rehabilitation of the Marshfield Area YMCA.

Lafayette YMCA (2017)

Lafayette, IN

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, FQHCs, Healthcare, Recreation, YMCAs and YWCAs, Youth and Families
CDEs: Cinnaire New Markets, Low Income Investment Fund, PNC

In 2017, ground was broken on a $28M facility that houses a new Lafayette Family YMCA.

Ivy Tech (2012)

Indianapolis, IN

Adult Education, College or Vocational Training, Community, Culinary Entrepreneurship, Higher Education, Historic Rehabilitation
CDEs: Cinnaire New Markets, Indianapolis Redevelopment CDE, Local Initiatives Support Corporation

The Corporate College and Culinary Arts Training Center, a remarkable example of how resources from the CDFI Fund are put to use.

GVSU Seidman College of Business (2011)

Grand Rapids, MI

Adult Education, College or Vocational Training, Community, Higher Education, Housing, Incubator, Mixed-use
CDEs: Cinnaire New Markets, Michigan Community Capital, PNC

Mixed-use including housing and commercial for GVSU Seidman College of Business.

Diamond Place (2016)

Grand Rapids, MI

Affordable Housing, Community, HFFI, Housing, Mixed-use, Retail
CDEs: Chase, Cinnaire New Markets

Renovation of a bighted, contaminated former industrial site into a mixed-use, mixed-income community featuring new fresh food market and other retail ammenities.

Mott Community College Culinary Arts Facility (2017)

Flint, MI

Adult Education, Arts, College or Vocational Training, Community, Culinary Entrepreneurship, Higher Education, Vocational Training
CDEs: Chase, Cinnaire New Markets

New Culinary Arts School Provides Educational Opportunities and Revitalization in Downtown Flint, Michigan

YMCA of Southwest Indiana (2018)

Evansville, IN

Community, Daycare and Early Childhood, Disability Services, Recreation, YMCAs and YWCAs, Youth and Families
CDEs: Cinnaire New Markets

The construction of a new expanded YMCA building and the demolition of the existing YMCA building.

East Jordan Foundry (2017)

Elmira, MI

Business Development, Manufacturing, Rural
CDEs: Cinnaire New Markets, CRFUSA, Mascoma Community Development, PNC

Financing for the acquisition and installation of equipment for a metal casting facility, East Jordan Iron Works.

CDE: Cinnaire New Markets

Recent Allocation Awards:

Project Profiles and Stories