Cincinnati, OH (2019)

Pretzel Baron

Investment

  • NMTC Amount: $12,610,000
  • Total Project Cost: $20,032,160

IMPACT

  • 110 FTE jobs
  • 15 construction jobs
  • Borrower collaborated with the Urban League, a social services agency dedicated to the enhancement of economic opportunities for African Americans, to fill open positions with community members associated with the League's mission.
  • 1,000,000 sq. ft. of real estate

Investor

Project Description

Pretzel Baron, a 100-year old Ohio pretzel manufacturer, acquired, assembled and installed equipment in its facility for the purpose of expanding its operations and adding a second production line, which is expected to result in an anticipated 60% increase in annual production. Project is located in a severely distressed and underserved community, characterized by a poverty rate of 29.2%, a median family income ratio of 68.51% and an unemployment rate of 8.1%, and qualifies as a State Enterprise Zone.

MAP

Address: 311 Northland Boulevard, Cincinnati, OH 45246

Census Tract: 39061021504

Other Ohio Projects

South Webster/New Boston/Sciotoville, (2020)