Loan at a Glance:
PCG’s $6,400,000 and Sunrise Bank’s $3,600,000 NMTC allocations supported Juxtaposition Arts, Inc.’s (JXTA) Campus Expansion. Project funding and support also included a $2,863,360 Sunrise Banks bridge loan, a $1,500,000 McKnight grant, a $150,000 grant and the NMTC investment from U.S. Bancorp Community Development Corporation, and strong local government support and funding, including from Minneapolis and Department of Employment & Economic Development
Project Summary:
The JXTA Campus Expansion includes real estate acquisition; renovation of two existing buildings; construction of one new building; and the development of a public space that will connect the expanded campus. The new campus will house program spaces, artist workspaces, community gathering spaces, an archive, and a gallery/retail space to sell products created by JXTA students and staff
Borrower Summary:
Founded in 1995, JXTA, a BIPOC controlled and led North Minneapolis youth and community development social enterprise, revitalizes local
and regional economies by training youth in the creative workforce so that they become dynamic problem solvers with skills and connections
to accomplish their life goals and positively impact their communities. JXTA’s programs are grounded in a unique, replicable model that is
based on art making, art history, art interpretation and critique, and art exhibitions and sales. Students practice art in a real-world atmosphere,
serving real clients and growing from learners to apprentices, entrepreneurs, and teachers. Over 95% of participants are either low-income or
from a low-income community; over 75% of participants are BIPOC; and nearly 100% of youth who are involved at JXTA for at least two years
graduate high school.
Loan Result:
The campus increases JXTA’s capacity to be a professional development resource and creative hub in the Twin Cities and Upper Midwest for locally, nationally, and internationally recognized artists and designers of color.