19 Vermont Towns Receive $1.8 Million in Downtown Tax Credits
On a sunny afternoon in Barre, Governor Douglas announced the allocation of $1.8 million in tax credits to assist in the renovation or repair of buildings in downtown and village centers, including the fire damaged Aldridge Block. Since FY 2007, the state has invested $8.3 million in the program which has leveraged $133 million, a $16 dollar return on every dollar spent.
The Town of Danville, one of our Community Planning Partners, received $23,175 for code improvements. Twenty Hill Street was a former hardware store that Jeff and Nancy Frampton have turned into an apartment on the second floor and Bentley’s, a new bakery and café, on the first. Since opening this spring, Bentley’s has become a favorite of residents and tourists alike. So if you are in the area, stop in.
This program supports community revitalization, creates jobs, generates state revenues and stimulates private investments where we need it most – in our downtown and village centers. View the program summary and a full list of the projects.