FREE $MONEY$ FOR NEW BUSINESSES

FREE $MONEY$ for NEW BUSINESS to move in here!

    The Woodstock Vermont Economic Development Commission has launched a new grant program for new business owners in the downtown village area. The Retail Business Startup Incentive Grant seeks to attract new business owners to the historic downtown and to provide rental assistance, to help with the first year of expenses.

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    Woodstock is a thriving, eclectic and vibrant community home to many well-established retail, dining, and lodging venues. There are several storefronts in the village that have yet to be created into a bustling part of this community. The grant would offer two months of free rent to the new business owner. This will be so helpful as most new businesses have quite the expense list in their first year.

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    Some residents have their hopes of seeing a traditional barbershop return to the village, while others are hoping for a new venue like a child-care facility. I have personally always hoped for a new dining experience, Woodstock has pretty much everything when it comes to food genres, but we are lacking a Sushi Bar and a Mexican Tapas location.  I also believe that a Paint-N-Sip or Cork-N-Canvas venue would benefit the downtown area attracting people to stay longer and later hours in the village.

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"Woodstock, Vermont is located in one of the highest-ranked states for personal and professional opportunities, making it an inspiring place to live, work, and thrive. With a strong commitment to health, education, business, creativity, and quality of life, you’ll wonder why you didn’t move here sooner." (Woodstock, VT)

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The Town will provide financial assistance to a tenant who meets the following criteria in the “metered district” in Woodstock Village:

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  1. The space has been vacant/unoccupied for 180 days or more.
  2. The prospective tenant is not operating the same business within the metered district already and is not a national chain (defined as more than 10 stores.)
  3. The prospective tenant has signed a lease with the property owner, said lease to be a minimum term of 365 days.
  4. The Town, from the Economic Development Fund, will provide the tenant with a grant equal to $2.50/square foot, limited to the footprint of the retail space being leased (excluding additional space rented from the property owner that is not used directly in the business) within 30 days of the execution of the lease.
  5. The Town, from the Economic Development Fund, will provide the tenant with an additional grant equal to $2.50/square foot as described above after the tenant has operated the new business in the space for 180 days.

For more information on the Retail Business Startup Incentive, contact EDC Coordinator Sally Miller at smiller@townofwoodstock.org.  (Press Release)

Photo is a Screenshot from NBC News 5 Video - link in article

NBC NEWS 5 did a wonderful brief about this new grant, click here to view the 1:27 video.

Reference and Other Helpful Links:

Photo is a Screenshot from NBC News 5 Video - link in article

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