Celeste Maloy (R-UT02)

Tax Staffer: Connor Meyers, connor.meyers@mail.house.gov.

District Highlights (Through 2023)

50 projects
267,138,108 in NMTC allocation
608,866,934 total project financing
2,960 FTE jobs created or retained
1,830 construction jobs created
16 manufacturing businesses

50

projects

$267,138,108

NMTC Allocation

$608,866,934

in total project financing

2,960

FTE jobs

1,830

construction jobs

16

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Bicycle Collective Hub, Inc.

Salt Lake City,
UT
(2023)

Recreation

CDE(s): Mofi

The project involves the construction of a new 16,090 sq. ft. facility in Salt Lake City, Utah. The project will allow the Bicycle Collaborative, a nonprofit providing bicycles and educational

TaskEasy Inc

Salt Lake City,
UT
(2016)

Science and Tech

CDE(s): Enhanced Capital

TaskEasy has announced the availability of two new credit facilities to support its continued growth. Enhanced Community Development, a subsidiary of Enhanced Capital, provided $1.65 million in debt financing through

VOA Homeless Youth Resource Center

Salt Lake City,
UT
(2015)

Behavioral Health, Community, Food Bank or Pantry, Homeless Services, Homeless Shelter, Shelters and Community Food, Vocational Training, Youth and Families

CDE(s): Community Development Finance Alliance

Volunteers of America’s homeless youth resource center and shelter, the first of its kind in Utah, opened its doors in May of 2016.

Magna Library

Magna,
UT
(2009)

Municipal Facilities

CDE(s): Grow America

Financing for a new library, bringing foot traffic and aesthetic improvements to Main Street

Artspace City Center

Salt Lake City,
UT
(2005)

Arts, Brownfield Remediation, Community, Environment, Historic Rehabilitation, Theaters and Performing Arts Spaces

CDE(s): Grow America

The renovation of the ZCMI warehouse not only brought an historic building back into use, but also contributed to the large-scale revitalization of a Brownfields area.

Rehab of the Fuller Paint Building

Salt Lake City,
UT
(2004)

Environment, Historic Rehabilitation, Professional Services, Retail and Commercial

CDE(s): Zions Community Investment Corp.

Rehab of the Fuller Paint Building into a new headquarters for Big-D Construction Corp.

Capitol Theater

Salt Lake City,
UT
(2013)

Arts, Community, Historic Rehabilitation, Theaters and Performing Arts Spaces

CDE(s): Grow America

Salt Lake County received NMTC financing for the historic renovation of the downtown Capitol Theatre.

Artspace Commons North

Salt Lake City,
UT
(2008)

Affordable Housing, Community, Housing, Mixed-use, Retail

CDE(s): Brownfield Revitalization, Community Development Finance Alliance, Enterprise Community Partners

Artspace Commons North is a green, mixed-use artist community in downtown Salt Lake City, Utah.

Recursion Pharmaceuticals

Salt Lake City,
UT
(2021)

Business Development, Manufacturing

CDE(s): Advantage Capital

Working capital for recursion Pharmaceuticals, which provides data driven drug discovery aiming to repurpose existing drugs to cure rare genetic diseases.

Cascata Packaging

West Valley City,
UT
(2015)

Business Development, Environment, Food Manufacturing, Manufacturing, Plastics and Chemicals

CDE(s): Enhanced Capital

Located in West Valley City, Utah, a new 75,000-sq. ft. packaging facility is creating manufacturing jobs and contributing to environmental sustainability.