New Markets Tax Credit Coalition

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Kroger Fremont

Construction of an 89,650 sq. ft. full-service Kroger grocery store and pharmacy, expected to serve 42,631 customers annually.

Investment

  • NMTC Amount: $13,000,000
  • Total Project Cost: $20,935,042

IMPACT

  • 138 FTE jobs
  • 100 construction jobs
  • 89,650 sq. ft. of real estate

Investor

Project Description

Construct an 89,650 sq. ft., full-service Kroger grocery store and pharmacy, expected to serve 42,631 customers annually. Project is located in a Non-Metro county; poverty rate is 27.7% median family income equal to 50.43% AMI, an unemployment rate of 14.38%, which is 1.72 times the national unemployment rate. The project area also qualifies as a USDA Food Desert and is in a qualified Opportunity Zone. The project also utilized the Opportunity Zone Program.

MAP

Address: 1700 Cedar Street, Fremont, OH 43240

Census Tract: 39143961600

PDF Profile

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