LEBANON, N.H. (AP) — A group that supports community development in New Hampshire, Maine and Vermont has been awarded $50 million in tax credits.
The credits for Mascoma Community Development will help the Lebanon, New Hampshire-based organization raise capital and facilitate loans for small businesses and entrepreneurs.
The credits are provided by the U.S. Treasury Department’s Community Development Financial Institutions Fund, which promotes development in economically distressed urban and rural areas.
The tax credits were announced by Democratic U.S. Sen. Jeanne Shaheen.
The Times Record Sustaining Sponsor
We believe a community must be informed to thrive. bowdoin.edu
Comments are not available on this story. Read more about why we allow commenting on some stories and not on others.
We believe it's important to offer commenting on certain stories as a benefit to our readers. At its best, our comments sections can be a productive platform for readers to engage with our journalism, offer thoughts on coverage and issues, and drive conversation in a respectful, solutions-based way. It's a form of open discourse that can be useful to our community, public officials, journalists and others.
We do not enable comments on everything — exceptions include most crime stories, and coverage involving personal tragedy or sensitive issues that invite personal attacks instead of thoughtful discussion.
You can read more here about our commenting policy and terms of use. More information is also found on our FAQs.
Show less