New Markets Tax Credit Coalition

Search

Maui Seafood

Investment

  • NMTC Amount: $2,538,000
  • Total Project Cost: $2,538,000

IMPACT

  • 71 FTE jobs
  • 31 construction jobs
  • 26 jobs created and 45 jobs retained.
  • 13,069 sq. ft. of real estate

Investor

Project Description

Capital Impact Partners provided NMTC financing to an Asian owned business that distributes fresh seafood. The financing was available through Capital Impact Partner’s Healthy Communities Fund. The project financed the expansion of Maui Seafood, LLC into the Phoenix market and enabled the small business to acquire a 13,000 sq. ft. industrial building. The project, located in an area of high unemployment, is anticipated to create 26 jobs.

MAP

Address: 3846 East Illini Street, Phoenix, AZ 85040

Census Tract: 4013115200

Other Arizona Projects

NMTC funding was used to construct a 45,000 sq. ft. hospital annex and a 34,000 sq. ft. medical clinic that will provide primary care medical services and specialty care services

A new school facility serves 550 students at full capacity in a 48,000 square foot building with 44,000 square feet for the charter school, 2,000 square feet for preschool, and
NMTC financing supported the Navajo Tribal Utility Authority, which provides electricity, natural gas, water, wastewater treatment, renewable energy and telecommunications services to homes and businesses throughout the Navajo Nation and
This project redeveloped an existing 65,000 square foot building on 5.5 acres of property that was formerly a sports athletic facility and convert this into office space for the State