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Portland, OR (2011)

Oregon College of Oriental Medicine

The renovation of the historic Globe Hotel building (1911) into a new home for OCOM, one of the oldest colleges of Acupuncture and Oriental Medicine in the U.S.

Investment

  • NMTC Amount: $13,870,060
  • Total Project Cost: $14,687,201

IMPACT

  • 16 FTE jobs
  • 110 construction jobs

Investor

Project Description

The project renovated the historic Globe Hotel building (1911) into a new home for OCOM, one of the oldest colleges of Acupuncture and Oriental Medicine in the US The new OCOM location is centrally located in Old Town/Chinatown and allows the school to increase enrollment by 50 students, add 7,500 on-site patient treatment visits, 2,500 outreach patient visits within the neighborhood social service offices and provide wellness/disease prevention services to 3,000 local business employees. The move also supports community redevelopment effort led by Portland Development Commission to recruit new business into the district. The LEED Gold certified facility spurred economic activity throughout the district and brought a ’24-hour’ presence to the area, greatly benefiting the district.

MAP

Address: 75 Northwest Couch Street, Portland, OR 97209

Census Tract: 41051005100

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