Throughout our over 70 year history we’ve worked for the economic betterment of the community.

Take the 1950’s, when we helped facilitate the sale of a building on Columbian Avenue to a company who then became a major employer: General Electric. Or how, throughout the 1960’s and 1970’s, we worked to bring businesses to the Otter Creek Industrial Park – providing jobs for area residents. And, in the 1980’s and 1990’s, how we broadened our focus, once strictly industrial, to also include retail, tourism and service businesses. With each changing era, we’ve changed to meet the needs of the area, its communities and businesses.

Now, that we are in the 21st century, we are using technology to benefit our region.

Working to communicate and compete on a national and global level. By forging a partnership with area education, we will ensure our workforce is up to the challenge of the new economic era. REDC can assist your business with site selection, permitting and financing – simplifying your relocation and making your expansion easier. We understand the many complex issues surrounding businesses and we work closely with local, state and federal governments; we can help your business grow. REDC: Ensuring prosperity, sustaining growth.

timeline_pre_loader

1937 1st meeting of shareholders, A. A. Cree elected President

1937 Open free Willow & Edson Street parking lot

1940 Institute 10¢ parking fee

1951 Purchased 55 acres. Sold 28 Acres to Samica; Built Windcrest Road to service Industrial Park

1953 Purchased 65 acres in Rutland Town

1954 A. A. Cree resigns to head Hospital campaign, Robert Mitchell elected President; R Mitchell appoints Bob Stafford to head fund raising campaign; Assisted Tambrands purchase of 25 acres on Park Street; Recruited GE to fill former Tambrands building in Rutland City

Tambrands

1958 Formed New Industries, Inc.

1960 Land sale to Moore Business Forms

Moore

1961 Spec building sold to McIntyre

1965 Land sale to Mal Tools and Moore Business Forms; Start development of Otter Creek Industrial Park

Metro Mail 1965

1975 GE opens 2nd facility on Windcrest Road

1976 Expand Cold River Industrial Park

Lepco Plastics

1977 Rutland Development Corp & New Industries merged to form RIDC

1978 State charters 12 Regional Development Corporations; Ned Pike & John Russell, II lead fund raising campaign, $300,000; Purchased Patch Wegner building; Sold spec building to Coca Cola in Cold River Ind. Park

Patch WagnerCoca Cola

1979 RIDC hires first full time employee, Michael Bancroft

1980 Plans for Airport Industrial Park (AIP) unveiled

1981 7-up Bottling & Tuttle Law move to Cold River Ind. Park

Tuttle Law Print

1983 RIDC acquires 118 acres from State of Vermont for AIP

1985 Patch Wegner Building sold to Himolene

Patch Wagner

1986 AIP infrastructure completed

Rutland-Airport-Industrial-Park

1989 Kalow Technologies first tenant in AIP

Kalow Technologies

1990 Knight Cabinets moves to AIP

Knight Kitchens

1991 FedEx moves to AIP; First IRP RLF $480,000

Fed Ex

1993 Vermont Country Store moves to AIP; RIDC establishes first Revolving Loan Fund

VT Country Store

1994 RIDC changes name to REDC

1994 RIDC changes name to REDC; AIP Phase 2 begins; 2nd IRP RLF $1,000,000

1995 Tuttle Printing builds warehouse in AIP; REDC guarantees loan for Brandon Industrial Park; VT Tubbs builds new facility in Brandon Industrial Park

 

1997 Ellison Surface Technologies moves to AIP

Ellison

2001 REDC builds new home for H. Hirschmann, Ltd.

Hirschmann

2002 3rd IRP RLF $345,000

2008 Transfer of Airport Business Park to Owners

ABP Transfer cropped

2009 Vermont Wood Pellet moves to AIP

2012 Ellison expands in Cold River Industrial Park

REDC Honors Lyle Jepson at annual meeting, November 14, 2014

Lyle Jepson

At the 77th annual REDC meeting, board member Lyle Jepson was honored for his work with REDC. He was Given the REDC Member of the year Award

Rutland Makers Faire, August 3 2015

Business flocked to Main Street to show of their products in the 2015 ‘Mini’ Makers Faire in Rutland

2015 Road Pitch

Enraptures and investors ride their motorcycles around the state, stopping in Rutland to talk with small business owners.

REDC Adds three to board!

John CasellaShana Louiselle1 (From top to bottom) John Casella II, Shana Louiselle, Mark Werle all joined the REDC board in late 2015

Partnership with Castleton University Announced, Wednesday December 15th 2015

Moving in a new direction, Castleton University and REDC have contacted a partnership to help improve the Rutland Region. The goal of which is to create an environment where students will want to stay, and work, after they graduate. Major-Employer-Castleton

Lyle Jepson named REDC Executive Director

Lyle JepsonCastleton University’s Dean of Entrepreneurial Programs, Lyle Jepson was named Executive Director of REDC after the recent partnership between Castleton and REDC was announced.

Two new assistant directors!

Sara Gilbert, former Director of Business Development at Neighborworks of Western Vermont. Gilbert will work on the development of strategic initiatives, specifically focusing on business growth, retention and employee recruitment.

Sarah-Gilbert

Tyler Richardson, former Administrative Service Director for the Nebraska Realtors Association. Richardson will be marketing economic opportunities in the Rutland region. His focus will be on business site location, incubator development and financing opportunity.

Tyler

 

 

A new and Improved location!

REDC moves to its new, and current, location! 67 Merchents row, Rutland, 05701. REDC will be sharing the Castleton Downtown space with the Castleton Polling Institute.

Castleton-Downtown-Rutland-VT

Maker Faire Returns to downtown! July 2016

Road Pitch comes to Rutland for the 3rd year

2016 is the third year Road Pitch has came to Rutland.

REDC gives Maker Space 50k for startup

The REDC board voted unanimously to give $50,000 to help the Greater Rutland Maker spaces get its start. This includes three free years of rent in REDC’s Quality Lane Facility. REDC will also be covering the Maker Spaces utilities during that time as well.

Senator Leahy applauds Rutland for it's work- November 2016

Senior Senator Patrick Leahy applauds the work REDC has been doing in the wider Rutland community.

Over $100,000 in grants given out

REDC has given out over $100,000 in grants to 5 local business. This investment will create over 20 new jobs!