Massachusetts company shows interest in Vermont Bread reformer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reformer.com Daily Mail and Mail on Sunday newspapers.
BRATTLEBORO â Vermont Bread Company may be back in business soon.
During a meeting of the Vermont Economic Progress Council on Thursday afternoon, the VEPC board approved a Vermont Employment Growth Incentive of nearly $837,000 to East Baking Company of Holyoke, Mass., âfor activity to commence May 14,â according to minutes from the meeting.
The VEGI incentive provides an annual cash payment to a business that promises to employ a certain number of people at a specific wage level, usually a certain percentage above minimum wage, and make a certain amount in capital investments over seven years.
In addition to the incentive, East Baking Company also received approval for a Labor Market Area enhancement, which means the benefit to the company if it meets the benchmarks as promised could be up to $1.2 million.