FINANCIAL_SERVICESPENDING

USBCDC to provide NMTC equity for Antonucci deal

U.S. Bancorp Community Development Corporation is expected to invest approximately $4.2 million in NMTC equity into a fund supporting ESNMC’s $14 million New Markets Tax Credit transaction for Antonucci Wholesale Foods in Gloversville. ESNMC’s subsidiary CDE will in turn make QLICI loans to the food distribution business.

Document date · July 8, 2026

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TerraCycle logo
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WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
approximately $4,204,200 in NMTC equity investment
Contract type
FINANCIAL_SERVICES
Contract term
Seven-year NMTC credit and compliance period
Renewal
Equity investment will remain outstanding through the seven-year NMTC compliance period; standard recapture and indemnification provisions apply.
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?

U.s. Bancorp Community Development Corporation was awarded this financial services contract by South Beach Psychiatric Center, as recorded on July 8, 2026. The contract value is approximately $4,204,200 in NMTC equity investment.

How much is the U.s. Bancorp Community Development Corporation contract with South Beach Psychiatric Center worth?

The U.s. Bancorp Community Development Corporation contract with South Beach Psychiatric Center is valued at approximately $4,204,200 in NMTC equity investment, 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 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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