Group To Get $35 Million In Tax Credits For Jobs

Print More

A Vermont group working to create jobs is getting a big boost thanks to $35 million in federal tax credits.

The credits for the group Vermont Rural Ventures were announced yesterday by the three members of Vermont’s congressional delegation.

Vermont Rural Ventures is a subsidiary of the Burlington-based nonprofit group Housing Vermont.

President Nancy Owens says the program has meant jobs for Vermonters and opportunities for people in low-income communities. The money will support community development, manufacturing, and farm and forest businesses.

The group used an earlier series of similar tax credits to help finance an expansion of the Weidmann Electrical Technology manufacturing facility in St. Johnsbury, a new Community College of Vermont building in Rutland, and a new campus for Laraway Youth and Family Services in Johnson.

Comments are closed.