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Worcester, MA (2011)

50 Prescott Street

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

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.

MAP

Address: 50 Prescott Street, Worcester, MA 1605

Census Tract: 25027730500

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