Department of Economic Development - Montpelier, VT

Department of Economic Development

The Department of Economic Development (DED) is a key arm of the Vermont Agency of Commerce and Community Development. Located at the National Life complex in Montpelier, VT, the department is tasked with strengthening the state's economic infrastructure. The DED works to improve the economic well-being of Vermonters by fostering business growth, encouraging innovation, and attracting new industries to the state.

Business Support and Incentives

The department offers a wide array of programs designed to assist businesses at every stage, from startups to established corporations looking to expand. Staff provide technical assistance and connect business owners with financial resources.

• Vermont Employment Growth Incentive (VEGI): A performance-based cash incentive program for companies that create new jobs and capital investments in Vermont.
• International Trade: Assistance for Vermont businesses looking to export products and enter global markets.
• Captive Insurance: Promoting Vermont as a leading domicile for captive insurance companies worldwide.
• Relocation Services: Resources for businesses and remote workers moving to Vermont.

Facility and Access

Headquartered in the Deane C. Davis Building, the department operates within the state government complex. The team collaborates closely with regional development corporations to ensure economic opportunities are distributed across the state. Visitors generally require an appointment, as the primary function is administrative and strategic planning rather than direct walk-in service.