New Markets Tax Credit Coalition

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The Packing House

Investment

  • NMTC Amount: $23,750,000
  • Total Project Cost: $26,211,500

IMPACT

  • 154 FTE jobs
  • 88 construction jobs
  • 62,620 sq. ft. of real estate

Investor

Project Description

The project consists of the rehabilitation of the 60,500 sq. foot historic Phillips Packing Company, Factory F into a mixed-use technology hub within a non-metropolitan, severely distressed tract in Cambridge, MD (the “Project” or “Packing House”). The project is designed to support innovation and collaboration in the region’s aquaculture and AgTech industries by providing space for small- and medium-sized businesses and through the incorporation of state-of-the-art technology that will further Chesapeake Bay restoration efforts. NMTC funding will support sustainable materials and energy efficient measures, with the aim of achieving LEED Gold certification.

MAP

Address: 411 A Dorchester Avenue, Cambridge, MD 21613

Census Tract: 24019970400

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