Vermont Stories and Impact

State Fact Sheet

Note: the jobs totals in this fact sheet are through 2015 and they include a combination of direct, indirect, and induced FTE jobs and construction jobs. The “total investment” number refers to the total project investment (not NMTC allocation) in the state through the second quarter of 2020.

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.

Community Testimonials​

Brendan Leonard, CFO, Greater Burlington YMCA, Burlington, VT

The NMTC program was critical to our success in building a new YMCA building to serve our community. Our new building, which will open Jan 1, 2020, will enable us to serve our community much better, supporting a variety of programs and serving many more members than we could before. The NMTC program allowed us to build our new facility. Our new facility will enable us to survive as an organization.

Vermont NMTC Videos

Vermont NMTC Stories

2020

Brattleboro, VT 

Project to finance the development of Groundworks Collaborative’s new permanent campus in Brattleboro, VT. Groundworks provides essential shelter and supportive services, including housing case…
2007

Richford, VT 

The redevelopment of a historic mill building located on Main Street in the center of the Village of Richford, Vermont….
2014

North Springfield, VT 

Vermont Rural Ventures provided a key piece of financing for Black River Produce’s expansion into the distribution of locally raised meats….
2011
Vermont Rural Ventures awarded a portion of its allocation of federal New Markets Tax Credits to provide a financing to Laraway Youth and Family…
2019
This project involved the renovation of the old St. Joseph’s school for the community center. …
2014

Burlington, VT 

Vermont Rural Ventures provided $6.2 million of its New Markets Tax Credit authority to double the size of the King Street Center and create…
2018

Burlington, VT 

New Y offers Burlington residents first-class fitness, wellness, aquatic, and child care experiences….
2015

Brattleboro, VT 

Brattleboro Development Credit Corporation, the project sponsor, will acquire G.S….
2010

Brattleboro, VT 

2011

Brattleboro, VT 

Financing to redevelop and restore the historic circa 1871 Brooks House, a mixed-use commercial building located in the heart of Brattleboro’s downtown….
2017

Bellow Falls, VT 

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