TAX CREDIT

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. 

GRANTS

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.

TRAINING PROGRAMS

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.

LOW COST FINANCING

Vermont Economic Development Authority Loans: Offers low-cost, non-forgivable financing for the purchase of land, buildings, or equipment.

 

Last updated: April 2016

 


 
BIGGINS LACY SHAPIRO & COMPANY
PRINCETON
47 Hulfish Street, Suite 320
Princeton, NJ 08542
(609) 924-9775
NEW YORK
215 Park Ave South
New York, NY 10003
(646) 652-7555
CHICAGO
30 S. Wacker, Suite 2200
Chicago, IL 60606
(312) 924-2490