Click on one of the links below to find out more about how MMCDC is helping communities in Minnesota and the Upper Midwest, particularly rural areas, become better places to live and work.
Hats Off to the Capri Theater
MMCDC New Market Tax Credit Investment: $5.28 million
Sunrise Banks NMTC QLICI Investment: $5.34 million
Total Project Cost: $11.56 million
Investor: US Bank CDC
Leverage Lender: Plymouth Christian Youth Center
Location: Federally designated Opportunity Zone
City Food Studio
MMCDC financing helped local chef Lachelle Cunningham acquire and reinvigorate the City Food Studio at 3722 Chicago Ave., Minneapolis.
*Total Project Cost: $600,000
*Total Square Feet Acquired and Renovated: 5,000
*MMCDC Loan: $550,000
St. Paul City School
Total Project Cost: $17.69 Million
Total Square Feet Constructed: 70,500
Anticipated New Job Creation: 12
Anticipated Students Served: Up to 636 Annually
Community Service: Regular and special education, enrichment and after-school activities, and other services for pre-kindergarten through grade 12 students and families
Turtle Mountain Recovery Center (TMRC)
The new Turtle Mountain Recovery Center in Belcourt, N.D., is a development led by the Turtle Mountain Band of Chippewa.
Total Project Cost: $19.55 Million
Total Square Feet Constructed: 20,361
Anticipated Job Creation: Up to 34 FTEs
Anticipated Community Members Served: 350 Annually
