Peckham

Lansing,
MI
(2008)

Peckham

Adult Education, College or Vocational Training, Community, Vocational Training

Chase helped Peckham Vocational Industries create job opportunities and spur economic growth in Lansing, Mich.

Investment

NMTC Amount: $16,000,000
Total Project Cost: $23,812,848

IMPACT

200 FTE jobs
191,000 sq. ft. of real estate

CDEs

Chase

Investor

Chase

Project Description

Chase helped Peckham Vocational Industries (Peckham) create job opportunities and spur economic growth in Lansing, Mich. The nonprofit Peckham provides job training and employment to persons with disabilities and/or other socio-economic barriers to employment. Through the use of New Markets Tax Credits, Chase provided a $16 million loan with a below-market interest rate for a 191,000 sq. ft. addition to one of Peckham’s existing facilities. The new warehouse space allows for consolidation of operations from their existing light manufacturing facilities, a state-of-the-art production facility, and room to grow the staff from 700 people to 900 by 2016.

MAP

Address: 4110 North Grand River Avenue, Lansing, MI 48906

Census Tract: 26065003301

PDF Profile

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