Northern Community Investment Corp. will be shutting down

Northern Community Investment Corp. will be shutting down. On Wednesday, NCIC members approved a proposal by the Board of Directors and management to dissolve the 48-year-old organization due to ongoing challenges. The non-profit will transfer or sell its assets, including a $9 million loan portfolio and $500,000 in St. Johnsbury-Lyndon Industrial Park land holdings, to one or more successor organizations by the end of the calendar year. Successor organizations have not been selected, and talks are ongoing.