If not for this NMTC transaction, GS Precision and its existing skilled workforce of 329 would have left Vermont. This comes at a crucial time for Brattleboro and the greater Windham County which has experienced slow economic decline for the past 15 years through a loss of 2,200 jobs from 2000-2010 and another 5% between 2010 and 2015. This important project retains 329 jobs, 15% of Brattleboro’s manufacturing workforce, and adds 100 new quality jobs for the area.

Gap and Investment

VRV financing is part of a public-private partnership to retain GS Precision and grow new jobs. The project allows GS Precision to increase production to meet new large contract demands and improve operating efficiencies to better control production costs. VRV’s NMTC allocation filled the gap between total development costs and sources of funding available.

Project TypeBusiness Financing
Project SponsorBrattleboro Development Credit Corporation
NMTC Investment$12 million
Short descriptionManufacturing
Team: BusinessGS Precision
Team: LegalNolan Sheehan Patten LLP Downs Rachlin Martin PLLC Jensen Baird Gardner & Henry
Team: AccountingCohnReznick LLP
Team: ArchitectHill Engineers, Architects, Planners, Inc.
Team: ContractorReArch Company
Financing PartnersMassachusetts Housing Investment Corporation Brattleboro Development Credit Corporation TD Bank Vermont Economic Development Authority Vermont Agency of Commerce and Community Development Town of Brattleboro