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336-749-3840
New Markets Tax Credit Allocation Recipient
First Choice Market
Project Name:
First Choice Market
Louisville, KY
Description
Construction of full-service grocery store
of project:
and Asian “fast casual” restaurant
Total Project Cost:
$4,183,117
NMTC Investment:
$4,183,117
NMTC Structure:
Leveraged model
Investors:
City of Louisville
US Bancorp Community Development Corporation
Developers:
Endeavour Corporation, Milwaukee, WI
Robert Holmes, Jr., Louisville, KY
Community
New Construction of 21,400 sq. ft.
Impacts:
Created 23 new permanent jobs, adding $675,000
annually to local wage base
Provides healthy food alternative in a food desert