Community Development Digest

Vermont

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Community Development from Coast to Coast

A quick roundup of development-related news from around the nation.

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$45 Million Earmarked for Lake Champlain Basin

In recent years, Lake Champlain has been plagued by blue-green algae blooms that periodically become toxic.

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New Law’s Programs to Focus on High-Tech Employment

Newly enacted legislation in Vermont includes two new programs to support the establishment and growth of local firms and high-tech companies.

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Vermont Campaign to Promote Jobs

State agencies, private companies, universities, alumni networks and business associations are partnering on the effort.

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Vermont to Reestablish Economic Development Agency

The new department will focus exclusively on supporting businesses and attracting new employers to Vermont. The change won't require any additional state employees.

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$22 Million in Recovery Funding Headed to Vermont through CDBG

Applications for funding are being accepted by Vermont's Department of Economic, Housing and Community Development from towns, businesses, farms and other groups affected by flooding last year.

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State and Local Briefs

Maine: The Aroostook County Action Program Inc. (ACAP) receives certification as a Community Development Entity (CDE), making it eligible for Community Development Financial Institutions Fund money from the Treasury Department.  As a result, ACAP can benefit from are the New Markets Tax Credit (NM...

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VT CDBG Funds Go to Mixed-Use Redevelopment

A downtown revitalization project in Morristown, VT receives the bulk of projects financed using a portion of CDBG funds through the state Department of Commerce and Community Development.

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VT Gets Waiver to Expand CDBG Disaster Funding Use

HUD grants the state of Vermont a long-sought federal waiver that allows state officials to use $4.5 million of CDBG disaster recovery funding in areas outside those initially designated to receive money. HUD issued $21.6 million in disaster recovery funds to Vermont in January to address damage ca...

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Vermont Gets Increase in Disaster Recovery Funds

The White House approves a 15% increase in disaster recovery dollars for Vermont, which could mean as much as $30 million in additional funding for a state struggling to recover from Tropical Storm Irene. The move follows requests for increased funding from Vermont Gov. Peter Shumlin (D) and the sta...

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