Northern Border Regional Commission Grant Received!

News Story: 

The VEOC is excited to announce that we were selected as one of the fourteen Vermont organizations to receive a grant from the Northern Border Regional Commission! The Commission, which funds economic and community development initiatives in economically challenged areas on the northern border with Canada, recognized the value of employee ownership as an effective strategy for job retention via successful business ownership succession, and allocated up to $40,000 in matching funds for loans made by our Vermont Employee Ownership Loan Fund to employees groups seeking to purchase their workplaces in Franklin, Lamoille, Essex, Orleans, and Caledonia counties.

Many thanks to Jared Duval of the Vermont Department of Economic Development for bringing this grant opportunity to our attention, and to Christine Frost for her helpfulness in answering our questions while writing the application. We're looking forward to the opportunity to work with business owners and employee groups on transitioning businesses to employee ownership in the Northern Border region with this new tool in our box!