Financing & Recruitment

Community Investments develops creative public-private financing packages for industrial recruitment and expansion.

Mascoma Bank – Windsor, Vermont

Mascoma Bank

Senators McCormack and Rivers, and Rep. Sweaney at the groundbreaking

After a recruitment effort that lasted the better part of two years, CI and the Town of Windsor were successful in recruiting Mascoma Savings Bank to the center of the downtown — right to the intersection of “State and Main”. The site turned out to be more challenging than originally expected, with a number of contamination issues and structures that could not be saved despite their architectural significance.  Before construction even began, the bank had to buy a building adjacent to the structure they had originally chosen, and in the process had to buy out a “lingerie” business that had been disturbing to the community.  The bank building has become the “crown jewel” of the downtown and Mascoma Savings Bank has been a valued corporate citizen.

 

Selden Technologies – Windsor, Vermont

In 2002, CI recruited Seldon Technologies, the first nanotechnology company to locate in Vermont, to the Cone Blanchard facility — an essentially vacant former machine tool manufacturing plant in the Town of Windsor’s historic industrial area.  Seldon has built a number of products based on a patented nanomesh that can remove nearly 100% of contaminants in any polluted water.

Seldon Technologies

Cone Blanchard

CI assisted Seldon in securing its initial financing and assisted the partners in working with Vermont’s Congressional to secure three years worth of funding, primarily from the Department of Defense, to scale up production of their first products. As the company grew, its founders purchased the facility.  Ci continues periodically to provide assistance to the company as it grows.

Vermont Spirits

Vermont SpiritsCI assisted Vermont Spirits Distilling of Quechee, VT in its search for a new site and in lobbying the Vermont State Legislature on issues related to distribution of distilled spirits. Vermont Spirits distills a portfolio of award-winning artisanal spirits using local agricultural products, including maple, apples and corn, sourced from partnerships with farmers from around Vermont.

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, Vermont Castings and Blue Mountain Lumber.