PNC | New Markets Tax Credit Coalition

7800 Susquehanna Street

The renovation of an existing five-story 135,800 square foot industrial building located in the Homewood neighborhood of Pittsburgh for the purpose accommodating creative start-up and nascent entrepreneurial business activity. The project was financed in part with new markets tax credits. Bridgeway Capital transforms 7800 Susquehanna Street (7800) into a beacon of economic opportunity for Homewood. Once a vacant warehouse built for Westinghouse Electric, the building is now an economic hub for urban manufacturing, craft businesses, and workforce training. The building reflects Bridgeway’s strategy to provide capital for the people and places creating economic opportunity and community revitalization in Homewood. Bridgeway invested over $10 million into the community including $7 million in 7800’s renovation, $2.4 million in contracts with Homewood businesses maintaining 7800, and $1.4 million in loans to Homewood businesses and other community development projects. 7800 emerges as vital investment in an underinvested area by attracting new commercial activity and supporting local businesses.

Sibley Mixed-Use

Multi-phase historic department store redevelopment into a mixed-use facility

Madison Square Boys & Girls Club

New construction of a youth recreation and academic support facility. – boys and girls club

The Hatchery

The project involves the construction of a new 67,000 square foot micro business food incubation center. The project is a single story structure that will include private work spaces and food production quarters, collaborative workspaces, common dry/cold storage areas, shipping and common kitchens for local start-ups and developing food companies alike.

Foley Grocer

The Project is the 5th phase in a 5-phase commercial development located at the Project site in Foley, AL. Although the Project is technically the last phase of the development, the 4th phase of retail development (approximately 68,500 sq. ft.) is fully contingent upon the 5th phase being completed initially. Therefore, the completion of the Project will spur the immediate catalytic development of additional retail activity, which will support $11.7 million of additional private investment that will create an estimated 150 jobs.

Nueske’s Meats

This project involved expanding a facility for meat a manufacturer. Nueske’s Meats is a third-generation family owned business, manufacturing award winning applewood smoked meats. Expanding the manufacturing space retained 135 jobs and created 66 new, pernament jobs.

YMCA Fort Worth

NMTC financed development of a 35,000 sf community space for the McDonald Southeast YMCA. Included new construction of a full-service fitness center and early learning education center.

Arisa Aviation

Alabama Aircraft Support, since renamed Arista Aviation, constructed a new 60,000 square foot hanger outfitted with the latest equipment and technology necessary to provide Maintenance Repair and Overhaul (MRO) services for civilian and military helicopters. The project has facilitated the creation of 57 jobs and is uniquely located near Ft. Rucker, Eglin Air Force Base and Whiting Field to take advantage of military service needs with a best of breed facility designed to the highest military and avionic standards. This project is one of several strategic projects in the aerospace and aviation sector that have settled in Alabama. Alabama Governor Robert Bentley and Alabama Lieutenant Governor Kay Ivey both spoke at the groundbreaking event along with Enterprise Mayor Kenneth Boswell. MuniStrategies provided allocation for this project and worked closely with the Wiregrass Economic Development Corporation for months to make this project a reality. The project is located in a severely distressed area with 29% of local residents in poverty. Company employees will receive competitive wages, insurance benefits and the ability to contribute to a 401k plan. The company has a working relationship with Enterprise Community College that provides specialized training for high school/GED graduates to move directly into aviation maintenance production jobs. The project received Honorable Mention as Non-Metro QLICI of the Year in 2014.

Turnstone Center for Children and Adults with Disabilities, Inc.

Turnstone Center for Children and Adults with Disabilities, Inc. (Turnstone Center) is northeast Indiana’s only not-for-profit organization that provides a full range of rehabilitative, wellness, athletic and recreational programs and facilities to persons with disabilities and their families. Since 1943, Turnstone Center has continually evolved and expanded to respond to the needs and desires of the people it serves — a population whose needs are underserved and often neglected. Each year, Turnstone Center serves approximately 2,100 children and adults through childcare, preschool, adult day services, and speech, fitness, physical, occupational, and aquatics therapy (over 78,000 hours annually). They also loan equipment, such as walkers and wheelchairs, at no charge and over 95 percent of all clients receive services at a reduced rate. Turnstone Center is the only organization in northeast Indiana that provides therapeutic services on a sliding fee scale to persons with physical disabilities. This NMTC project, called “Turnstone of Tomorrow,” includes a 125,000 sq. ft. addition named the Plassman Athletic Center for expanded sports, recreation, and wellness programming. At the heart of the addition is a new 65,000-sq.-ft. field house complete with four collegiate-sized basketball courts; a 230-meter six-lane track; a fitness center that doubles its current capacity; a warm water therapy pool with zero-depth entry, chair lift, transfer wall and stairs; fully accessible bathrooms, locker rooms and showers; and administrative offices. Once complete, Turnstone of Tomorrow will enable Turnstone Center to serve 2,750 total people per year, a 30 percent increase. Not only does this provide countless more opportunities for people with disabilities, it makes significant strides in positioning Turnstone Center as the nation’s gold standard for empowering individuals with disabilities.

Lafayette YMCA

In 2017, ground was broken on a $28 million facility that will house a new Lafayette Family YMCA. The project also includes space for Junior Achievement, a Franciscan Health clinic and a childcare center. The two-story, 116,000 square-foot center is a joint collaboration of Intersection Connection, which is located on the Ivy Tech Community College – Lafayette campus and includes community organizations focusing on youth development, higher education, financial literacy and health and wellness. The new YMCA space will double its existing footprint. Funding sources include IU Health, which is covering the cost of the aquatics center, as well as Intersection Connection partners, the City of Lafayette, North Central Health Services, Oerlikon/Fairfield, Old National Bank, the James K. Risk family, School Datebooks, Subaru of Indiana Automotive Inc., Tippecanoe County, Unity Healthcare, Wabash National Corp., the YMCA Foundation and the federal New Markets Tax Credit program.