The Hatchery

New Markets Tax Credit Coalition

Chicago,
IL
(2018)

The Hatchery

Business Development, Community, Food Manufacturing, Incubator, Manufacturing

The construction of a new 67,000 sq. ft. micro business food incubation center.

Investment

NMTC Amount: $30,000,000
Total Project Cost: $30,953,643

IMPACT

496 FTE jobs
40 construction jobs
Progamming including support services and business advising services to more than 100 members each year. Provide at least 1 free entrepreneurship training class per month to no fewer than 10 residents of the community.
67,000 sq. ft. of real estate

CDEs

Chicago Development Fund, CRFUSA, FirstPathway Community Development, Partners for the Common Good, PNC

Investor

PNC

Project Description

The project involves the construction of a new 67,000 sq. ft. micro business food incubation center. The project is a single story structure that includes private work spaces and food production quarters, collaborative workspaces, common dry/cold storage areas, shipping and common kitchens for local start-ups and developing food companies alike.

MAP

Address: 135 North Kedzie Avenue, Chicago, IL 60612

Census Tract: 17031837100

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