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Berea, KY (2017)

Berea College

This project was for a phase in the largest capital expenditure in Berea's history.

Investment

  • NMTC Amount: $10,000,000
  • Total Project Cost: $68,756,147

IMPACT

  • 35 FTE jobs
  • 247 construction jobs
  • Flexible lease rates and terms to locally-owned businesses, Minority-owned businesses, or Minority-controlled businesses, and nonprofit businesses.

Investor

Project Description

This project was for a phase in the largest capital expenditure in Berea’s history. The Margaret Cargill Health and Sciences building is a 125,000 SF, four-story educational complex that is a single central site for all forms of math, physics, chemistry, biology, sciences and health training.

MAP

Address: 271 North Main Street, Berea, KY 40403

Census Tract: 21151011302

Voices from the Community

NMTC support has been essential in provide gap financing for critical projects at Berea since we do not collect tuition from any of our students, all of whom have great financial need. This has helped our college leverage the generosity of private donors and preserve the quality of our educational program.

-Judge Wilson, Berea College, Berea, Kentucky

Related Projects

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Delbarton, (2021)

Cleveland, (2013)