The Capital Investment Program is now closed.
PROGRAM ORIGIN
In 2021, the Vermont Legislature appropriated $10,580,000 in Federal American Rescue Plan Act (ARPA)-Coronavirus State Fiscal Recovery Funds to the Agency of Commerce and Community Development (ACCD) to design and implement a Capital Investment Grant Program consistent with the requirements of the legislation, Sec. G.300(a)(12) of Act 74, and the U.S. Treasury Final Rule which became effective on April 1, 2022.
APPROVED APPLICATIONS
| Project County | Organization Name | Sector Category | Project Description | Estimated Total Project Cost | Proposed Award |
|---|---|---|---|---|---|
| Addison | Vermont Livestock Slaughter and Processing Company LLC | Agriculture | Renovation of a meat processing facility to increase efficiency, modernize equipment, and expand throughput to provide humane slaughter, processing, wrapping, packing, and value-added production for producers in the region. | $6,622,153 | $464,938 |
| Caledonia | Fairbanks Museum & Planetarium | Arts and Culture | The award will help to fund the HVAC system installed to support a Science Annex that is a three story, 6,080 square foot mass timber addition onto the Fairbanks Museum's existing building. | $4,788,733 | $413,921 |
| Chittenden | Burlington City Arts Foundation, Inc. | Arts and Culture | The Burlington City Arts project will renovate the 405 Pine Street location thereby promoting the arts as an economic generator, retain and recruit workers, and nurture small businesses. This will position the Enterprise Zone as a home for the New Economy and the CIP award will contribute towards these efforts by facilitating large-scale improvements, including a significant upgrade to the building's exterior wall. | $6,494,506 | $500,000 |
| Chittenden | Champlain College | Education | Champlain College is planning to renovate Durick Hall to house both the Career Collaborative and Champlain College Online. | $5,350,500 | $304,255 |
| Chittenden | Charest Alpinism LLC | Recreation | The Petra Cliffs project will build a ground up, modern climbing gym and community facility just a few hundred feet away from its current location of 22 years, abutting City Market's South End store. | $7,137,965 | $416,448 |
| Chittenden | Fisher Brothers Farm LLC | Agriculture | Purchase equipment to manufacture dry ice to enhance their ability to supply fruit throughout the region. | $151,958 | $18,030 |
| Chittenden | Lake Champlain Community Sailing Center, Inc. | Outdoor Recreation | The award will help upgrade Lake Champlain Community Sailing Center's infrastructure to improve safety and modernize, the CIP award will update dock infrastructure, improve pathway to the dock, and purchase a large boat hoist. | $2,000,000 | $187,674 |
| Chittenden | Shelburne Museum | Arts and Culture | A building project that will add a contemporary, state-of-the-art exhibition and educational gathering space and landscape to the Museum’s 45-acre campus. | $10,000,000 | $500,000 |
| Franklin | The Learning Tree Child Care Center | Child Care | Construction of a building to prevent closure and allow for expansion of childcare facility. | $641,250 | $20,067 |
| Lamoille | Soulmate Brewing Company | Hospitality and Lodging |
Soulmate Brewing Company is a new brewery currently renovating an 1870’s Morrisville building to house brewing equipment and an accompanying tasting room in which the beer will be served. |
$1,557,810 | $82,234 |
| Orange | Appleseed Development LLC | Small Business | Transform an abandoned gas station into a destination eatery with an outdoor event venue. | $1,728,000 | $100,000 |
| Orange | Farm Developing LLC | Small Business | The FARM Developing team has planned a 64-room mid-high end scale hotel concept, a three-season outdoor tent event space, and a 152-seat restaurant attached to a 400-seat conference center in a 2-phase project. The project is situated on a 26-acre site near Exit 4 on Interstate 89. The CIP award will be used toward site development and preparing construction of the planned hotel building pad in mid-2023. | $17,500,524 | $963,197 |
| Orleans | Jay Peak, Inc. | Hospitality and Lodging | The Jay Peak, Inc. project is a replacement of a propane fired heating unit with an efficient electric boiler. This will reduce the energy costs for the resort as well as reduce the greenhouse gas emissions from its operation. | $1,075,204 | $130,179 |
| Orleans | Northeast Kingdom Development Corporation (Bogner) | Small Business | NEKDC will rehabilitate a vacant property known as the “Bogner Building” to house a growing manufacturing business. | $2,980,000 | $232,468 |
| Rutland | Haystack Catering LLC | Hospitality and Lodging | The Haystack Catering project involves the relocation and expansion of an existing food preparation business to provide catering services in southern Vermont. The intent of this project is to provide capacity for more events in its served market area. Grant monies will be used for the installation of a range hood. | $265,000 | $10,653 |
| Rutland | Paramount Center, Inc. | Arts and Culture | The renovation of the Paramount Theatre and adjacent four-story Richardson building represents one of Downtown Rutland's most transformative developments in the past two decades. CIP funds will help these properties become more accessible as well as set the stage for future upgrades. | $5,500,000 | $345,462 |
| Rutland | Vermont Farmers Market Education Center, Inc | Education | Vermont Farmers Food Center will renovate “the blue building” at 245 West Street. | $4,378,000 | $293,401 |
| Washington | Caledonia Spirits, Inc. | Hospitality and Lodging | Build four-season patio post and beam event canopy, thereby increasing event business while allowing the bar and retail spaces to remain open. This will contribute toward much needed event space in Montpelier and Central Vermont. | $938,915 | $181,818 |
| Washington | Central Vermont Habitat for Humanity, Inc. | Housing | Project will provide grants to help complete critical home repairs on households of income qualifying homeowners. | $240,000 | $39,475 |
| Washington | Living Well Group, Inc. | Senior Care Facilities | The CIP award will allow Living Well to update all resident bathrooms to become handicap accessible, thereby increasing the supply of long-term affordable housing units to low to moderate income residents. | $1,800,000 | $156,095 |
| Washington | Maple Corner Community Store, Inc. | Hospitality and Lodging | Project will upgrade the facilities of this hospitality business including the installation of HEPA (high efficiency particulate air) purification units and construction of additional seating area capacity. | $200,000 | $10,615 |
| Washington | Neck of the Woods, Inc. | Child Care | Neck of the Woods Inc. will expand the first floor of its facility to provide 30 additional daycare slots and will use the CIP award to construct a commercial kitchen and cafeteria on the first floor. This will enable Neck of the Woods to become a Head Start Program, allowing the facility to serve additional low to moderate income children and families. | $650,000 | $31,078 |
| Washington | Vermont Foodbank, Inc. | Food Hubs | As part of the ongoing renovation of its Barre facility, the CIP award will help to fund the purchase of high speed cooler doors, an electric pallet truck, and a ride along jack. The Vermont Food Bank has experienced increased demand as a result of the COVID-19 pandemic and this award represents a significant part of the response to this additional demand. | $1,032,885 | $158,147 |
| Windham | Boys & Girls Club of Brattleboro | Community Spaces | ,The Boys and Girls Club of Brattleboro (BGCB) will use the CIP award to upgrade their building’s HVAC system. This project will transform BGCB into a modern and energy efficient facility. Replacing the HVAC system is a long-term investment in maintaining a community resource that benefits the lives of many Vermonters. | $190,000 | $32,699 |
| Windham | Greater Rockingham Area Services, Inc. | Healthcare | Funding for the replacement of an inefficient oil burning heating system with a more efficient wood chip fired steam boiler system for this non-profit. | $1,755,000 | $72,054 |
| Windham | High Street and Green LLC | Community Spaces | High Street and Green will conduct a façade enhancement project on the north side of High Street as well as rehabilitation of this commercial building. | $1,176,600 | $114,609 |
| Windham | Retreat Farm LTD | Arts and Culture | CIP funds will help facilitate the North Barn to become a year-round public and private event venue and community gathering space, allowing Retreat Farm to help increase job creation and tourism. This project includes construction of a new parking lot and renovations to the North Barn, including foundation repairs and replacement, selective replacement of existing structure, insulation and mechanical engineering, and HVAC work. | $6,073,807 | $500,000 |
| Windham | Windham County Dental Center | Healthcare | Expand dental care to low to moderate income households by re-locating to larger facility. | $901,000 | $47,701 |
| Windham | World Learning, Inc. | Housing | Renovation of six dormitories to include kitchens, bathrooms, and hallways. These renovations will provide a stable, dependable housing source for 120 refugees needing transitional housing to avoid homelessness. | $124,000 | $62,000 |
| Windsor | Northern Stage Company | Arts and Culture | Rehabilitate a building to house performers for theatrical performances by expanding their facilities. | $7,504,416 | $417,621 |
| Windsor | TenFold Engineering LLC | Small Business | TenFold Engineering will rehabilitate a commercial building which will house manufacturing operations, in a Qualified Census Tract, for building permanent quality housing which can be moved when needed. | $22,350,000 | $500,000 |
| Windsor | The Center for Cartoon Studies, Inc. | Education | The Center for Cartoon Studies project will purchase land and rehabilitate the building located at 111 Gates Street. This work will include installation of HVAC, upgrading electric and plumbing systems, window replacement, and accessibility improvements. | $1,590,950 | $75,737 |
| Totals | $124,699,176 | $7,382,576 |