Illinois Data and Stories

State Fact Sheet

Map of Selected Projects in Illinois

Community Testimonials

NMTC’s provide capital to assist in funding the development and expansion of businesses that then expand employment and the financial well being of communities.

-Dirk Meminger, Board Member, Bridge Investments, Rock Island, Illinois

Selected Projects in Illinois

Belmont Sausage

Elk Grove,
IL
(2017)

Business Development, Manufacturing, Retail

CDE(s): SCORE

Financing for a manufacturer of smoked meats.

After School Matters Michael and Karyn Lutz Family Center

Chicago,
IL
(2017)

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

CDE(s): Bank of America, Chicago Community Loan Fund

The renovation an existing 36,000 sq. ft. building to be used by After School Matters for after school and summer programming for teens in the Belmont Cragin neighborhood.

Centers for New Horizons

Chicago,
IL
(2017)

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

CDE(s): IFF

NMTC financing from IFF helped the Centers for New Horizons rehabilitate their day care facility.

Whole Foods Distribution Center

Chicago,
IL
(2017)

Business Development, Manufacturing, Warehouse and Wholesale

CDE(s): Chicago Neighborhood Initiatives, FirstPathway Community Development, SCORE

Midwest distribution facility for Whole Foods serving stores in US and Canada.

University of Chicago Medical Center

Chicago,
IL
(2017)

Community, Fighting Cancer, Healthcare

CDE(s): Urban Development Fund (Aries Capital)

UDF provided financing to the University of Chicago Medical Center for completion of multiple projects.

TCA Health, Inc.

Chicago,
IL
(2017)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): IFF

Rehabilitation of the clinic facility for a healthcare provider

Carstin Kitchen and Bath Surfaces

Arthur,
IL
(2017)

Business Development, Manufacturing, Rural

CDE(s): Enterprise Financial CDE

Financing for a manufacturer and fabricator of kitchen and bath countertops, vanities and cabinets

Chem Processing Inc.

Rockford,
IL
(2017)

Food Manufacturing, Manufacturing

CDE(s): Central States Development Partners

Expansion of existing commercial building for a chem manufacturer Central States provided $2.2 million in New Market Tax Credit financing to support a 35,000 sq. ft. new manufacturing and warehouse

Nations Roof Chicago

Villa Park,
IL
(2017)

Manufacturing

CDE(s): Midwest Industrial Redevelopment Fund

NMTC financing supported a roof manufacturing and commercial roofing company.

Burritt Building

Elgin,
IL
(2016)

Business Development, Office

CDE(s): Enterprise Financial CDE

This rehabilitated and remodeled office space is now the nicest in Elgin, Illinois and is poised to attract additional foot traffic and economic development to the city.

Chicago Commons Nia Family Center

Chicago,
IL
(2016)

Adult Daycare, Community, Daycare and Early Childhood, Healthcare, Nursing Homes and Hospice, Youth and Families

CDE(s): IFF

NMTC financing supported Chicago Commons after they absorbed the Adult Day Care Service program from Bethel New Life as well as its Home Care program.

PCC Wellness

Chicago,
IL
(2016)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): BMO Harris

NMTC financing helped an FQHC hire additional personnel, open a new, school-based clinic site, and make an electronic software upgrade throughout the network of health centers.

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.

Learn more...

Jun-2019

SAVE THE DATE: Longest Ribbon Cutting in Chicago

January 20, 2023

Construction of Indoor Rockford City Market Begins

March 7, 2018

Tour of the new Downtown YMCA

November 14, 2020