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.

MAP

Address: 87 King Street, Burlington, VT 5401

Census Tract: 53033009300

Other Vermont Projects

Black River Produce

North Springfield,
VT
(2014)

Business Development, Food Manufacturing, Manufacturing, Restaurants and Catering, Retail and Commercial, Rural

CDE(s): Evernorth Rural Ventures

Vermont Rural Ventures provided a key piece of financing for Black River Produce's expansion into the distribution of locally raised meats.

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.

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.

Brooks House

Brattleboro,
VT
(2011)

Affordable Housing, Historic Rehabilitation, Housing, Mixed-use, Restaurants and Catering, Retail, Retail and Commercial, Rural

CDE(s): Evernorth Rural Ventures, MHIC

Financing to redevelop and restore the historic circa 1871 Brooks House, a mixed-use commercial building located in the heart of Brattleboro’s downtown.