Illinois Data and Stories

Map of Selected Projects in Illinois

Community Testimonials

I have seen firsthand how the New Markets Tax Credit (NMTC) program serves as a powerful tool for driving private investment into areas that are often overlooked by traditional financing—particularly those that are severely and deeply distressed. NMTC financing doesn’t just bring capital into these communities; it catalyzes broader private-sector investment and job creation that reverberates long after the initial project is complete. Central States Development Partners, Inc., a certified Community Development Entity (CDE), has actively deployed federal NMTC allocations to spur meaningful, community-driven development across the country. Our investments have supported high-impact projects that bring jobs, services, and revitalization to neighborhoods most in need. To date, Central States has made the following NMTC investments by state: Illinois: $124.9 million Iowa: $6.9 million Indiana: $20 million Missouri: $825,000 Kansas: $13.6 million Colorado: $5 million Nevada: $17.7 million California: $25 million Washington: $6 million Texas: $16 million Louisiana: $16 million Georgia: $16 million Florida: $23 million These targeted investments demonstrate our commitment to advancing economic opportunity and creating lasting impact in some of the nation’s most distressed communities. Continued support of the CDFI Fund and the NMTC program is essential to increasing American jobs, supporting and increasing manufacturing, community facilities, and increased access to healthcare facilities.

-Beth Payne, Central States Development Partners, Inc.

Selected Projects in Illinois

The revitalization of downtown Rockford took another step forward with the rehabilitation of the indoor City Market at a vacant building in the 100 block of North Madison Street.
Financing for a metal fabrication company with a emphasis on the manufacturing of cabs used in the agriculture and construction industries.
The construction of a new 67,000 sq. ft. micro business food incubation center.
The purchase of and renovate a building which replaces its Portage Park clinic, provide more services to that patient population and attract a substantial number of new patients.
Trusted provider, Esperanza, provides health and hope to Chicago’s under-served communities
In March 2018, CDF provided $6M in NMTC allocation to Gads Hill Center.
CTUF received $50,000 to continue its support of public education, teacher professional development, and community and apprenticeship programs through grant-making to community-based organizations.
The center provides sports and recreational opportunities to low-income residents on Chicago's south side. Individuals, housing authority residents and local teams is able to utilize the facility at reduced rates.
Chestnut Family Health Cente is a FQHC that provides primary care and behavioral healthcare services both directly and indirectly through collaborative relationships.
Financing for the acquisiton of 3 locatons including 1) a pharmacy and urgent care center, 2) expansion of adult day care center and 3) greenhouse to produce/sell fresh products through
New construction of a mixed-use supportive housing and community wellness center.
Financing for M-Wave, a company that offers a simple, efficient and secure approach to Low Cost Country sourcing of commercial or industrial electro-mechanical and electronic parts.

Site visits and recent news related to Illinois NMTC Projects

Senator Durbin Visits Center @501

Senator Durbin (D-IL) was on hand for a ribbon-cutting at Center @501 June 28th.
Jun-2019