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Economic Programs, Providers & Services GBIC~The Greater Burlington Industrial Corporation Frank Cioffi, President; Curt Carter, Vice President; Seth Bowden, Dir. Business Development P.O. Box 786 60 Main St., Burlington, VT 05402 Tel. 802.862.5726 Fax: 802.860.1899 ~ [email protected] www.gbicvt.org The following is a compilation of the Providers, Programs and Services of Economic Development in Vermont Vermont’s Primary Economic Development Providers Vermont Agency of Commerce & Community Development ……………………..….3 Department of Economic, Housing and Community Development………..........3 Department of Travel, Tourism & Marketing ………………………………………..…………5 Vermont’s Regional Development Corporations (RDCs) ………………………………..5 Existing Vermont Economic Development Programs, Resources, Incentives and Resource Partners Financing: Vermont Economic Development Authority VEDA ………………………………………….7 Fresh Tracks Capital ……………………………………………………………………………………..11 Vermont Seed Capital Fund…………………………………………………………………………...11 North Country Angels ……………………………………………………………………………………11 Vermont Venture Network …………………………………………………………………………....12 Vermont Sustainable Job’s Fund…………………………………………………………………….12 Vermont Community Foundation ….…………………………………………………………….…13 Revolving Loans Funds …………………………………………………………………………………..14 Workforce Training: Workforce Development Council ………………………………………………………………….14 Workforce Investment Boards ……………………………………………………………………….14 Peer to Peer Collaborative ………………………………………………………………….………….15 Vermont Training Program VTP …………………………………………………………………….15 Workforce Education & Training Fund WETF …………………………………………………16 Infrastructure Grants and Loans Vermont Community Development Program VCDP ………………………………………17 Vermont Economic Incentives Vermont Employment Growth Incentives VEGI …………………………………………..17 1 Targeted Industry Sector Incentives Vermont Captive Insurance Program ……………………………………………………………20 Efficiency Vermont ………………………………………………………………………………………….21 Research & Development Funding Small Business Innovation Research (SBIR) …………………………………………………22 Vt. Experimental Program to Stimulate Competitive Research EPSCoR ………22 Vermont Economic Development Resource Partners Vermont Small Business Development Center VSBDC ……………………………….23 Vermont Manufacturing Extension Center VMEC …………………………………………23 Vermont Information Technology Center VITC ……………………………………………24 Lake Champlain Regional Chamber of Commerce LCRCC ……………………………24 Regional Planning Commissions RPCs ………………………………………………………….25 Chittenden County Regional Planning Commission CCPRC …………………………25 The Vermont Ski Areas Association VSAA ……………………………………………………25 Local & Community Development Corporations ………………………………………….26 City of Burlington Community Economic Development Office CEDO …………..26 The Vermont Council on Rural Development VCRD ………………………………………26 Vermont Technology Council ………………………………………………………………………….27 Vermont Center for Emerging Technologies VCET ………………………………………27 The Vermont Business Center (VBC) at The University of Vermont’s School of Business Administration …………………………………………………….28 University of Vermont Office of Technology Transfer …….…………………………..28 The National Center for the Study of Counter-Terrorism and Cyber Crime at Norwich University ………………………………………………………………29 Vermont Business Roundtable VBR ……………………………………………………………..29 Associated Industries of Vermont AIV …………………………………………………………30 Associated General Contractors of VT AGC ………………………………………………….30 The Vermont Chamber of Commerce …………………………………………………………..32 Vermont Society of Association Executives VSAE ……………………………………….32 Vermont Businesses for Social Responsibility VBSR ……………………………………32 The Vermont Family Business Initiative at UVM ………………………………………….32 University of Vermont Instrumentation and Model Facility ………………….………32 Vermont Colleges & Universities ………………………………………………………………….33 Workforce Education, Development and Training University of Vermont Division of Continuing Education ….………………………….34 University of Vermont Career Services ……………………………………….……………….35 Champlain College Workforce Development Center …………………………………….35 Vermont Technical College Technology Extension Division .…………………………36 Vermont State Colleges Workforce and Business Development Network ……37 The Vermont Women's Business Center ………….…………………………….……………37 Linking Learning to Life …………………………………………………………………………………37 Vermont Educators ……………………………………………………………….……………………….40 Vermont HiTec ……………………………………………………………………………………………….40 Vermont Employee Ownership Center………………….………............................40 2 WHO DELIVERS ECONOMIC DEVELOPMENT SERVICES VERMONT’s Primary Economic Development Providers: State of Vermont: The Vermont Agency of Commerce and Community Development The Agency of Commerce and Community Development encompasses two major state departments and many programs that serve the Vermont public by enhancing the Vermont business climate, marketing Vermont to tourists and others, and strengthening Vermont communities in a wide variety of ways. The Agency is comprised of the Departments of Economic, Housing, and Community Development, and Tourism and Marketing. The Agency also includes: Vermont Life Magazine, the Vermont Downtown Program and the Division for Historic Preservation. The Vermont Agency of Commerce and Community Development is organized to provide economic development, land use planning, and tourism and state marketing & promotions in an integrated approach through the providers, programs and services of the: The Vermont Department of Economic, Housing and Community Development1 Programs/services of the Department: Vermont Procurement Technical Assistance Center2 – For businesses with an interest in selling to the government, the Vermont Procurement Technical Assistance Center (VTPTAC) is where to begin. VTPTAC is part of a network of 93 Procurement Technical Assistance Centers that share one common goal: to provide businesses with an understanding of the requirements of government contracting, subcontracting and the know-how to obtain and successfully perform federal, state, and local contracts. Vermont Training Program3 – The Vermont Training Program provides funds for the training of employees in new and existing businesses in the sectors of Manufacturing, Information Technology, Healthcare, Telecommunications and Environmental Engineering. The State offers three training initiatives: new employee training; upgrade training and crossover training for incumbent workers. These individually designed training programs may include on-the-job; 1 http://accd.vermont.gov/business 2 http://accd.vermont.gov/business/start/vtptac 3http://accd.vermont.gov/business/start/training 3 classroom; skill upgrade; or other specialized training which are mutually agreed upon between the State and employer. Recruitment4– The Vermont Department of Economic Development provides customized and confidential assistance to out-of- state companies that are interested in expanding or relocating to Vermont. Large and small businesses alike receive individualized attention on matters such as site location, finance options, training programs, tax incentives, and more. This department coordinates in- state site visits and serves as a liaison with other state offices. Financial Services Resources5 – Vermont is home to a healthy financial services community, ranking as the nation’s largest captive insurance domicile with over 700 companies licensed and $10 billion in premiums flowing through the state last year. Since 1981, Vermont has passed legislation to keep pace with the changing needs of the financial services industry, including the Financial Services Development Tax Credit passed in 1996. The Department of Economic Development provides assistance with recruitment efforts, as well as ongoing support of Vermont Financial Services businesses. 6 Vermont Global Trade Partnership – The Vermont Global Trade Partnership (VGTP) is Vermont's center for international business assistance. Formed in 2004, the Trade Partnership provides technical assistance and trade counseling, import and export leads, educational programs, coordinated trade missions and trade shows, and many other useful services to help Vermont companies seeking to succeed in international markets. It is the Mission of the Vermont Global Trade Partnership to provide, through collaboration, sustainable, cost effective and coordinated assistance to Vermont companies doing business in the global marketplace with emphasis on providing technical assistance, information, facilitation, training and support. Housing and Community Development7 Housing and Community Affairs offers a wide range of programs to further sustainable development in Vermont communities. The department is the state's central office for local and regional land use planning, state housing policy including the mobile home park program, the Vermont Community Development Program, state-owned historic sites, archeological resources, and preservation of Vermont's historic downtowns and village centers. 4 http://accd.vermont.gov/business/why_vermont 5 http://economicdevelopment.vermont.gov/Programs/CaptiveInsurance/tabid/120/Default.aspx 6 http://accd.vermont.gov/business/start/international_trade 7 http://accd.vermont.gov/strong_communities/housing 4 The Vermont Department of Travel, Tourism and Marketing8 The Vermont Department of Travel, Tourism and Marketing offers a wide range of travel and tourism services through an integrated statewide network of statewide regional marketing providers located in every county in Vermont. The department coordinates the marketing programs of the state and works collaboratively
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