Minnesota Data and Stories

State Fact Sheet

Map of Selected Projects in Minnesota

Community Testimonials

Working with our NMTC Borrowers I have seen first hand what a difference this program can make with our Borrowers stories. From the business to their employees to the their communities it really can change people’s lives.

-Tim Swenson, Midwest Minnesota Community Development Corporation, Detroit Lakes, MN

Selected Projects in Minnesota

Hmong American Partnership

Saint Paul,
MN
(2020)

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, Mixed-use, Nonprofit Hub, Schools, Youth and Families

CDE(s): USBCDE

The acquisition of a renovated 32,000 square foot building that now houses educational and job training programs sponsored by Hmong American Partnership.

Camdentown Flats

Minneapolis,
MN
(2022)

Mixed-use

CDE(s): USBCDE

This investment will finance the construction of a 7,119 sq. ft., 9-unit multi-family corporate housing development designed to provide affordable live/workspace for professionals of color in the Camd […]

East Side Food Co-Op

Minneapolis,
MN
(2015)

Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Self-Help

The NMTC helped a food co-op expand and provide greater access to healthy food in a USDA food desert.

Boys & Girls Club and Head Start Program

Rochester,
MN
(2012)

Boys and Girls Clubs, Community, Recreation, Youth and Families

CDE(s): Midwest Minnesota CDC, USBCDE

Financing for the Child Youth Services Center with boys and girls club and headstart

Essentia Health Duluth Heritage Center

Duluth,
MN
(2008)

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

CDE(s): Midwest Minnesota CDC

Financing supported a wellness and fitness center with a mission to provide an environment that inspires and promotes a healthy lifestyle through diverse, quality opportunities, with special emphasis on youth

The Historic Coliseum Building

Minneapolis,
MN
(2024)

Business Development, Historic Rehabilitation, Mixed-use and Commercial

CDE(s): Mid-City Community CDE, Midwest Minnesota CDC, University Financial Corp.

NMTC financing from MMCDC will help build a more equitable economic future for Minneapolis

Minneapolis American Indian Center

Minneapolis,
MN
(2022)

Community, Healthcare

CDE(s): Midwest Minnesota CDC, Old National CDE Corporation, University Financial Corp.

NMTC financing for the renovation and expansion of the Minneapolis American Indian Center (MAIC), a nonprofit community center in the heart of the American Indian community of Minneapolis providing comprehensive

Catholic Charities’ St. Paul Opportunity Center

Saint Paul,
MN
(2017)

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, Dental Services, FQHCs, Healthcare, Shelters and Community Food, Youth and Families

CDE(s): BMO Harris, Corporation for Supportive Housing

NMTC financing supported the construction of a new 60,900 sq. ft. service center targeted to very low-income and homeless individuals co-located with housing designed to transition people from homelessness to

Catholic Charities of St. Paul and Minneapolis: Exodus 2.0 Project

Minneapolis,
MN
(2020)

Behavioral Health, Community, FQHCs, Healthcare, Historic Rehabilitation, Hospitals and Emergency Services, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food, Supportive Housing, Veterans Services

CDE(s): Corporation for Supportive Housing, University Financial Corp., USBCDE

Rehabilitation of a building for the development of a mixed-use project to include medical respite, transitional housing, healthcare, and social services for the homeless.

Heritage Park Elder Community Center

Minneapolis,
MN
(2010)

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

CDE(s): Local Initiatives Support Corporation

Elderly with a clinic, an adult daycare, a fitness center and office space for social service provider

Vomela Specialty Company

Saint Paul,
MN
(2020)

Energy, Manufacturing, Solar

CDE(s): Midwest Minnesota CDC

Financing for the installation of 1 megawatt of solar panels and purchasing various furniture, fixtures and equipment at Vomela's new 300,000 sq. ft. headquarters in Saint Paul, MN.

George Modular

Minneapolis,
MN
(2024)

Manufacturing

CDE(s): CRFUSA, University Financial Corp., USBCDE

Much-needed investment by an innovative manufacturer provides economic boost for north Minneapolis, Minnesota community.

Site visits and recent news related to Minnesota NMTC Projects

NMTC financed V3 Sports to celebrate grand opening in north Minneapolis

June 21, 2024

Historic Coliseum Building reopens after four-year restoration

June 19, 2024

Make the New Markets Tax Credit permanent

June 10, 2024