Quick Facts

Vermont Governor Peter Shumlin

Vermont Governor Peter Shumlin


  • Capital: Montpelier
  • Population (2012 Est.): 626,011
  • Largest Cities (2012): Burlington, 42,282; South Burlington, 18,400; Rutland, 16,217; Essex Junction, 9,498
  • Targeted Industries: Healthcare, IT, Advanced Manufacturing, Tourism, Renewable/Environmental Technology, Value-Added Foods
  • GDP (All Industry 2012): $27.2 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce




Vermont Employment Growth Incentive (VEGI): The program can provide a cash incentive, based on new job and payroll creation, to companies that have been authorized to earn the incentive. Authorization requires that the company and project show that the employment and investment would not occur without the incentive or would occur in a substantially different and less desirable manner, meets program guidelines, and will generate net revenues to the State after the cost of the incentives. 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.

Vermont Economic Development Authority (VEDA): Offers a suite of, low-interest loan programs that often fill the financing gap for a commercial startup or expansion project. Working either directly with a business or in partnership with a commercial lender, VEDA customizes financing solutions to fit the unique needs of business projects, large or small, utilizing a number of innovative loan programs.

Vermont Community Development Block Grant Program: Can provide grants to municipalities for infrastructure required for business expansion or location. Municipalities may also loan CDBG funds to businesses for certain purposes.

Brownfields Revitalization Fund (BRF): Administered by the Vermont Agency of Commerce and Community Development (ACCD), the fund can provide low-interest loans for site cleanup.  Grants may also be available.

Clean Energy Development Fund (CEDF): Provides funding for projects to increase the development and deployment of cost-effective and environmentally sustainable electric power resources—primarily with respect to renewable energy resources, and the use of combined heat and power technologies.

Science, Technology, Engineering and Mathematics (STEM) Incentive: Pays new hires at Vermont companies $1500 cash annually for each year they are employed up to five years. The incentive is taxable income and goes directly to the individual. There are eligibility requirements and the incentive is limited to certain eligible positions.

Vermont Sustainable Jobs Fund (VSJF): Provides early stage grant funding, technical assistance and loans to entrepreneurs, businesses, farmers, networks and others interested in developing jobs and markets for sustainably produced goods and services.

Working Lands Enterprise Initiative: Grants funds to stimulate the agriculture and forest product sectors by systematically advancing entrepreneurism, business development and job creation.


Unemployed Veteran Tax Credit: In accordance with ACT 44 of 2011, employers who hire a recently separated veteran may be eligible to receive a tax credit of $2,000. Veterans who start their own business may receive up to a $2,000 tax credit.

Work Opportunity Tax Credit (WOTC): Offers federal tax credits to employers as an incentive to hire people in several specific target groups.

Equipment, electricity and fuel for manufacturing are exempt from Vermont Sales and Use tax.


Micro Business Development Program of the Vermont Community Action Agencies: Provides technical assistance and training to low to moderate income Vermonters planning to start or expand a small business.

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 ($17.20) at completion of training, if no benefits are provided to the employee.

State Listings

  • Vermont Agency of Commerce & Community Development

    Kiersten Bourgeois
    Senior Project Manager, Business Recruitment
    1 National Life Drive, 6th Floor
    Montpelier, VT 05620
    P: 802-522-4371
    [email protected]
  • Vermont Economic Development Authority

    David Blow
    Business Development Officer
    58 East State Street, Suite 5
    Montpelier, VT 05602
    P: 802-598-4044
    [email protected]
  • Vermont Small Business Development Center

    Linda Rossi
    State Director
    1540 Vermont Route 66, P.O. Box 188
    Randolph Center, VT 05061
    P: 802-728-9101
    [email protected]


Utility Listings

  • Green Mountain Power

    Mary Powell
    President & CEO
    163 Acorn Lane
    Colchester, VT 05446
    P: 888-836-4672
    [email protected]


Regional Listings

  • Central Vermont Economic Development Corporation

    Sam Andersen
    Executive Director
    One National Life Drive, P.O. Box 1439
    Montpelier, VT 05601
    P: 802-223-4654
    [email protected]
  • Green Mountain Economic Development Corporation

    Joan Goldstein
    Executive Director
    171 Bridge Street, Suite 206, P.O. Box 246
    White River Junction, VT 05001-0246
    P: 802-295-3710
    [email protected]
  • Northeastern Vermont Development Association

    Steve Patterson
    Executive Director
    36 Eastern Avenue, P.O. Box 630
    St. Johnsbury, VT 05819
    P: 802-748-5181, ext. 417
    [email protected]
  • Springfield Regional Development Corp.

    Bob Flint
    Executive Director
    14 Clinton Street, Suite 7
    Springfield, VT 05156
    P: 802-885-3061
    [email protected]
  • Team New England

    David C. Driver
    Managing Director – Regional Development
    107 Selden Street
    Berlin, CT 06037
    P: 860-665-6312
    [email protected]


County Listings

  • Addison County Economic Development Corporation

    Robin P. Scheu
    Executive Director
    1590 US Route 7 S, Suite 8
    Middlebury, VT 05753
    P: 802-388-7953
    [email protected]
  • Bennington County Industrial Corporation

    Peter Odierna
    Executive Director
    215 South Street, 2nd Floor, P.O. Box 923
    Bennington, VT 05201
    P: 802-442-8975
    [email protected]
  • Franklin County Industrial Development Corporation

    Timothy Smith
    Executive Director
    2 N. Main Street, P.O. Box 1099
    St. Albans, VT 05478-1099
    P: 802-524-2194
    [email protected]
  • Greater Burlington Industrial Corporation

    Seth Bowden
    Director of Business Development
    60 Main Street, P.O. Box 786
    Burlington, VT 05402
    P: 802-862-5726, ext. 19
    [email protected]
  • Lamoille Economic Development Corporation

    John Mandeville
    Executive Director
    P.O. Box 455
    Morrisville, VT 05661
    P: 802-888-5640
    [email protected]


City Listings

  • Barre Area Development, Inc.

    Joel Schwartz
    6 North Main, P.O. Box 265
    Barre, VT 05641
    P: 802-476-0660
    [email protected]
  • Brattleboro Development Credit Corporation

    Jeffrey Lewis
    Executive Director
    76 Cotton Mill Hill
    Brattleboro, VT 05301
    P: 802-257-7731
    [email protected]
  • Middlebury Office of Business Development & Innovation

    Jamie Gaucher
    94 Main Street
    Middlebury, VT 05753
    P: 802-388-8100, ext. 500
    [email protected]
  • Rutland Economic Development Corporation

    James Stewart
    Executive Director
    112 Quality Lane
    Rutland, VT 05701
    P: 802-773-9147
    [email protected]
  • Town of Colchester

    Dawn Francis
    Town Manager
    781 Blakely Road, P.O. Box 555
    Colchester, VT 05446
    P: 802-264-5501
    [email protected]