HCSC Camden

NMTC allocation for the renovation and equipment purchase to transform a vacant commercial building into an industrial laundry processing facility.

Investment

  • NMTC Amount: $8,000,000
  • Total Project Cost: $15,728,291

IMPACT

  • 125 FTE jobs
  • 40 construction jobs

Investor

Project Description

NMTC allocation for the renovation and equipment purchase to transform a vacant commercial building into an industrial laundry processing facility. The laundry facility provides services to hospitals and clinics in the region.

MAP

Address: 2224 South Broadway, Camden, NJ 8104

Census Tract: 34007601800

Other New Jersey Projects

NMTCS were also a significant source of funding in the restoration of the Ferdinand W. Roebling mansion.
NMTC financing supported the creation of the Spruce Street Community Center, a 35,000 sq. ft. multi-purpose facility open to any youth in greater Mercer County.
Rehabilitation of the abandoned Labor Bank Building.
New Spaces to Ensure New Jersey’s Youngest Residents Have Equitable Access to High Quality Early Development Opportunities