Vermont Data and Stories

State Fact Sheet

Map of Selected Projects in Vermont

Community Testimonials

Today, we celebrate the kickoff of this historic project that will revitalize downtown Bennington. We also celebrate the extraordinary efforts of the community leaders who brought their vision to life in the face of countless obstacles along the way. I am particularly pleased that the federal New Markets Tax Credit played a vital role in this vibrant project and look forward to returning to celebrate its completion.

-Representative (now Senator) Peter Welch, Vermont

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

Champlain Housing Trust

Winooski,
VT
(2021)

Affordable Housing

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.

Groundworks Collaborative

Brattleboro,
VT
(2020)

Community, Daycare and Early Childhood, Healthcare, 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.

Old North End Community Center

Burlington,
VT
(2019)

Community, 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.

Putnam Block

Bennington,
VT
(2019)

Adult Education, Affordable Housing, College or Vocational Training, Community, FQHCs, Healthcare, Historic Rehabilitation, Housing, Mixed-use, Restaurants and Catering, Retail, Retail and Commercial, Rural, Vocational Training

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

The renovation of 3 historic buildings in downtown Bennington, VT.

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.

Greater Burlington YMCA

Burlington,
VT
(2018)

Community, Daycare and Early Childhood, Healthcare, Recreation, YMCAs and YWCAs, Youth and Families

CDE(s): Evernorth Rural Ventures, MHIC, USBCDE

New Y offers Burlington residents first-class fitness, wellness, aquatic, and child care experiences.

Chroma Technologies

Bellow Falls,
VT
(2017)

Business Development, Manufacturing, Rural

CDE(s): Evernorth Rural Ventures, MHIC

NMTC financing ensures long-term financial viability of New England manufacturing firm

GS Precision

Brattleboro,
VT
(2015)

Business Development, Manufacturing, Rural

CDE(s): Evernorth Rural Ventures, MHIC

Brattleboro Development Credit Corporation, the project sponsor, will acquire G.S.

King Street Center

Burlington,
VT
(2014)

Community, Daycare and Early Childhood, 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.

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.

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