Incentives, Financing and Programs
Tools to start and grow.8,500
Workers at 239 businesses trained by the Vermont Training Program between 2018-2022
9,376
QUALIFYING JOBS CREATED USING THE VERMONT EMPLOYMENT GROWTH INCENTIVE SINCE 2007.
2,631
CONTRACTS TO VERMONT APEX ACCELERATOR CLIENTS IN 2023 TOTALING $276 MILLION
48
COMPANIES HELPED BY THE STATE TRADE EXPANSION PROGRAM FROM 2020 TO 2022 RESULTING IN 84 NEW JOBS AND $7M IN ADDITIONAL EXPORT SALES.
Vermont’s economic development landscape supports growth for businesses of all sizes.
Tailored Support for Business Growth
Vermont offers a range of support programs tailored to meet the diverse needs of its business community, providing new entrepreneurs, growing small businesses, and established companies looking to innovate with resources for training and workforce development, environmental mediation, restoring historic downtown buildings, building rural economies, and more.
State of Vermont Signature Programs
Vermont Employment Growth Incentive (VEGI)
An economic incentive for business recruitment, growth, and expansion. VEGI 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.
Vermont Training Program (VTP)
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.
Northern Border Regional Commission (NBRC)
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)
OEA helps defense-related small and medium-sized manufacturers improve their competitiveness, ability to innovate, and overall value in response to defense industry actions or changes in defense contracting.
Vermont Small Business Development Center (VtSBDC)
Since 1992, the Vermont Small Business Development Center has provided no-cost professional expertise and guidance to hundreds of business owners. VtSBDC can assist with startup planning, financing, sales/marketing, growth strategies, financial management, and operations.
Vermont Captive Insurance
Through cutting edge legislation, supportive government and a world class infrastructure, “Vermont is the leading captive insurance domicile in the world” as we are now number 1 in the world!
State Trade Expansion Program (STEP)
STEP provides funding to support Vermont businesses’ entry into foreign markets or expand their international exports through trade shows, trade missions, market research, and export education.
Vermont Can Help Your Business.
Incentives and Financial Assistance Programs for Businesses, Innovators, and Entrepreneurs
Vermont offers a range of financial assistance programs designed to support businesses, innovators, and entrepreneurs. From tax credits and loan programs to funding initiatives for rural development, Vermont provides numerous resources to help you start, grow, or expand your business.