Downtown Program

Randolph's Downtown Designation

A tool to help our Community Grow and Thrive


The town of Randolph's downtown has received a special recognition from the state of Vermont that only 23 downtowns in the state can boast about as being part of the Designated Downtown Program.

The designation allows Randolph to benefit from tax credits, grants, awards, and other benefits.

To be a Designated Downtown means that you have pledged to work collaboratively to improve the strength of your downtown and downtown organization by working on four major goals. These goals are required by the state and specific to the downtown area but they benefit the whole community.


Downtown Program Goals


Organizational Development


Building a stronger downtown organization and network to try to implement the program.

Revitalization


Updating buildings and infrastructure, as well as enlivening community spirit and involvement.

Promotion

Improving the visibility of your downtown inside and outside the community.

Marketing


Bringing goods and services in the community to the attention of those who can use them, encouraging business development.



Programs supported by the Downtown Program








Tax Credit Program


Tax Credits help stimulate private investment, create jobs, restore historic buildings, and jump start the revitalization seen in Vermont's Downtown Designation and village centers. Successful projects range from small bed and breakfasts and rental apartments to multi-million dollar downtown investments.

Tax Credit Types

10% Tax Credit for Substantial Rehabilitation of Certified Historic Buildings: A state income tax credit of 10% for the costs of substantially rehabilitating a certified historic building is available as an "add-on" credit for projects that qualify for the 20% Federal Rehabilitation Investment Tax Credit (RIT).

25% Tax Credit for Rehabilitation of Older or Historic Buildings: A state income tax credit of 25% is available for owners or lessees of buildings built prior to 1983 that undertake projects that cannot qualify for the 20% Federal RITC and 10% State "add-on" credit. Up to $25,000, this credit is for the 25% of costs of a large variety of building improvements.

Sprinkler System Rebate: A rebate of up to $4,000 of the construction permit fees paid to the Department of Labor and Industry when installing a complete automatic fire sprinkler system, if the project receives either 10% or 25% state building rehabilitation tax credits.

50% tax credit is available for elevators, lifts and sprinkler systems: A 50% state income tax credit is available to property owners and lessees for installing or improving an elevator, platform lift or sprinkler system to meet building codes.

Downtown and Village tax credits will be awarded again this summer

RACDC encourages building owners in eligible areas to contact us – we will be happy to help review your project and if it’s eligible, help you prepare the applications that meet program guidelines. Application deadlines change each year, please visit VT Agency of Commerce and Community Development site for this years submission date.


Download Guidelines and Application

What is eligible?

Buildings built before 1983 and located in a Designated Downtown or Village (in our area they include Randolph's Designated Downtown, East Randolph, and Bethel's Designated Village Centers) are potentially eligible to receive tax credits for capital improvements. To find our if your building is located within one of the state's downtown or village designations, you can look up your location at http://smartgrowth.vermont.gov/

Eligible types of projects include: sprinkler systems, elevators or lifts, code upgrades or facade improvements. A new tax credit supports telecommunications and wiring updates that help with digital building improvements. There are also credits available that "piggy back" onto anyone using Federal Hisotric Tax Credits that cover a wider variety of improvements.

These credits have helped building owners rebuild after fires, install sprinklers to prevent loss of life or property, and improve the 'curb appeal' or function of their buildings. Tax credits awarded can be used by the landowner, or, more often, sold to banks, which then use them to offset their state taxes. Downtown tax credits are one of the easiest of all the state programs to apply for and use. Applications are usually due on or about July 1st of every year, and decisions made by the end of August. Start early!

For more information on the designation program and tax credit opportunity, contact RACDC at 802-728-4305 or racdc@racdc.com.





Downtown Kiosk


The Downtown Kiosk is a part of the Downtown Program's goal to promote the visibility of downtown businesses and Randolph. Below are downloads for the current panels in the kiosk. There are several panels that are reserved for community events and announcements.


Kiosk Posting Instructions

Where: Submit your postings in the lobbies of Northfield Savings Bank, Lake Sunapee Bank, or in RACDC office (Basement of Lake Sunapee Bank).

When: Submit to us by Friday for posting the following Monday.

What: Flyers and posters up attractively presented and easy to read. 

Who: Town-Sponsored events and Randolph based organizations will have priority usage. The program being advertised must be open to the public or for the benefit of the greater Randolph Area Community

Why: The kiosk is brought to you by the town of Randolph and RACDC as part of our efforts to strengthen and revitalize our downtown.

Posting is limited to available space. RACDC may limit the length of posting time and reject innapropriate postings at its sole discretion. Thanks for your submissions. If you have any questions please contact us. 




Downtown Community Events



Maker Faire

RACDC holds the Randolph Mini Maker Faire in downtown Randolph each fall. The Maker Faire is a family-friendly showcase of invention, creativity and resourcefulness, and a celebration of the Maker Movement. It's a place where people can show what they are making, and share what they are learning. 

Makers range from tech enthusiasts to crafters to homesteaders to scientists to garage tinkerers. They are of all ages and backgrounds. The aim of the Maker Faire is to entertain, inform, connect, and grow this community.




Safe and Seen Halloween

RACDC partners with the Town of Randolph and the White River Valley Chamber of Commerce in a Halloween Celebration in Downtown Randolph. Hundreds of families march in the Halloween parade starting from the Town Hall to gazebo park where RACDC has a booth giving out candy and toys, down Main St to local businesses who participate in handing out candy and through Hospital Hill (Highland Ave & Maple St) for trick-or-treating.