New Markets Tax Credit Coalition

  • Worcester,
  • MA
  • (2011)
PDF Version

50 Prescott Street

District: Jim McGovern (D-MA02)

This innovative financing package helped fund construction of a 95,000-sq. ft. wet lab at Gateway Park in Worcester, which is expected to create 40 jobs.

Investment

  • NMTC Amount: $8,365,500
  • Total Project Cost: $31,279,730

IMPACT

  • 140 FTE jobs
  • 88 construction jobs
  • 95,000 sq. ft. of real estate

CDEs

Investor

Project Description

This innovative financing package helped fund construction of a 95,000 sq. ft. wet lab at Gateway Park in Worcester, which is expected to create 40 jobs. Gateway Park is agrowing center for research, development, and innovation, and had been nationally recognized as a model for environmental stewardship and urban development.

External Profile

MAP

Address: 50 Prescott Street, Worcester, MA 1605

Census Tract: 25027730500

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PDF Profile

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