Mascoma Community Development

colorful pinwheel icon above the words Mascoma Community Development

As an extension of Mascoma Bank’s B Corporation status and philosophy its subsidiary, Mascoma Community Development (MCD), uses business as a force for good in the community and strives to be a positive change in how we do business.  Each day we change lives for the better by seeking positive sustainable impact and by undertaking projects that would not otherwise get completed without subsidy.

As a Community Development Entity (CDE), we raise capital, facilitate financing and support community and economic development via the New Markets Tax Credit (NMTC) program, which helps fill financing gaps for development projects that benefit residents of severely-distressed communities.  Although certified nationally, our primary service area is all Northern New England and New York State.  When allocating NMTCs, priority is given to projects located in rural areas, as well as downtown redevelopment, business expansion and community facilities, all of which enhance opportunities for quality jobs that are accessible to low-income persons or provide increased access to community goods or services.

 

“In accordance with federal law and the U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age or disability. To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington D.C., 20220 or call (202) 622-1160.”