ACEDC Wins $53,000 in Economic Development Grants for Six Addison County Businesses
For Immediate Release:
November 14, 2022
MIDDLEBURY, VT – Governor Scott and Jennifer M.V. Fitch, Commissioner of the Vermont Department of Buildings and General Services (BGS), have notified the Addison County Economic Development Corporation (ACEDC) that they were awarded $52,760 for six Addison County businesses through the Building Communities Grant Program for projects in Bristol, Cornwall, Middlebury, New Haven, and Vergennes.
Thanks to annual appropriations by the Vermont General Assembly, the Building Communities program annually awards $900,000 in matching grants statewide to municipalities and nonprofit organizations for capital costs associated with the major maintenance, renovation, and development of facilities in the following categories: human services, health care and education, recreation, and economic development. Organizations in Addison County were awarded a total of $95,980 for all four categories for the fiscal year 2023 funding round.
ACEDC applied for, was awarded, and will administer the grants in the economic development category in Addison County. The grant program requires that the funds be essential to the project’s success, that projects be “shovel ready,” demonstrate job creation or retention potential, and the business must provide a dollar-for-dollar match.
For the Fiscal Year 2023 funding round, $52,760 was awarded to six Addison County businesses, through ACEDC, for the following projects:
- $10,000 for Cyclewise, Inc., New Haven, to relocate a storage building to allow for expansion of the dealership building.
- $9,000 for Daily Chocolate, LLC, Vergennes, to renovate and expand their new space in the former Community Bank facility to include retail, an updated kitchen, and office and staff areas.
- $9,000 for Mechanical Advantage, LLC, Middlebury, to purchase a bar feeder and sub-spindle to add to a new live-tool lathe.
- $9,260 for RAD Innovations, LLC, Cornwall, for materials and labor to add an annex to their existing facility.
- $9,000 for Satori Vermont, Middlebury, to purchase an ETHOSX2.0 Microwave Terpene Extraction System for Cannabis and hemp.
- $6,500 for Treeline Terrains, LLC, Bristol, to purchase two CNC routers to increase production.
"The CNC router machinery we purchased with this BGS grant has enabled us to double our CNC machining capabilities," stated Alex Gemme, co-founder of Treeline Terrains. "Last holiday season, we sold out of topographic maps—the machinery ACEDC has helped us purchase will allow us to keep up with demand this holiday season."
“I am so grateful for the knowledge and support from ACEDC; they are a fabulous resource,” said Tamara Boise, owner of Cyclewise. “With their guidance, we learned about a previously unknown opportunity. Our growing business can now obtain the space it needs to properly support our customers and community with a welcoming space and new products to come.”
"The support we received from the BGS grant program is critical to our mission to expand manufacturing capacity, skill development and job retention in Vermont,” stated Mechanical Advantage owner Dave Cole. “The grant will enable Mechanical Advantage to purchase automation options on a high-tech, CNC machine tool. ACEDC was extremely helpful during the grant application process. We look forward to future growth with the help of ACEDC."
Addison County Economic Development Corporation: Fred Kenney, Executive Director. email@example.com or (802) 777-8349
Cyclewise Inc., Tamara Boise, Owner, firstname.lastname@example.org (802) 388-0669
Daily Chocolate, LLC: Dawn Wagner, Owner, dailychocolateVT@gmail.com, (802) 877-0087
Mechanical Advantage, LLC: Dave Cole, Owner, email@example.com, (650) 430-2653
RAD Innovations: David Black, Owner, firstname.lastname@example.org, (360) 561-9816
Satori Vermont: Scott MacGuffie, email@example.com, (208) 471-6515
Treeline Terrains LLC: Alex Gemme, Co-Founder. Alex@TreelineTerrains.com or (802) 214-2545