Vermont announces bonus round of state tax credits

By Brent Addleman | The Center Square

A bonus round of funding has been added to a Vermont program designed to breathe life into downtowns.

The Vermont Agency of Commerce and Community Development says $800,000 in state income tax credits are being made available beginning next year for projects designed to enhance the state’s history while improving building safety at aging historic commercial and community structures.

Applications for the bonus round are due by Jan. 16, according to the release.

Vermont previously made available $4 million in state funding at the end of September, which funded a record number of 49 projects, as previously reported by The Center Square. That round of funding was anticipated to generate $95 million in improvements to buildings and infrastructure across the state.

Gov. Phil Scott said at the time, “These investments are impactful, supporting local businesses, creating new housing, and improving the economic vitality of our community centers.”

He said the vision of the project was to combine federal relief dollars with state funds to “make Vermont an even better place to live, work and play.”

Current projects using the initial round of funding include the U.S. Customs House and Post Office in St. Albans and the renovation of the 1901 Champlain Theater located in the village center of Swanton. The structures are being converted into houses, in hopes of addressing the state’s housing needs.

Image courtesy of Bruce Parker/TNR
Spread the love

2 thoughts on “Vermont announces bonus round of state tax credits

  1. Another example of Nero fiddling while Rome burns….. Vermont Progs love their free money no matter what it’s for!

  2. What a joke. Great example of VT’s “feel good” nonsense…all meant to hoist that the numb nuts in Montpelier “care”. VT has a multi billion $ pension deficit….The pension investments (stock, bonds, real estate) have gotten destroyed this year. It would not surpruise me to see they LOST 18% of total assets. But VT says they assume 7% a year growth? HA HA. And lets not forget VT has about 630,000 residents and VT SPENDS $9.1 BILLION A YEAR? WHAT difference is $800,000 compared to $9.1 BILLION?

    So what does this stupid $800,000 do? It is nothing but “Feel Good Job Justification From Months of Silly Meetings and Memos” 🙂

Comments are closed.