• detail image of project

    Expertise Cosmetology Institute is the first African American owned and operated school of cosmetology in Las Vegas, NV.

  • detail image of project

    CCDFI provided financing to construct an expanded school facility and develop a daycare center for the children of its students.

Expertise Cosmetology Institute

Expertise Cosmetology Institute (ECI) is the first African American owned and operated school of cosmetology in Las Vegas, NV. Located in a highly distressed area, ECI offers low-income students comprehensive training and assisted job placement after program completion.

Clearinghouse CDFI provided $4.5MM of New Markets Tax Credits allocation and a $2.5MM loan for ECI to construct an expanded school facility and develop a daycare center for the children of its students.

Clearinghouse CDFI also provided $234,000 in financing for ECI to establish the original full-service salon in 2013. This project will create 40 construction jobs and 22 full-time jobs, 50% of which will be to low-income individuals and accessible to local residents. Once complete, the school will serve over 160 students annually.

Download the PDF: Just Funded – Expertise Cosmetology Institute

Financing Provided:
$4.5MM of NMTC Allocation and $2.5MM in Financing
Location:
Las Vegas, NV
Impact:
- 160 students served annually
- 40 construction jobs
- 22 full-time jobs, 50% of which for low-income individuals & accessible to local residents
Purpose:
Construct an expanded school facility and develop a daycare center for the children of students

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