The statewide Micro-Business Development Program helps low-to-moderate income Vermonters who want to gain the skills and knowledge needed to start , expand, or enhance a micro business.

In 2007, 115 new businesses were started and 22 businesses were expanded. These efforts created 152 new jobs, and the 209 loans provided to entrepreneurs leveraged $1,267,938 in capital.

A Micro Business

A micro business is considered to be the smallest of small businesses: one that employs fewer than five people and generates less than $250,000 in annual revenue. 

Micro loans generally range from $500 to $25,000. 

Core Services

• One-on-one counseling
• Classroom training
• Seminars
• Loan packaging (loan applications require formal business plans, therefore counseling often begins with the creation of the plan)
• Mentoring
• Marketing assistance
• Referral services

To Find Out More

To find out more about the Micro Business Development Program, contact your local Community Action Agency.

Or visit the MBDP website.