Bois Forte Community Redevelopment Corporation Community and Government Services Facility

New Markets Tax Credit Coalition

Cloquet,
MN
(2010)

Bois Forte Community Redevelopment Corporation Community and Government Services Facility

Investment

NMTC Amount: $5,145,000
Total Project Cost: $5,145,000

IMPACT

13 FTE jobs
89 construction jobs
22,050 sq. ft. of real estate

CDEs

Travois

Investor

US Bank

Project Description

Construction financing to build and manage the 48,852-square-foot Community and Government Services Facility. A fire destroyed the Bois Forte Band’s previous facility. This new energy-efficient building houses a credit union, home health care, emergency services, governmental services and meeting space.

MAP

Address: 28 University Road, Cloquet, MN 55720

Other Minnesota Projects

Hmong American Partnership

Saint Paul,
MN
(2020)

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, Mixed-use, Nonprofit Hub, Schools, Youth and Families

CDE(s): USBCDE

The acquisition of a renovated 32,000 square foot building that now houses educational and job training programs sponsored by Hmong American Partnership.

Essentia Health Duluth Heritage Center

Duluth,
MN
(2008)

Community, Daycare and Early Childhood, Recreation, Youth and Families

CDE(s): Midwest Minnesota CDC

Financing supported a wellness and fitness center with a mission to provide an environment that inspires and promotes a healthy lifestyle through diverse, quality opportunities, with special emphasis on youth

800 West Broadway Workforce Center

Minneapolis,
MN
(2015)

Community, FQHCs, Healthcare, Mixed-use, Mixed-use and Commercial, Retail, Vocational Training

CDE(s): University Financial Corp.

NMTC financing renovated 800 West Broadway, a highly visible and blighted structure in an economically struggling area of North Minneapolis.

Mercury Mosaics and Tile

Wadena,
MN
(2020)

Business Development, Manufacturing, Rural

CDE(s): Midwest Minnesota CDC

The NMTC loan proceeds will be utilized to complete tenant improvements at an existing 19,200 sq. ft. warehouse building in Wadena, MN, purchase equipment, and provide working capital.