The Community Investment Board (formerly the Downtown Development Board) administers the state designation programs that target training and technical assistance, grants, tax credits, and permit relief. These programs empower state and local leaders to plan for and build vibrant, inclusive communities. The members of the Board represent a variety of state agencies, organizations, and communities.
Act 181 of 2024, updates the program to align with local and regional plans, make the program more accessible for lower-capacity communities, streamline administration to save time and cost, and simplify the designation requirements and benefits. It also expands board membership to increase focus on infrastructure investments and justice by adding representatives from the Vermont Bond Bank, Vermont Treasurer, Regional Development Corporations, and a member designated by the State Director of Racial Equity.
The program and board will continue to extend place-based benefits to sustain and revitalize communities through smart growth, historic preservation, equity of opportunity, and climate resilience.
Board Members
- Alex Farrell (Chair), designated by the Secretary of Commerce and Community Development
- Adam Grinold, designated by the Regional Development Corporations
- Billy Coster, designated by the Secretary of Natural Resources
- Bruce Cheeseman, appointed by the Governor, representing local government
- Cathy Davis, appointed by the Governor, representing the VT Association of Chamber Executives
- Christian Meyer, designated by the Vermont Association of Planning and Development Agencies
- Chip Sawyer, designated by the Vermont Planners Association
- Jaime Lee, appointed by the Governor, representing the Vermont Natural Resources Council and the Preservation Trust of Vermont
- Kevin Chu, designated by the Office of Racial Equity
- Michele Boomhower (vice-chair), designated by the Secretary of Transportation
- Laura Trieschmann, State Historic Preservation Officer
- Michael Desrochers, designated by the Commissioner of Public Safety
- Michael Gaughan, designated by the Vermont Bond Bank
- Michael McDonough, appointed by the Governor, representing local government
- Mike Pieciak, State Treasurer
- Sarah Hadd, designated by the Vermont League of Cities and Towns
Next Downtown Board Meeting
January 27, 2025 @ 1:00PM - 4:00PM
1 National Life Drive
6th Floor, Davis Building
Calvin Coolidge Conference Room
Montpelier, VT 05602
Virtual Meeting with in-person available
To digitally join the meeting, click here.
Meeting ID:268338820601
Passcode: CaEsD3
To join the meeting via audio (phone) only,
1-802-828-7667
Conference ID: 905515283#
Meeting Minutes
Directions to National Life
Parking at National Life