Chicago Heights Steel

New Markets Tax Credit Coalition

Chicago Heights,
IL
(2024)

Chicago Heights Steel

Manufacturing

A growing company expanded operations and created quality jobs in Chicago Heights, IL

Investment

NMTC Amount: $4,000,000
Total Project Cost: $4,000,000

IMPACT

237 FTE jobs
237 jobs retained

CDEs

SCORE, The Community Business Investment Fund

Investor

Fifth Third

Project Description

Working capital for inventory and payroll-related expenses for the company’s operations. the project retained 237 full-time employees, which are quality jobs accessible to low-income individuals. the project utilized federal and state credits.The loan fund structure provided access to the flexible features of the

MAP

Address: 221 East Main Street, Chicago Heights, IL 60411

Other Illinois Projects

Build, INC

Chicago,
IL
(2022)

Youth and Families

CDE(s): Chase, Chicago Development Fund, IFF, Local Initiatives Support Corporation

Construction of a headquarters for BUILD, a nonprofit that has worked for more than 50 years to help young people on the West Side of Chicago overcome systemic obstacles to

Bethany for Children & Families

Moline,
IL
(2007)

Youth and Families

CDE(s): IFF

NMTC financing supported Bethany for Children & Families, a nonprofit with a mission to keep children safe, to strengthen families, and to build healthy communities.

After School Matters Michael and Karyn Lutz Family Center

Chicago,
IL
(2017)

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

CDE(s): Bank of America, Chicago Community Loan Fund

The renovation an existing 36,000 sq. ft. building to be used by After School Matters for after school and summer programming for teens in the Belmont Cragin neighborhood.

Esperanza Chicago II

Chicago,
IL
(2023)

FQHCs

CDE(s): Chicago Development Fund, PNC, SCORE, Self-Help

The construction of a 44,000 sq. ft. health and wellness center for Esperanza Health Centers, a Federally Qualified Health Center focused on improving health care access on Chicago’s Southwest side