Economic development group offering business grants
MIDDLEBURY — The Addison County Economic Development Corp. (ACEDC) announces that it will award five grants of $500 each to Addison County businesses for green energy projects. Winning businesses must make a minimum 1:1 matching contribution to the project. Applications are due by Friday, Nov. 13.
Eligibility requirements for the applicants include the following: The business must be located in Addison County, and the applicant must be in compliance with state regulations, be registered with the Vermont Secretary of State, and be in good standing.
Application scoring will be based on the quality and readiness of the proposal and concept, the green energy impact, the demonstrated need and the leveraging of funds.
“We are excited to offer this small grant program to Addison County businesses,” said Robin Scheu, executive director of ACEDC. “We wanted to make the program as flexible as possible and let our businesses be creative about how they might use the grant funds.” Examples of possible green energy projects could be: installing an electric car charger to attract customers, providing discounts on bus passes for commuting employees or gas cards for employees to carpool, upgrading shop machinery, investing in more efficient lighting/insulation/windows, or purchasing gear for bicycle-commuting employees.
Winning applicants must agree to have ACEDC promote their green energy projects, provide photos of their projects, and attend the awards presentation at ACEDC’s annual meeting in Middlebury on Dec. 4.
Applicants are encouraged to be imaginative. Winning applications will demonstrate impact. Membership with ACEDC is not required to apply or to win. Applicants must provide a cash match equal to at least 100 percent of the grant ($500).
For more information, call 802-388-7953. To download the application visit bit.ly/1OURdJp.