Evernorth Rural Ventures - New Markets Tax Credits (NMTC)

Geographic Scope: Maine, New Hampshire, and Vermont; focus on low-income and rural areas

Evernorth Rural Ventures invests in sustainable commercial development and job creation through New Markets Tax Credits (NMTC) allocations from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund.

Funding History

• Most Recent Award (January 2026): $70 million allocation from U.S. Treasury CDFI Fund (8th NMTC award)
• Maine Award (February 2026): $10.4 million allocation from Finance Authority of Maine (FAME)
• Previous Allocations: Multiple rounds of NMTC awards

Focus Areas

• Economic and community development in low-income areas
• Sustainable commercial development
• Job creation and retention in rural communities
• Business expansion and capital equipment purchases
• Manufacturing and production facilities

Eligible Projects

• Commercial businesses serving low-income communities
• Manufacturing and production facilities
• Community facilities and services
• Projects creating permanent jobs
• Expansion of existing businesses

Recent Project Examples

• Trinity Jubilee Center (Lewiston, Maine): $6.8 million for 11,000 sq ft facility expansion for food security, shower and laundry services (closed February 2026)
• Chroma Technology Corp (Bellows Falls, Vermont): $21.5 million in NMTC financing for production/office space expansion and equipment, resulting in 28 new jobs

Historical Impact

• Generated $58+ million in new capital
• Leveraged additional $228 million in investment
• Retained 2,300+ jobs
• Created 597 permanent jobs and 1,466 construction jobs

Geographic Allocation

• Maine focus areas
• New Hampshire communities
• Vermont rural areas

Contact Information

Prospective applicants should download intake form and apply through website portal.

Application Process

For qualifying projects:

1. Download the intake form from evernorthus.org
2. Complete the project intake form with project details
3. Submit through the online application portal at apply here
4. Evernorth team will review and contact applicants

Required Information

• Project description and scope
• Location (Maine, New Hampshire, or Vermont)
• Job creation/retention targets
• Community impact potential
• Capital needs and timeline
• Organizational capacity information

Note: Allocations are made by the U.S. Treasury Department and state authorities on an annual or periodic basis. Individual project funding is deployed from these allocations as qualified projects are identified and approved.