The Agency of Commerce and Community Development (ACCD) and the Vermont Economic Progress Council (VEPC) announced May 8 John Russell would be the new chair of the Vermont Economic Progress Council. John Russell was first appointed to the VEPC Board […]
Tag: Vermont Economic Progress Council
Killington town, residents champion TIF, seeking approval
By Polly Mikula The Vermont Economic Progress Council (VEPC) met with the town of Killington and its residents via Zoom Thursday, Jan. 27, for a public hearing on the town of Killington’s tax increment financing (TIF) application. The town hopes […]
Killington town answers frequently asked questions about its proposed TIF district
Editor’s note: After two public meetings, Nov. 29 and Jan. 4, regarding the proposed Tax Increment Financing (TIF) district in Killington, the town has compiled answers to frequently asked questions. These were updated on Jan. 10. At the meeting Jan. […]
Killington Select Board approves TIF application
By Curt Peterson and Polly Mikula Thirty-eight people on Zoom joined at least three dozen others in person on Tuesday evening, Jan. 4, when the Killington Select Board approved the Tax Increment Financing (TIF) District plan and financing plan and […]
What are tax increment financing (TIF) districts?
State answers frequently asked questions about program designed to spur development through investment in public infrastructure What is a tax increment financing district? Geographically, it is a district, created by a municipality, where public infrastructure is required to encourage private […]
Emergency board approves employment growth incentives
On Dec. 1, the Emergency Board approved Gov. Peter Shumlin’s recommendation to increase the cap on the Vermont Employment Growth Incentive for projects in economically distressed regions of Vermont. The approval allows for consideration of proposals that could create 200 […]