New Markets Tax Credit Coalition

Chicago Prep/Amped Kitchens Chicago

NMTCs bring food manufacturers to Chicago

Investment

  • NMTC Amount: $24,500,000
  • Total Project Cost: $25,303,845

IMPACT

  • 265 FTE jobs
  • 60 construction jobs

Investor

Project Description

The Project involves the revitalization of a manufacturing property in the Belmon-Cragin neighborhood of Chicago, IL. The Project, known as Chicago Prep, is the third location of L.A. Prep, the highly successful multi-tenant food manufacturing complex developed by CED Food LLC. Chicago Prep offers each of its tenants an exclusive, turnkey food production space along with essential shared amenities. These amenities include flexible storage areas, packing areas, offices, and onsite logistics.

Chicago Prep will comprise 62 wholesale-ready kitchens. The additional floor area is leased to non-food businesses. Chicago Prep provides more than 60 pre-inspected, ready-to occupy wholesale kitchen spaces for a wide range of food companies, including start-ups, and businesses. Each space can be customized to meet the tenants specialty processing needs, and tenants have access to essential shared amenities including dry, refrigerated and frozen storage, packaging facilities, and shipping and receiving. Prep’s tenants enjoy dramatic cost and time savings, which makes a crucial difference to companies and products that would never make it to market otherwise because of a lack of resources or time.

MAP

Address: 5801 W Dickens Ave, Chicago, IL 60639

Census Tract: 17031191302

Other Illinois Projects

A food manufacturing facility increased local production and added jobs in East Saint Louis, IL

mSeed Group is an African American and woman-owned contract manufacturer of for small to mid-sized beauty and cosmetic brands. This project provided the Company with funds to refinance existing debt,

A million sq. ft. of new, rail-served manufacturing and warehousing space in the industrial development along the Mississippi River's Chain of Rocks shipping canal.
CTUF received $50,000 to continue its support of public education, teacher professional development, and community and apprenticeship programs through grant-making to community-based organizations.