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SubsidyVermontActiveVerified

Vermont Employment Growth Incentive

Vermont Agency of Commerce and Community Development (ACCD)VT-VEGI
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Vermont

About This Program

Cash incentive payments for Vermont businesses creating new qualifying jobs, calculated as a share of new payroll and capital investment over a 5-year period.

Key Requirements & Eligibility

  • 1Must create net new qualifying jobs with wages 160%+ of minimum wage
  • 2Employer-paid health insurance with 60%+ premium contribution required
  • 3Incentive based on 20โ€“24% of payroll taxes and capital investment tax
  • 4Business must demonstrate project is at risk of not happening without incentive
  • 5Clawback provisions if employment drops below required levels

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

ManufacturingTechnologyHealthcareAgriculture & Rural
Official Source