Bob Rick, Inc.

New Markets Tax Credit Coalition

North Hollywood,
CA
(2012)

Bob Rick, Inc.

Business Development, Manufacturing, Plastics and Chemicals

The new construction of manufacturing and corporate office space in a low-income community within North Hollywood.

Investment

NMTC Amount: $19,700,000
Total Project Cost: $19,935,858

IMPACT

105 FTE jobs
39 construction jobs

CDEs

Bethany Square, Los Angeles Development Fund

Investor

Wells Fargo

Project Description

This project entailed the new construction of manufacturing and corporate office space in a low-income community within North Hollywood.

The sponsor manufactures and distributes restroom accessories and plastic laminate toilet partitions for commercial building owners and provides highly competitive compensation to its employees at above living wages for LA County.

The project retained all manufacturing and distribution jobs at the sponsor’s existing facility and created additional permanent jobs.

MAP

Address: 6901 Tujunga Avenue, North Hollywood, CA 91605

Census Tract: 6037123206

Other California Projects

Ampla Health Yuba

Yuba City,
CA
(2023)

FQHCs

CDE(s): California Statewide Communities Development Corporation, Central States Development Partners, Clearinghouse CDFI

Transforming Healthcare Access: How New Markets Tax Credits Powered Ampla Health’s Expansion

YMCA of the East Bay’s Cherryland Early Learning Center

Hayward,
CA
(2021)

Behavioral Health, YMCAs and YWCAs, Youth and Families

CDE(s): Low Income Investment Fund

This was a renovation of a facility to house the early learning center. All of the 80 children will be served under the Head Start or Early Head Start programs.

Fallbrook Family Health Center

Fallbrook,
CA
(2011)

Community, FQHCs, Healthcare

CDE(s): Chase

Financing for a FQHC, Fallbrook Family Health Center, which offers comprehensive medical care for the entire family.

Bay Area Tech High School

Oakland,
CA
(2023)

Schools

CDE(s): Local Initiatives Support Corporation, Raza Development Fund, Wells Fargo

NMTC funding was used for the purchase and redevelopment of a 22,000 sq. ft. abandon historic theater. The space will be occupied by Bay Tech STEM, an established charter school.