Kearny Point Building 197

Kearny,
NJ
(2017)

Kearny Point Building 197

Incubator, Manufacturing

A 130-acre former federal shipyard transformed into an environmentally sustainable business hub for innovation and economic growth.

Investment

NMTC Amount: $10,000,000
Total Project Cost: $34,336,943

IMPACT

260 FTE jobs
260 construction jobs

CDEs

GS New Markets Fund, New Jersey Community Loan Fund

Investor

Goldman Sachs

Project Description

New construction of a single story light industrial building. Kearny Point, a 130-acre former federal shipyard transformed into an environmentally sustainable business hub for innovation and economic growth.

MAP

Address: 1 Eastern Road, Kearny, NJ 7032

Census Tract: 34017012700

Other New Jersey Projects

Kearny Point Building 197

Kearny,
NJ
(2017)

Incubator, Manufacturing

CDE(s): GS New Markets Fund, New Jersey Community Loan Fund

A 130-acre former federal shipyard transformed into an environmentally sustainable business hub for innovation and economic growth.

Salvation Army Kroc Community Center

Camden,
NJ
(2014)

Adult Education, College or Vocational Training, Community, Culinary Entrepreneurship, Daycare and Early Childhood, Healthcare, Mixed-use, Salvation Army, Shelters and Community Food, Theaters and Performing Arts Spaces, Youth and Families

CDE(s): Brownfield Revitalization, New Jersey Redevelopment Authority, United Fund Advisors

A new community center for one of the poorest cities in America

Paterson Habitat for Humanity

Paterson,
NJ
(2020)

Affordable Housing, Community, Habitat for Humanity, Housing

CDE(s): New Jersey Community Loan Fund

In 2020, the NMTC provided patient financing for the nonprofit to facilitate the construction of 14 scattered site, for-sale affordable housing units.

Lendistry Fund – Black Paper Party Project

Jersey City,
NJ
(2023)

CDE(s): USBCDE

Black Paper Party is an MWBE seeking working capital and debt refinancing to continue to provide holiday gift wrapping solutions.