Micro Business Development Program
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.
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.