This EDA investment funds the rutland's tech startup incubator (rtsi) project, to transform a rural economy from one experiencing stagnant and negative growth in high-skill, high-paying jobs to one…

The Economic Development Administration awarded a $2,985,374 project grant to the Rutland Economic Development Corporation under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant funds the Rutland's Tech Startup Incubator Project to transform the rural economy of Vermont by driving scalable tech entrepreneurship, investment, and high-skill, high-paying job creation. Key deliverables include identifying and inspiring a local culture of tech innovation, creating and implementing an incubator program for technology startups, and developing a formal network of mentors and investors to provide entrepreneurs with the human and financial capital needed to grow and scale their businesses into sustainable ventures that create new jobs. The project aims to support economic growth through private investment and regional development of high-wage technology sector employment by November 2025.

This EDA investment funds the rutland's tech startup incubator (rtsi) project, to transform a rural economy from one experiencing stagnant and negative growth in high-skill, high-paying jobs to one that will drive scalable tech entrepreneurship, investment, and job creation. The project work includes identifying and inspiring a local culture and community of tech innovation; creating and implementing a scalable technology incubator program; and developing a formal network of mentors and regional investors who will provide tech entrepreneurs with the human and financial capital they need to grow and scale their businesses. Once implemented, the region will experience economic growth that results in high-skill, high paying-jobs supported by private investment.