Twelve Vermont towns to receive tax credits

07/31/07 12:00AM By Melody Bodette

A dozen Vermont downtowns will receive a boost from the state.

The Downtown Development Board allocated $1.6 million in tax credits to revitalize buildings in downtown and village centers.

The tax credits will help renovated existing space into office, retail and affordable housing units.

Governor Jim Douglas says the credits are not only promoting smart growth, but smart economic development.

The Champlain Mill in Winooski received the largest credit totaling $480,000. Projects in St. Albans, Burlington, Rochester and Barre also each received over $100,000 in tax credits.

Buildings in eight designated downtowns around the state were also selected to receive credits.
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