Vermont

  • Windham County Economic Development Program provides funds to stimulate job creation through business start-up, expansion, or relocation, encourage entrepreneurial activity, and strengthen the economic development infrastructure to ensure a strong foundation for transformational economic activity.
  • The State Trade Expansion Program (STEP) provides funding assistance to eligible Vermont businesses to support entry into foreign markets or expand international export activities such as participation in trade shows, trade missions, market research, and export education seminars.
  • Vermont Training Program (VTP) partners with employers and training providers to train Vermont’s employees for the jobs of tomorrow. VTP provides performance based workforce grants for: pre-employment training, training for new hires and incumbent workers
  • The Vermont Employment Growth Incentive (VEGI) program can provide a cash payment, based on the revenue return generated to the State by prospective qualifying job and payroll creation and capital investments, to businesses that have been authorized to earn the incentive and who then meet performance requirements.
  • Northern Border Regional Commission Grants (NBRC) invests in community and economic development projects in economically distressed counties across Maine, New Hampshire, Vermont, and New York. In Vermont, all 14 counties are included in the NBRC eligible service territory.
  • Office of Economic Adjustment (OEA) provides grant assistance to state and local governments, and instrumentalities of local governments, as they respond to a defense industry action, such as base closure or realignment, changes in defense contracting, or as they address land use compatibility with the military. Their mission is to support and build relationships with communities impacted by defense program changes by focusing on developing community adjustment strategies. These relationships will elevate the technological knowledge and sophistication of defense-related small and medium-sized manufacturers (SMMs), improving their competitiveness, ability to innovate, and overall value to the DoD.
  • The Newport Development Fund (NDF) will be used for impactful investment and use for the specific purpose of creating economic development opportunities within the City of Newport.
  • Brownfields Revitalization Fund (BRF) offers grants and loans for remediation of brownfield sites. The funds are made available to Vermont from EPA and eligible applicants can be private developers, non-profits and municipalities. There is no limit on the size of a loan; it depends on the amount of capital available in the fund. Grants are available to eligible non-profits and municipalities.
  • Capital Investment Grant – The Agency of Commerce and Community Development shall use the $10,580,000 appropriated to the Department of Economic Development in Sec. G.300(a)(12) of this Act to design and implement a capital investment grant program consistent with this section.