Rob Menendez (D-NJ08)

Tax Staffer: Samhita Subramanian, samhita.subramanian@mail.house.gov.

District Highlights

24 projects
224,911,694 in NMTC allocation
480,779,833 total project financing
1,681 FTE jobs created or retained
3,333 construction jobs created
8 manufacturing businesses

24

projects

$224,911,694

NMTC Allocation

$480,779,833

in total project financing

1,681

FTE jobs

3,333

construction jobs

8

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Newark Farmer’s Market

Newark,
NJ
(2013)

Community, Grocery and Fresh Food, Manufacturing, Retail, Retail and Commercial, Shelters and Community Food, Warehouse and Wholesale

CDE(s): CCG Community Partners, New Jersey Community Loan Fund, Urban America

One phase of a 180,000 sq.ft. food processing and distribution project with this phase consisting of 90,000 sq. ft.

26 Journal Square Rehab

Jersey City,
NJ
(2008)

Mixed-use

CDE(s): New Jersey Redevelopment Authority

Rehabilitation of the abandoned Labor Bank Building.

Kearny Point Building 197

Kearny,
NJ
(2017)

Incubator, Manufacturing

CDE(s): GS New Markets Fund, New Jersey Community Loan Fund

A 130-acre former federal shipyard transformed into an environmentally sustainable business hub for innovation and economic growth.

Aerofarms – VEGS1

Newark,
NJ
(2018)

Timber and Agriculture

CDE(s): GS New Markets Fund, MBS Urban Initiatives, New Jersey Community Loan Fund

Improvement of a light industrial building and its temperature control systems to improve the operations of aeroponic vertical farming company; Industrial facility anchored by fresh food grower and distributor.

Aerofarms/Makers Village

Newark,
NJ
(2015)

Adult Education, Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Food Manufacturing, Incubator, Manufacturing, Retail

CDE(s): Dudley Ventures, GS New Markets Fund

AeroFarms, a mission-driven company, developed a 69,000 sq. ft. industrial site into the world's largest indoor vertical farm for baby leafy greens, producing up to 2 million pounds annually.

The Gateway Family YMCA – Elizabeth Branch

Elizabeth,
NJ
(2011)

Community, Daycare and Early Childhood, Recreation, Veterans Services, YMCAs and YWCAs, Youth and Families

CDE(s): Bank of America

NMTC financing for a YMCA impacts the community it serves by nurturing the potential of every child, teaching the importance of spirit, mind, and body to achieve a healthier lifestyle

Projects Nearby the District

Newark, NJ (2013)

Newark Call Center