Jesse Ball Dupont

New Markets Tax Credit Coalition

Jacksonville,
Fl
(2014)

Jesse Ball Dupont

Community, Mixed-use, Nonprofit Hub

The Jessie Ball duPont Center provides nonprofit office space, community meeting space, and individual / group co-working space in downtown Jacksonville.

Investment

NMTC Amount: $10,000,000
Total Project Cost: $23,900,000

IMPACT

63 FTE jobs
186 construction jobs

CDEs

Chase, Consortium America, Florida Community Loan Fund, Local Initiatives Support Corporation

Investor

Chase

Voices from the Community

But for the NMTC, we would not have been able to make a multimillion dollar investment in downtown Jacksonville. We were one of the only landlords to embark on adaptive reuse at the time in downtown. I do believe that in the next several years we will see if it was successful in catalyzing more investment in downtown.

-Mari Kuraishi, President, The Jessie Ball duPont Fund, Jacksonville, Florida

Project Description

The Jessie Ball duPont Center provides nonprofit office space, community meeting space, and individual / group co-working space in downtown Jacksonville. With NMTC financing, the Center renovated a historic library into a new 129,000 sq-foot facility that is LEED certified and incorporates many green features. The project was a catalyst for reinvestment in this downtown city core, which had been stagnant for years.