US Coast Guard Research and Development Center

NMTC financing supported construction of the Research and Development Center

Investment

  • NMTC Amount: $8,000,000
  • Total Project Cost: $16,770,329

IMPACT

  • 81 FTE jobs
  • 83 construction jobs
  • 90,000 sq. ft. of real estate

Investor

Project Description

NMTC financing supported construction of the Research and Development Center (RDC), located in New London, Conn. is the Coast Guard’s primary facility performing research, development, and test and evaluation in support of the service’s major missions. The RDC is responsible for evaluating the feasibility and affordability of mission execution solutions and providing operational and risk-management analysis at all stages of the acquisition process.

MAP

Address: 1 Chelsea Street, New London, CT 6320

Other Connecticut Projects

NMTC financing supported construction of the Research and Development Center
A new, 28,000 sq. ft. clubhouse to serve an estimated 2,500 children in inner-city Bridgeport.
Construction and build-out of a new 40,200 sq. ft. health clinic with 27 exam rooms, new behavioral health and addiction-related treatment spaces, a community pharmacy, and a computer room to

The MHIC loan and NMTC capital will be used to acquire and entirely renovate the property, a currently vacant, 10,800 s.f building located in the town center, and to purchase