Illinois Data and Stories

State Fact Sheet

Map of Selected Projects in Illinois

Community Testimonials

It is a critical tool to reduce the amoral wealth and income gap between black and white people that persists in America. NMTC investments create higher paying jobs and business ownership wealth in predominantly African American communities across the country.

-Calvin Holmes, African American Alliance of CDFI CEOs, Chicago, Illinois

Selected Projects in Illinois

North Lawndale Employment Network

Chicago,
IL
(2020)

Adult Education, College or Vocational Training, Community, Manufacturing, Retail, Vocational Training

CDE(s): Chicago Development Fund

A vacant North Lawndale banking facility will be redeveloped as the new campus for the North Lawndale Employment Network through a $2.5 million Neighborhood Opportunity Fund grant approved by City

Cristo Rey St. Martin College Prep Phase 2

Waukegan,
IL
(2020)

Community, Makerspace, Private School, Recreation, Religious Organizations, Retail, Retail and Commercial, Schools, Theaters and Performing Arts Spaces

CDE(s): Enhanced Capital

Development of 47,000 sq. ft. of unused retail space into a Fine Arts Makerspace, a Performance Stage, a Gym/Fitness Center and additional classrooms for a high school.

Bend XPO

East Moline,
IL
(2020)

Community, Mixed-use, Nonprofit Hub, Retail, Theaters and Performing Arts Spaces

CDE(s): Central States Development Partners, Consortium America, Enhanced Capital

Construction of a 100,000 sq. ft. events and community center which provides space for local nonprofits, tractor and machinery auctions, and adaptable space to host regional sporting and local corporate

National Railway Equipment Co.

Mount Vernon,
IL
(2020)

Business Development, Manufacturing, Rural

CDE(s): Advantage Capital, Enterprise Financial CDE

Working capital for National Railway Equipment, an independent supplier of new and remanufactured locomotives.

Perspectives Charter School

Chicago,
IL
(2019)

Community, Schools, Youth and Families

CDE(s): SCORE

SCORE allocated $8.5MM of federal NMTC allocation and $8.25MM of IL State NMTC allocation to Perspectives Charter Schools for the acquisition and refurbishment of a new campus building, to enable

Flex-N-Gate Plastics

Danville,
IL
(2019)

Auto Manufacturing, Business Development, Manufacturing, Plastics and Chemicals

CDE(s): Central Bank of Kansas City, FirstPathway Community Development

Financing for a 55,000 sq. ft. expansion and equipment upgrade to the Company’s existing auto parts manufacturing plant in Danville, IL.

Chicago Prep/Amped Kitchens Chicago

Chicago,
IL
(2019)

Business Development, Community, Food Manufacturing, Incubator, Manufacturing, Schools

CDE(s): Consortium America, FirstPathway Community Development, Local Initiatives Support Corporation, SCORE

NMTCs bring food manufacturers to Chicago

Altgeld Resource Center

Chicago,
IL
(2019)

Community, Daycare and Early Childhood, Library, Youth and Families

CDE(s): Building America CDE, Cinnaire New Markets

The new construction of the Altgeld Family Resource Center provides an early childhood learning center, a Chicago Public Library, and a community center to the Altgeld/Murray neighborhood on the far

Downtown YMCA – Springfield YMCA

Springfield,
IL
(2019)

YMCAs and YWCAs

CDE(s): Brownfield Revitalization, Consortium America

The new aquatic center features an eight lane swimming pool along with a recreational pool at the new Downtown YMCA, in Springfield, Ill. The new facility opened in 2020.

Jeffrey Plaza/Shop & Save Market

Chicago,
IL
(2019)

Grocery and Fresh Food

CDE(s): Chicago Development Fund

In February 2019, CDF provided $12 million in NMTC allocation to 7131 Jeffrey Development to fund the purchase of the entire 113,300 sq. ft. Jeffery Plaza shopping center and renovation