VBSR: Where’s the Dough?

Utilizing New Markets Tax Credits Investment Capital for Economic and Social Change in Vermont
Over the past 5 years, more than $79 million of capital has been placed in Vermont downtowns, manufacturers, nonprofits, and value-added food and farm sectors. Businesses and nonprofit organizations will learn the basics of utilizing New Markets Tax Credits (NMTC), which lower the cost of capital for important infrastructure, expansion, machinery/equipment, and/or acquisition projects. NMTC have been utilized for projects such as Black River Produce’s recent expansion, redevelopment of vacant/contaminated downtown buildings, and development of CCV’s new academic facility in downtown Rutland. Vermont Rural Ventures – which administers the NMTC program in Vermont – will lead the workshop and provide participants with an overview of how the credits work, the types of projects funded in VT, and explore the benefits and risks of utilizing NMTC.