In October 2014, CDF provided $6 million in New Markets Tax Credit financing to SCR Medical Transportation, Inc., a minority-owned paratransit provider that serves people with physical and mental disabilities and elderly residents of Chicago’s South Side and surrounding communities. CDF financing supported a three-part expansion of SCR’s existing campus. The project includes renovation of a 47,000 square foot office, vehicle maintenance, and indoor parking facility, rehabilitation of a 17,000 square foot building for use as a call center, and the development of a secured parking area.
These new facilities are projected to allow SCR to create an additional 434 full-time equivalent and 217 part-time permanent positions and an estimated 135 temporary construction jobs at stabilization. All full-time positions include a comprehensive benefits package and many are accessible to ex-offenders, those without a college education, and individuals requiring significant training. It is estimated that 75% of SCR’s employees are low-income community residents. In addition to these significant employment impacts, the project increased the number of rides SCR is able to provide, supported MBE firms in the construction phase, and improved SCR’s energy efficiency.
The call center renovation and parking lot construction components of this project are currently complete and in use.