New Markets Tax Credit Coalition

  • Ashland,
  • WI
  • (2015)

Chequamegon Food Co-op

District: Thomas Tiffany (R-WI07)

Investment

  • NMTC Amount: $752,000
  • Total Project Cost: $1,777,103

IMPACT

  • 8 FTE jobs
  • 3 construction jobs

CDEs

Project Description

The Chequamegon Food Co-op is a member-owned grocery in Ashland on Lake Superior’s south shore. The co-op relocated and expanded thanks to financing from a community revolving loan from the Ashland Area Development Corporation, a joint loan from Northern State Bank and Forward Community Investments (including NMTC financing), and loans from Co-op members. The finished space includes 6,000 square feet of retail grocery, plus a deli, seating area, and cooking classroom.

MAP

Address: 700 Main Street West, Ashland, WI 54806

Census Tract: 55003950400

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