Through local, state, and national avenues, there are various ways to obtain tax credits or incentives for your new or growing business.
State Tax Credits
The Town of Bristol enjoys the coveted status of a Vermont State Designated Downtown. As a result, property owners whose buildings exist within the boundaries of the Designated Downtown are eligible for a variety of tax credits for improving their property.
Bristol Revolving Loan Fund
The Bristol Revolving Loan Fund (RLF) was established with grant money the Town received in the mid 1980’s for Downtown Storefront improvement and low-income housing (apartment) renovations. The current RLF is money that has been repaid from the original and current loans. The fund is available for projects in Bristol. The RLF is designed for use in instances where conventional sources (bank loan, VEDA or SBA loan) may not fully a project. The fund can be used in conjunction with other sources of money.
Addison County Economic Development Corporation
The Addison County Economic Development Corporation is dedicated to helping businesses in all stages of growth retain and create good paying jobs in Addison County. As stated in the by-laws, ACEDC is organized exclusively for promoting the common business and economic interests of commercial enterprises in Addison County.
Helps homeowners and businesses seeking to use less energy, save money, and support a clean energy future.
Vermont Economic Development Authority (VEDA)
Since its creation by the Vermont General Assembly in 1974, VEDA has provided over $2.288 billion in financing assistance to thousands of eligible Vermont commercial and agricultural businesses, helping them grow and create jobs.
Vermont Employment Growth Incentive (VEGI)
Offers incentives to encourage business recruitment, growth and expansion in the Green Mountain State.
Vermont Training Program (VTP)
Partners with employers and training providers to train Vermont’s employees for the jobs of tomorrow.
Vermont Sustainable Jobs Fund
Provides early stage grant funding, technical assistance, and loans to catalyze and accelerate the development of markets for sustainably produced goods and services.