The Midtown Collaboration Center (MCC) – An additional Cleveland Foundation project positioned to bridge downtown Cleveland with University Circle – recently closed on construction financing. Cleveland Development Advisors (CDA) provided a $10 million New Markets Tax...
CDA’s annual investor report is out. In it, we highlight last year’s investments and we are proud to announce that we hit a major milestone: more than half a billion dollars invested in projects that are creating catalytic growth and opportunity in #CLE.
International Food Solutions bought a former Goodwill building in Cleveland’s Central neighborhood in November. The meal-production company plans use the building as a poultry-processing plant with more than 200 employees.
Two Cleveland-based community development organizations collectively nabbed $80 million in federal tax credits last week to support investments in low-income neighborhoods. CDA was awarded $35 million in NMTC..
CDA, the real estate affiliate of GCP, has been awarded $35 million in NMTC. The Northeast Ohio Development Fund, LLC, was awarded an additional $45 million, bringing $80 million of NMTC to fund transformative projects in Greater Cleveland.
Treasurer of the United States Chief Lynn Malerba, joined by CDFI Fund Director Jodie Harris, and others today announced more than $5 billion in (NMTC) awards nationwide.
Over the past two decades, Greater Cleveland has benefited from millions of dollars of allocations from a well-regarded 20-year-old federal program — the New Markets Tax Credit (NMTC) program.
t’s hard to think of a new urban project anywhere in Northeast Ohio that focuses more sharply on fighting industrial decline and economic inequality than the new home of MAGNET, the Manufacturing Advocacy and Growth Network.
Cleveland Development Advisors (CDA), an affiliate of GCP, will provided a $2.5 million bridge loan and a $5 million allocation of New Markets Tax Credits (NMTCs) to support the renovation of the nonprofit May Dugan Center in Cleveland’s Ohio City neighborhood. For...
New businesses will open this fall at Central Kitchen (CK), a commercial kitchen and food business incubator in Cleveland’s Midtown neighborhood. CK offers a range of services to food businesses under two divisions: its nonprofit incubator at 2800 Euclid Ave.