Financing and Incentive Opportunities
Vermont Employment Growth Incentive (VEGI)
The purpose of the VEGI program is to provide an incentive for economic activity that would not occur except for the incentive and which is above and beyond what would normally occur. The Program can provide a cash payment to businesses based on the revenue return generated to the State by prospective job and payroll creation and capital investments.
VEGI: BDCC Facilitated cash payment in excess of $2.7 million in 2015 & 2016
Vermont Economic Development Authority (VEDA)
Since 1974, VEDA has provided over $2.07 billion in financial assistance to Vermont businesses and farms. Programs have contributed to the creation of tens of thousands of jobs, helping Vermont’s economy grow and prosper. Visit VEDA’s website to learn more about low-cost lending programs for businesses of all sizes.
VEDA: BDCC Facilitated loans in excess of $900 thousand in 2015 & 2016
Vermont Community Loan Fund
VCLF’s Small Business Loan Program targets businesses that provide benefits to low-to-moderate-income Vermonters through livable-wage jobs and revitalized communities. A VCLF loan can be used for real estate mortgages, fixed-asset financing, permanent working capital, a line of credit, purchase order financing, restructured debt and subordinated debt.
Windham County Economic Development Program (WCEDP)
The WCEDP is meant to promote economic development in Windham County. The program’s funds will be made available through direct low-interest loans administered by VEDA, competitive grants to organizations responding to an annual Request for Proposals, and non-competitive grants and incentives.
WCEDP: BDCC has facilitated over $5 Million in WCEDP funds for expansions and small business growth since 2015
Learn More about BDCC & WCEDP
Vermont Training Program (VTP)
The 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. Training can either be on-site or through a training provider/vendor. Grants may cover up to 50% of the training cost.
VTP: BDCC Facilitated over $200,000 in funds in 2015 & 2016
Learn More about BDCC & Workforce Development
Resources to Help You Plan
Click on any of the available resources below to learn more about how the BDCC, Windham Region, and State of Vermont can support your growing business.
The Vermont Procurement Technical Assistance Center (VT PTAC) exists to help Vermont businesses succeed in obtaining government contracts. The center offers free counseling services to Vermont businesses and provides assistance on how to bid on government contracts at the federal, state and local levels.
The Vermont Manufacturers Extension Center is a nonprofit statewide resource for small to medium-sized manufacturers in Vermont. The mission of VMEC is to improve manufacturing in Vermont and strengthen the global competitiveness of the state’s smaller manufacturers.
SCORE is a nonprofit organization that matches volunteer business people — often Fortune 500 executives and successful entrepreneurs — with business owners who need expert and confidential advice for free.
SBA offers information on small business loans, grants, bonds and other financial assistance.
VRV is a qualified CDE operated by Housing Vermont, that deploys New Markets Tax Credit resources to support investment in the economic, environmental, and social well-being of Vermont communities.