CLEVELAND, OH, May 8, 2013–Members of Green City Growers Cooperative (GCGC) announced today that their innovative project won the NDC Academy 2013 Award in the Job Creation category. A $16.5 million development, GCGC is a multi-dimensional project that consists of a 3.25-acre hydroponic food production greenhouse, a 38,000 sq. ft. distribution center, supported parking and green space, all on a 10.7 acre site in the Central Neighborhood of Cleveland, OH.
GCGC is located on an environmentally remediated brownfield site. It incorporates energy saving features, which include a system for capturing water from the roof. The recycled water will be utilized in hydroponic food production and other energy saving features will reduce natural gas consumption by 20%. The greenhouse will provide employment and wealth building opportunities for residents of the surrounding neighborhood, which is home to the Cleveland Clinic, University Hospitals, Case Western Reserve University and 40 cultural institutions.
Despite the$3 billion in annual purchases made by the anchor institutions, their surrounding neighborhoods have 43,000 residents with median incomes under $18,500. GCGC is dedicated to capturing some of this purchasing power and to stabilizing neighborhoods through the creation of a profitable, worker-owned company that will provide living wages and medical benefits while building the financial assets of worker-owners. Once fully operational, the company anticipates employing approximately 42 local residents and donating 1% of production to the Cleveland Foodbank to be distributed within the Central Neighborhood.
For more information contact Mary Donnell, CEO, Green City Growers Cooperative, 5800 Diamond Ave., Cleveland, OH, (216) 268-0200, email@example.com.
The National Development Council (NDC), a national leader in economic and community development, celebrated its fifth biennial Academy 2013 with San Antonio Mayor Julián Castro and U.S. HUD Secretary Shaun Donovan as keynote speakers. Mayor Castro welcomed the 350 plus participants at the event’s Keynote Lunch on the opening day, while Secretary Donovan addressed attendees during the Awards Luncheon held the final day of the conference.
Since 1969, NDC, one of the nation’s oldest non-profit community development organizations, has been committed to increasing the flow of capital to distressed urban and rural communities. NDC is mission-driven to create and implement community and economic development strategies that improve underserved communities and bring about catalytic change. To accomplish these goals, NDC offers a wide range of services, including technical assistance, professional training, small business financing, development expertise, and debt and equity for housing, commercial and community facilities projects.
Over the years, NDC has invested more than $450 million in equity for affordable housing and historic preservation projects, which has leveraged an additional $500 million of investments. “We are proud to have financed projects that include housing for families, seniors and people with special needs nationwide, creating more than 7,500 units of housing in 29 states and the Commonwealth of Puerto Rico,” said Robert W. Davenport, President of NDC.
Other winners of NDC Academy 2013 Awards:
Mountain View, Anchorage, AK, the redevelopment several projects in a low-income community, undertaken by the Anchorage Community Land Trust
Verde Gardens, one of the most innovative supportive housing projects in the country, which is a supportive housing community in Homestead, Florida for formerly homeless families and individuals with special needs, which includes a 22-acre on-site development including sixty 2 bedroom, 2 bathroom units located in Miami, Florida
Creative Financing category
I. Jerome and Rosemary Flance Early Childhood Education Center at Murphy Park, St. Louis, MO, a 23,800 square foot facility that serves a low-income community with 13 infant, toddler and preschool classrooms along with a wellness clinic
Nearly 80 projects were submitted by communities from across the country. Award winners were selected by their peers. For more details about the award winning projects, visit www.NDCAcademy2013.org
NDC Academy 2013 was sponsored by:
Citi Community Development, CohnReznick; BB&T; PNC ; Shallo, Galluscio, Bianchi & Fucito; Law Office of Mark D. Foster; SunTrust; Hillis Clark Martin & Peterson; Novogradac & Company; KeyBank; Applegate & Thorne-Thomsen; Arthur J. Gallagher & Co.; Pep; and Status Credit.
About The NDC Academy
The NDC Academy is a biennial conference of the National Development Council, which brings together economic and community development professionals from around the nation with policy makers, advocates and elected officials for high impact training, learning and networking.
About the National Development Council
For more than 40 years, the National Development Council has worked to create and implement economic and community development strategies that increase the flow of capital, establish finance programs and help to create a professional economic and community development workforce. NDC offers a wide range of services, including development assistance, professional training, small business financing and debt and equity for residential, commercial, public and non-profit facilities projects. To learn more, please visit www.nationaldevelopmentcouncil.org.
Follow NDC on Facebook: http://www.facebook.com/NationalDevelopmentCouncil