In response to recent restructuring at Castleton University, Rutland Economic Development Corporation (REDC) announced on March 1, 2018, that the University will be exercising its option to end the current co-location of services with REDC in downtown Rutland. The agreement between REDC and Castleton calls for a 90-Day written notice between parties, which has been executed. Under the agreement, Lyle Jepson, Dean of Entrepreneurial Programs at Castleton University, also serves as the Executive Director of REDC.
In a statement released by Castleton University, it was noted that, “Lyle Jepson is Castleton’s Dean of Entrepreneurial Programs and will remain in that role through a 90-Day transition period as the University moves away from its formal partnership with REDC. We anticipate continued work with REDC and Lyle, long after the formal relationship ends, building off the positive momentum the partnership has created thus far for the University and for the Rutland Region.”
As Executive Director of REDC, Jepson indicated that, “Our goal is to support the University so that it can quickly succeed in restructuring and continue to be a strong economic partner. Rutland Economic Development Corporation will support the University, as we do all of our partners, in ways that will strengthen our local and regional workforce. Our work at REDC will continue in earnest as we work to grow our population, increase the pool of skilled workforce, support our region’s business and industry, and create relationships that will strengthen each of the communities that we serve in Rutland County.”
John Russell III, President of the REDC Board pointed out that, “This is an opportunity to reshape our delivery model and renew the positive energy that is moving the Region forward. REDC’s structural and financial position has never been stronger, and we look forward to continuing a collaborative effort with the University as we move forward with our common goal of supporting the potential and growth of the region we call home.”
For information on the services and opportunities provided by Rutland Economic Development Corporation, feel free to call us at 802-773-9147.