FINANCIAL_SERVICESPENDING

USBCDC to Back NMTC Deal for Rural Walgreens Stores

Empire State New Market Corporation plans to engage U.S. Bancorp Community Development Corporation to supply about $4.15 million in NMTC equity for three rural Walgreens locations. The equity will support a $14 million qualified equity investment into an ESNMC subsidiary CDE financing equipment, inventory, and working capital.

Document date · July 15, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$4,149,600
Contract type
FINANCIAL_SERVICES
Contract term
7-year NMTC credit period (implied)
Renewal
NMTC equity investment is tied to the seven-year NMTC compliance period; no additional renewal terms are described.
Document type
AgendaPacket
Source document
Empire State New Market Corporation AgendaPacket Meeting of the Directors 2026-07-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NYC-Convention Center Development Corporation?

U.s. Bancorp Community Development Corporation was awarded this financial services contract by NYC-Convention Center Development Corporation, as recorded on July 15, 2026. The contract value is $4,149,600.

How much is the U.s. Bancorp Community Development Corporation contract with NYC-Convention Center Development Corporation worth?

The U.s. Bancorp Community Development Corporation contract with NYC-Convention Center Development Corporation is valued at $4,149,600, 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 AgendaPacket Meeting of the Directors 2026-07-15 (AgendaPacket), dated July 15, 2026 from NYC-Convention Center Development Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does U.s. Bancorp Community Development Corporation hold?

U.s. Bancorp Community Development Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is NYC-Convention Center Development Corporation currently buying?

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