King Street Center

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.

Investor

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.

MAP

Address: 87 King Street, Burlington, VT 5401

Census Tract: 53033009300

Other Vermont Projects

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.
New Markets Tax Credit financing to double the size of the King Street Center and create efficient, bright, modern office, classroom, and play space.
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
The Brattleboro Commonwealth Dairy plant facility expansion project.