SLDC has completed the allocation cycle for the current round of New Markets Tax Credits. The entire $52 million allocation has now been funded. This sets the stage for a new NMTC application to be submitted to the Treasury Department on February 28.
Developments made possible with the NMTC allocation are these:Ludwig Lofts, developed by LoftWorks
Center Ethanol plant in the Illinois part of the region
Hammermill Lofts, developed by Conrad Properties/Rodgers Townsend as office and retail space
Loop Hotel, developed by Joe Edwards/Bob O’Loughlin
BioVest International, a life sciences manufacturing firm
Solae headquarters development in CORTEX
One City Center office tower, developed by Pyramid Companies