Pretzel Baron

New Markets Tax Credit Coalition

Cincinnati,
OH
(2019)

Pretzel Baron

Food Manufacturing

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

CDEs

Finance Fund

Investor

Unknown

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

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