Berea College

New Markets Tax Credit Coalition

Berea,
KY
(2017)

Berea College

Adult Education, College or Vocational Training, Community, Rural, Vocational Training

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.

CDEs

Raza Development Fund

Investor

PNC

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

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

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