VERGENNES, VT (August 6, 2018) - The previously quiet town of Vergennes, Vermont has seen a boom in new businesses since the town was declared an “opportunity zone”, encouraging investment in local businesses.
The program offers tax incentives to investors who fund businesses based in the zone. Vermont now has 17 opportunity zones that include 85,000 people and 7,000 local businesses.
"Now, this is a destination," business owner Jeannie Pelsue says. "We've got fabulous stores and people come from all over."