Fort Wayne, IN (2021)

Electric Works – West Campus

Investment

  • NMTC Amount: $52,000,000
  • Total Project Cost: $280,864,239

IMPACT

  • 813 FTE jobs
  • 829 construction jobs
  • 1,200,000 sq. ft. of real estate

Investor

NMTC financing supported a new innovation district in Fort Wayne, IN.

Project Description

NMTC financing supported a new innovation district in Fort Wayne, IN. Electric Works threw the adaptive reuse of the 39-acre former General Electric campus, which includes 18 historic buildings and more than 1.2 million sq. ft. of space. The Electric Works campus (West and East Campuses) will be redeveloped in multiple phases. The West Campus encompasses 10 buildings of 730k sq. ft. of mixed-use space across 15.5-acres that includes new office space, a fresh food market, local-serving retail, a business incubator and coworking space, educational and university-led uses, and public event space. The West Campus will be anchored by Do It Best, a hardware cooperative and Indiana’s largest privately-owned company.

In addition to 1,500+ jobs on site, the other major impacts for the Project include innovation and co-working space that will include an accelerator program and coding academy for adults; relocation of two local nonprofit farmers’ markets, and the creation of a public market that will support micro-restaurants and healthy food entrepreneurs; a primary health clinic (10 exam rooms serving 15k patients) and pharmacy; a new STEAM high school serving 350 students; partnership with Joshua’s Hand for workforce development programs and MBE recruitment; and a Community Fund to provide grants supporting education, job readiness, small business development, and streetscape improvements.

MAP

1030 Swinney Avenue, Fort Wayne, IN 46802

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