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

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The Wakeman Boys and Girls Club will create the Madison Avenue Clubhouse. The Clubhouse will be built near 10,000 at-risk and low-income youth in the North End and Hollow sections

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

NMTC financing supported construction of the Research and Development Center