The first step in completing your VEGI Pre-Application or Application is to contact Megan Sullivan (VEPC's Executive Director) and the appropriate Regional Development Corporation (RDC). This should be done well before your project will commence. Megan and your RDC will guide you through the application process and answer any questions that you may have.
To utilize any incremental Education Property Tax revenue to finance TIF District infrastructure debt, a TIF District Application, including a TIF District Plan and a TIF District Financing Plan must be considered and approved by the Vermont Economic Progress Council (VEPC). The state approval process also requires that certain steps and approvals occur on the municipal level prior to approval by VEPC. VEPC must determine if a TIF District, as presented in a TIF District Plan and application, meet statutory approval criteria based on need (But For), process, location, and project goals.