Project Grant GLSX0002768114

Award Date 8/29/24
Completion Date 8/29/24
Dollars Obligated $200K
Federal Grant Program
10.771
Assistance Type
Project Grant
Place of Performance
Vermont, USA
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As part of this grant, BDCC has sub-awarded $XX,XXX to the Vermont Employee Ownership Center Inc. (VEOC) to provide advisory services on the formation and implementation of cooperative development initiatives, work directly with businesses interested in business transition or development related to succession, and deliver educational content in the region. The sub-award has specific goals to identify 5 businesses at risk of owner retirement, provide training to 25 attendees, initiate succession planning for 3 businesses, provide technical assistance to 5 businesses, identify 2 business buyers, facilitate 1 new business owner transition, save 3 jobs, and add 1 new job, while also securing $20,000 in financing.

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