Bend XPO

New Markets Tax Credit Coalition

East Moline,
IL
(2020)

Bend XPO

Community, Mixed-use, Nonprofit Hub, Retail, Theaters and Performing Arts Spaces

Construction of a 100,000 sq. ft. events and community center which provides space for local nonprofits, tractor and machinery auctions, and adaptable space to host regional sporting and local corporate events.

Investment

NMTC Amount: $11,925,000
Total Project Cost: $11,925,000

IMPACT

70 FTE jobs
80 construction jobs
100,000 sq. ft. of real estate

CDEs

Central States Development Partners, Consortium America, Enhanced Capital

Investor

Capital One

Project Description

Construction of a 100,000 sq. ft. events and community center which will provide space for local nonprofits, tractor and machinery auctions, and adaptable space to host regional sporting and local corporate events. It will be the largest contiguous capacity meeting facility in the region.

• Project is a part of a larger mixed-use development on the banks of the Mississippi River which will include retail, an apartment complex, and an amphitheater in addition to the Community Center. Project is located in a severely distressed census tract and is also creating jobs in an area where the unemployment rate is greater than 1.5 times the National Rate.

• Mayor Reggie Freeman of East Moline, along with local organizations REDEEM (Revitalize and Develop East Moline) and YouthHope have all voiced their support for the project.

MAP

Address: 920 Mississippi Parkway, East Moline, IL 61244

Census Tract: 17161020600

Other Illinois Projects

Bend XPO

East Moline,
IL
(2020)

Community, Mixed-use, Nonprofit Hub, Retail, Theaters and Performing Arts Spaces

CDE(s): Central States Development Partners, Consortium America, Enhanced Capital

Construction of a 100,000 sq. ft. events and community center which provides space for local nonprofits, tractor and machinery auctions, and adaptable space to host regional sporting and local corporate

Friend Health Woodlawn HQ

Chicago,
IL
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Affordable Housing, Community, FQHCs, Healthcare, Mixed-use, Retail, Retail and Commercial, Targeted Populations

CDE(s): MBS Urban Initiatives, SCORE, Urban Development Fund (Aries Capital)

Construction of a 38,000 square foot new medical clinic and corporate offices located in the economically distressed and medically underserved neighborhood of Woodlawn on Chicago’s south side.

National Railway Equipment Co.

Mount Vernon,
IL
(2020)

Business Development, Manufacturing, Rural

CDE(s): Advantage Capital, Enterprise Financial CDE

Working capital for National Railway Equipment, an independent supplier of new and remanufactured locomotives.

Pullman Community Center

Chicago,
IL
(2018)

Community, Daycare and Early Childhood, Mixed-use, Nonprofit Hub, Recreation, Youth and Families

CDE(s): Citibank, National Community Investment Fund, USBCDE

The center provides sports and recreational opportunities to low-income residents on Chicago's south side. Individuals, housing authority residents and local teams is able to utilize the facility at reduced rates.