Vermont Employment Growth Incentive (Vermont)
Last modified on February 13, 2013.
|Applies to States or Provinces||Vermont|
|Name||Vermont Employment Growth Incentive (Vermont)|
|Policy Category||Financial Incentive|
|Policy Type||Industry Recruitment/Support, Performance-Based Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Vermont Agency of Commerce and Community Development|
|Primary Website|| http://accd.vermont.gov/business/start/vegi
The purpose of the Employment Growth Incentive (VEGI) is to encourage job creation in Vermont by a Vermont company, a Vermont division of a company that plans to grow and expand in Vermont, a company considering locating a new business or division in Vermont, or a Vermont start-up business activity. VEGI can provide a cash payment, based not the revenue return generated to the state by prospective qualifying job and payroll creation and capital investments, to businesses that have been authorized to earn the incentive and who then meet performance requirements.
|Contact Name||Fred Kenney|
|Department||Vermont Agency of Commerce and Community Development|
|Division||Department of Economic, Housing & Community Development|
|Address||133 State Street|