MONTPELIER, Vt. (AP) - A Vermont business is going to receive nearly $52,000 to help clean up a location in East Randolph through a special revolving loan fund.
Gov. Phil Scott says the money for KAD Properties will come from the state’s Brownfield Initiative to help clean up the LW Greenwood property.
“Strengthening our manufacturing sector is so important to Vermont’s economy, so we are pleased to welcome KAD to Vermont and appreciate their commitment to supporting our local workforce and education programs,” Scott said in a statement.
The project parcel dates back to 1929, having served as an agricultural and construction site and housed a consumer powersports equipment sales and service business. The loan will pay to install a seal and a slab to prevent the build-up of contaminated vapor beneath one building.
KAD Properties Owner and CEO Brian Kippen will return home to Vermont with the opening of the new division.
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