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September 14, 2012

Disaster Recovery Funds May be Available for Southeastern Vermont Small Businesses

Filed under: SRDC — admin @ 3:46 pm

The Brattleboro Development and Credit Corporation and Springfield Regional Development Corporation are collaborating on an application for a small business Community Development Block Grant for Disaster Recovery. The intent of the grant would be to provide direct funding assistance to area businesses that are still feeling the impact from Tropical Storm Irene.

At the urging of State officials, the two southeastern Vermont Regional Development Corporations (RDC) are working with affected companies to understand their remaining unmet financial needs. The RDC’s are reaching out to any businesses in their regions to collect this information, which will be part of the application for funding. If the application is successful, there will be a formal application process for companies that wish to access any available subgrants or loans.

The two RDC’s are interested in hearing from any area business that still has unmet financial needs. If a company is in Windham County, contact Laura Sibilia at BDCC at 802-257-7731 ext 217. For businesses in Southern Windsor County, call SRDC at 802-885-3061. A copy of the informational forms that businesses are being asked to complete can be found here CDBG Business Information Form

Springfield Regional Development Corporation serves the Southern Windsor County area of Vermont, including the towns of Springfield, Ludlow, Chester, Weathersfield, Windsor, West Windsor, Reading, Baltimore, Andover and Cavendish. SRDC works with existing employers as well as redeveloping vacant commercial/industrial properties and helping businesses to create and expand in the region.
Brattleboro Development Credit Corporation is a private, nonprofit economic development organization that serves as a catalyst for industrial and commercial growth throughout Southeastern Vermont. The primary objective of the BDCC is to create and retain a flourishing business community in the Windham Region that supports vibrant fiscal activity, and improves the quality of life of all its residents. BDCC serves the twenty-seven towns of Athens, Brattleboro, Brookline, Dover, Dummerston, Grafton, Guilford, Halifax, Jamaica, Londonderry, Marlboro, Newfane, Putney, Readsboro, Rockingham, Searsburg, Somerset, Stratton, Townshend, Vernon, Wardsboro, Westminster, Weston, Whitingham, Wilmington, Windham and Winhall.

CDBG Business Information Form

SRDC Receives $200K EPA Cleanup Grant for J & L Site

Filed under: SRDC — admin @ 9:14 am

The Environmental Protection Agency (EPA) announced this week that Vermont is the recipient of nearly $1.5 million in EPA brownfields grants. One of those was awarded to Springfield Regional Development Corporation, which will use their funds to to remediate environmental contamination at the former Jones & Lamson Plant 1 site. This funding is being combined with two additional cleanup subgrants funded through the American Recovery and Reinvestment Act. These subgrants, funded by the Vermont Agency of Commerce & Community Development and the Southern Windsor County Regional Planning Commission, bring the total brownfields cleanup funding leveraged for this project, to date, to over $775,000.

The award was presented by Vermont Governor Peter Shumlin and EPA Region One Administrator Curt Spaulding.

SRDC Executive Director Bob Flint thanked EPA and state and regional partners, including the Town of Springfield and the Southern Windsor County Regional Planning Commission. “SRDC is committed to bringing this important property back to use for the economic vitality of the Springfield area”, Flint said.

“The funding made available from EPA will allow us to continue to redevelop contaminated sites in Vermont,” Governor Shumlin said. “These awards will help Vermont communities return brownfield properties to a productive use and will allow for greater economic development opportunities.”

The goal of EPA Brownfields grants is to lead to the clean up & sustainable redevelopment of Brownfields sites, thus improving the economy and quality of life in American communities.The funding is part of more than $17 million in EPA Brownfields investments across the six New England states announced by EPA in 2012.

“EPA Brownfields funding helps strengthen the economic foundation and is a catalyst for further growth in our communities,” said Curt Spalding, regional administrator of EPA New England’s office. “Cleaning and revitalizing contaminated sites helps create jobs, and can help a community to create new businesses and neighborhood centers, while making our environment cleaner and the community healthier.”