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New Markets Tax Credit Allocation Recipient First Choice Market Project Name: First Choice Market Louisville, KY Description Construction of full-service grocery store of project: and Asian “fast casual” restaurant Total Project Cost: $4,183,117 NMTC Investment: $4,183,117 NMTC Structure: Leveraged model Investors: City of Louisville US Bancorp Community Development Corporation Developers: Endeavour Corporation, Milwaukee, WI Robert Holmes, Jr., Louisville, KY Community New Construction of 21,400 sq. ft. Impacts: Created 23 new permanent jobs, adding $675,000 annually to local wage base Provides healthy food alternative in a food desert