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Vermont Economic Development Directory


VT Statewide Economic Development Agencies

Vermont Department of Economic Development
Ken Horseman
Director of Communications
1 National Life Building
Montpelier, VT USA 05620
802-828-3211 4
ken@thinkvermont.com
www.thinkvermont.com
Vermont Small Business Development Center
Lenae Quillen-Blume
State Director
P.O. Box 188
Randolph Center, VT USA 05061
800-464-SBDC or 802-728-9101
hgonyaw@vtsbdc.org
www.vtsbdc.org

VT Utilities

Central Vermont Public Service
Brian P. Keefe
VP for Public Affairs
77 Grove Street
Rutland, VT USA 05701
802-747-5353
bkeefe@cvps.com
www.cvps.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

VT Regional Economic Development Agencies

Central Vermont Economic Development Corporation
Sam Matthews
Executive VP
P.O. Box 1439
Montpelier, VT USA 05601
802-223-4654
cvedc@sover.net
www.central-vt.com/cvedc
Green Mountain Economic Development Corporation
Joan Goldstein
Executive Director
171 Bridge Street, Suite 206, P.O. Box 246
White River Junction, VT USA 05001-0246
802-295-3710 1
gmedc@gmedc.com
www.gmedc.com
Northeastern Vermont Development Association
Steve Patterson
Executive Director
P.O. Box 630
St. Johnsbury, VT USA 05819
802-748-5181
spatterson@nvda.net
www.nvda.net
Springfield Regional Development Corporation
Bob Flint
Executive Director
14 Clinton Street, Suite 7
Springfield, VT USA 05156
802-885-3061
bobf@springfielddevelopment.org
www.springfielddevelopment.org
Team New England
David C. Driver
Managing Director, Regional Development
107 Selden Street
Berlin, CT USA 06037
860-665-6312
drivedc@nu.com
www.teamnewengland.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

VT County Economic Development Agencies

Addison County Economic Development Corporation
Robin P. Scheu
Executive Director
1590 U.S. Route 7 South, Suite 2
Middlebury, VT USA 05753
802-388-7953
info@addisoncountyedc.org
www.addisoncountyedc.org
Bennington County Industrial Corporation
Peter Odierna
Executive Director
P.O. Box 923
Bennington, VT USA 05201
802-442-8975
peter@bcic.org
www.bcic.org
Franklin County Industrial Development Corporation
Timothy Smith
Executive Director
2 North Main Street, P.O. Box 1099
St. Albans, VT USA 05478-1099
802-524-2194
tim@fcidc.com
www.fcidc.com
Lamoille Economic Development Corporation
Arthur Sanborn
Executive Director
P.O. Box 455
Morrisville, VT USA 05661
802-888-5640
art@lamoilleeconomy.org
www.lamoilleeconomy.org

VT City Economic Development Agencies

Brattleboro Development Credit Corporation
Jeffrey Lewis
Executive Director
76 Cotton Mill Hill
Brattleboro, VT USA 05301
802-257-7731
bdcc@sover.net
www.brattleborodevelopment.com
Greater Burlington Industrial Corporation/FTZ No. 55
Frank Cioffi
President
60 Main Street, P.O. 786
Burlington, VT USA 05402
802-862-5726
gbic@vermont.org
www.vermont.org/gbic
Rutland Economic Development Corporation
James Stewart
Executive Director
112 Quality Lane
Rutland, VT USA 05701
802-773-9147
info@rutlandeconomy.com
www.rutlandeconomy.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

Vermont State Incentives

The VERMONT EMPLOYMENT GROWTH INCENTIVE (VEGI) program can provide a cash payment, based on new job and payroll creation, to companies that have been authorized to earn the incentive. The incentive amount is based on the economic and fiscal impact of qualifying new jobs and payroll and capital investments made by the applicant for a period of up to five years. The resulting net revenue impact is used to calculate a percentage, which is then applied against the qualifying new payroll of the net new qualifying jobs, the product of which is the incentive amount for that year.

The VERMONT TRAINING PROGRAM (VTP) promotes expansion and encourages the creation and retention of jobs in Manufacturing, Information Technology, Healthcare, Telecommunication and Environmental Engineering by providing training funds for new and existing businesses thereby increasing the skills of the Vermont workforce, the wages and Vermonters’ standard of living. To be eligible, the company must guarantee that the training requested will supplement, rather than replace, the company’s ongoing, normal training efforts and agree to pay wages equal to at least twice minimum wage ($16.30) at completion of training, if no benefits are provided to the employee.

The DIRECT LOAN PROGRAM is eligible to manufacturing, processing, warehousing, research and development, travel and tourism, information technology, and others as defined in statute. Money can be used for the purchase of land, construction of buildings, purchase and installation of machinery and equipment.

TAX-EXEMPT REVENUE BONDS: Eligible to facilities deemed eligible by the IRS (primarily manufacturers) as 501(c)3 organizations. Bonds can be used for acquisition of land, buildings, and equipment or “exempt facilities” as defined in the federal tax code.

VERMONT JOB START PROGRAM: Applicants must meet income eligibility criteria. Funds may be used to purchase real estate, equipment, inventory or for working capital.

LOCAL DEVELOPMENT CORPORATION LOANS: This program provides financing to nonprofit local and regional development corporations to build facilities for lease to identified eligible tenants, or to plan and/or develop industrial parks. All nonprofit local and regional development corporations (LDCs and RDCs) are eligible for the program. Funding can be used for the purchase of land for industrial parks; industrial park planning and development; construction or improvement of speculative buildings; and small business incubator facilities.


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