Bennington Programs to Provide Lending Options to Foster Growth

Bennington Programs to Provide Lending Options to Foster Growth

Bennington Programs to Provide Lending Options to Foster Growth

In May the Bennington Select Board adopted three new business and residential incentive programs that will directly impact the community’s downtown core. The three programs use funds already earmarked for economic and community development efforts, but put a fine point on a broad brush as to how a portion of these funds can be applied.

“These programs are designed to achieve three objectives for Bennington,” said Michael Harrington, the Town’s economic and community development director. The first, to facilitate the timely opening or expansion of a business; second, to encourage property owners to reinvest in their buildings; and finally, to increase residential density in the downtown.” The programs focus on Bennington’s Historic Design Review District and include additional sections along the Route 7 and Route 9 corridors. “Quality infrastructure, strong community support and more feet on the street are the cornerstones to a vibrant downtown, and that is what we are hoping to facilitate with the implementation of these programs,” added Harrington. 

Property owners looking to participate are encouraged to contact Harrington at the Office of Economic and Community Development by calling 802-442-1037 or send an email to mharrington@benningtonvt.org.

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