Evernorth Rural Ventures Amplifies Community Investments in New England
Deal News | Dec 12, 2024 | Housing Vermont Inc
Evernorth Rural Ventures (ERV), leveraging the New Markets Tax Credit (NMTC) program, is actively investing in the economic and social well-being of communities across New England, with notable investments highlighted in Maine, New Hampshire, and Vermont. These investments are crucial for supporting job creation, providing essential goods and services, and facilitating community developments, primarily aimed at benefiting low-income populations. The recent report by the New Markets Tax Credit Coalition sheds light on ERV's key regional investments, highlighting the impactful role ERV plays in fostering economic growth and enhancing social infrastructure in these states.
Sectors
- Private Equity and Venture Capital
- Community Development
Geography
- United States – The article focuses on investments made by Evernorth Rural Ventures in the states of Maine, New Hampshire, and Vermont, which are located in the United States.
- New England – Specific states mentioned include Maine, New Hampshire, and Vermont, which are part of the New England region known for regional economic development activities.
Industry
- Private Equity and Venture Capital – The article discusses investments by Evernorth Rural Ventures, associated with Housing Vermont Inc., highlighting activities typical of the private equity and venture capital sector where strategic investments are made for economic and community development.
- Community Development – Evernorth Rural Ventures is involved in investments aimed at improving economic and social infrastructure in communities, a core aspect of the community development sector.
Financials
- Not Specified – The article does not provide specific financial figures related to the investments made by Evernorth Rural Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Evernorth Rural Ventures | Investor | Company | A company that leverages New Markets Tax Credit resources to invest in community development and economic growth, focusing on low-income areas. |
| Housing Vermont Inc. | Private Equity Firm | Company | A company associated with the investment efforts of Evernorth Rural Ventures, focusing on community and economic development. |
| New Markets Tax Credit Coalition | Research and Reporting | Other | A coalition that reports on and advocates for the benefits of the New Markets Tax Credit program, highlighting the impacts of investments by entities like Evernorth. |