Vt Equipment Access Program
Welcome to the Vt Equipment Access Program!
Who does the Vermont Equipment Access Program Serve? Now available to food processors incubating at Vermont’s two food hub facilities (Mad River Food Hub and Vermont Food Venture Center), the Vermont Equipment Access Program is designed to accelerate business growth by providing timely leases for specialized food producers.
How does the Vermont Equipment Access Program work?
The VEAP helps you by leasing the equipment you need as you grow. The program is designed to:
- Increase the consistency and quantity of your food product
- Increase your daily production capacity
- Increase the gross margin of your food business
The VEAP is designed as a revolving fund, so your lease payments go back to help the next food business to grow.
Download the Vermont Equipment Access Program Brochure
Should I apply?
If you meet all of the following criteria, you should consider applying for VEAP:
- Applicant is a Value Added Food Processor with a business registered and located in Vermont
- Applicant has been a customer of the Vermont Food Venture Center (VFVC) and/or Mad River Food Hub (MRFH) for a period of not less than 3 months and has shown commitment to seeking technical assistance, attending workshops, and establishing positive business relationships
- Applicant directly or indirectly sources ingredients for their value added food processing from local Farms/Producers (Vermont plus 30 miles)
- Applicant annual revenue is greater than $20,000
- Applicant intends to use the leased equipment in Vermont
- Applicant’s required equipment lease amount is in excess of $5,000
Vermont Equipment Access Program Team
- The Vermont Community Loan Fund is a nonprofit, mission-driven lender committed to healthy communities and financial stability for all Vermonters. Their role is to administer the leases to businesses and manage the revolving lease fund.
- The Mad River Food Hub and the Vermont Food Venture Center are Vermont’s two food business incubators and food hub facilities. Their role is to help identify, support and recruit businesses for the program.
- An external Review Committee, made up of business and agricultural experts across the state, will be responsible for reviewing your application and recommending your lease.
- To learn more contact either Robin Morris at the Mad River Food Hub or Sarah Waring Center for an Agricultural Economy and home of the Vermont Food Venture Center.