Economic development is traditionally those efforts to attract and retain employers, help existing businesses expand, and provide public infrastructure, job training, education, and a favorable business climate. TRORC believes that much of our work relates to economic development. For example, the quality of life in our region is a major draw for businesses and can be sustained through proper planning. Infrastructure, especially transportation networks, is important to business and our local and regional planning efforts help to make sure that these networks function well. And the redevelopment of Brownfields properties can provide jobs during the clean up and construction phases of the project, ultimately creating new business opportunities and revitalizing communities.
The prime agency for economic development in our region is the Green Mountain Economic Development Corporation (GMEDC). Their staff works closely with new and existing businesses as well as the towns in our region to establish a healthy climate for economic development and performance throughout the region. They are a resource for technical support, work force needs, funding and financing, permitting, site and building information and other key business needs. GMEDC provides financial information and packaging, Vermont Small Business Development Center (VtSBDC) technical assistance, land and building site inventories, and assistance in securing state and federal loans. VtSBDC works to strengthen existing business entities and assist start-ups with high-quality, no-cost counseling and affordable training programs.
See the related links below.
Green Mountain Economic Development Corporation (GMEDC)
Vermont Small Business Development Center (VtSBDC)
US Government site for Economic Development and Infrastructure
Vermont Department of Economic Development