New Markets Tax Credit Coalition

Search

Food Bank of the Rockies

Investment

  • NMTC Amount: $13,500,000
  • Total Project Cost: $13,322,681

IMPACT

  • 36 FTE jobs
  • 17 construction jobs
  • 52,400 sq. ft. of real estate

Investor

Project Description

Construction and equipping of a food distribution facility in Grand Junction, Colorado. Food Bank of the Rockie’s new facility will replace an inadequate facility in Palisade, CO and will enable FBR to scale operations to meet dramatically increased demand for emergency food assistance resulting from the COVID-19 pandemic, wildfires and a downturn in energy and tourism economies. Food distribution will be increased by 61% and the expansion will support 35.5 permanent FTEs, 25 employed by FBR and 10.5 by Meals on Wheels.

MAP

Address: 698 Long Acre Drive, Grand Junction, CO 81505

Census Tract: 8077000900

Other Colorado Projects

NMTC financing supported a medical technology company.

NMTC financing supported a manufacturer of sustainable windows.

NMTC financing supported a manufacturer of optics, coatings & assemblies for laser and imaging applications.
A manufacturer expands its Denver operations, opening the door for over 1,000 new jobs.