Downtown and Village Tax Incentives

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Scott announces downtown tax credit recipients

MONTPELIER — Gov. Phil Scott said projects in Montpelier, Rutland and other Vermont communities are receiving $2.7 million in state tax credits to help fund redevelopment projects in downtown and village centers across the state. Scott said the tax credits approved by the state have generated more than $53 million in investment in 22 separate projects. In downtown Montpelier, a tax credit worth nearly $300,000 will help renovate the the two upper floors of the French Block, which have been vacant for more than 75 years. The two floors will contain 18 new apartments, including 14 affordable units, when the project is completed. The total project is expected to cost more than $5.4 million. Continue Reading →

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