VERMONT INCENTIVES 

Vermont shows an average deal value of $1.01 million with 39 new jobs created per deal

TAX STABILIZATION AND PROPERTY TAX ALLOCATION

The state has the discretionary authority to provide additional property tax relief, earned and installments paid only if targets are met and maintained. The program is statutory, but it is the discretion of the Vermont Economic Progress Council who determines if the company meets the requirements.

VERMONT EMPLOYMENT GROWTH INCENTIVE (VEGI)

Provides a grant, based on the revenue return generated to the State based on qualifying job and payroll creation and capital investments. Certain performance targets must be met.

THE VERMONT TRAINING PROGRAM

The state offers three training initiatives: new employment, upgrade, and crossover training for incumbent workers, providing funds to train employees in new and existing businesses in Manufacturing, Information Technology, Healthcare, Telecommunication, and Environmental Engineering. Training programs may include on-the-job, classroom, skill upgrade, or other specialized training which are mutually agreed upon between the state and employer.

OTHER VERMONT INCENTIVE PROGRAMS

  • Brownfield Redevelopment Grants
  • Research and Development Tax Credit
  • Income Tax Paid to Another State or Canadian Province Credit 
  • Percentage of Federal Investment Tax Credit
  • Utility Cost Rate Reductions