Vermont Rural Ventures through June 2017 has raised more than $47 million in new capital through the New Markets Tax Credit (NMTC) program to support 15 projects in Vermont and neighboring areas, creating 559 new jobs and retaining 1,332 existing jobs.
NMTC funds are used to retain and create jobs and essential services by financing key community developments in downtowns and village centers and in other concerted efforts that demonstrate positive community impacts. Using New Markets Tax Credits, these investments provided $47,693,516 of equity to 15 projects, allowing expansion and job growth. Vermont Business Magazine ran the story first.
For more information visit: http://vermontruralventures.com. An interactive map of projects and investments is available at: http://vermontruralventures.com/vrv-projects-2/#projects_map