Port of Hueneme

New Markets Tax Credit Coalition

Port Hueneme,
CA
(2013)

Port of Hueneme

Community, Infrastructure, Manufacturing, Shelters and Community Food, Transportation and Ports

The modernization of the Port of Hueneme retained $7 billion in trade business and 500 livable wage jobs.

Investment

NMTC Amount: $10,000,000
Total Project Cost: $14,700,000

IMPACT

1,000 FTE jobs
161 construction jobs

CDEs

Clearinghouse CDFI, Wells Fargo

Investor

Wells Fargo

Project Description

The modernization of the Port of Hueneme retained $7 billion in trade business and 500 livable wage jobs. Clearinghouse CDFI provided $10 million of NMTC allocation for this $14.7 million project. Newly installed, shore-side electrical power will eliminate 230 tons of emissions annually from vessels docking at the port. Additionally, the Port will facilitate the distribution of 1.4 million pounds of fresh produce for a mobile food pantry serving 45,000 low-income residents in surrounding food deserts.

MAP

Address: 100 West Port Hueneme Road, Port Hueneme, CA 93041

Census Tract: 6111004305

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