Vermont Rural Ventures has expanded its service area to provide New Markets Tax Credit (NMTC) financing to qualified business and nonprofit organizations in areas along the borders of Vermont. The expanded VRV service areas include: Vermont: Statewide New Hampshire: Cheshire, Sullivan, Grafton, and Coos Counties Massachusetts: Berkshire, Franklin, Hampshire, and Hampden Counties New York: [...]
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 Credit (NMTC) Coalition, representing 150 finance and community development experts and practitioners nationwide, released a report today detailing an unprecedented level of private investment in rural communities around the United [...]
Serving Life Lessons with Lemonade It’s all a part of The Teen Futures Program at the King Street Center. The non-profit organization in Burlington works to provide children core life-building skills necessary for a healthy and productive future. Teen Futures focuses specifically on providing middle and high school youth with the opportunity to learn new [...]
Vermont Business Magazine - Workers’ compensation specialist The MEMIC Group presented awards for workplace safety. "Their proactive approach to safety plays a significant role in reducing injuries,” says MEMIC Safety Management Consultant Jeremiah LaCross. [read more]
Vermont Rural Ventures provided a New Markets Tax Credit (NMTC) investment for the $22.2MM expansion of Chroma Technology Corporation in Bellows Falls.
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 [...]