# Weidmann Electrical Technology expands transformer board capacity in Vermont

Weidmann Electrical Technology has received $13 million in New Markets Tax Credits to finance the expansion of its transformer board manufacturing capacity and construction of a finished goods storage facility in St. Johnsbury, Vermont.

- Type: Expansion
- Announced: 2024-11-26
- Where: St. Johnsbury, Vermont, United States
- Value: $13.0M
- Status: announced
- Products: transformer insulation, transformer board
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Weidmann Electrical Technology Inc.](https://endata.com/companies/27142.md)

## Sources

- [mascoma.bank](https://mascoma.bank/insight/weidmann-electrical-technology-inc-receives-13m-in-new-markets-tax-credits/), 2024-11-26: "Mascoma Community Development (MCD) is pleased to announce the closing of $13 million in New Markets Tax Credit (NMTC) allocation to finance the expansion of Weidmann Electrical Technology, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.