Industrial Recruitment and Finance
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COMMUNITY INVESTMENTS develops creative public-private financing packages for business recruitment and expansion. CI also designs, capitalizes, and administers business revolving loan funds. |
CI acts as agent for See It Made, a unique commercial park located in historic
Windsor, VT. See It Made is part industrial park, part theme park, part
natural science center, part retail shopping center all
located on 85 acres immediately accessible to Interstate 91.
Current businesses located in the park are
Harpoon Brewery and
Simon Pearce Glassblowing.
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| Breaking ground for Vermont Castings building with former governor, Howard Dean |
Vermont Castings, Bethel, VT: Before forming CI, principal Jill Michaels served as Executive Director for Green Mountain Economic Development Corporation. During that time, Vermont Castings was looking for a new corporate headquarters and considering locating in New Hampshire. Ms. Michaels developed a public-private financing package that kept the company in Vermont and has served since then as a model for industrial development recruitment and financing throughout the state.
Other Projects: CI has also developed
financing for a wide variety of Vermont companies including Ben and Jerry's
Rockingham facility, Vermont Pure Springs, Bread and Chocolate, Concepts ETI,
Bradford Veneer Mill, and Blue Mountain Lumber.
Revolving Loan Funds
The Partnership Fund: CI provided the assistance needed by Colchester CDC to develop The Partnership Fund, a small business RLF serving the Vermont Towns of Colchester and Essex and the City of Winooski. The Fund is capitalized with paybacks from a community developoment block grant-financed loan to a for-profit business. CI wrote the Fund guidelines and provided organizational development and technical assistance.
Vermont Economic Development Authority RLFs: CI worked for the Vermont Economic Development Authority (VEDA) to secure funds from the USDA Intermediary Relending Program for the Vermont Job Start program. CI also researched and developed a fundraising plan for the Vermont Sustainable Jobs Fund.
Connecticut River Valley Revolving Loan Fund (CRV/RLF): CI principal Jill Michaels was co-founder and first president of the Connecticut River Valley Revolving Loan Fund (CRV/RLF). She secured capital for the RLF, wrote the RLF guidelines, and developed the organizational structure.