New Markets Tax Credit Coalition

  • Cleveland,
  • OH
  • (2023)

MAGNET Phase 2

District: Shontel Brown (D-OH11)

Investment

  • NMTC Amount: $7,000,000
  • Total Project Cost: $7,000,000

IMPACT

  • 92 FTE jobs
  • 30 construction jobs
  • 26 jobs created and 66 jobs retained.
  • 12,840 sq. ft. of real estate

CDEs

Investor

Project Description

The rehab and equipping of a vacant building into the Manufacturing Innovation, Technology and Job Center (MITJC) in Cleveland, OH. MITJC advances strategic priorities in the Workforce Development Roadmap by the OH Manufacturers Association Sector Partnership: (1) regional collaboration between manufacturers, education providers, and workforce development partners; and (2) promoting credentials and career pathways.

MAP

Address: 1800 E. 63rd. St, Cleveland, OH 44103

Census Tract: 39035112301

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