Wash Cycle Laundry

New Markets Tax Credit Coalition

Chelsea,
MA
(2018)

Wash Cycle Laundry

Business Development, Manufacturing

Financing for the fit-out, equipment, start-up operating deficit, and working capital necessary to operate a 10,000 sq. ft. commercial laundry business.

Investment

NMTC Amount: $2,570,000
Total Project Cost: $2,970,000

IMPACT

93 FTE jobs
10,000 sq. ft. of real estate

CDEs

MHIC

Investor

Chase

Project Description

A small NMTC loan fund financed the fit-out, equipment, start-up operating deficit, and working capital necessary to operate a 10,000 sq. ft. commercial laundry business.

MAP

Address: 22 Willow Street, Chelsea, MA 2150

Census Tract: 25025160101

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