The Hatchery

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

Other Illinois Projects

Imperial Zinc Corporation Project 2

Chicago,
IL
(2022)

Manufacturing

CDE(s): USBCDE

Finances the construction of a 49,000 sq. ft. zinc processing facility in Chicago’s Pullman neighborhood to replace a 32,000 sq. ft. building that burned down last year.

Covenant House Illinois

Chicago,
IL
(2021)

Community, Homeless Services, Homeless Shelter, Shelters and Community Food

CDE(s): Chicago Development Fund

Funding for the acquisition and renovation of a 3-story building located at 2934 West Lake Street in East Garfield Park for a nonprofit service provider.

Career Development Center New 2U Store

Fairfield,
IL
(2005)

Behavioral Health, Community, Disability Services, Healthcare, Professional Services, Retail and Commercial, Rural

CDE(s): Peoples Economic Development Corporation

The Career Development Center has a mission to encourage independence and provide opportunities for people with a diagnosed disability so that they may be able to live and work in

VNA Health Center

Aurora,
IL
(2007)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): IFF

To help VNA meet its growing demand, IFF provided a $1 million NMTC loan for construction of a new health care facility.