Committee considers raising downtown tax-credit cap from $3 million to $5 million in S.327 Members discussed Section 2 of S.327, which would raise the annual cap on downtown tax credits from $3 million to $5 million; staff said demand regularly exceeds awards and the committee noted the proposal is not included in the governor’s budget.

Vermont's committee is weighing a bold proposal to increase downtown tax credits from $3 million to $5 million, driven by overwhelming demand for funding!

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#VT #CommunityImpact #CitizenPortal #HousingInvestment #EconomicDevelopment #VermontDowntown

Montpelier commission discusses downtown revitalization strategies amid post-pandemic challenges Commission members express concerns about downtown's future and potential housing solutions.

As Montpelier's downtown battles the fallout from the pandemic and recent flooding, a Senate committee is stepping up with bold plans to revitalize the area and support struggling local businesses.

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#VT #CitizenPortal #VermontDowntown #UrbanPlanning #EconomicResilience

Newport discusses revitalization of vacant downtown JJ Newberry's building Newport officials highlight deteriorating condition of vacant JJ Newberry's building threatening downtown appeal.

Newport officials are sounding the alarm over a long-vacant JJ Newberry's building, warning that its deteriorating condition could spell trouble for the entire downtown area.

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#VT #CommunityRevitalization #CitizenPortal #PropertyMaintenance #VermontDowntown #UrbanDevelopment