Funding & Incentives

CD Board, Meetings & Awards

Vermont Community Development Board

Vermont has a Community Development (CD) Board, which in conjunction with the VCDP staff, review the applications. The CD Board is made up of nine members from around the state, who are appointed by the Governor. The CD Board makes VCDP grant award recommendations to the Secretary of the Agency of Commerce and Community Development (ACCD), who then makes the final award decisions on behalf of the Governor.

Grantee Guidance

Municipalities that successfully receive grant awards from the VCDP must meet the award conditions indicated in the award letter. Once all the award conditions have been met the municipality will then be offered a grant agreement by the Department. The municipality will then need to complete all their special conditions/documentation required within the grant agreement before they can begin to requisition funds. VCDP is a federal program with federal requirements that apply to all Grantees. 

Applicant Guidance

Applying for Funding

VCDP accepts applications on a rolling basis.  However, it is recommended that you submit your application prior to the target dates listed below for the corresponding board meeting.  For more information see — * 2016-2017 Guidance on Applying.

Training Provider Grants

Background

The Vermont Training Program (VTP) has been offering performance-based workforce training grants for over 30 years.  The VTP provides up to 50% of the training cost for: pre-employment, new hire, and/or incumbent employee training.  Grants are paid out on a reimbursement basis upon completion of employee training. 

Vision and Goals

The Vermont Training Program will be a flexible, nimble, and strategic workforce development program to enhance the skills of the Vermont workforce and increase productivity of Vermont employers. 

Business Grants

Background

The Vermont Training Program (VTP) has been offering performance-based workforce training grants for over 30 years.  The VTP provides up to 50% of the training cost for: pre-employment, new hire, and/or incumbent employee training.  Grants are paid out on a reimbursement basis upon completion of employee training. 

Vision and Goals

The Vermont Training Program will be a flexible, nimble, and strategic workforce development program to enhance the skills of the Vermont workforce and increase productivity of Vermont employers.  

Tax Increment Financing (TIF)

St. Albans - Stephen Goodhue
St. Albans
Tax Increment Financing (TIF) Districts have been available in Vermont as a public infrastructure financing tool for many years. Vermont’s TIF program has undergone many statutory changes through the years, especially since the introduction of a statewide education property tax.

Vermont Employment Growth Incentive

Jeff Clarke photoThe State of Vermont offers an economic incentive for business recruitment, growth and expansion. The Vermont Employment Growth Incentive (VEGI) program 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.

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