New Markets Tax Credit Coalition

  • Portland,
  • ME
  • (2023)

MedRhythms, Inc.

District: Chellie Pingree (D-ME01)

Investment

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

IMPACT

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

CDEs

,

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

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