Vermont grants for Small businesses

This program provides financial support to established small businesses in Portsmouth to help them grow and expand their operations.

The Vermont Agency of Agriculture is offering the Resilient Food System Infrastructure grant, ranging from $10,000 to $100,000, to support Vermont-based businesses and organizations in strengthening local and regional food systems by increasing market access, production, and product diversity, with a focus on creating new revenue streams and economic opportunities, improving job quality, and enhancing compliance with food safety requirements.

The Vermont Agency of Agriculture has entered into a cooperative agreement with the US Department of Agriculture (USDA) and the Agricultural Marketing Service (AMS) to administer the Resilient Food System Infrastructure (RFSI) grant program in Vermont. Donor Name: Vermont Agency of Agriculture Food & Markets (VAAFM) State: Vermont County: All Counties Type of Grant: Grant Deadline:  06/05/2024 Size of the Grant: $100,000 to $500,000 Grant Duration: 3 Years Details: The program aims to: Promote development of Vermont value-added products; Support initiatives that provide fair prices, fair wages, and new and safe job opportunities that keep profits in rural communities; Increase and diversify processing capacity across the state, with an emphasis on underserved communities; Improve the aggregation, processing, manufacturing, storing, transporting, wholesaling, and distribution of Vermont food products for local and regional markets; Target gaps and opportunities in pandemic assistance and existing USDA grant programs that support the agricultural supply chain. Funding will be focused on projects that: Improve job quality through increased wages, benefits, and/or worker safety and well being; Focus on small and medium-sized enterprises that expand services and product offerings for consumers and producers (with an emphasis on value-added products); Demonstrate local support for the project; Are submitted by cooperatives, farmer, and worker-owned enterprises. Funding Information Approximately $2,000,000 will be available for infrastructure projects. Grants can range from $100,000 – $500,000 and will run from fall 2024 through February 2027.  Eligibility Criteria Eligible applicants must be domestically owned, physically located in Vermont, and registered in Vermont with the Vermont Secretary of State. Sole proprietors using a business name other than their own name must have their assumed business name (formerly known as a trade name) registered with the Vermont Secretary of State. Eligible entities can include: Agricultural producers or processors, or groups of agricultural producers and processors operating middle-of-the-supply-chain activities such as processing, aggregation, distribution of targeted agricultural products. Nonprofit organizations operating middle-of-the-supply-chain activities such as processing, aggregation, distribution of targeted agricultural products. Local government entities operating middle-of-the-supply-chain activities such as processing, aggregation, distribution of targeted agricultural products. Institutions such as schools, universities, or hospitals bringing producers together to establish cooperative or shared infrastructure or invest in equipment that will benefit multiple producers middle-of-the-supply-chain activities such as processing, aggregation, distribution of targeted agricultural product. These include organizations such schools (K-12; colleges/universities), hospitals, food banks, gleaners, food rescue, workplace cafeterias, correctional facilities, farmers markets, and care centers (senior, preschools). For-profit entities operating middle-of-the-supply-chain activities such as processing, aggregation, or distribution of targeted agricultural products, whose activities are primarily focused for the benefit of local and regional producers, and that meet the eligibility requirements of the Small Business Administration (SBA) small business size standards, matched to North American Industry Classification System (NAICS) code. For more information, visit VAAFM.

The Resilient Food Systems Infrastructure (RFSI) program, funded by the USDA, allocates approximately $2 million for infrastructure grants to Vermont businesses and organizations aiming to strengthen local and regional food systems. The grants support projects that improve the aggregation, distribution, manufacturing, processing, storing, transporting, and wholesaling of Vermont food products. This track encourages development of Vermont value-added products and promotes fair wages and job creation. A 50% match is required, which can be reduced to 25% for historically underserved farmers. Grants range from $100,000 to $500,000 and are available from fall 2024 through February 2027.

This track of the Resilient Food Systems Infrastructure (RFSI) program provides approximately $1 million for grants aimed at purchasing equipment necessary for the middle of the food supply chain activities in Vermont. The grants range from $30,000 to $100,000 with no match requirement. Applications for this track are set to open in late August 2024 and close in early October 2024, with grant activities beginning in early 2025.

This grant provides funding to nonprofits and community initiatives in Vermont that aim to improve economic equity, education, health, and community leadership to help close the opportunity gap.