NEWPORT — Gov. Peter Shumlin announced the allocation of $2.4 million in tax incentives to 37 projects today, one of which is the Pick and Shovel in Newport.
The project will consist of the installation of a wheelchair lift that will allow the store to improve access for all patrons to its two levels, and 66,000 square feet of retail space.
The Pick & Shovel is a family-owned independent general store and anchor in downtown Newport. Founded in 1975, the business employs over 50 full time and part time staff.
Total Project Cost: $104,000
Tax Credits: $22,000
The incentives given out to the 37 projects statewide, support nearly $78 million in downtown, village, and village center construction and rehabilitation projects.
“These incentives are proven to jumpstart transformation in communities and have brought jobs, business and housing to downtowns and villages across the state,” said Governor Shumlin. “And when we put people to work revitalizing our communities, we not only support local economic development – we’re building a better and stronger Vermont for the next generation.”
