Department of Economic Development

Windham County Economic Development Program

 

NEWS 
AND
ANNOUNCEMENTS
 

Two New Items

1. The Brattleboro Area Chamber of Commerce (BACC) hosted a luncheon with Governor Shumlin and  Secretary Pat Moulton, Agency of Commerce and Community Development., to discuss the Windham County Economic Development Program on July 9, 2014.

2. A public hearing was held on July 10, 2014 to accept public comments regarding a Revolving Loan Fund for the Windham County Economic Development Program.

 

In a Memorandum of Understandingbetween the State of Vermont and Entergy, Entergy agreed to provide $2 million per year for five years to the State of Vermont “to promote economic development in Windham County.” These funds will be administered by the Agency of Commerce and Community Development (ACCD) through the Windham County Economic Development Program.

None of the funds are being utilized for administration by the State of Vermont.  All additional duties, time and resources are being absorbed by ACCD and the agency's existing employees.

ACCD is currently developing the application process and material. The Agency expects to release the first Notice of Funding Availability (NOFA) and have the application available by mid-July 2014.

The due date for the first round of applications will be 60 days after the application is released and the first round of grants awarded in late November.

Eligible applicants will include municipalities, non-profit organizations, governmental agencies, and businesses. Applications from municipalities, non-profits and governmental organizations will be considered for grants. Applications from businesses will be considered for financing. ACCD will partner with a lending agency, most likely the Vermont Economic Development Authority (VEDA), which has the capacity, existing infrastructure, and skills to develop lending and alternative financing programs.  Several financing options are being considered and the financing repayments will remain in a revolving fund for Windham County for perpetuity.  

Any business interested in financing through the Windham County Economic Development Program are advised to contact the Brattleboro Development Credit Corporation and the Vermont Small Business Development Center staff, co-located with BDCC. They can provide confidential advice, business plan development, and technical assistance.

Stay Informed

If you would like to be kept informed about the Notice of Funding Availability, program application material, and deadlines and awards, please email ACCD.WCGP@state.vt.us to be included on our Windham County Economic Development Program email list.

Public Comment

Click here for a list of the public comments submitted through June 20, 2014 and here for comments submitted July 10, 2014.  If the person submitted written comments as a document or email, you can link to that document from this list.  Public comments have been reviewed and incorporated into the program design where feasible.  

Click here for facts about the Windham County Economic Development Program that also indicate how the public comments have been inccorporated.  

Other Funding and Programs for Windham County

In addition to the funding opportunity explained above, and the regularly available State and Regional programs, the Vermont Department of Labor will offer comprehensive programs and services for individuals impacted by the Entergy VY closure. Details on these programs will be available through the Department of Labor in the near future.

The Vermont Clean Energy Development Fund, located at the Vermont Public Service Department also received $2.6 million from the Entergy VY settlement for clean energy development activities in or for the benefit of Windham County. The CEDF will publish a Notice of Funding Opportunity soon. Please contact the CEDF directly with questions. 

Useful Links

Luncheon with Governor Shumlin and Secretary Pat Moulton, July 9, 2014 

Windham County Revolving Loan Fund: Public Hearing, July 10, 2014