RANDOLPH, Vt. (AP) — Officials say state assistance is going to help a Vermont business that makes lighting products double its workforce to more than 100 people by finding it a new, 27,600-square-foot facility in the town of Randolph.
Republican Gov. Phil Scott and Democratic Sen. Patrick Leahy announced Wednesday that nearly $1.5 million in state and federal assistance would support the construction of the new home for LEDdynamics.
The nearly $5 million project is financed with a Vermont Economic Development Authority loan and company equity.
LEDdynamics was founded in 2000 in Rochester. It moved to its current facility in 2004.
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The new facility is expected to be completed by next spring.