Project Name: Goodwill's Green Works
6421 Lynch Road
Detroit, MI 48234
Project Details
New Markets Tax Credits
Affordable Units: N/A
Commercial Spaces: 94,000
94,000 Total Sq.Ft.
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Features
Description
Goodwill’s Green Works (GGW), a nonprofit industrial recycling subsidiary of Goodwill Industries of Greater Detroit, received $6.5 million in New Markets Tax Credit (NMTC) allocation from Michigan Community Capital (MCC). This allocation will be utilized for working capital/operating expenses and the purchase of equipment to support the growth of GGW’s sustainable appliance recycling social enterprise that occupies a 94,000 square-foot facility. ; Specifically, Goodwill’s Green Works will expand its transformer deconstruction and appliance recycling program operations while supporting the retention and creation of quality and accessible jobs in positions such as reclamation associate. The NMTC funding will also be a valuable resource to help Goodwill’s Green Works pursue new lines of business, including appliance repair, EPS recycling, and textile recycling.; Goodwill’s Green Works provides employment opportunities to “hard-to-employ” Detroit residents, particularly the formerly incarcerated and chronically unemployed. All permanent jobs will be eligible to receive comprehensive benefits including health insurance, life insurance, and a retirement plan.