Lawrence General Hospital

New Markets Tax Credit Coalition

Lawrence,
MA
(2018)

Lawrence General Hospital

Community, Healthcare, Hospitals and Emergency Services, Safety Net Hospital

The construction of a surgical addition to Lawrence General Hospital.

Investment

NMTC Amount: $11,816,000
Total Project Cost: $55,000,000

IMPACT

154 FTE jobs
330 construction jobs
300,000 patients served
43,700 sq. ft. of real estate

CDEs

Bank of America, MHIC

Investor

Bank of America

Project Description

This NMTC supported financing for the construction of a surgical addition to Lawrence General Hospital (LGH). The addition added 43,700 sq. ft. on 2 floors with 7 new operating rooms.

LGH is an independent, non-government, non-religiously affiliated, not-for-profit hospital serving the greater Lawrence, MA community and surrounding areas. LGH serves nearly 300,000 patients annually and is the sole remaining not-for-profit hospital serving the immediate Lawrence area.

The hospital s presence in the city of Lawrence has ensured that the working poor have access to quality primary care. Of the city s roughly 77,000 residents, almost 30% of households live below the Federal poverty rate and the city s 8.6% unemployment rate is among the highest in the state.

MAP

Address: 1 General Street, Lawrence, MA 1841

Census Tract: 25009250800

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