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6 projects receive New Markets Tax Credit investments

6 projects in Northeast Indiana are one step closer to coming to life thanks to the city of Fort Wayne's New Markets Revitalization Fund.

Posted: May 24, 2018 5:55 PM

FORT WAYNE, Ind. (WFFT)-  6 projects in Northeast Indiana are one step closer to coming to life thanks to the city of Fort Wayne's New Markets Revitalization Fund.

Byron Health Center, Electric Works, Fort Wayne Rescue Mission, Fort Wayne Boys & Girls Club, Vestil Manufacturing and The Landing all received these allocation amounts from the City of Fort Wayne:

1. Byron Health Center: $12.5 million
2. Electric Works: $12 million
3. Fort Wayne Rescue Mission: $10 million
4. Fort Wayne Boys and Girls Clubs: $8 million
5. Vestil Manufacturing: $8 million
6. The Landing: $4.5 million

"$55 million in this latest round. It certainly is a major win for the City of Fort Wayne and for all of Northeast Indiana," said Fort Wayne Mayor Tom Henry.

Kevan Biggs of RTM Venture says he's hopeful that city's contribution will influence more people to invest in the electric works project. The project will re-develop the former General Electric campus.

"Certainly it was very important to receive a meaningful allocation from Fort Wayne as the lead CDE. That helps allow CDEs to be comfortable to come in and consider allocation for our project too," said Biggs.

Although $12 million certainly helps, electric works needs $40 million of allocation to fund the project.

"We actually have secured a second allocation from another CDE and we're still seeking a few more to get a few more to get to our total amount," said Biggs.

People who live in West Central area say, they're excited about Electric Works.

"Things we're looking forward to is being able to walk 2 blocks and be able to pick up fresh fruit, fresh vegetables and meat and walk home. Just those amenities that many large cities have that Fort Wayne is aspiring to have," said resident Andrew Stout.

And look forward to its economic impacts.

"I believe there's going to be a lot of job creation out of this. We're also going to see a lot of tax revenue. Our property value is going to go up which doesn't affect everyone else, but us paying more taxes on them does," said Stout.

The Fort Wayne Rescue Mission has a net gain of about $2.5 million. That money will go towards building a new facility on E. Washington Street.

"We've been working on building a facility that could potentially house 324 persons," said Rescue Mission CEO and Senior Pastor Donovan Coley.

The Rescue Mission hopes to break ground this fall. Coley says he's glad to have the city's support.

"The City of Fort Wayne recognizes the significance of not hiding the homeless, but to show case what the community can do by taking care of the least among us."

Electric Works and developers of Fort Wayne's farmer's markets are hoping to hear your feedback about a new year-round public market at the former GE campus.

The new location will have open-air and enclosed spaces for both the summer and winter markets.People are asked to fill out a 10-minute online survey by June 15. Results from the survey will be analyzed and considered in future planning. To take the survey, visit www.surveymonkey.com/r/ElectricWorksPublicMarket. There's also a Spanish language version at www.surveymonkey.com/r/ElectricWorksMercadoPublico.

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 30901

Reported Deaths: 1964
CountyConfirmedDeaths
Marion9040531
Lake3191167
Cass15796
Allen121365
St. Joseph113234
Hendricks110365
Hamilton109291
Johnson1065102
Elkhart93827
Madison57658
Bartholomew46733
Porter46521
Clark45038
LaPorte38721
Tippecanoe3563
Jackson3531
Howard34417
Delaware34027
Hancock31527
Shelby31121
Floyd31138
Boone27935
Morgan25724
Vanderburgh2402
Decatur22131
White2128
Montgomery21114
Clinton2041
Harrison18321
Grant17820
Noble17420
Dubois1712
Greene16723
Warrick16326
Dearborn16221
Monroe15810
Henry1556
Lawrence14222
Miami1351
Vigo1357
Putnam1297
Jennings1264
Orange12222
Scott1153
Ripley1126
Franklin1068
Carroll882
Daviess8116
Steuben762
Newton7210
Wabash722
Kosciusko711
Wayne665
Marshall611
LaGrange592
Washington521
Jasper521
Fayette504
Fulton461
Rush452
Jefferson411
Jay410
Clay381
Pulaski380
Randolph373
Whitley342
Brown331
Sullivan311
Starke303
Owen301
DeKalb281
Knox240
Benton240
Crawford230
Perry230
Huntington222
Tipton221
Wells220
Switzerland190
Blackford191
Fountain172
Parke170
Posey170
Spencer141
Gibson132
Ohio130
Adams121
Warren121
Martin100
Union80
Vermillion80
Pike50
Unassigned0152

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 31408

Reported Deaths: 1956
CountyConfirmedDeaths
Franklin5097224
Cuyahoga3851207
Marion260821
Hamilton2349128
Lucas2087228
Pickaway203835
Mahoning1317169
Summit1204159
Butler75025
Stark67089
Lorain63759
Montgomery57814
Trumbull51442
Columbiana47750
Belmont38112
Miami34630
Warren31919
Portage30958
Tuscarawas3062
Delaware29211
Ashtabula27431
Medina27419
Wood26945
Lake26312
Geauga25029
Wayne24850
Fairfield2333
Licking20110
Clark1956
Allen18431
Richland1793
Mercer1783
Clermont1775
Darke14716
Erie1374
Madison1327
Washington11618
Morrow1041
Crawford1043
Greene925
Ottawa877
Putnam8514
Monroe719
Sandusky6510
Hocking643
Ross622
Jefferson622
Auglaize583
Williams511
Huron491
Hancock481
Muskingum440
Clinton430
Union420
Hardin380
Logan380
Shelby372
Wyandot362
Fulton350
Fayette340
Defiance322
Preble301
Guernsey300
Carroll282
Lawrence280
Champaign261
Brown241
Coshocton240
Knox231
Holmes221
Vinton190
Highland181
Perry171
Seneca172
Ashland170
Henry140
Scioto140
Athens131
Paulding130
Jackson110
Harrison100
Adams81
Gallia71
Meigs60
Pike60
Noble50
Morgan50
Van Wert50
Unassigned00
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