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V O L . X X X N O. V I I I A P R I L 1 5 , 2 0 2 4 24 R E A L E S TAT E / C O N S T R U C T I O N / E N G I N E E R I N G Evernorth Rural Ventures is a rural community development entity that uses New Markets Tax Credit resources to support investment in the economic, environmental and social well-being of northern New England communities and regional economies. e U.S. Treasury's New Markets Tax Credit program is a financing tool that allows investors to provide capital and in return claim federal tax cred- its for a portion of their investment. e credits offer a source of cheap or free equity developers wouldn't otherwise have, allowing them to do projects that aren't other- wise financially feasible. e financing pack- age included Capital One as the NMTC equity investor to ERV, Primary Care Development Corp. and the federal Health Resources and Services Administration. e Belfast project is ERV's first investment in Maine. It's expected the expanded facility will add 11 full-time positions and grow capacity by 17%. "e increased space will allow us to significantly increase our integrated primary care services, inclu- sive of family medicine, mental health, recovery and pharmacy services, expanding the impact we are able to have in our community," Lori Dwyer, Penobscot Community Health Care's CEO and president, said earlier this year. Penobscot Community Health Care is the larg- est federally qualified health center in Maine and the second-largest in New England. e new facility is expected to open in the com- ing weeks. Dunbar & Brawn Construction is the general contractor. Beth Boutin, ERV's vice president, says ERV was attracted to the project as meeting its commu- nity investment mission. "is is a perfect example of how New Markets Tax Credits can help communities in need," says Boutin. L a u r i e S c h r e i b e r , M a i n e b i z s e n i o r w r i t e r , c a n b e r e a c h e d a t l s c h r e i b e r @ m a i n e b i z . b i z Custom Occupational Health For Your Custom Business Northern Light Work Health is here to be your partner in a healthy and productive workforce by working with employers to provide the most accessible and customized occupational health experience. Our services keep your people at their best. Our commonly requested services: • Work injury management • Testing services • Immunizations See a full list on our website: workhealthllc.org Phone: 1.844.975.4584 • Physical exams • Ergonomics • Fit testing » C O N T I N U E D F RO M P R E V I O U S PA G E P ROV I D E D R E N D E R I N G / E V E R N O R T H R U R A L V E N T U R E S This is a perfect example of how New Markets Tax Credits can help communities in need. — Beth Boutin Evernorth Rural Ventures F O C U S A larger home for the Seaport Community Health Center is almost complete in Belfast.

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