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Vermont Employment Growth Incentive (VEGI)

Vermont Economic Progress Council (VEPC)VT-VEGIRefreshed 1 month ago
Do I qualify?
Max funding

$500K

per applicant

Type

Grant

Cash award, application-based

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Or check for open cycles

Complexity

Moderate

Standard state application

About This Program

Cash incentive payments for Vermont businesses creating new full-time jobs above a performance benchmark. VEGI is a post-performance incentive — businesses receive annual payments for 5 years after verifying job creation, wages, and capital investment milestones.

Key Requirements & Eligibility

  • 1Business must demonstrate job growth above baseline projections
  • 2Minimum 5 new qualifying jobs (some exceptions for startups)
  • 3Wages must meet Vermont minimum thresholds
  • 4Post-performance payment over 5 years
  • 5Apply to Vermont Economic Progress Council before hiring begins

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Business must demonstrate job growth above baseline projections

2.Minimum 5 new qualifying jobs (some exceptions for startups)

3.Wages must meet Vermont minimum thresholds

4.Post-performance payment over 5 years

5.Apply to Vermont Economic Progress Council before hiring begins

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