Indianapolis, IN – Brattleboro Development Credit Corporation received a Gold Excellence in Economic Development Award for its Instig8 Program, a project in the category of Entrepreneurship from the International Economic Development Council (IEDC).
The honor was presented at an awards ceremony during the IEDC Annual Conference in October, which was held in Indianapolis, IN United States.
Executive Director Adam Grinold noted his organization has been building programmatic success.
“In 2017 we received an award from IEDC on the implementation of our Comprehensive Economic Development Strategy – Instig8 is an important part of that implementation. The program helps to cultivate entrepreneurs in southeastern Vermont through ideation activities, early stage firm development, incubation and access to capital and helping to find qualified buyers, and further develop programming to help mature firms in the field of innovation.”
The Brattleboro Development Credit Corporation (BDCC), is a private, nonprofit economic development organization that serves as a catalyst for industrial and commercial growth throughout Southeastern Vermont, including Windham County and the towns of Readsboro, Searsburg, Weston, and Winhall.
About the International Economic Development Council
The International Economic Development Council (IEDC) is the world’s largest membership organization for economic development professionals. Economic developers promote economic well-being and quality of life in their communities by creating, retaining, and expanding jobs that facilitate growth and provide a stable tax base. From public to private, rural to urban, and local to international, our members represent the entire range of economic development. Learn more at iedconline.org.
About the award:
Award Category Entrepreneurship
Gold Winners INSTIG8 Brattleboro Development Credit Corporation Brattleboro, VT
The Brattleboro Development Credit Corporation’s INSTIG8 program helps to cultivate entrepreneurs in southeastern Vermont. This accomplished through 1.) ideation activities such as regional Idea Jams to cultivate creativity, collaboration, and entrepreneurial culture creation; 2.) early stage firm development – regional startup labs and business planning workshops are great examples; 3.) growth stage firms are supported through incubation and access to capital through the Southern Vermont Microentrepreneur Loan Program; and 4.) in development, as the program evolves, INSTIG8 will help businesses that have aging proprietors transition their businesses, helping to find qualified buyers, and further develop programming to help mature firms in the field of innovation.