RGD Construction

NMTC financing supported the RGD Construction project.

Investment

  • NMTC Amount: $796,875
  • Total Project Cost: $850,000

IMPACT

  • 10 FTE jobs

Investor

Project Description

The loan is to a minority-owned contractor in southern California. The company, which provides professional painting services for residential properties, had been operating out of the owner’s home. The acquisition of a permanent location will allow the business to expand services and hire five new full-time employees. All five positions will be quality, accessible jobs and the borrower has committed to hiring from the local community.

MAP

Address: 11708 Inglewood Avenue, Hawthorne, CA 90250

Census Tract: 6037602103

Other California Projects

Finances construction of a 20,000 sq. ft. multi-structure office campus.
A Charter Management Organization designed and developed by the USC Rossier School of Education in 2012 to close the graduation gap for high-need students in Los Angeles.
Construction of a business center supporting 26 new permanent full-time-equivalent jobs.
Development of a new facility to operate and expand an Early Care and Education program.