South Beach Psychiatric Center Awards Financial Services Contract to Walgreens Eastern Co Inc (July 2026)

Empire State New Market Corporation is considering a sub-allocation of up to $14 million in New Markets Tax Credits to Walgreens Eastern Co. Inc. to fund equipment, inventory, and working capital at three rural Walgreens stores in Johnstown, Liberty, and Norwich. The transaction will be structured through an ESNMC Subsidiary CDE providing QLICI loans to support continued operations and local jobs.

Scope & details

The full contract record, as filed.

Contract amount

up to $14,000,000 in NMTC authority

Contract type

FINANCIAL_SERVICES

Contract term

Seven-year NMTC compliance period (standard NMTC structure)

Renewal

Standard NMTC transaction with anticipated seven-year credit and compliance period; ESNMC may draw allocation from either its 2023 or 2024-2025 award per the project description.

Document type

AgendaPacket

Source document

Empire State New Market Corporation Agenda Packet 2026-07-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by South Beach Psychiatric Center?

Walgreens Eastern Co Inc was awarded this financial services contract by South Beach Psychiatric Center, as recorded on July 8, 2026. The contract value is up to $14,000,000 in NMTC authority.

How much is the Walgreens Eastern Co Inc contract with South Beach Psychiatric Center worth?

The Walgreens Eastern Co Inc contract with South Beach Psychiatric Center is valued at up to $14,000,000 in NMTC authority, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Empire State New Market Corporation Agenda Packet 2026-07-08 (AgendaPacket), dated July 8, 2026 from South Beach Psychiatric Center. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Walgreens Eastern Co Inc hold?

Walgreens Eastern Co Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Walgreens Eastern Co Inc's profile

What is South Beach Psychiatric Center currently buying?

Explore South Beach Psychiatric Center's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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