In early 2016, the Center facilitated financing for a major investment in Piscataquis County that enabled the Appalachian Mountain Club to reconstruct its Medawisla Lodge & Cabins, build new trails, improve local fisheries and more.

In addition, the Center launched a new tourism investment program, in partnership with AMC and others, to spur investment in tourism businesses near Moosehead Lake. The Tourism Investment program, funded by this NMTC transaction, is helping tourism businesses implement innovations that will strengthen their businesses, expand job opportunities and attract visitors to the Maine Woods.

The Massachusetts Housing Investment Corporation (MHIC) and JP Morgan Chase provided capital and tax credit authority for the federal New Markets Tax Credit financing. “Our goal is to help create better economic opportunities for area residents while respecting local priorities,”  said MHIC President and CEO Joseph Flatley. “We are grateful for the chance to work with such outstanding local partners.”