Why do business in Springfield
Located in historic Precision Valley, Springfield combines Vermont quality of life, competitive operating costs, advanced connectivity, workforce talent, and a growing innovation ecosystem—making it an ideal place to launch, relocate, or grow a business.
High Speed Internet
Our local internet provider Vermont Telephone Company provides some of the fastest internet in the country, recently receiving the first Smart Rural Community designation in Vermont! They are a local company based in Springfield, VT with fantastic customer service and speedy repairs.
Local Airport
The Hartness State Airport has 2 runways and their traffic consists of 67% local general aviation, 26% transient general aviation, 5% air taxi and 3% military.
This Airport has the potential to be used for commercial and transit aviation with investment.
Interstate 91
Located conveniently off the major highway connecting Boston to Canada, Springfield, VT is the ideal base for business expansion in New England. This strategic location places Springfield in close proximity to several key New England cities, making it a prime spot for exploring new opportunities and expanding your business footprint.
Our selection of available commercial properties in Springfield offers easy access to the interstate, perfect for accommodating large trucks and ensuring smooth commercial transit. Whether you're looking to establish a new business location or expand your operations, Springfield's strategic positioning and accessible properties make it an excellent choice.
Properties Available for Development
Springfield, Vermont is experiencing a rebirth as the Springfield Regional Development Corporation, the State of Vermont, and the Town of Springfield work to clean up old contaminated factory locations and add new and improved infrastructure to our downtown and commercial zones.
SRDC has multiple large-footprint locations available for development.
Contact us to help you find a place for your new business, ready to be customized for your needs, or in an already existing structure.
Springfield Sponsored Assistance
Springfield Vermont is primed to launch your new business with a full suite of supportive financial solutions which will launch your enterprise with the utmost velocity. On top of expertise and curated planning, we offer a number of incentives such as the Springfield Regional Development Corp's revolving loan fund, designed to kick start and cover initial expenses. As a federal Opportunity Zone, businesses in Springfield benefit from significant capital gains tax incentives for investors. Further benefitting revitalization efforts is our Designated Downtown Status from the state of Vermont offering tax credits for development projects. Also available are grants from Elevate Vermont, reimbursements from the Vermont State Trade Expansion Program, and larger loans for sustainable businesses.
National Main Street America Accredidation
Springfield Vermont is proud to be a Main Street America accredited town. Through rigorous evaluation the efforts to revitalize downtown Springfield have not gone unnoticed. Main Street America recognizes strong local revitalization efforts. Through our commitment to inclusive leadership, diversified funding, sustainability programs, strategy-driven programming, historical preservation based economic development, and strong record of impact Springfield Vermont has been recognized nationally for their continued efforts.
Designated Downtown Development Credits
In addition to a multitude of grants, loans, and financial incentives to startup your business in Springfield, we also offer special tax credits to reduce your tax bill as part of our Designated Downtown Development program. Credits are available for both federal, and state taxes for historic commercial buildings listed in the National Register of Historic Places. Tax credits support rehabilitation, code compliance, and improvements.