New Markets Tax Credit Coalition

Search

MedRhythms, Inc.

Investment

  • NMTC Amount: $1,249,993
  • Total Project Cost: $13,484,421

IMPACT

  • 67 FTE jobs
  • 20 jobs created and 47 jobs retained.

Investor

Project Description

MedRhythms, Inc. (“MedRhythms”) is a digital therapeutics company using sensors, software, and music to deliver Auditory-Motor Entrainment (“AME”) therapy to chronic stroke survivors. Rhythmic auditory stimulation unconsciously synchronizes with the motor system, leading to improvements in walking speed, gait symmetry, and fall risk, ultimately improving independence and quality of life for patients. This project supported MedRhythm’s ongoing research, development, and product commercialization efforts and provided working capital.

MAP

Address: 183 Middle Street, Suite 300, Portland, ME 4101

Census Tract: 23005000300

Other Maine Projects

New Markets Tax Credit Investment to Expand Penobscot Community Health Care’s Seaport Community Health Center
NMTC investments raise the profile of rural Maine as a premier, nature-based tourism destination.
The tissue production facility has created 80 direct, full-time jobs, while preserving the 320 jobs at the Woodland Pulp facility.
NTMC financing funded Educare Central Maine, the first Educare site in New England.