GBIC exists to help Chittenden County employers succeed. From financial assistance, to resources for workforce training, to site location for your growing company, we work closely with you and our partners at the local, state, and federal levels to support your goals.
The Vermont Employment Growth Incentive (VEGI) offers a cash incentive for new job creation to qualifying businesses. Eligibility is determined by the Vermont Economic Progress Council based on three factors:
Our staff can help you understand eligibility criteria and prepare a successful application for VEGI, as well as other incentive programs that may be available.
Looking to relocate or expand your existing footprint? Need help navigating permitting and zoning regulations in Chittenden County?
Our team works closely with local developers, commercial and industrial realtors, and state and regional planning commissions to ensure businesses can reach their growth potential in Vermont.
Among the hundreds of businesses we have helped find their home in Vermont:
New construction for BETA Technologies' state-of-the-art aerospace manufacturing facility in Williston.
Relocation of Burton Snowboards' global headquarters to Burlington.
New headquarters for Vermont SportsCar to design and engineer high-performance race vehicles in Milton.
Relocation of Vermont Smoke & Cure’s meat processing facility in Hinesburg following flood damage.
Relocation of Blodgett Ovens, the world’s leading manufacturer of commercial ovens, from Burlington (now occupied by Hula) to Essex.
Expansion and improvements at family-owned and operated Bolton Valley Resort.
New construction of a 140,000 square foot facility for tech company OnLogic in South Burlington.
GBIC has also developed seven industrial parks and currently operates the Catamount Industrial Park in Milton, VT.
We approach workforce development from a variety of angles. From training and education, to affordable housing, to policy, we work with partners at the state and regional level to advocate for business and connect you with the right resources.
VTP provides performance-based workforce grants for pre-employment training, training for new hires, and training for incumbent workers. This training can either be on-site or offered through an outside provider. Grants may cover up to 50% of the training cost.
BTC provides technical and career-focused education to high school and adult students wishing to improve their skill sets as they work towards future goals. BTC partners with area employers to provide the most up-to-date work-site training and educational opportunities in sectors ranging from automotive repair to criminal justice.
CTE offers comprehensive technical programs for high school and adult students seeking career exploration, preparation, and technical literacy in the fields of applied science and technology, professional and personal services, and information technology. CTE understands that adult students may have different needs in terms of finances and time, and works to provide opportunities to help these students thrive.
GBIC works with employers to understand the capital market in Vermont, assist with financing through the Vermont Economic Development Authority, access debt financing options through banks, and identify equity capital resources.
VEDA provides low-interest loans to businesses in Vermont, helping them grow and create jobs. Originally established to support industrial growth, VEDA’s operating statute has been updated to include agriculture, energy, small business, manufacturing, travel & tourism, and entrepreneurial business.
Numerous Vermont-based equity funds support entrepreneurs and startups in the areas of technology, rural economic development, agriculture and food systems, and renewable energy.
The region is home to more than a dozen commercial banks and credit unions.
A trusted voice for the Vermont business community, GBIC maintains a consistent presence in the statehouse and strong relationships with municipal and federal government to ensure your interests are well-represented. Our team offers updates on legislative priorities, policy updates, news from the capital, and more in our newsletter, 60 Main Monthly.
Regional Project Prioritization lists identify the highest priority projects in the region that support job growth and economic development.
GBIC and the Chittenden County Regional Planning Commission recommend projects for the Chittenden County RPP List.
To learn more or to submit an application: click here or email gbic@vermont.org.
Sign up here to recieve 60 Main Monthly, GBIC’s economic development newsletter for Vermont employers.
PHONE: (802) 862-5726
FAX: (802) 860-1899
EMAIL: gbic@vermont.org
60 Main Street. P.O. Box 786, Burlington, VT 05402
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