WW Building Supply Receives Windham County Funds for New Facility
NEWFANE, VT – WW Building Supply, a home improvement supply store, has recently been awarded a $250,000 loan through the Windham County Economic Development Program (WCEDP).
The loan will contribute to the construction of a new 14,700 square foot building at 551 VT Route 30 in Newfane, VT. WW Building Supply had outgrown their current facility and was seeking options to remain in Newfane rather than moving elsewhere. WW Building Supply will build the new facility adjacent to the existing property.
"After 50 years invested in our local community, we're excited to continue our story in Newfane, Vermont,” said WW Building Supply President Ed Druke. “Our new facility will improve many aspects of our operation and we will never lose our focus on strong relationships, solutions-oriented customer service, and quality products. The funding from WCEDP has been a great help in moving this project forward and we hope to be a valuable contributor to Windham County and southern Vermont for the next 50 years."
The new building will allow for expanded retail space, an expanded paint center, a showroom, and onsite product inventories. The company plans to hire and train five new employees over the next three years. The jobs created will vary in disciplines, including retail support, inside and outside sales, lumber yard support, kitchen and bath design, and management positions.
“We are happy to provide funding to WW Building Supply to expand their business operations,” said Joan Goldstein, Department of Economic Development Commissioner. “By creating this new facility, more people in Windham County can find gainful employment and WW Building Supply can continue to offer its wide array of products to southern and central Vermont, southern New Hampshire, and northwestern Massachusetts.”
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About the Agency of Commerce & Community Development (ACCD)
The ACCD’s mission is to help Vermonters improve their quality of life and build strong communities. The ACCD is comprised of four Departments: the Department of Economic Development (DED), the Department of Housing and Community Development (DHCD), the Department of Administration, and the Department of Tourism and Marketing (VDTM). The Agency reports annually to the Legislature on activities and outcomes. For more information on the Vermont ACCD, visit http://accd.vermont.gov/.
About the Windham County Economic Development Program (WCEDP)
WCEDP is administered by the Vermont Agency of Commerce and Community Development in cooperation with the WCEDP Advisory Council. The funds were secured through a Memorandum of Understanding (MOU) governing the closure of the Vermont Yankee nuclear power plant, for the purpose of mitigating the impacts of closure on the region’s economy including the loss of over 600 jobs. WCEDP investment promotes economic development in Windham County by stimulating job creation through business start-up, expansion, or relocation, by encouraging entrepreneurial activity, and by strengthening the economic development infrastructure to ensure a strong foundation for transformational economic activity. For more information on WCEDP, visit http://accd.vermont.gov/economic-development/funding-incentives/windham-county.
About BDCC
The Brattleboro Development Credit Corporation is a private, nonprofit economic development organization that serves as a catalyst for industrial and commercial growth throughout Southeastern Vermont, including Windham County and the towns of Readsboro, Searsburg, Winhall, and Weston. BDCC serves as the State of Vermont’s certified Regional Development Corporation (RDC) for the greater Windham County area. For more information visit: https://brattleborodevelopment.com/
About VEDA
The Vermont Economic Development Authority (VEDA) is Vermont’s economic development finance lender. VEDA’s mission is to contribute to Vermont’s economic vitality by providing a broad array of financing programs to eligible businesses that create jobs and help advance Vermont’s public policy goals. VEDA offers a wide range of low-cost lending options. VEDA partners with the Windham County Economic Development Program (WCEDP), Brattleboro Development Credit Corporation and Vermont Agency of Commerce and Community Development to review and make the WCEDP loans in order to help to grow Windham County companies thrive and take advantage of new opportunities. For more information about VEDA, visit https://www.veda.org/ .