- Service Name
Mascoma Community Development
- Industry
Finance, Community Development, Non-Profit, Social Impact
- Main Value Proposition
MCD provides essential capital and support to underserved communities, enabling impactful projects that would not be feasible without financial assistance.
- Description
Mascoma Community Development (MCD) is a community development entity that focuses on utilizing the New Markets Tax Credit (NMTC) Program to direct capital to underserved communities. Established as a subsidiary of Mascoma Bank, MCD aims to finance high-impact projects that benefit low-income communities across the nation.
- Key Features
Utilization of New Markets Tax Credit (NMTC) Program; Focus on financing high-impact, mission-focused projects; Support for severely distressed, low-income communities; Alignment with B Corporation® status and philosophy
- Use Cases
MCD is most valuable in scenarios where communities seek funding for development projects that improve local infrastructure, create jobs, or enhance services in low-income areas.
- Competitive advantages
Direct focus on community development and social impact; Part of a certified B Corporation, ensuring a commitment to ethical business practices; Expertise in navigating the NMTC Program for maximum benefit to communities
- Strengths
MCD's strengths lie in its dedicated mission to community development, its ability to leverage tax credits for impactful projects, and its affiliation with Mascoma Bank, which enhances its credibility and resources.
- Positioning
MCD positions itself as a leader in community development finance, focusing on social impact and sustainable growth in low-income communities.
- Audience
The target users include community organizations, local governments, and businesses in underserved areas, as well as low-income individuals seeking support for development projects.
- CTA
Learn more about MCD
- Tags
Community Development
New Markets Tax Credit
Social Impact
B Corporation
- Tagline
Mascoma Community Development
- Tone of Voice
Supportive, impactful, community-focused
- Differentiation
MCD is unique in its commitment to community development through the NMTC Program, which specifically targets severely distressed areas and low-income individuals, setting it apart from traditional financial institutions.
- Brand Positioning
MCD embodies a brand identity that prioritizes community welfare and sustainable development, aligning with the values of a B Corporation.
- Founded
2013-01-01