Bardstown, KY (2022)

The Rusty Rooster

NMTC financing helped position a retail center for local sellers position itself for growth.

Investment

  • NMTC Amount: $176,000
  • Total Project Cost: $267,500

IMPACT

  • 2 FTE jobs
  • The two jobs are quality jobs with good pay and benefits.
  • 9,950 sq. ft. of real estate

CDEs

Investor

Project Description

NMTC financing helped convert a previously vacant, 9,950k sq. ft. building into a retail outlet specializing in used goods, furniture, antiques and vintage/home d├ęcor re-sale. The company also works with local entrepreneurs who lease booths for the resale of used goods, furniture, and others within the building.

Without refinancing and paying off the previous landlord, as well as new funds for renovations, the borrower could have been forced to consider moving. This would eliminate two (2) full-time jobs and the access to resale used goods to those residents in this area. Additionally, the closure of the business would result in the 25 vendors being without a facility to sell their goods.

MAP

Address: 620 Bloomfield Road, Bardstown, KY 40004

Census Tract: 21179930303

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