Financing and Incentives

No matter whether you are creating, growing, or relocating a business that is large, small, or somewhere in between, you will find a broad spectrum of financing and incentive options available in Vermont.

We here at BDCC can help you sort through the public and private programs and services, and develop a road map customized for your company’s needs. The range of possibilities include, but are not limited to, tax credit assistance, power rate incentives, revolving loan funds, and state development banking.

Among the many additional financing and incentive resources you can review online for guidance are the following:

• Vermont Economic Progress Council (VEPC) http://www.thinkvermont.com/vepc/index.html, an independent council of nine Vermont citizens appointed by the governor, who serve “as an approval and authorization body to certain State economic and communitiy development incentive programs,” according to VEPC’s website.


• Vermont Economic Development Authority (VEDA) http://www.veda.org , which is Vermont’s economic development finance lender. Visit VEDA’s website to learn more about low-cost lending programs for businesses of all sizes.


• The Vermont Small Business Administration (SBA) http://www.sba.gov/vt, a government agency that advocates for small businesses and provides counseling and training resoources.


• Vermont Community Loan Fund — FreshTracks Capital http://www.freshtrackscapital.com, an early-stage venture fund for entrepreneur in the fields of software, hardware, telecommunications, media, business information, business systems or biotechnology.


• Vermont Development Credit Union http://www.vdcu.org, a statewide, federally insured, nonprofit financial institution with membership open to all Vermonters. In addition to lending and other typical banking functions, they provide home ownership workshops and financial education training.