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State Grant Guide

Small Business Grants in Vermont

Farms and sawmills get Vermont's grant money. The biggest programme, Working Lands, opens on October 9 and closes at 2pm on December 10.

5 state grants open$57.9M SSBCI pool, all of it loans and equityUpdated September 4, 2026
Richard Moore
Written byRichard Moore
Senior Finance & Banking Editor

Farms and sawmills get Vermont's grant money. The biggest programme, Working Lands, opens on October 9 and closes at 2pm on December 10. It pays $10,000 to $50,000 out of a $508,000 fund and asks for no match. The Trade Show Assistance grant follows, opening December 4 with $2,000 to $7,500 for exhibiting a Vermont product out of state. Read the two headline incentives carefully, VEGI pays nothing until after you have created the jobs, and the SSBCI money is a loan. Each card below says which is which.

Which Vermont grants fit your business?

Answer 7 quick questions and we sort the 12 programs on this page into likely fits and long shots. Nothing personal is asked or stored, and final eligibility is always decided by the granting agency.

Vermont Small Business Grant Programs

State-administered funding programs available to Vermont small businesses. Verify deadlines directly with the granting agency before applying.

FeaturedNot open yet

Working Lands Business Enhancement Grant

Working Lands Enterprise Initiative

$10,000 to $50,000, no match required

Deadline Dec 10, 2026

Vermont's biggest working lands award, opening on October 9 and closing at 2pm on December 10, 2026, with $508,000 available this round, down from $620,000 last year. There is no match requirement, though you must show you can cover any project cost above the grant. Projects run twelve months, awards are announced around late February 2027 and work starts in April. Eligibility is farm, forest and food, so farms in food or fibre, logging, sawmills, firewood, agricultural trucking and distribution, value added food and fibre sourcing at least half its ingredients in Vermont, and retail selling primarily Vermont products. Cannabis, Christmas trees, equine, flowers, topical CBD hemp, horticulture and indoor only growers are excluded, and past grantees from the last three fiscal years sit out.

RuralAgriculture/Forestry businesses
Apply / Learn More
Featured

Vermont Employment Growth Incentive (VEGI)

Vermont Economic Progress Council (VEPC)

Performance based, paid over five years

Rolling

Not startup capital, and the shape matters more than the size. VEGI pays cash in five annual instalments, in arrears, only after you have hit and held job, payroll and capital targets, so nothing arrives before the hiring. It is still open with no successor programme, and it is absent from the state's recently closed list. Any business expanding in or relocating to Vermont can apply, with no minimum job count, but you must pass a but for test showing the project would not happen without the incentive, a net fiscal benefit test, local plan conformance and an unfair competition test. Final approval has to land in the same calendar year the project begins.

Apply / Learn More
Featured

Elevate Vermont Matching Grant

Agency of Commerce and Community Development (ACCD)

Up to $50,000

Rolling

A follow on grant for a company that has already won federal money, which is the condition most readers miss. You must hold an SBIR or STTR Phase I or Phase II award before you apply, so this is not open to a Vermont startup at large, and the match people ask about is that prior federal award rather than cash from you. Up to $50,000, reviewed first come first served rather than competitively, and the programme team sets each amount. One grant per federal award, five in a lifetime, and you are ineligible with more than three prior Phase II awards. Travel is capped at 10 percent of the budget and the project must run under six months.

Technology/Innovation
Apply / Learn More

Vermont Training Program (VTP)

Agency of Commerce and Community Development (ACCD)

Up to 50% of training cost, no published cap

Rolling

Up to half the cost of training, paid to the employer, and no maximum award is published anywhere, so the programme director is the only source for what your project could get. It covers pre employment training, new hire training and incumbent worker training, on site or through an outside provider, and it funds work based learning run with a school. The applicant is an employer with payroll, which rules out a pre revenue founder training themselves.

Apply / Learn More

State Trade Expansion Program (STEP)

Agency of Commerce and Community Development (ACCD)

Up to $30,000 a year across four activities

Rolling

Up to $30,000 a year at 75 percent reimbursement, and the structure is the thing to plan around. That ceiling spreads across as many as four eligible activities and each one needs its own application, so this is four smaller pieces of paperwork rather than one large grant. Only pre approved expenses are reimbursed. The state publishes no application deadline and no federal award year on the programme page, so confirm the current period with the programme contact before you commit to a trade mission.

Apply / Learn More
Not open yet

Trade Show Assistance Grants

Working Lands Enterprise Initiative

$2,000 to $7,500 across up to four shows

Deadline Jan 20, 2027

Back on this page after being dropped, with the right numbers this time. The range is $2,000 to $7,500 across up to four trade shows in one yearly marketing plan, not the $2,000 to $5,000 we used to publish, reimbursed at 75 percent against a 25 percent cash match. The 2027 request for applications lands on November 20, 2026, applications open December 4 and close at 2pm on January 20, 2027, for shows held between April 2027 and March 2028. You must be a Vermont agricultural or forestry business, registered with the Secretary of State, trading over a year, with three or more wholesale accounts and products at least half Vermont grown. Shows must be business to business and target out of state buyers.

RuralAgriculture/Forestry businesses
Apply / Learn More
Loan

State Small Business Credit Initiative (SSBCI)

Vermont Economic Development Authority (VEDA) with ACCD

A loan, projects under $20M qualify

Rolling

A loan, and the state agency says so in as many words, these are loans, not grants, and must be repaid under standard repayment terms. Vermont put $29 million of its $57.9 million federal SSBCI allocation into loan participation, with the other half funding a separate venture capital programme. Total project financing must sit under $20 million, you must have fewer than 750 employees worldwide, and passive real estate is out, as is stacking with an SBA or USDA guaranteed loan or an SBA 504 for the same purpose. You do not apply to the state authority for it, you approach a participating lender.

Apply / Learn More

Rutland Business Incentive Assistance Program

Rutland Redevelopment Authority

Up to 15% of your investment, capped at $5,000

Rolling

Rutland City only, and the timing rule is what disqualifies people. An existing business must apply before the work is substantially complete, and a new business before it starts trading, so an application filed after the fit out is finished is ineligible however good the project. The tier described here pays up to 15 percent of your total investment capped at $5,000. The same programme also runs a $10,000 grant for fixed infrastructure at half the renovation cost, and a secured loan up to $50,000 through a local credit union. Awards sit at the discretion of the redevelopment authority and the Board of Aldermen, and you must be in good standing on city taxes, fees and permits.

Apply / Learn More

Federal Grant Programs

These federal programs are available to small businesses in every state.

Loan

SBA 7(a) Loan Program

Up to $5,000,000

The SBA's primary lending program guarantees loans through participating lenders. This is a loan, not a grant. But the terms favor small businesses that may not qualify for conventional financing.

Learn more
Loan

SBA Microloan Program

Up to $50,000

Loans up to $50,000, not grants. You borrow from a nonprofit lender near you, not from the SBA itself. The money can cover working capital, inventory, supplies or equipment. Most people get far less than the cap. The average microloan is about $13,000.

Learn more

SBIR/STTR Grants

Phase I up to $323,090, Phase II up to $2,153,927

Competitive federal grants for small businesses doing research and development with commercial potential. Eleven federal agencies take part. Phase I funds proof of concept. Phase II funds full development.

Learn more
Not confirmedNot business facing

Northern Border Regional Commission (NBRC) Catalyst Program

Up to $500,000 (non-infrastructure)

Funds growth projects in Vermont, Maine, New Hampshire and New York. For profit companies cannot apply. The money goes to towns, tribes, non profits and career technical centers. A business reaches it through one of those, never directly.

Learn more

Size is the wrong question here. The tallest bar on this chart is ten times the next one, and a Vermont company may not apply for it. The chart plots the top award for each program against whether a for profit business can apply today.

Horizontal bar chart of the maximum award for six Vermont small business funding programs, with the $500,000 NBRC Catalyst grant marked closed to for-profit companies, the $50,000 Working Lands grant marked shut until fall, and the Elevate Vermont, STEP and Rutland programs shown in gold as open today.
Award ceilings and program status read at ACCD, Working Lands, NBRC and the Rutland Redevelopment Authority on July 25, 2026. Geekdiys analysis.

Get Grant-Ready

Before you apply, most Vermont grant programs expect these basics to be in place.

1

Form your business entity

Most Vermont grant programs require applicants to be a registered LLC, corporation, or nonprofit. If you haven't formed yet, that's the first step.

NO logo

$39 + state fee. Includes registered agent, business address, and more.

Form Your LLC with Northwest
2

Get your EIN

An Employer Identification Number is free from the IRS and required on nearly every grant application. You can apply online and receive it immediately.

IR logo

Free from the IRS. Takes about 5 minutes online.

Read Our EIN Guide
3

Open a business bank account

Grant funds need to go into a dedicated business account, not your personal checking. Most agencies will ask for your banking details on the application.

ME logo

Business checking with no monthly fee on the base plan, built for startups.

Open a Mercury Account

Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.

Grants by Business Type

Targeted programs for specific business owners in Vermont.

Technology/Innovation Business Grants

Elevate Vermont pays up to $50,000. There is a catch. It goes only to a for profit that already won a federal SBIR or STTR award. One grant per federal award. Five over a company's life. Firms with more than 3 prior Phase II awards are out. The program also coaches first time SBIR applicants, free.

  • Elevate Vermont
  • SSBCI venture capital through VEDA

Rural Business Grants

Working Lands is the real rural grant. It pays $10,000 to $50,000 to farms, sawmills and forestry firms. The next round opens October 9 and closes December 10. NBRC Catalyst is not a rural business grant. Its 2026 rules bar for profit applicants. USDA's Rural Business Development Grant says the same. Ask your town or a local non profit to apply.

  • Working Lands Enterprise Initiative
  • Northern Border Regional Commission

Women-owned Business Grants

WomensNet awards the $10,000 Amber Grant every month. A $50,000 award follows at year end. Both are open to Vermont women aged 18 and over. The state runs no women only grant. The Small Business Development Center advises women founders, free.

  • Amber Grant for Women
  • Vermont Small Business Development Center

Minority-owned Business Grants

ACCD contracts the Vermont Professionals of Color Network. It gives BIPOC owners coaching, training, technical help and introductions, at no cost. It is help, not cash. No Vermont program asks for minority certification. Every program here, including the $50,000 Elevate grant, judges you on the same terms as anyone else.

  • BIPOC Business and Career Assistance Program
  • Vermont Professionals of Color Network

Veteran-owned Business Grants

Vermont runs no veteran grant. The Small Business Development Center advises veterans free, on planning and on applications. No program here asks about veteran status. Nothing here is closed to you, and nothing is held for you either.

  • Vermont Small Business Development Center
  • SBA veteran contracting assistance

Tips for Applying in Vermont

Increase your chances of approval with these state-specific tips.

  • 1Apply before you start. VEGI, STEP and the Vermont Training Program all refuse to fund work already under way. VEGI cannot pay for jobs you have already made.
  • 2Check whether the money is a grant. Vermont's largest published figure is the $57.9 million SSBCI pool. That pool is venture capital and loan participation through VEDA. You repay it.
  • 3For STEP, file Part A first. Send a W-9 signed inside the last 12 months, plus your conflict of interest policy. Send a certificate showing $1,000,000 of general liability cover. Reimbursement runs to $30,000 a year at 75 percent, with a 25 percent cash match.
  • 4Working Lands wants three statements. A profit and loss statement, a balance sheet and a cash flow statement. Past grantees sit out three fiscal years. Read the ineligible list before you write anything.
  • 5Talk to the state advisers first. The Vermont Small Business Development Center is free and confidential. BIPOC owners can add coaching through the Vermont Professionals of Color Network at no cost.

State Economic Development Agency

Vermont Agency of Commerce and Community Development (ACCD)

ACCD is Vermont's economic development agency. It runs 4 of the programs here. The Training Program, STEP, Elevate Vermont and the Rural Industry Development Program. It also keeps a Recently Closed Programs page. Read it before you chase a grant you saw elsewhere.

Funding While You Wait

Grant applications in Vermont can take weeks or months to process. These options can bridge the gap.

Grants in Other States

All state grant guides

Frequently Asked Questions

Four, and two more open within ten weeks. Elevate Vermont takes applications continuously, up to $50,000, but only from a company that already holds a federal SBIR or STTR award. The Vermont Training Program covers up to half of training costs. STEP reimburses 75 percent of export costs up to $30,000 a year. The Rutland incentive pays up to $5,000 inside Rutland City. Working Lands opens October 9 and Trade Show Assistance opens December 4.

Not a general one. Elevate Vermont is the closest thing to a startup grant and it is a follow on to an SBIR or STTR award you already hold, capped at five in a lifetime. VEGI is open to any business expanding here but pays only in arrears over five years once jobs and payroll targets are met and held. If you are pre revenue and outside farming and forestry, the honest answer is that Vermont offers training money and export money rather than startup capital.

$10,000 to $50,000, from a $508,000 pool this round, with no match required, though you must show you can cover any cost above the grant. The window is October 9 to December 10, 2026 at 2pm, awards land around late February and projects start in April. It is farm, forest and food only, including logging, sawmills, firewood, agricultural trucking, value added food and fibre sourcing at least half its ingredients in Vermont, and retail selling primarily Vermont products. Cannabis, Christmas trees, equine, flowers, topical CBD hemp, horticulture and indoor only growers are all excluded, and grantees from the last three fiscal years sit out.

Not in the way most people mean. VEGI pays cash, but in five annual instalments after the fact, released only once you have hit and maintained job, payroll and capital investment targets. Nothing arrives before the hiring, so it cannot fund the expansion it rewards. You also have to pass a but for test showing the project would not happen without it, a net fiscal benefit test, local plan conformance and an unfair competition test, and final approval must fall in the same calendar year the project begins.

It is debt and equity, not grants, and the state authority says so plainly, these are loans and must be repaid under standard repayment terms. Half of the allocation, $29 million, funds loan participation and the other half funds a venture capital programme. Projects under $20 million qualify, you need fewer than 750 employees worldwide, and passive real estate is out. You do not apply to the authority for it either, you approach a participating lender and the SSBCI backing may buy you a lower rate or a smaller contribution.

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Financial Information Disclaimer

Grant programs change frequently. Deadlines, eligibility requirements, and funding amounts listed here may be outdated. Always verify information directly with the granting agency before applying. This page is for informational purposes only and does not constitute financial or legal advice.

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