New Markets Tax Credit Coalition

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  • Chicago,
  • IL
  • (2011)

Tesla Produce

District: Jesús García (D-IL04)

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

Investor

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.

External Profile

MAP

Address: 4555 South RACINE Avenue, Chicago, IL 60609

Census Tract: 17031842600

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