Incentives, Financing and Special Programs
Tools to start and grow.8,500
Workers at 239 businesses trained by the Vermont Training Program between 2018-2022
$10.8million
In grants in 12 counties by Northern Border Regional Commission in 2023
586
New Vermonters participated in the Remote Worker or New Worker relocation grant programs in 2019 & 2020
$15.3 million
Downtown and Village Center Tax Credits Awarded to 159 Projects Between 2019-2023
In Vermont’s broad economic development landscape there’s room for businesses large and small to grow.
Businesses can leverage programs focused on training and workforce development, environmental mediation, restoring historic downtown buildings, building rural economies, and more to start up or expand.
Some Vermont businesses look for help training their workers on new equipment in order to expand into new markets—the Vermont Training Program and the Vermont Employment Growth Incentive can help. Others see an opportunity for growth in an old historic mill or downtown building—downtown tax credits, sales tax reallocation, and tax increment financing can help make that happen. A one-person company may experience growth that requires them to hire more people—the Vermont Center for Enterprise & Technology can help with seed capital. What starts out as an idea on paper becomes the intellectual property of a small business that changes
an entire sector—UVM Innovations can help obtain funding for tech commercialization.
Vermont’s incentive programs have been rated amongst the best. Our financial tools can help businesses adjust to changes in the market, assist businesses in certain geographic areas, and grow their workforce. Professionals at the Agency of Commerce & Community Development and our Regional Development Corporations are ready to help you identify the best source for your need and support you through eligibility and applications processes.
State of Vermont signature programs
Building Success with help from Vermont
Using multiple state programs, family business Blake Hill Preserves and Artisans Park, where it’s located, expanded to bring new vitality to the community of Windsor, Vermont.