New Markets Tax Credit Coalition

  • Chicago,
  • IL
  • (2023)

Forty Acres Fresh Market

District: Danny Davis (D-IL07)

Investment

  • NMTC Amount: $9,000,000
  • Total Project Cost: $9,000,000

IMPACT

  • 72 FTE jobs
  • 86 construction jobs
  • jobs created and 72 jobs retained.
  • 37,000 sq. ft. of real estate

CDEs

Investor

Project Description

The construction of the city’s first Black female-owned grocery store will address the neighborhood’s food disparities.

External Profile

MAP

Address: 5713 W Chicago Ave, Chicago, IL 60651

Census Tract: 17031251400

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