King Street Center

Burlington,
VT
(2014)

King Street Center

Community, Daycare and Early Childhood, Youth and Families

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

Investment

NMTC Amount: $6,045,000
Total Project Cost: $6,045,000

IMPACT

4 FTE jobs
130 construction jobs
59 children served by the early childhood center.

CDEs

Evernorth Rural Ventures

Investor

US Bank

Project Description

Vermont Rural Ventures provided $6.2 million of its New Markets Tax Credit authority to double the size of the King Street Center and create efficient, bright, modern office, classroom, and play space. The new facility allows the King Street Center to expand and offer a fully licensed year-round Early Head Start program; create four new jobs; build a professional quality kitchen; improve adult language instruction, performing arts, computer access, art studio and gymnasium space; purchase essential equipment; and expand administrative office space.