Vermont Rural Ventures

Vermont Rural Ventures
Vermont Rural Ventures 2016-10-31T14:47:19+00:00
Manlufacturers
NONPROFITS
Developers

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


Vermont Rural Ventures Expands Service Area

Vermont Rural Ventures has expanded its service area to provide New Markets Tax Credit (NMTC) financing to qualified business and nonprofit organizations in areas [...]

  • NMTC Coalition report Rural 2017

NEW MARKETS TAX CREDIT IS A BIG DEAL

New Markets Tax Credit Coalition Report Highlights Data on NMTC Impact on Jobs and Investment in Rural Communities JULY 25,2017–WASHINGTON, D.C. –The New Markets Tax [...]

King Street Center in the News

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New Hampton Inn by Hilton Opens in St. Albans

St. Albans, Vermont - The new Hampton Inn by Hilton located in the heart of downtown St Albans opened with a ribbon-cutting June 2nd, 2017, the [...]