Difference between revisions of "Vermont Employment Growth Incentive (Vermont)"

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Revision as of 18:27, 15 December 2012

Last modified on December 15, 2012.

EZFeed Policy

Place Vermont

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
Active Policy Yes
Implementing Sector State/Province

Program Administrator Vermont Agency of Commerce and Community Development

Information Source http://www.state.vt.us/tax/creditsvegi.shtml


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.

Policy Contact

Contact Name Fred Kenney
Department Vermont Agency of Commerce and Community Development
Division Department of Economic, Housing & Community Development
Address 133 State Street
Place Montpelier
Zip/Postal Code 5633
Phone 802.828.5256

Email fred.kenney@state.vt.us