fbpx

Start or Relocate Your Business to Vermont

Why Start or Relocate Your Business to Springfield VT?

Our region is rich in travel resources, strategically positioned just off Interstate 91 with the convenience of Hartness State Airport. Within a three-hour drive, we connect to major cities like Boston, Hartford, and Albany. Moreover, there’s a convenient train route from Bellows Falls, VT and Claremont, NH to New York City.

 

Springfield Vermont has an interesting history.  Our town was a world-wide hub of the machine tool industry from the 1920’s through the early 1980’s. Then the shops started to close as their business was taken overseas.  The next 30 years after most of the machine tool shops closed, there just wasn’t enough money to clean up the factories and keep the downtown and neighborhoods beautiful. Springfield is experiencing a positive turnaround, driven by State and Federal grants, private investment, and local perseverance dedicated to renovating aging buildings. Private investors are actively acquiring retail and restaurant spaces in the downtown area. Start or relocate your business to Vermont and join the current upswing in Springfield VT, and benefit from the affordable prices before the opportunity passes.

World Class Technology at Your Fingertips with the 10 Gig VTel Network

Springfield, Vermont has the data and reliability your business requires. Whether you are looking to start a local data center hub, create a new app or seek robust enterprise solutions for your established national brand — look no further than VTel’s symmetrical 10,000 Megabit download/upload speeds, crystal-clear voice (HPBX solutions available). Opening a hotel or resort? VTel has you covered with flexible, premium streaming and traditional entertainment offerings on VTelevision!


Ready to bring your business to Springfield? Rest assured you are in good company — Springfield, Vermont was recently named Vermont’s First Gig-Certified Smart Rural Community in association with VTel and NTCA (The Rural Broadband Association).


Town of Springfield has been named the First Gig-Certified Smart Rural Community Recipient in Vermont by VTel and NTCA (The Rural Broadband Association).

Commercial Real Estate Springfield VT

We Have Affordable Commercial Rent - Examples include:​

  • 23-25 Main St; @4,784 SF, first floor & @4,700 SF basement; Frontage: 45 feet of Main Street.  Lease price: $8.00/SF, first floor plus utilities & $6.00/SF basement plus utilities.
  • 27 Main St; @2,105 SF, first floor & @2,105 SF basement; Frontage: 27 feet of Main Street.  Lease price: $8.00/SF, first floor plus utilities & $6.00/SF basement plus utilities.
  • 100 River St; @10,000 SF, Lease price: $15.00/SF and CAM and taxes $3.00/SF.
Start or Relocate Your Business To Vermont

A Multitude of Town Resources is at Our Disposal.​

  • Revolving loan fund available and managed by town of Springfield.
  • SRDC (Southern Regional Development Corporation) provides grants, process information, connections, training and a revolving loan fund.
  • BRIC (Black River Innovation Campus).  Actuator is BRIC’s free entrepreneurship program designed to get tech or tech-enabled business concepts ready to launch with an 8-week focused curriculum.
  • RVTC (River Valley Tech Center) is a career and technical school in Springfield. It offers an education that prepares students to be career- and college-ready. Students learn technical skills in their program areas and employability skills that prepare them for the workplace, possibly your workplace.
Vermont Life

We Live in a Playground Surrounded by Nature.​

  • Springfield has Hiking, Hunting, Biking, Climbing, Fishing, Boating, Camping, Golf, and SnowMobiling.
  • Downtown Springfield enjoys the Black River running through our entire downtown.
  • Springfield is a full service town. Full service means we have 24/7 police, ambulance and fire.  If you do not live in a full service town, the hours that you often need these services are in the middle of the night, and they may not be available from your town.  You have to wait for state police or support from full service towns.  I would not want to wait!
Start or Relocate Your Business in Springfield

FAQ About Starting a Business in Vermont

How does the availability of 10 Gigabits Internet speeds in Springfield VT compare to other similarly sized towns or cities in the region, and what advantages does it offer specifically for businesses in terms of productivity and competitiveness?

 

The availability of 10 Gigabits Internet speeds in Springfield VT significantly outpaces the national average and even surpasses the speeds in many similarly sized towns or cities in the region. Springfield’s state-of-the-art fiber-optic network provided by VTel offers businesses an unparalleled advantage. Compared to the standard national average, which typically ranges from 100 Mbps to 1 Gbps, Springfield’s 10 Gbps Internet speeds are more than 100 times faster.

 

This high-speed connectivity confers several distinct advantages for businesses. Firstly, it drastically enhances productivity by facilitating swift data transfer, seamless communication, and efficient access to online resources. Large data uploads and downloads become virtually instantaneous, enabling businesses to operate more smoothly and respond promptly to market demands.

 

Moreover, in terms of competitiveness, businesses in Springfield with access to such high-speed internet can leverage advanced technologies, cloud services, and data-intensive applications without any lag. This ensures a competitive edge in industries where real-time data analysis, video conferencing, and collaborative online work are crucial.

 

In summary, Springfield’s 10 Gigabits Internet speeds not only surpass regional benchmarks but also provide businesses with a cutting-edge infrastructure that fosters productivity, innovation, and competitiveness in an increasingly digital and connected business landscape.

Can you provide more details about the eligibility criteria and application process for the revolving loan fund (RLF) managed by the Town of Springfield, and what types of businesses typically benefit from it?


The Town RLF was created to assist new business startups, businesses relocating from another municipality or state, or existing Springfield business expansions. To apply request an application form from the Town Manager’s Office. Items you will need include:


  • Purpose for which the loan will be used
  • Business plan that includes short and long term goals
  • A two year financial plan and what the RLF monies will be used for
  • Additional supporting information


A loan committee will review the applications, meet with the applicant, and make recommendations to the Selectboard in approximately fourteen days. These meetings and the information collected will be confidential and not shared with the public, The decision of the Board will be made in public session within approximately forty-five days.

What specific types of businesses have recently relocated to Springfield VT, and have they experienced significant growth or success in the area?   The town has witnessed a diverse influx of businesses across various sectors. Some notable examples include technology startups attracted by the town’s high-speed 10 Gigabits Internet connectivity, manufacturing enterprises taking advantage of affordable commercial rent, and service-oriented businesses capitalizing on the town’s strategic location and community resources. Some of the newer successful businesses include: Vermont WagyuMamava manufacturing plant, Tenfold EngineeringCannatrol and Lucas Industries.   For further information it is recommended to contact local economic development agencies Springfield Area: Chamber of CommerceTaylor DrinkerSpringfield Regional Development Corp., Bob Flint, or the town administrationChuck Wise, Planning and Zoning, and Barbara Courchesne , Town Clerk.   They may provide insights into recent business relocations, share success stories, and offer statistics on employment rates and overall business performance. Additionally, reaching out to the Chamber of Commerce will yield networking events and firsthand accounts from business owners who have recently made Springfield VT their home.
Commercial Properties for Purchase or Rent
Interested in Finding Out More About Springfield, Vermont?
The owner of this website has made a commitment to accessibility and inclusion, please report any problems that you encounter using the contact form on this website. This site uses the WP ADA Compliance Check plugin to enhance accessibility.