CDE: Mascoma Community Development

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

East Jordan Foundry

Elmira,
MI
(2017)

Business Development, Manufacturing, Rural

CDE(s): Cinnaire New Markets, CRFUSA, Mascoma Community Development, PNC

Financing for the acquisition and installation of equipment for a metal casting facility, East Jordan Iron Works.

Bongards, Perham (MN)

Perham,
MN
(2024)

Business Development, Manufacturing

CDE(s): Dudley Ventures, Mascoma Community Development, National New Markets Fund, Rural Development Partners, Waveland Community Development

New Markets Tax Credit financing for equipment toward the expansion of a cheese and whey processing facility in Perham, Minnesota.

GreenSource Fabrication receives $10M in new markets tax credit from Mascoma Community Development

Business Development, Manufacturing

CDE(s): Mascoma Community Development

Construction of new manufacturing facility

Weidmann Electrical Technology, Inc (2024)

St. Johnsbury,
VT
(2024)

Business Development, Manufacturing

CDE(s): Evernorth Rural Ventures, Mascoma Community Development, MHIC, Mid-City Community CDE, USBCDE

The construction of a 24,338 sq. ft. manufacturing facility and the acquisition of new machinery for WETI, a global leader in electrical insulation for transformer manufacturers and transformer users.

Premium Peanut Santee

Santee,
SC
(2024)

Manufacturing

CDE(s): CEI Capital Management, Hampton Roads Ventures, Innovate Fund, Mascoma Community Development, Truist

Construction of a new 125,000 ton peanut shelling facility in a non-metropolitan, severely distressed census tract in Santee, SC.

Premium Peanut

Manufacturing

CDE(s): CEI Capital Management, Hampton Roads Ventures, Innovate Fund, Mascoma Community Development, Truist

Construction of a new 125,000 ton peanut shelling facility in a non-metropolitan, severely distressed census tract in Santee, SC.

Climate by Design International, Inc.

Owatonna,
MN
(2022)

Manufacturing

CDE(s): Mascoma Community Development, Midwest Minnesota CDC, University Financial Corp.

The acquisition of land and new construction of a 200,000 sq. ft. manufacturing and warehouse facility

APG Manufacturing

Defiance,
OH
(2023)

Manufacturing

CDE(s): Finance Fund, Mascoma Community Development

APG Manufacturing is a company that manfactures plastic dispensers and pumps used in the consumer health and beauty industries. The APG Manufacturing facility is 80,000 sq. ft. advanced manufacturing facility

Packing House Phase II, 411 Kitchen

Cambridge,
MD
(2023)

Incubator, Manufacturing

CDE(s): Mascoma Community Development, National Trust Community Investment Corporation, NeighborGood Partners, The Reinvestment Fund, USBCDE

Phase 2 of the restoration of the Phillips Packing House, a historic factory on Maryland's Eastern Shore that is now be a state-of-the-art LEED Gold hub of innovation and workforce

KAMP Automation

Owatonna,
MN
(2023)

Manufacturing

CDE(s): Mascoma Community Development

The project consisted of the refinance and acquisition of land, which KAB Properties purchased from the City of Owatonna in February 2023, and finance building construction costs for an approximately

80 Exchange, LLC.

Portland,
ME
(2018)

Mixed-use, Restaurants and Catering, Retail

CDE(s): Mascoma Community Development

NMTC financing totaling $2,000,000 to was used to improve a 13,087 sq. ft. commercial building located at 80 Exchange Street in Portland, ME. Tenants consist of various restaurants, retail and

The Packing House

Cambridge,
MD
(2021)

Community, Mixed-use

CDE(s): Mascoma Community Development, NeighborGood Partners, The Reinvestment Fund

The project consists of the rehabilitation of the 60,500 sq. foot historic Phillips Packing Company, Factory F into a mixed-use technology hub within a non-metropolitan, severely distressed tract in Cambridge,

APackaging Group

Defiance,
OH
(2023)

Business Development, Manufacturing

CDE(s): Fort Wayne New Markets Revitalization Fund, Mascoma Community Development, PNC

APackaging Group Receives New Markets Tax Credits to expand its facility, create quality jobs, and make a positive environmental impact.

Tropical Products

Salem,
MA
(2022)

Manufacturing

CDE(s): Mascoma Community Development

The acquisition and construction of a 2-story, 99,724 sq. ft. manufacturing and warehouse facility creates jobs in Salem.

CDI receives $10M in New Markets Tax Credit for new facility

CDE(s): Mascoma Community Development

Mascoma Community Development (MCD) is pleased to announce the closing of $10 million in New Markets Tax Credit (NMTC) allocation to finance the…

Grappone Automotive

Concord,
NH
(2022)

Automotive, Business Development, College or Vocational Training, Community, Retail, Retail and Commercial, Vocational Training

CDE(s): Mascoma Community Development

Automotive company to move Mazda dealership to Concord and expand employee training, community outreach efforts

Grappone receives $18 million in New Markets Tax Credits to build new facility

Automotive, Business Development, College or Vocational Training, Community, Retail, Retail and Commercial, Vocational Training

CDE(s): Mascoma Community Development

Automotive company to move Mazda dealership to Concord and expand employee training, community outreach efforts

NMTC Helps Fund a New Facility for Tropical Products

Business Development

CDE(s): Mascoma Community Development

$20 million NMTC allocation to finance the construction of a new manufacturing and warehouse facility for Tropical Products Inc.’s water-based personal care, home care, and pet care products in Salem,

Jake’s ONC LLC

Burlington,
VT
(2019)

Grocery and Fresh Food, Mixed-use and Commercial, Retail

CDE(s): Mascoma Community Development

The acquisition of equipment, tenant buildout of 6,000 retail space and working capital to bring a locally owned grocery store to Burlington’s Old North End, a distressed community.

Go Lab

Madison,
ME
(2021)

Business Development, Incubator

CDE(s): Mascoma Community Development, MHIC

A New Markets Tax Credit transaction funds construction of a wood-fiber insulation factory at the former UPM paper mill in Madison.

Keene Public Library Expansion

Keene,
NH
(2018)

Business Development, Machine Shops and Metal Fabrication, Manufacturing, Rural

CDE(s): Mascoma Community Development

The Keene Public Library's $13M expansion project connected the main library to a neighboring annex building.

The Center for Nursing and Rehabilitation

Hoosick Falls,
NY
(2017)

Community, Healthcare

CDE(s): Mascoma Community Development

The purchase and improvement of real estate that is leased to a hospital as a medical office building, bringing accessible health care to a rural community. Financing was provided by

Putnam Block

Bennington,
VT
(2019)

Adult Education, Affordable Housing, College or Vocational Training, Community, FQHCs, Healthcare, Historic Rehabilitation, Housing, Mixed-use, Restaurants and Catering, Retail, Retail and Commercial, Rural, Vocational Training

CDE(s): Evernorth Rural Ventures, Mascoma Community Development, Mid-City Community CDE

The renovation of 3 historic buildings in downtown Bennington, VT.

Mascoma Closes $900,000 NMTC Expand Local Grocery Access Burlington’s Old North

Grocery and Fresh Food, Mixed-use and Commercial, Retail

CDE(s): Mascoma Community Development

The acquisition of equipment, tenant buildout of 6,000 retail space and working capital to bring a locally owned grocery store to Burlington’s Old North End, a distressed community.