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

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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