Bringing Financial Resources to Addison County
ACEDC recently made loans totaling $75,000 from our Revolving Loan Fund to two businesses: One an expansion and utilization of an under-utilized facility and the other to a start-up service company. Click here for more on ACEDC’s RLF.
ACEDC secured $60,000 in grants for four business expansions from the Vermont Department of Buildings and General Services’ Building Communities program.
ACEDC also secured a $1,600 grant from VSAC/Advance Vermont to help the Addison County Workforce Alliance (ACWA) present a series of Financial Reality Fairs in March 2020, targeted to high school juniors and other young adults in the community.
ACEDC is leading a coalition of community organizations to file an application to the Working Communities Challenge offered by the Boston Federal Reserve Bank. Six winners will get $15,000 planning grants and those six vie for three $300,000 implementation grants. A letter of Intent was filed on November 1 and the planning grant application is due December 13.