If you are looking to start or expand a business in Vermont, or just need help solving a problem specific to this state or region, there are a wide range of resources — both government and private — available to help.
While many nationally focused resources offer helpful solutions, some issues are better addressed at the state or local level. Answers to licensing, zoning, sales tax, incorporation, economic development issues and a wide range of other matters often reside at the state level. Ironically, however, finding the right resources closer to home can often be even more difficult, as solutions live in many different places.
Cover your bases by seeking solutions in these places:
- State government agencies, such as the commerce department, economic development office, secretary of state's office or other business-related state agencies.
- State and local offices of federal agency programs, such as the U.S. Small Business Administration (SBA) office in your area.
- Small business assistance programs offered through local universities and community colleges that are backed by state and federal resources. These include Small Business Development Centers (SBDCs) and SCORE offices.
- Private, non-profit and special-interest industry and business organizations that provide a range of services, networking opportunities and even funding options for small businesses.
Action Steps
The best contacts and resources to help you get it done
Get the business basics
Think Vermont's online guidebook outlines the essential tools for starting a small business in Vermont, from concept to incorporation. Highlights include how to evaluate your business idea and draft a business plan, a complete to-do checklist, and other resources to help get your start-up rolling.
I recommend: Access the step-by-step guide at
ThinkVermont.com.
Ask for free assistance from Small Business Development Centers
Vermont has 12 Small Business Development Centers (SBDC) offering free and confidential advice for new and existing businesses. The statewide centers can answer your questions related to business planning, finding capital and more. A must-read for any new entrepreneur.
I recommend: Find the
nearest center.
Explore existing business opportunities
Sometimes buying an existing business is a better choice than starting a new one. Vermont Business Brokers' online database lists various small businesses and franchises for sale.
I recommend: See the latest listings at
Vermontbusinessbrokers.com.
Know your tax responsibilities
Don't get left in the dark about what state taxes your business is required to pay. The Vermont Department of Taxes provides in-depth information on all business-related taxes, including rates and incentive credits.
I recommend: Read about
Vermont taxes.
Find out your business permit needs
Every small business requires different permits. The State of Vermont Permit Handbook outlines the necessary state and federal permits for various small business sectors that are required prior to opening.
I recommend: Download the
Permit Handbook.
Get loans for new projects and expansions
The Vermont Small Business Loan Program offers loans for fixed-asset acquisitions such as land, buildings, machinery and equipment to businesses unable to get conventional credit. Many loans are for 50 to 75 percent of a project's cost. Small business owners with small to moderate income may qualify for loans through the Vermont Community Loan Fund.
I recommend: Apply for a loan at the
Vermont Economic Development Authority and
Vermont Community Loan Fund.
Take advantage of e-commerce opportunities
Vermont is pro-active when it comes to small businesses cyber-selling and expanding customer bases online.
I recommend: Learn how to
expand your business' Internet presence.
Tips & Tactics
Helpful advice for making the most of this Guide
- Women business owners of various economic backgrounds can receive support, assistance and networking opportunities from the Vermont Women's Business Center. Call (800) 266-4062 to learn more.
- Business Start-Up Workshops are offered monthly at SBDCs around the state. To register, call (802) 223-4654.
- Family-owned Vermont businesses can learn about their efforts through the Vermont Family Business Initiative. Public forums are held regularly across the state. To receive an events schedule, contact the University of Vermont's School of Business Administration at (802) 656-3175.
- Many types of businesses require state, city or county licenses and permits. State offices listed above will spell out any specific requirements for your industry.
- Small Business Development Centers (SBDCs) are an often-overlooked but terrific place to obtain free or low-cost advice and information, including training seminars and technology resources that are nearby.
- Locally-based SBDC consultants can advise you individually on how to write a business plan, market your products and services, find financial resources and other valuable information.
- The regional SBA office can plug you into loan and assistance programs, seminars and other initiatives to aid small businesses.
The official source of Vermont State Small Business Services and Resources is
the Vermont Small Business Development Centers page at Business.com
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