New Markets Tax Credit Coalition

Search

Method Home Products

In September 2014, CDF provided $13 million in NMTC financing to Method, the world's largest producer of environmentally-friendly cleaning products.

Investment

  • NMTC Amount: $29,990,000
  • Total Project Cost: $29,990,000

IMPACT

  • 90 FTE jobs
  • 114 construction jobs
  • 150,000 sq. ft. of real estate

Investor

Project Description

In September 2014, CDF provided $13 million in New Markets Tax Credit financing to Method, the world’s largest producer of environmentally-friendly cleaning products. CDF financing supported construction, equipment acquisition, and working capital expenditures associated with the development of the 150,000 sq. ft. manufacturing facility located at 720 E. 111th Street in the Pullman neighborhood. The facility, Method’s first in North America, houses both a third-party bottle supplier and a rooftop greenhouse operator, in addition to Method’s blending, filling, and packaging operations.

MAP

Address: 720 East 111th Street, Chicago, IL 60628

Census Tract: 17031500200

Other Illinois Projects

The renovation of a vacant 125,000 sq. ft. industrial facility previously used by a food manufacturer that halted operations in 2012 and laid off all 200 full-time employees.
This rehabilitated and remodeled office space is now the nicest in Elgin, Illinois and is poised to attract additional foot traffic and economic development to the city.

Tiger Fiber, Inc. to expand its operations in Sauget, Illinois after closing on $7 million in tax credit financing. Tiger Fiber, Inc., a St. Louis-based industrial hemp fiber processor, will

Midwest distribution facility for Whole Foods serving stores in US and Canada.