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Vermont Employment Growth Incentive

Vermont Agency of Commerce and Community Development (ACCD)VT-VEGIRefreshed 1 month ago
Do I qualify?
Max funding

Varies

Amount varies

Type

Subsidy

Ongoing cost support

Deadline

Rolling

No fixed cutoff

Timing

Rolling

No fixed cutoff

Complexity

Moderate

Standard state application

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 20–24% 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

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.Must create net new qualifying jobs with wages 160%+ of minimum wage

2.Employer-paid health insurance with 60%+ premium contribution required

3.Incentive based on 20–24% of payroll taxes and capital investment tax

4.Business must demonstrate project is at risk of not happening without incentive

5.Clawback provisions if employment drops below required levels

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