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Governor Shumlin Announces $1.8 Million in Downtown Tax Credits

By: Susan Allen, Press Release, October 8, 2012 BARRE – Gov. Peter Shumlin has announced the allocation of $1.786 million in tax credits through the Downtown Program to support nearly $26 million in building improvements in downtowns and village centers across the state. This year, in addition to traditional credits which spur building investment and revitalization in Vermont’s community centers, $500,000 in flood credits were allocated to help repair and rehabilitate buildings damaged by the flooding in 2011. Competitively awarded by the Downtown Development Board, this year’s tax credits went to 30 projects in 17 communities.  Credits will support the reconstruction of the Brooks House in Brattleboro–severely damaged by fire in April 2011, promote new investments in the vacant and underused Blanchard Block in Barre, and Catamount High School in Bennington, as well as support the recovery of 14 flood-impacted businesses in Barre, Quechee, St. Johnsbury, Waterbury and Wilmington…” PDF of Full Press Release

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