Bellows Falls, Vermont - Vermont Rural Ventures provided a New Markets Tax Credit (NMTC) investment for the $22.2MM expansion of Chroma Technology Corporation. Vermont Rural Ventures' NMTC allocation provided $4,950,237 of equity for the expansion of the manufacturer of high performance optical filters. The investment is provided through Brattleboro Development Credit Corporation, the project sponsor, [...]
Read our latest article in Business Vermont about King Street Center. Planning for a new facility is doubly daunting for a nonprofit community organization. In addition to the fundraising and financing necessary for the construction, the nonprofit must create a plan to sustain operating costs for the new facility, knowing it cannot rely on increasing [...]
Commonwealth’s CEO on Wednesday announced yet another expansion of a facility that produces large quantities of the popular Green Mountain Creamery yogurt brand. New Markets Tax Credits were instrumental in a past expansion, and we're excited to see this growth continue. Read the story on VtDigger.org.
Vermont Business Magazine - The Brattleboro Development Credit Corporation (BDCC) has been notified of its selection for two Northeastern Economic Developers Association Awards. The GS Precision Expansion has been named Project of Year. Read article
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 a New Markets Tax Credit (NMTC) allocation, the CCV campus has fulfilled its vision as an anchor building and helped to attract other businesses downtown. Read article in Business Vermont
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 at the Montpelier campus. Vermont Rural Ventures, a U.S. Treasury-certified community development entity operated by Housing Vermont, also helped by allocating federal tax credits to finance the Crowley Center’s construction [...]
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 will have limited access on June 23 and 24. Our location may be changing, but our commitment to supporting Vermont communities continues.
VTDigger – Vermont College of Fine Arts (VCFA), a national center for graduate arts education located in Montpelier, Vt., has announced the creation of the Artists Development Fund for emerging artists. VCFA has launched the fund with a $1 million gift from the Martin Foundation. http://vtdigger.org/2016/05/13/vermont-college-of-fine-arts-launches-new-artists-development-fund-with-1-million-gift/
Caledonain-Record - Northeastern Vermont Regional Hospital recently received a generous pledge from WEIDMANN Electrical Technology, Inc. to support the hospital’s “Building a Healthy Future, Together” capital campaign. Zach Hatch, WEIDMANN’s Head of Production for the Americas, shared, “Many within WEIDMANN rely on the services provided by NVRH and we are proud to support the hospital [...]
VTDigger — G.S. Precision is partnering with Community College of Vermont to offer a Certified Production Technician (CPT) course in Brattleboro, beginning May 18. This course is the first step in establishing a manufacturing pathway to help G.S. Precision close a skills gap at its Brattleboro facility, and to help workers receive the necessary training to [...]