Economic Development

Foreign Trade Zone Agreements

A Foreign Trade Zone (FTZ) is an area within the United States that the government considers outside the country, or at least, outside of the U.S. Customs territory. Certain types of merchandise can be imported into an FTZ without going through formal customs entry procedures or paying import duties.

Operating within an FTZ allows a business to potentially defer paying duties. The company will also face lower costs, not at U.S. customs, but at its bank, insurance company, and other vendors.

Follow the links below to learn more about duty-deferment programs.

Arts & Culture

The Arts in Vermont
The Arts in Vermont

The arts community in Vermont—artists, museums and historic sites, arts promoters and agents, writers, and performing arts companies and presenters—plays an essential role in the economy, cultural diversity and the quality of life of Vermonters.

Software & Games

Software Development in Vermont
Developed in Vermont

The City of Burlington has been ranked among the top ten most innovative US cities. It’s also home to the highest concentration of software, web, and game development companies in the state.

Tax Increment Financing (TIF)

St. Albans - Stephen Goodhue
Taylor Park, St. Albans
Tax Increment Financing (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.

Vermont Employment Growth Incentive

Logic Supply, South BurlingtonThe State of Vermont offers an economic incentive for business recruitment, growth and expansion. The Vermont Employment Growth Incentive (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.

Directory of Housing Organizations

Housing photo
"Winter 2020" Edition

(updated 1/10/2020)

Contact information for Vermont federal and State Housing Agencies, Public Housing Authorities, Community Land Trusts and Housing Development Corporations, Regional Planning Commissions, Regional Development Corporations, Community Action Agencies, Agencies on Aging, Related Housing Organizations, NeighborWorks® Homeownership Centers, and Vermont's Congressional Delegation.

2020 Comprehensive Economic Development Strategy (CEDS)

In June, 2014, Vermont became one of the few states in the nation to complete a statewide comprehensive economic development strategy (CEDS). The Vermont 2020 CEDS was completed with immense help and input from stakeholders around the state and with the generous guidance and funding from the U.S. EconomicGround breaking photo Development Administration.

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