Olympia Foods

Franklin Park,
IL
(2014)

Olympia Foods

Business Development, Food Manufacturing, Manufacturing

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.

Investment

NMTC Amount: $7,840,000
Total Project Cost: $25,450,000

IMPACT

60 FTE jobs
80 construction jobs
All new jobs are quality jobs providing living wages and employee benefits. Project included environmental cleanup.
125,000 sq. ft. of real estate

CDEs

SCORE

Investor

PNC

Project Description

The Olympia Foods Project involved 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. The new facility was brought up to Olympia Foods’s operating standards and outfitted for the production of pita and gyro products. SCORE NMTCs supported the addition of a 35,000 sq. ft. freezer and dry storage space and the necessary equipment upgrades. The facility was able to restore 120 quality jobs to the severely distressed community, which had experienced an unemployment rate two-times the national average.

MAP

Address: 9501 Nevada Avenue, Franklin Park, IL 60131

Census Tract: 17031811302

Other Illinois Projects

Pullman Health Center

Chicago,
IL
(2012)

Community, Community Center, FQHCs, Healthcare

CDE(s): Chicago Development Fund

Twelve acres of vacant land were transformed into the new Pullman Community Center – the 135,000 square foot, state-of-the-art, recreation and education complex – offering year-round indoor recreational and educational

JAZZ @ WALTER CIRCLE

East Saint Louis,
IL
(2010)

Adult Education, Affordable Housing, College or Vocational Training, Community, Community Center, Environment, Grocery and Fresh Food, Healthcare, HFFI, Mixed-use, Retail, Retail and Commercial, Solar

CDE(s): Hampton Roads Ventures

Jazz at Walter Circle is a four-story mixed-use facility that includes 74 apartments for senior citizens.

Bethany for Children & Families

Moline,
IL
(2007)

Youth and Families

CDE(s): IFF

NMTC financing supported Bethany for Children & Families, a nonprofit with a mission to keep children safe, to strengthen families, and to build healthy communities.

Chicago Jesuit Academy

Chicago,
IL
(2022)

Behavioral Health, Community, Historic Rehabilitation, Schools

CDE(s): Cinnaire New Markets, Enterprise Community Partners, SCORE

The Chicago Jesuit Academy was founded in 2005 to support students from historically disinvested communities and is located on Chicago’s West Austin Neighborhood. The CJA currently provides a high-quality education