New Markets Tax Credit Coalition

Search

Big Car Collaborative’s Big Tube Expansion

A new facility in Indianapolis, IN is helping train local workers for stable careers in manufacturing

Investment

  • NMTC Amount: $7,500,000
  • Total Project Cost: $8,098,689

IMPACT

  • 7 FTE jobs
  • 35 construction jobs
  • 46,000 sq. ft. of real estate

Investor

Project Description

Rehabilitation of a blighted 46,000 sq. ft. industrial factory into a community center with space for contemporary art galleries, office space for nonprofit organizations, a commercial kitchen, affordable artist studios, retail storefronts, an amphitheater, and more.Indy CDE helped finance Big Car Collaborative’s campus expansion, known as the Big Tube, through a $7.5 NMTC loan to rehabilitate a blighted 46,000 sq. ft. industrial factory into a community center with space for contemporary art galleries, office space for nonprofit organizations, a commercial kitchen, affordable artist studios, retail storefronts, an amphitheater, and more.Through the redevelopment of the former brownfield site, Big Car will support the entrepreneurial efforts of artists, performers, non-profit organizations, local small businesses and startups.The campus expansion will also allow Big Car to provide resources and opportunities for community residents in 3D Printing, studio arts, and retail entrepreneurship, as well as a workforce The workforce The Big Tube building is expected to open in 2025.Since its inception in 2004 as an all-volunteer organization, Big Car has made significant investments into the community through art and placemaking.In addition to making art accessible to communities, the wider Big Car campus also includes eighteen affordable homes for artists.

MAP

Address: 1146 Nelson Avenue, Indianapolis, IN 46203

Other Indiana Projects

Fort Wayne Rescue Mission received $10 million in NMTC financing for a new facility.
Financing for a steel fabricating company that expanded a new line of busincess focused on product development.
The Corporate College and Culinary Arts Training Center, a remarkable example of how resources from the CDFI Fund are put to use.
A new facility in Fort Wayne, IN is helping train local workers for stable careers in manufacturing