Becca Balint (D-VT00)

Tax Staffer: Kate Gorud, kate.gorud@mail.house.gov.

District Highlights

29 projects
374,452,652 in NMTC allocation
425,499,167 total project financing
2,000 FTE jobs created or retained
1,689 construction jobs created
9 manufacturing businesses

29

projects

$374,452,652

NMTC Allocation

$425,499,167

in total project financing

2,000

FTE jobs

1,689

construction jobs

9

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

King Street Center

Burlington,
VT
(2014)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): Evernorth Rural Ventures

New Markets Tax Credit financing to double the size of the King Street Center and create efficient, bright, modern office, classroom, and play space.

Champlain Housing Trust

Winooski,
VT
(2021)

Affordable Housing

CDE(s): Housing Partnership Network

CHT used its $8M allocation to build 20 condominiums in downtown Winooski, VT at the request of the city, driven by growing resident concern about gentrification.

Old North End Community Center

Burlington,
VT
(2019)

Community, Daycare and Early Childhood, Mixed-use, Nonprofit Hub, Recreation, Youth and Families

CDE(s): Evernorth Rural Ventures

This project involved the renovation of the old St. Joseph's school for the community center.

Groundworks Collaborative

Brattleboro,
VT
(2020)

Community, Daycare and Early Childhood, Healthcare, Housing, Mixed-use, Nonprofit Hub, Rural, Shelters and Community Food, Youth and Families

CDE(s): MHIC

Project to finance the development of Groundworks Collaborative’s new permanent campus in Brattleboro, VT.

Greater Burlington YMCA

Burlington,
VT
(2018)

Community, Daycare and Early Childhood, Healthcare, Recreation, YMCAs and YWCAs, Youth and Families

CDE(s): Evernorth Rural Ventures, MHIC, USBCDE

New Y offers Burlington residents first-class fitness, wellness, aquatic, and child care experiences.

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.

Yellow Barn, Hardwick, VT

Hardwick,
VT
(2023)

Incubator

CDE(s): Evernorth Rural Ventures, MHIC

The core mission of the project is to strengthen the regional farm- and food-based economy by supporting the growth of agricultural businesses, promoting development of new products, and increasing export

Enosburg Health Center

Enosburg Falls,
VT
(2013)

Community, FQHCs

CDE(s): Evernorth Rural Ventures

New construction of a community health center

Weidmann Technology

Saint Johnsbury,
VT
(2010)

Business Development, Manufacturing, Rural

CDE(s): Evernorth Rural Ventures, Grow America, MHIC

Electrical Insulation Manufacturer: A project involved 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

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.