Six companies have expressed interest in the Vermont Employment Growth Incentive program in recent months.
Under the program, known as VEGI, the Agency of Commerce and Community Development gives cash to companies after they create new jobs or make capital investments in Vermont.
The agency released several emails last week between companies that are considering applying for the program, and the Vermont Economic Progress Council, which administers VEGI.
Fred Kenney, executive director of the Vermont Economic Progress Council, said some of them won’t end up expanding in the state or even applying for the payroll-based incentive program.
Kenney said he usually speaks to about 20 companies before being able to sign one. About one in 10 use a tax-credit or site-location consultant to contact the state, he said, but the state will not complete an application without actual signatures from company officers.
VTDigger obtained details on each company through public records requests:
• Triad Design Services in Williston qualified for between $839,503 and $968,657.
• Revision Military in Essex Junction qualified for between $119,287 and $130,131.
• Revision Ballistics in Essex Junction qualified for between $403,988 and $494,679.
• Vermed, a graphic controls company in Bellows Falls, qualified for between $248,514 and $286,735.
• Maponics, a mapping technology company in White River Junction, inquired for an undetermined amount of VEGI funds.
• CSS Corp., a multinational technology support company, inquired through a tax-credit consultant for an undetermined amount of VEGI funds.
