About New Markets Tax Credits and Vermont Rural Ventures

Vermont Rural Ventures NMTC project BarreCity_394x300 The U.S. Treasury’s New Markets Tax Credit program (NMTC), which began in 2000, is designed to spur economic development activity in economically disadvantaged communities throughout the country. These low-income communities often have good, viable business and economic development opportunities, but have no access to capital. The NMTC addresses this capital gap by providing the incentive of a Federal tax credit to individuals or corporations that invest in a Community Development Entity (CDE).

Vermont Rural Ventures (VRV) is a qualified CDE operated by Housing Vermont. VRV uses NMTC resources to support investment in the economic, environmental, and social well-being of Vermont communities. NMTC funds are used to retain and create jobs and essential goods and services for Vermonters by financing key community developments in downtown and village centers and in other concerted community efforts that demonstrate positive impacts on Vermont’s economic, health care, energy and food systems.

Now accpeting NMTC projects!

New Markets Checklist

Criteria for NMTC Projects

  1. Project is located in a Qualified Low-Income Census Tract
  2. Project has high community impact
  3. Total project cost exceeds $3.0 million
  4. At least 20% of income from the completed project will come from commercial use (nonresidential)

VRV News

  • GS Precision groundbreaking December 28, 2015

Brattleboro Development Credit Corporation (BDCC) wins award for GS Precision expansion

Vermont Business Magazine - The Brattleboro Development Credit Corporation (BDCC) has been notified of its selection for two Northeastern Economic Developers Association Awards. The GS [...]

CCV downtown Rutland: Business Vermont

Read our article in Business Vermont on DEW Construction Corp.'s Rutland project housing Community College of Vermont (CCV). Financed in part by Vermont Rural Ventures using [...]

  • Vermont College of Fine Arts ribbon cutting ceremony Crowley Building

Vermont College of Fine Arts Cuts Ribbon on New Building

VtDigger - Faculty, students and alumni of Vermont College of Fine Arts celebrated the career of its new alumni center’s namesake at a ribbon-cutting ceremony Monday [...]

  • Vermont Rural Ventures is moving

We’re Moving

Vermont Rural Ventures is moving to 100 Bank Street, Ste 400, Burlington, Vermont. Our telephone numbers and email remain the same, however email and phones [...]