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You can now instantly access information on nearly all
available commercial rental properties in Burlington with
one phone call or e-mail. |
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Call Jon Adams-Kollitz, Economic Development Specialist, at
865·7187 or
e-mail him at jadamskollitz@ci.burlington.vt.us. In your request, please include
as much information about the type of space you need
including square footage, location, and price range. |
The Business Loan Program makes gap financing available to small
businesses that are located in Burlington, with particular attention
to targeted commercial revitalization areas including the Enterprise
Community, King Street and the Pine Street Business District.
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Typically, the Business Loan Program's
participation is limited to 25% of the total cost of a given project.
Loans used to purchase fixed assets or for operating capital are available
at 8% interest. Loans used to finance efficiency improvements and/or
reduce environmental waste will be offered at 4%. Loans used to finance
handicapped access construction will be offered at 0%. Occasionally,
the Program may also extend short-term, no-interest bridge loans to
non-profit organizations or government entities for projects that yield
substantial benefits to the community. |
The credit decision process involves a detailed analysis of the business and
its financial structure, management capacity and ability to repay the loan.
Priority is given to projects which offer greater potential for employment of
low and moderate income workers. You can
see examples of businesses assisted.
Ed Antczak, Economic
Development Specialist
802·865·7587 / eantczak@ci.burlington.vt.us
Some, though not all, of the tax incentives listed below are available only
in specific areas of the City. Maps are available to help you determine
which areas qualify. Follow the links below for a description of the
incentives, or come in and talk to us.
Wage Credits
Commercial Construction and Rehabilitation Incentives
Increased Equipment Depreciation and Zero Percent Capital Gains Rate
Ed Antzcak, Economic Development
Specialist
802·865·7587 / eantczak@ci.burlington.vt.us
The Vermont Job Gap Study found that less than one in four Vermont jobs paid a
livable wage - defined as the hourly wage / annual income necessary to cover
basic needs (food, housing, child care, transportation, health care, clothing,
household and personal expenses and insurance) plus federal and state taxes -
for single wage earner families. The study estimated that 83% of single
parents with two children in Vermont earned less than a livable wage.
The Community & Economic Development Office supports businesses striving to
pay livable wages. We can help businesses implement the strategies outlined in
the new 87-page toolkit developed by the
Vermont Businesses for Social Responsibility Research & Education Foundation.
The toolkit is designed to create quality, work/life-friendly workplaces,
offering an attractive package of combined wages, benefits and workplace
practices and remaining profitable at the same time. The toolkit is available at
www.vbsr.org/index.php/pages/static/cat/the_livable_jobs_toolkit.
Additionally, our
business loans include a wage agreement
that in most cases requires businesses to pay livable wages for the jobs they
are creating and retaining.
Bruce Seifer, Assistant Director for Economic Development
802·865·7179 / bseifer@ci.burlington.vt.us
Interested in government contracting opportunities?
Go directly to the Vermont
Business Assistance Network and register to receive notice about bid
opportunities, or
click here
to see additional information. If you own a business located in Burlington, you can contact
Ed Antczak
(802.865.7587 / eantczak@ci.burlington.vt.us) for more information.
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