Rhoads Industries

New Markets Tax Credit Coalition

Philadelphia,
PA
(2017)

Rhoads Industries

Business Development, Machine Shops and Metal Fabrication, Manufacturing

Renovation of a one-story, plus mezzanine manufacturing facility.

Investment

NMTC Amount: $26,000,000
Total Project Cost: $36,406,137

IMPACT

100 FTE jobs
100 construction jobs
320,000 sq. ft. of real estate

CDEs

Chase, City First, Enhanced Capital, PIDC Community Capital

Investor

Chase

Project Description

The rehabilitation of a 99 year old, abandoned, historic, 1-story, 320,000 sq. ft. manufacturing building located at the Philadelphia Navy Yard.

The building is occupied by Rhoads Industries, a leader in industrial fabrication, installation, maintenance services and facilities for commercial and government customers. The company is a longtime manufacturer of submarine parts and other large metal fabrications for the U.S. Navy

The rehabilitation of the building enabled Rhoads to fulfill their current contract with the U.S. Navy as well as double their long-term production capacity.

MAP

Address: 1900 Kitty Hawk Avenue, Philadelphia, PA 19112

Census Tract: 42101005000

PDF Profile

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Sharon,
PA
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Behavioral Health, Community, FQHCs, Healthcare

CDE(s): Chase, Commonwealth Cornerstone Group, The Reinvestment Fund

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