La’i’Opua 2020 Workforce Development
The La’i’Opua 2020 Workforce Development & Business Incubation Center (L2020) is the second phase of the Kaniohale Community Association, a native Hawaiian homeowners association in the Villages of La’i’Opua, to help address the economic stability and prosperity of the native Hawaiian community on the island of Hawaii. This 13,671 square foot building includes three workforce development classrooms, a business incubator, office space, a certified commercial kitchen, and community gathering space. The center offers professional training for certified nursing assistants, commercial driver’s licenses, carpentry and other construction trades.
Date Closed: March 20, 2017
Total Development Cost: $8 million
Allocation Amount: $5 million
NMTC Investor: Wells Fargo Community Development Enterprises, Inc.
NMTC Equity: $2.7 million
CDE Partner: Valued Growth Associates, LLC
Construction Status: Complete
Jobs: 8 permanent, 70 construction