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

Financing for the acquisition and installation of equipment for a metal casting facility, East Jordan Iron Works.
New Markets Tax Credit financing for equipment toward the expansion of a cheese and whey processing facility in Perham, Minnesota.
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.
Construction of a new 125,000 ton peanut shelling facility in a non-metropolitan, severely distressed census tract in Santee, SC.
Construction of a new 125,000 ton peanut shelling facility in a non-metropolitan, severely distressed census tract in Santee, SC.
The acquisition of land and new construction of a 200,000 sq. ft. manufacturing and warehouse facility

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

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

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

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 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 Receives New Markets Tax Credits to expand its facility, create quality jobs, and make a positive environmental impact.
The acquisition and construction of a 2-story, 99,724 sq. ft. manufacturing and warehouse facility creates jobs in Salem.

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

Automotive company to move Mazda dealership to Concord and expand employee training, community outreach efforts
Automotive company to move Mazda dealership to Concord and expand employee training, community outreach efforts
$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,
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.
A New Markets Tax Credit transaction funds construction of a wood-fiber insulation factory at the former UPM paper mill in Madison.
The Keene Public Library's $13M expansion project connected the main library to a neighboring annex building.
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
The renovation of 3 historic buildings in downtown Bennington, VT.
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.