Projects: Rural Development
Chroma Technology Corp. – Bellows Falls, Vermont
Nolan Sheehan Patten represented the CDE lenders in connection with a $21.5 million loan to finance a 36,800 sq. ft. renovation and expansion of Chroma Technology Corp.’s optical manufacturing facility in Bellows Falls, Vermont. The project is expected to create at least 20-25 new jobs over several years, while also retaining 113 jobs in the area. The transaction also financed new manufacturing equipment, expanded parking and related site improvements.