New Markets Tax Credit Coalition

Search

East Side Food Co-Op

The NMTC helped a food co-op expand and provide greater access to healthy food in a USDA food desert.

Investment

  • NMTC Amount: $4,600,000
  • Total Project Cost: $6,861,889

IMPACT

  • 25 FTE jobs
  • 46 construction jobs

CDEs

Investor

Project Description

In 2015, Self-Help provided $4.6 million in NMTC financing to the Eastside Food Co-Op in Minneapolis, MN. The loan was part of the Eastside Food Co-Op’s $6.7 million expansion, which generated 25 jobs and allowed greater access to healthy food in an economically distressed area.

MAP

Address: 2551 Central Avenue, Minneapolis, MN 55418

Census Tract: 27053001100

Other Minnesota Projects

Rehabilitation of a building for the development of a mixed-use project to include medical respite, transitional housing, healthcare, and social services for the homeless.

Midwest Minnesota CDC allocated $10M to assist with a portion of the $17.9M development, construction, equipment, and other project costs for a new health center in Naytahwaush on the White

UEL provides wet labs, office space, and innovation/collaboration spaces, and expanding their current facility.
New facility to serve the Twin Cities area as a center of excellence in children’s mental health.