New Markets Tax Credit Coalition

  • Portland,
  • ME
  • (2021)

MedRhythms, Inc.

District: Chellie Pingree (D-ME01)

Investment

  • NMTC Amount: $3,974,956
  • Total Project Cost: $24,974,956

IMPACT

  • 18 FTE jobs
  • Jobs must exceed 1.2X the living wage in the region and offer quality benefits, which include, but not limited to medical insurance, paid time off, and wealth creation options.

CDEs

,

Investor

Project Description

MedRhythms is the developer of a digital therapeutics platform to deliver rhythmic auditory stimulation therapy to chronic stroke survivors. While RAS therapy typically takes place in a clinical setting, MedRhythms’s product will provide the same experience in the patient’s home. This project provided the Company with working capital to continue MedRhythm’s growth in Maine.

External Profile

MAP

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

Census Tract: 23005000300

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