CAPITAL CITY PROPERTIES

St. Paul MN


Capital City Properties (CCP), a wholly owned subsidiary of the St. Paul Port Authority (SPPA), has a mission of restoring blighted properties, undertaking economic and community development initiatives, and encouraging business expansion in St. Paul. The SPPA creates “business centers” in distressed communities, and it is in these areas that the NMTC allocation will be used as an additional incentive to encourage both business relocation and expansion. CCP will be partnering with Employer Solutions, Inc (ESI), who will provide financial counseling and other services to targeted businesses, and recruit and train low-income persons for job placement at the newly financed businesses.

CDFI Awards for CAPITAL CITY PROPERTIES


NMTC (2008) - $15,000,000

Capital City Properties (CCP), a wholly owned subsidiary of the St. Paul Port Authority (SPPA), has a mission of restoring blighted properties, undertaking economic and community development initiatives, and encouraging business expansion in St. Paul. The SPPA creates a€œbusiness centersa€ in distressed communities, and it is in these areas that the NMTC allocation will be used as an additional incentive to encourage both business relocation and expansion. CCP will be partnering with Employer Solutions, Inc., who will provide financial counseling and other services to targeted businesses, and recruit and train low-income persons for job placement at the newly financed businesses.



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