Tesla Produce

New Markets Tax Credit Coalition

Chicago,
IL
(2011)

Tesla Produce

Food Manufacturing, Manufacturing, Solar, Waste Management, Water Management

Financing for a family-owned wholesale distributor of fresh produce as well as frozen, canned and specialty items.

Investment

NMTC Amount: $6,958,000
Total Project Cost: $23,120,606

IMPACT

160 FTE jobs
114 construction jobs
91,300 sq. ft. of real estate

CDEs

Chicago Development Fund

Investor

Unknown

Project Description

Financing for a family-owned wholesale distributor of fresh produce as well as frozen, canned and specialty items. The NMTC supported the construction of a 91,300 sq. ft. distribution center in the Stockyards Industrial Corridor. The facility is the first of its kind to achieve LEED-platinum certification, and it includes a large wind turbine to generate electricity, a grey water system to reuse wastewater on-site, hot water solar panels, PV solar panels, an extensive green roof, rainwater harvesting and daylight harvesting. The project created/retained 160 permanent jobs. The facility opened in 2011.

MAP

Address: 4555 South RACINE Avenue, Chicago, IL 60609

Census Tract: 17031842600

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