The Business Support staff in DED principally counsel businesses to make them aware of the various resources that are available to facilitate employee training, workforce, market expansion, facilities growth, and relocation. In addition, our counselors coordinate the various programs that are available while collecting commentary from business leaders and reporting it to State leadership.
Brownfields Revitalization Fund
The Brownfields Revitalization Fund promotes the productive reuse of sites that are currently underutilized due to contamination on the site. By providing financial assistance for cleaning up these sites, Vermont continues its commitment to environmental stewardship, community investment, and economic growth.
Business Emergency Gap Assistance Program (BEGAP)
BEGAP is a grant program for businesses and nonprofits that suffered physical damages from flooding events.
International Trade Assistance (STEP)
STEP funding assistance is available to eligible small business exporters to support entry into foreign markets or expand international export activity through trade shows, trade missions, market research, e-commerce, and export education.
TIF is a tool that municipalities use to finance improvements for public infrastructure like streets, sidewalks, and storm water management systems. The improvements serve a specified area known as a TIF District. Active and retired TIF Districts have proven that TIF leverages additional private investment that builds and renovates the housing, commercial, and retail space needed to grow jobs and the economy.
Vermont Employment Growth Incentive (VEGI)
The State of Vermont offers an economic incentive for business recruitment, growth, and expansion. The VEGI program provides cash payments to businesses that have been authorized to earn the incentive and who then meet performance requirements. The value of each payment is based on the revenue return generated to the State by prospective qualifying jobs, payroll creation, and capital investments.
Vermont Training Program (VTP)
The 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 and training for new hires and incumbent workers.