Mercy Corps World Headquarters

Location	Portland, Oregon	Construction Start Date	March 2008
NMTC Investment	$7.5 million	Total Project Cost	$25 million

Click on photo to see additional images of Mercy Corps World Headquarters

Mercy Corps is a non-profit with the mission of alleviating suffering, poverty and oppression by helping people build secure, productive and just communities. National New Markets Funds investment will enable the organization to relocate and consolidate its World Headquarters within a single location. This will improve operational efficiencies, free up wasted capital, and allow Mercy Corps better achieve its global initiatives and social mission.

The headquarters will house approximately 200 employees, generating significant community and economic benefits to one of Portland's most blighted and underserved communities.

Project attributes and Impacts
Unemployment Rate	51.7%
Poverty Rate	62.3%
Economic Output (Construction)	$2,240,028
Employment Construction	220
Employee Compensation (Construction)	6,096,713
Economic Output (Operation)	$10,959,403
Employement (Permanent Jobs)	200
Employee Compensation (Operation)	$6,612,380

The project includes the renovation of the historic Skidmore Fountain Building and new construction on an adjoining property. The 80,000 sq ft. project includes offices, a warehouse, parking, and a Museum-Learning Center, which are expected to attract 70,000 visitors per year. Mercy Corps aims to achieve a high level of environmental sustainability and is committed to achieving at a minimum, LEED Gold certification.

• Below market interest rates
• Higher than standard loan to value ratios
• Foundation grants
• Bond financing
• Federal historic tax credits