Lyndon is Open for Business
Lyndon is the perfect setting for your established or budding business venture.
Large scale development opportunities are available in affordable housing, outdoor recreation services and sales, associated tourism sector businesses, and manufacturing.
Lyndon is also primed for creative economy businesses.
Lyndon Small Business Fund
The Town of Lyndon has established the Lyndon Small Business Fund to support both the development of new businesses in Lyndon and the growth of existing small businesses. Applications will be accepted on a rolling basis over a two-year period, with approximately half the funding dispersed in 2024 and half dispersed in 2025. The program is managed by the Northeastern Vermont Development Association (NVDA). Please contact Annie McLean at amclean@nvda.net for more information or click here to apply
Workforce
The Lyndon area has invested in its workforce and has a diverse economy built around a number of sectors. Most current employment opportunities are
in manufacturing, education and health care services. Logging and wood processing also contribute substantially to the
economy.
Northern Vermont University is a key community partner investing in work spaces and programs to support
business and workforce development and revitalize the downtown.
Federal and State Tax Credits
The New Market Tax Credit is a Federal tax credit aimed at filling the capital gap that individuals orcorporations that invest in a Community Development Entity (CDE) need to launch a development project.
Lyndon has a designated Village Center which has State level tax credit benefits. Visit the Vermont Agency of Commerce and Community Development for more information: https://accd.vermont.gov/sites/accdnew/files/documents/CD/CPR/CPR-VC-Designation-Benefits.pdf
REAP Zone Funds
The Northeast Kingdom, in which Lyndon is located, is one of five REAP zones in the U.S., identified because of its rural isolation and lack of local capital.
• Priority consideration is given for REAP Zone applications submitted for funding through USDA Rural Development
• $68 Million of investments have been made possible by REAP Zone designation
The Creative Economy
The arts are alive throughout the NEK, and Lyndon plays a key role. From Do North Coworking, The Foundry makerspace, Vermont Children’s Theatre, Satellite Gallery and Community Space for Art, Creative Healing & Fitness Studio, several performing arts venues, and exceptional culinary arts, creatives of all kinds have found Lyndon to be the perfect setting for home and business.
Click here for “Building on the Legacy of Creativity” study (2018) that shares about the impact creatives have on the economy and ways to grow this important industry.
Proximity to Interstate 91
Lyndon is located on Interstate 91, providing quick access to several major Canadian and US cities.
140 miles to Montreal, Quebec
215 miles to Quebec City, Quebec
260 miles to Ottawa, Ontario
182 miles to Boston, MA
132 miles to Manchester, NH
329 miles to New York City, NY
Vermont Small Business Development Center
Are you ready to start or grow your business? VtSBDC can help.
Since 1992, the Vermont Small Business Development Center (VtSBDC) has provided no-cost professional expertise and guidance to hundreds of business owners. We combine one-on-one confidential advising with training programs to give our clients the tools and insight they need to reach their business goals.
We’ve celebrated many successes with clients at all stages of business development.
Click here to visit the VtSBDC website.
Do North Co-working
Do North offers professional and creative coworking space for startup founders, remote workers, forward-thinking educators, and community leaders to be productive, build community, explore new opportunities, and network.
Do North also offers community-driven programming to engage and inspire the next wave of entrepreneurs in our community. The abundance of human capital flowing from Northern Vermont University provides us with an opportunity to shape our workforce. With Do North we have a platform to leverage it.
Click here to visit the Do North website.
NVU Center for Professional Studies
The Center for Professional Studies (CPS) at Northern Vermont University aims to teach people new skills and advance careers through online, classroom-based, and hybrid programs enabling them to grow personally, excel in their careers, and enhance their communities.
Click here to visit the NVU CPS website page.
11 Reasons Why your business should be in the NEK.
Source: NVDA.net
Why choose the Kingdom?
- State of the art business/industrial parks ready to go.
- Very reasonably priced land, with a variety of financing options already in place.
- Manufacturing facilities fully equipped and ready to move into.
- Outstanding business climate and environment; a “Gold & Green” study ranks Vermont #1 overall in the U.S. in 40 business and environmental categories.
- Easy access to major markets like Boston, Montreal, New York, and Burlington.
- Accessible state and local government.
- Affordable cost-of-living.
- Year-round recreation.
- Fine schools and colleges.
- Skilled workforce with training programs in place.
- Vermont has been ranked as the 2nd safest state in the U.S.
Additional Resources for Building Upgrades, Adaptive Reuse, Redevelopment, and Historic Preservation
There are many resouces available to private entities and businesses that can help with improving the pysical structure or amenities within a building. Each resource has different requirements, so please reach out to each organization for full details.
Preservation Trust of Vermont
PTV has a 30 year history of distributing hundred of thousands of dollars of grant funding to worthy projects.
Vermont Division of Historic Preservation Grants
Established in 1986, the State-funded Historic Preservation Grant Program helps municipalities and non-profit organizations rehabilitate the historic buildings that are a vital part of Vermont’s downtowns, villages, and rural communities, as well as its iconic landscape.
Click here to visit the ACCD Historic Preservation Grant page.
Downtown & Village Center Tax Credits
State income tax credits are available to business and property owners with buildings constructed prior to 1983 and located within a State designated downtown or village center. Credits can help defray the cost of historic rehabilitation, façade and code improvements and technology upgrades.
Efficiency Vermont Incentives
Costs to improve a building’s energy efficiency can be expensive. Efficiency Vermont aims to bring those costs down through incentive programs and rebates for energy efficiency improvements.
Federal Rehabilitation Investment Tax Credits
Administered by the National Park Service, a 20% federal income tax credit is available for rehabilitation of income-producing historic buildings, including multi-family housing. Properties must be listed in the National Register of Historic Places and work must meet preservation standards.
For more information regarding business development or business relocation to Lyndon, please reach out to:
Dave Snedeker
Northern Vermont Development Association
dsnedeker@nvda.net
Business Sector Information
The following information has been collected by our regional development corporation, Northeastern Vermont Development Association . The data was last updated in 2020
Tourism Jobs
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Education Jobs
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Manufacturing jobs
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Forestry & Agriculture Jobs
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