New Markets Tax Credit Coalition

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Treasures Market

Treasures Markets used NMTC financing to renovate a vacant commercial building at 515 N.

Investment

  • NMTC Amount: $5,000,000
  • Total Project Cost: $5,000,000

IMPACT

  • 34 FTE jobs
  • 10 construction jobs
  • Serves more than 31,000 people living within a one-mile radius of the store, 61 percent of which are low-income and 44 percent have low access to food.
  • 27,000 sq. ft. of real estate

Investor

Project Description

Treasures Markets used NMTC financing to renovate a vacant commercial building at 515 N. Franklin St. for a store that donates its proceeds to local nonprofits and provides jobs for people who have a hard time finding work. Another part of the store’s social mission is offering affordable merchandise and fresh food to a part of the city that has limited access to these items. The 27,000 sq. ft. store, situated behind the McDonald’s near J. P. McCaskey High School, sells discounted groceries, furniture, clothing and other retail items made available from closeouts and donations.

MAP

Address: 515 North Franklin, Lancaster, PA 17602

Census Tract: 42071000200

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