Our Impact

To-date, CCG has utilized $179,500,000 NMTC allocation, funding developments throughout Pennsylvania. We have successfully attracted private equity, brought lenders to the table, and funded high-impact developments. Specifically, our efforts have or will result in the following impacts when all the developments are stabilized*:

  • Total Project Costs: $642,000,000
  • Completed or In-Progress Real Estate Development: Approximately 2.0 million square feet
  • Construction Jobs Created: 4,444
  • Permanent Jobs Created: 3,469

Photo of Bakery Square building in Pittsburgh. The main Bakery Square building was built as a Nabisco factory in 1918 and operated until 1988.

Developments

We invite you to read more about these developments and their community impacts at the links that follow.

  1. Big Mill, Reading
  2. 201 Stanwix/Verizon Building, Pittsburgh
  3. 421 Seventh Avenue, Pittsburgh
  4. 600 North Broad Street, Philadelphia
  5. Bakery Square, Pittsburgh
  6. Coal Street Community Facility, Wilkes-Barre
  7. Community Legal Services, Philadelphia
  8. Connell Building, Scranton
  9. Gardens at Market Square
  10. Hamilton Health Center, Harrisburg
  11. Market Square Place, Pittsburgh
  12. Philadelphia Episcopal Cathedral Center
  13. Piatt Place, Pittsburgh
  14. Reading Convention Center Doubletree Hotel
  15. River Valley YMCA
  16. Schmucker Hall, Gettysburg
  17. Steelstacks, Bethlehem
  18. Stephen Klein Wellness Center
  19. Sun Center Studios, Ashton
  20. Wilkes-Barre YMCA, Wilkes-Barre

*These economic impact numbers were estimated as part of the due diligence performed at the time of the funding by CCG. In addition to obtaining job estimates from the project developers, Baker Tilly, CCG's primary CPA and consulting firm, performed an economic impact analysis for each project utilizing job creation statistics from comparable projects, job creation standards specific to individual industries, and IMPLAN software. IMPLAN is economic modeling software widely used in estimating impacts of community development projects. The results from the Baker Tilly analysis were reconciled with developer estimates to arrive at the job creation estimates provided in this document.