COVID-19 Updates

Council & Committees
City Departments
Visit Barre
Contact Us
Tax and Financial Incentives

Municipal Tax Stabilization
Tax stabilization of municipal taxes for up to ten years is available for larger commercial projects. Projects must have a clear benefit to the community and must meet an established set of criteria. Applications and criteria can be obtained from the City Manager or by emailing

Alternative Local Funding Sources Resources
Other alternative funding sources may be able to assist in certain circumstances. Community Capital provides flexible and creative financing that seeds start-ups and fuels expansion, enabling business owners to build the sales, credit, and experience needed to secure full bank financing in the future. Visit for information or call 802-479-1053.

State Assistance Programs
The Vermont Economic Development Authority (VEDA), Vermont's statewide economic development lender, is a quasi public instrumentality of the State created by statute in 1974 to promote economic prosperity and increase employment through the operation of a variety of financing programs. VEDA offers direct loans, industrial revenue bonds, loan guarantees, as well as other state and/or federally supported financing programs. Visit for more information.

SBA Loans
The Central Vermont Economic Development Corporation, the regional Certified Development Company (CDC), can assist with the 504 Small Business Association Loan Program which is designed to enable growing businesses to create and retain jobs with long-term, fixed-rate financing, which is generally 1% or more below the current market rate. Central Vermont Economic Development Corporation currently has a loan portfolio exceeding $2.7 million. For information visit

Special Incentives for Downtown Investments

Vermont Downtown Tax Credit Program

There are three state income tax credit programs for capital improvements to buildings in designated downtowns. The credits are applicable to the most common costs that a property
owner faces when rehabilitating or improving an older or historic building. Please note that a tax
credit is a dollar amount subtracted from your tax liability after you calculate your taxes.
A property owner or lessee must apply to the Downtown Development Board for these tax

Programs include:

Contact the Vermont Division for Historic Preservation Downtown Program at 802-828-3047 or visit