BRATTLEBORO DEVELOPMENT CREDIT CORP
76 COTTON MILL ROAD, BRATTLEBORO, VT 05301 www.brattleborodevelopment.com

Total Revenue
$4,229,000
Total Expenses
$3,820,276
Net Assets
$3,694,417

Organizations Filed Purposes: BRATTLEBORO DEVELOPMENT CREDIT CORPORATION (BDCC) IS A PRIVATE, NONPROFIT ECONOMIC DEVELOPMENT ORGANIZATION THAT SERVES AS A CATALYST FOR INDUSTRIAL AND COMMERCIAL GROWTH IN WINDHAM COUNTY. OUR PRIMARY OBJECTIVE IS TO CREATE AND RETAIN A FLOURISHING BUSINESS COMMUNITY THAT SUPPORTS VIBRANT FISCAL ACTIVITY AND IMPROVES THE QUALITY OF LIFE OF ALL ITS RESIDENTS.

REAL ESTATE: OPERATION OF INCUBATOR INDUSTRIAL BUILDINGS AND SEVERAL LOTS IN THE EXIT ONE INDUSTRIAL PARK, HOUSING IN EXCESS OF 50 BUSINESSES, EMPLOYING IN EXCESS OF 350 PEOPLE. THE ORGANIZATION PREVIOUSLY ACQUIRED OLDER, UNOCCUPIED INDUSTRIAL BUILDINGS VACATED BY MAJOR EMPLOYERS AND CONVERTED THE BUILDINGS TO INCUBATOR FACILITIES TARGETED TO STARTUP BUSINESSES, AND TO SUPPORT REGIONAL EMPLOYERS AS THEY LOOK TO GROW AND EXPAND. THE ORGANIZATION PROVIDES ADMINISTRATIVE AND MANAGEMENT SUPPORT OF THESE BUSINESSES, AND TO THE SOUTHERN VERMONT REGION.

DEVELOPMENT PROJECTS: BDCC HAS ENTERED INTO AGREEMENTS, IN SUPPORT OF AFFILIATED ENTITIES; BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS, INC. AND BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS II, INC., ON BEHALF OF SPECIFIC EXPANSION PROJECTS FOR THE BENEFIT OF REGIONAL EMPLOYERS PROVIDING OPPORTUNITIES FOR GROWTH AND JOB CREATION.

ADMINISTERING BDCCS STRATEGIC PROJECTS, FUNDED FROM INTERNAL SOURCES, FEDERAL, STATE AND PRIVATE FOUNDATION GRANTS, INCLUDING WORKFORCE CENTER OF EXCELLENCE, SOUTHERN VERMONT ECONOMY PROJECT, AND WINDHAM COUNTY ECONOMIC DEVELOPMENT PROGRAM.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Adam GrinoldEXECUTIVE DIRECTOR40$122,769
Stephan MorseTRUSTEE1$0
Mark RichardsTRUSTEE1$0
Steve GordonTRUSTEE1$0
Dan NormandeauTRUSTEE1$0
Phil StecklerTRUSTEE1$0
Kevin MeyerTRUSTEE1$0
Craig MiskovichTRUSTEE1$0
John MeyerASST. TREASURER1$0
Deborah BoyleTREASURER1$0
Tammy RichardsVICE PRESIDENT1$0
Robert StevensPRESIDENT3$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202000389349300135_public.xml