Flexible Capital Fund (Vermont)
Last modified on February 12, 2015.
|Applies to States or Provinces||Vermont|
|Name||Flexible Capital Fund (Vermont)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy|
|Program Administrator||Vermont Sustainable Jobs Fund|
The Vermont Sustainable Jobs Fund's Flexible Capital Fund (the “Flex Fund”) is designed for companies in Vermont's rural areas that are smaller and work on a less-than global scale, offering a return on investment that does not always meet venture capital levels. These rural companies may need a form of “equity” to fuel growth but need it in lesser amounts and perhaps at lower returns than traditional venture capital requires. The Fund is designed to balance equity features and returns with the reality of small business in Vermont, offering flexible risk capital and technical assistance to fit Vermont’s early and growth stage companies’ needs. The Flex Fund provides near equity or mezzanine financing (subordinated debt, royalty financing, and/or warrants) to a group of growth companies in Vermont, including those involved in renewable energy. The Fund offers access to its Peer to Peer Collaborative for technical assistance and mentoring. The Flex Fund invests in targeted growth companies that fill a gap, or strengthen the supply chain, in sustainable agriculture and food systems, forest products, renewable energy, and other natural resource sectors.
|Contact Name||Janice St.Onge|
|Department||Vermont Sustainable Jobs Fund|
|Address||3 Pitkin Court|
|Address 2||Suite 301E|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||VSA, Title 10, Chapter 15A, no.326 – 330|