On October 12, 2022

Rutland receives $1.5M grant for tech startups

The Chamber & Economic Development of the Rutland Region (CEDRR) recently secured a $1.5 million grant to launch Rutland’s Tech Startup Incubator, which will offer technology support and develop a mentor and investor network providing tech entrepreneurs capital needed to grow their businesses.

“The CEDRR board of directors and staff are very pleased that Rutland’s Tech Startup Incubator will become a reality for Rutland City, the county and the state,” said Lyle Jepson, executive director of CEDRR. “This has become a reality because of the great partnerships that have been forged and because of the unwavering support of all involved.”

The Venture Challenge grant was announced Oct. 5 via the U.S. Economic Development Administration (EDA) Build to Scale (B2S) program. CEDRR worked with the Center on Rural Innovation (CORI) to apply for this grant as part of CORI’s 2022 Rural Innovation Initiative, a technical assistance program in Hartland empowering rural communities to create inclusive digital economies that support scalable entrepreneurship and tech job creation.

The Initiative was launched in 2018 by CORI and its mission-aligned collaborating organization, Rural Innovations Strategies, Inc. To date, this program has graduated 29 communities and helped rural organizations secure more than $29.9 million to develop strategies and build out programs that can accelerate their local digital economic development efforts.

“The work that goes into the Rural Innovation Initiative process requires intense focus, unwavering optimism, and a clear vision for the future — which is why it’s been so exciting to watch these communities receive Build to Scale funding,” said Matt Dunne, a Hartland resident and founder and executive director of CORI. “This is the fourth year we’ve run this program, and each year we grow more inspired by the commitment these rural leaders have to transform their local economies with new tech pathways.”

The 2022 Build to Scale program awarded 51 grants to applicants from 31 states. The grants represent a combined $47 million in federal investment. Rutland was one of just eight rural applicants to receive the award this year.

“This is encouraging news for Rutland County and I’m grateful for CEDRR’s hard work in securing this grant,” said Gov. Phil Scott. “Growing the economy in all regions of our state is a top priority for me and my team, and investments like this make a big difference.”

Do you want to submit feedback to the editor?

Send Us An Email!

Related Posts

Large turnout for Hartland school budget info session

May 23, 2024
By Curt Peterson The May 21 Hartland school budget information session may be the best-attended school board gathering in recent history — an estimated 40 people attended in person at Damon Hall in Hartland, and another 41 tuned in online. Hartland voters had already approved the $11,040,567 budget 320-311 on April 2. But a petition…

20 degrees above average: May temps soar

May 22, 2024
By Erin Petenko/VTDigger Vermont is forecast to hit temperatures in the upper 80s Tuesday and Wednesday, far above normal for this time of year, the Vermont branch of the National Weather Service reported on Monday, May 20. Parts of the state, particularly the Champlain Valley down to Rutland in the west and the Connecticut River Valley regions to…

Gov. Scott vetoes bill that would’ve restricted bee-killing pesticide

May 22, 2024
Staff report On Monday, May 20, World Bee Day, Gov. Phil Scott vetoed legislation meant to protect bees and other pollinators from a widely-used neuorotoxic pesticide. The bill (H.706) would  eliminate most uses of neonicotinoid pesticides (neonics) in Vermont, which have been associated with alarming losses of managed and wild bee populations. Neonic insecticides are used on…

Piper takes on 10 marathons in 10 days, for charity

May 22, 2024
By John Flowers Salisbury’s Chip Piper will have run more during the next 10 days than most of us will run in a year. And he’ll be doing it for an important cause. Piper on Thursday, May 16, began running the first of 10 consecutive marathons in 10 days — a staggering 262 miles —…