Vermont Data and Stories

State Fact Sheet

Map of Selected Projects in Vermont

Community Testimonials

Without the NMTC program several high impact projects in our very rural part of the country simply would not have happened. These projects have improved access to healthcare, created good paying jobs, revitalized derelict properties, and improved economic opportunity in disadvantaged communities.

-Peter Corey, Northern Community Investment Corporation, St. Johnsbury, VT

Selected Projects in Vermont

Weidmann Electrical Technology, Inc (2024)

St. Johnsbury,
VT
(2024)

Business Development, Manufacturing

CDE(s): Evernorth Rural Ventures, Mascoma Community Development, MHIC, Mid-City Community CDE, USBCDE

The construction of a 24,338 sq. ft. manufacturing facility and the acquisition of new machinery for WETI, a global leader in electrical insulation for transformer manufacturers and transformer users.

Yellow Barn, Hardwick, VT

Hardwick,
VT
(2023)

Incubator

CDE(s): Evernorth Rural Ventures, MHIC

The core mission of the project is to strengthen the regional farm- and food-based economy by supporting the growth of agricultural businesses, promoting development of new products, and increasing export

Enosburg Health Center

Enosburg Falls,
VT
(2013)

Community, FQHCs

CDE(s): Evernorth Rural Ventures

New construction of a community health center

Champlain Housing Trust

Winooski,
VT
(2021)

Affordable Housing, Community Center

CDE(s): Housing Partnership Network

CHT used its $8M allocation to build 20 condominiums in downtown Winooski, VT at the request of the city, driven by growing resident concern about gentrification.

Weidmann Technology

Saint Johnsbury,
VT
(2010)

Business Development, Manufacturing, Rural

CDE(s): Evernorth Rural Ventures, Grow America, MHIC

Electrical Insulation Manufacturer: A project involved the construction of a 24,338 sq. ft. manufacturing facility and the acquisition of new machinery for WETI, a global leader in electrical insulation for

Jake’s ONC LLC

Burlington,
VT
(2019)

Grocery and Fresh Food, Mixed-use and Commercial, Retail

CDE(s): Mascoma Community Development

The acquisition of equipment, tenant buildout of 6,000 retail space and working capital to bring a locally owned grocery store to Burlington’s Old North End, a distressed community.

Groundworks Collaborative

Brattleboro,
VT
(2020)

Community, Daycare and Early Childhood, Food Bank or Pantry, Healthcare, HFFI, Homeless Services, Homeless Shelter, 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.

Main Street Mill

Richford,
VT
(2007)

Behavioral Health, Community, Healthcare, HFFI, Historic Rehabilitation, Mixed-use

CDE(s): CEI Capital Management

The redevelopment of a historic mill building located on Main Street in the center of the Village of Richford, Vermont.

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.

Laraway Youth & Family Services

Johnson,
VT
(2011)

Community, Daycare and Early Childhood, Rural, Youth and Families

CDE(s): Evernorth Rural Ventures

Financing to Laraway Youth and Family Services for its new, 39-acre campus in Johnson.

Old North End Community Center

Burlington,
VT
(2019)

Community, Community Center, Daycare and Early Childhood, Mixed-use, Nonprofit Hub, Recreation, Youth and Families

CDE(s): Evernorth Rural Ventures

This project involved the renovation of the old St. Joseph's school for the community center.

King Street Center

Burlington,
VT
(2014)

Community, Daycare and Early Childhood, Head Start, 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.

Site visits and recent news related to Vermont NMTC Projects

(Former) Congressman (Now Senator) Welch Attends Putnam Block Groundbreaking

Conversion of historic buildings into a mixed-use commercial space that includes a health clinic, social service healthcare providers, a local bookshop, café, restaurant, potter, office space, and retail space tailored to support a local grocer.

Learn more...

Aug-2019

GreenSource Fabrication receives $10M in new markets tax credit from Mascoma Community Development

March 3, 2025

Construction Continues on Groundworks’ Collaborative Building Project on South Main Street

January 15, 2021

Mascoma Closes $900,000 NMTC Expand Local Grocery Access Burlington’s Old North

May 2, 2020