The objectives of the Morristown Development Fund are to improve, stimulate and maintain the economic and physical environment of Morristown by creating and retaining employment with its principal focus to benefit persons who are of low to moderate-income.
- The MDF also assists in stabilizing the local tax base by stimulating new private investment in the Town’s small and medium-sized business sector by offering to local growing businesses otherwise unavailable financing
- MDF will establish rates and terms on a case by case basis. Applications are available at the Town Administrator’s Office at 43 Portland Street
- The immediate and long-range goal is to maximize the potential for investments in Morristown’s businesses to generate new, permanent private-sector jobs
- The fund was initially capitalized in 1986 with revenue received by the Town of Morristown from the Vermont Community Development Program, and it has been conservatively invested over the years for maximum growth. It has facilitated loans for dozens of businesses in its 34-year history
The Morristown Development Fund Inc. is a Domestic, Non-Profit corporation registered with the State of Vermont with its offices at 43 Portland Street in Morrisville, Vermont.