The Center has supported visionary economic development projects that sustain and create forest-based jobs while at the same time providing a range of community and environmental benefits through New Markets Tax credit financing.
Libraries often serve as community hubs, but few reflect community spirit and innovation as clearly as the newly renovated Millinocket Memorial Library. The Center facilitated federal New Markets Tax Credit financing and contributed funds for the library’s automated wood pellet boiler to help with the project.
100 Katahdin Avenue, a recently renovated 3-unit building in Millinocket, Maine, is a prime example of the Center’s impact investment fund and work. It is providing quality, affordable housing for people seeking to create community and providing investors up to 2% returns.
We're using integrated capital to achieve a central goal of boosting people, place and economy so that communities can be places of pride, purpose and vitality.
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.