Baltimore Food Hub

Baltimore,
MD
(2018)

Baltimore Food Hub

Adult Education, Business Development, College or Vocational Training, Community, Food Manufacturing, Incubator, Manufacturing, Retail, Timber and Agriculture

Baltimore Food Hub is a food incubator hub in a severely distressed area of East Baltimore.

Investment

NMTC Amount: $8,874,000
Total Project Cost: $10,743,415

IMPACT

34 FTE jobs
80 construction jobs
85,000 sq. ft. of real estate

CDEs

Harbor Bankshares Corporation, National Community Investment Fund

Investor

US Bank

Project Description

Baltimore Food Hub (BFH) is a food incubator hub in a severely distressed area of East Baltimore. Harbor Bankshares Corporation and the National Community Investment Fund provided nearly $9 million in New Markets Tax Credit allocation to finance the creation of the Hub. BFH brings together food entrepreneurs, producers, and retailers. The centralized food market eliminates a food desert and incorporates both teaching and commercial production kitchens. BFH also provides a space for food manufacturing, job training, an urban farming operation and an all-season market. One-third of the Baltimore Food Hub’s sq. ft. is occupied by nonprofits (21%), and businesses (14%).

U.S. Bank served as the NMTC equity investor for the project. American Communities Trust ;(ACT), the BFH project sponsor, is a Baltimore-based nonprofit that works through partnerships to create economic development projects that bring growth and prosperity to low-income residents. Since its founding in 2008, ACT has worked in more than two dozen U.S. cities helping clients engage low-income communities through projects that total in the hundreds of millions of dollars.

MAP

Address: 1801 East Oliver Street, Baltimore, MD 21213

Census Tract: 24510080700

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