New Markets Tax Credit Coalition

Vets Choice

Investment

  • NMTC Amount: $10,000,000
  • Total Project Cost: $10,000,000

IMPACT

  • 245 FTE jobs
  • 170,000 sq. ft. of real estate

Investor

Project Description

Financed hip, modern offices of Vets First Choice on Commercial Street in Portland. The company provides pharmacy services for animal care at its 170,000 sq. ft. headquarters.

MAP

Address: 7 Custom House Street, Portland, ME 4101

Census Tract: 23005000500

Other Maine Projects

The wood industry is one of the largest employers in the state of Maine accounting for approximately 19,000 jobs.
A New Markets Tax Credit transaction funds construction of a wood-fiber insulation factory at the former UPM paper mill in Madison.
The purchase and installment of medical manufacturing equipment at US processing facility of Mölnlycke, a Swedish-owned wound-care manufacturing, eliminating need to ship product overseas for conversion.
NMTC investments raise the profile of rural Maine as a premier, nature-based tourism destination.