INDIANAPOLIS–(BUSINESS WIRE)–Monarch Private Capital (MPC), a nationally recognised tax-advantaged
investment firm which develops, finances and manages a diversified
portfolio of projects that generate federal and state tax credits, has
partnered with Anthem, Inc., one of the nation’s leading health benefits
companies, to provide capital for the National Women’s Hall of Fame. The
investment won't only help preserve a historic mill. It'll also
create a new home for the outstanding achievements of American women who
have changed history and enrich the local community and its residents
with the Hall’s educational programs and special events and exhibits.
The project involves the transformation of the historic Seneca Knitting
Mill originally built in 1844 on the south shore of the Cayuga-Seneca
Canal. The mill ran continuously for 155 years until it closed in 1999.
The rehabilitation creates a permanent home for the Hall in a
state-of-the-art centre to showcase the stories of 276 great American
women currently inducted into the Hall of Fame. Creating a deeper sense
of belonging and community for the Hall are the building’s original
founders–trustees Jacob Chamberlain and Charles Hoskins–who were
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entrenched in abolition and women’s rights.
“We appreciate our partnership with Anthem and the collaboration with
the National Women’s Hall of Fame to bring the Seneca Knitting Mill back
to life,” said Rick Chukas, MPC’s Managing Director of Federal Historic
Tax Credits. “We congratulate the Hall for not only preserving a
historic landmark. For transforming it into a property that'll
play a prominent role in preserving the stories of innovative women who
have impacted American history.”
“At Anthem we're committed to improving the lives and communities in
which we live and work each and every day. As a leading healthcare
organisation where 74 percent of our associates are women, we recognise
the many contributions women have made in our industry,” said Gail K.
Boudreaux, President and CEO at Anthem. “Our investment in the
rehabilitation of the National Women’s Hall of Fame is an opportunity to
provide the local community and the country with a new and improved
venue that'll beautifully showcase the historical contributions and
pioneering efforts women across all industries have made. Serve as a
place for continued inspiration and motivation for generations to come.”
“Bringing the National Women’s Hall of Fame to the historic Seneca
Knitting Mill wouldn't have been financially feasible without historic
tax credits,” said Betty Bayer, President, National Women’s Hall of Fame
and Professor, Women’s Studies, Hobart and William Smith Colleges. “The
cost of rehabilitating a historic building like the mill is
significantly higher than building a new structure. The mill will
create the feel of coming home to history.”
Rehabilitation of the Hall completed Phase 1 in December 2018 with Phase
2 expected to be complete sometime in 2020.
For more information on the National Women’s Hall of Fame please
About Monarch Private Capital
Monarch Private Capital positively impacts communities by investing in
tax credit supported industries. The company is a nationally recognised
tax equity investor providing innovative capital solutions for
affordable housing, historic rehabilitations, renewable energy, film and
other qualified projects. Monarch has long term relationships with
institutional and individual investors, developers. Lenders that
participate in these types of federal and state programs. Headquartered
in Atlanta, Monarch has offices and tax credit professionals located
throughout the U.S. For more information about MPC’s programs and
services, please visit www.monarchprivate.com.
About Anthem, Inc.
Anthem is a leading health benefits company dedicated to improving lives
and communities. Making healthcare simpler. Through its affiliated
companies, Anthem serves more than 74 million people, including nearly
40 million within its family of health plans. We aim to be the most
innovative, valuable and inclusive partner. For more information, please
or follow @AnthemInc on Twitter.