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

Exum Instruments, Inc. (“Exum”) is a scientific instrument manufacturer currently based in Denver, CO. The company’s sole product is the Massbox, the first Laser Ablation Laser Ionization Time of Flight

NMTC financing for a private label manufacturer of health/beauty products in Lakewood, CO.

Finances working capital and operations support needed to increase the capacity and workforce of a modular housing production facility. This investment will allow the sponsor to increase its capacity and

The building of Denver Health and Hospital Authority – Southwest Clinic, a new neighborhood FQHC.