Florida Community Loan Fund has provided $10 million in NMTC allocation for the SW Florida Regional Technology Hub in Fort Myers, Florida.

FCLF and SW Florida Regional Tech Hub NMTC Project

Florida Community Loan Fund recently closed its latest New Markets Tax Credit (NMTC) project: the $10 million Southwest Florida Regional Technology Hub, located in Ft. Myers, Florida.

The Tech Hub will renovate an historic train station building in midtown Fort Myers, offering rental space for up to 10 area companies with a focus on technology, community and economic development, and matching area residents to tech jobs.


"The Tech Hub project has brought together the City and the SW Florida Community Foundation in partnership to reach beyond the city center into historically underserved neighborhoods," said Nelson Black, FCLF Chief Lending Officer. "In addition to the new services and meeting space available to the community, financing through the NMTC Program will transform this historic train station building into an asset for the future."

FCLF and Tech Hub learn more

SW FL Tech Hub pdf download

The Tech Hub, upon completion, will provide:
  • 2 buildings and 21,000 square feet of office space and shared hot desks for up to 10 local businesses,
  • Creation or retention of 56 permanent and 282 construction jobs,
  • A state-of-the-art technology hub available to both residents and businesses,
  • Employment training and tech job matching for 200 annually,
  • Home ownership counseling for 300 annually.
Florida Community Loan Fund provided $10 million in NMTC allocation for the Southwest Florida Regional Technology Hub project. U.S. Bancorp Community Development Corporation is investor on the project. Whitney Hancock Bank provided additional financing. 

The New Markets Tax Credit, or NMTC, Program encourages economic development in distressed neighborhoods. To date, FCLF has been awarded $271 million in Federal NMTC allocation authority, financing high social impact projects totaling $470 million in project costs and providing 4,000 jobs in low-income census tracts.
Pictured above and below left, rendering of the Tech Hub upon completion.
​Below right, Fort Myers historic train station building prior to renovations. 

Tech Hub Rendering

Tech Hub Before Renovation

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FCLF provides financing and technical expertise to improve low income communities in areas such as safe, affordable housing ‒  homeless & special needs facilities ‒ education & healthcare facilities ‒ commercial & retail space to encourage new local businesses ‒ access to fresh, healthy foods. For 20+ years, FCLF has helped over organizations in Florida achieve success in their projects and missions. We look forward to continuing to build strong communities in Florida through NMTC and other projects that provide high impact in low-income areas. For more information, visit www.fclf.org.