Mascoma Community Development awards $15M in New Market Tax Credits to Southern Minnesota Beet Sugar Cooperative to Expand and Equip Two Rural Facilities. Project Will Retain 470 Minnesota-Based Jobs in the Ag Industry, Enabling SMBSC to Continue Supporting Quality Local Jobs and Farmers & Sustainable Food Production RENVILLE and CLARA CITY, MINNESOTA (December
OLEAN, NEW YORK (October 28, 2025) – Mascoma Community Development (MCD) announced today the successful closing of a New Markets Tax Credit (NMTC) financing transaction in support of Cimolai-HY, LLC. The transaction will support a comprehensive workforce training program as well as additional equipment acquisition and installation at its existing steel fabrication facility in Olean,
Mascoma Community Development (MCD) is pleased to announce the closing of $15 million in New Markets Tax Credit (NMTC) allocation to finance the Benn High project, a rehabilitation of the former Bennington High School into a mixed-use development that includes affordable housing, a childcare facility, a fitness and wellness facility, and community space.
Mascoma Bank is pleased to announce that Ryan Bishop has been hired as Senior Vice President Managing Director, Mascoma Community Development (MCD). MCD is a wholly owned subsidiary of Mascoma Bank and a registered community development entity (CDE).
Mascoma Bank and its community development lending group is pleased to announce that it has provided $1,950,000 of permanent funding for the newly constructed Heater Landing Apartments (Heater Landing LP).
