Research and Development Tax Credit: Businesses that incur qualified R&D expenses can claim a non-refundable tax credit equal to 27% of the federal tax credit. The credit can be carried forward for up to 10 years.
Vermont Employment Growth Incentive (VEGI): This discretionary program provides a performance-based cash grant to businesses that create new full-time jobs and make capital investments. The incentive award is disbursed in 5 equal installments once project milestones have been met.
The Vermont Training Program (VTP): Businesses seeking to train newly hired workers and/or upgrade the skills of existing employees may be eligible for a discretionary training grant. The value of the grant may equal up to 50% of eligible training costs and is provided in the form of a reimbursement upon completion of employee training.
Vermont Economic Development Authority Loans: Offers low-cost, non-forgivable financing for the purchase of land, buildings, or equipment.
Last updated: April 2016