According to the Brattleboro Development Credit Corporation executive director, businesses have “a lot of pent up” energy.
This is only one piece of good news for the Windham County economy.
A silver lining of the global COIVD-19 pandemic is that it has caused an influx of cash — mostly federal — and a jump in the number of people sheltering in the area since the public health crisis hit Vermont last year.
Daniel Yates, President and CEO of Brattleboro Savings & Loan, says his bank’s assets have gone from $222 million to $291 million.
Data from the state shows that property transfers to out-of-state buyers in 2020 increased statewide by 38 percent compared to the previous year.
Yet, as the old adage goes, what goes up must come down.
Or, to put a Vermont spin on Windham County’s economy, we won’t know how much of this economic boom will be Golden Color with Delicate Taste or Very Dark Color with Strong Taste until everything sugars off.
“While I always try to look at the current challenges through the lens of future opportunities, I should be sure to reference the sheer our state experienced in economic output as a result of the shutdown,” Grinold said. “We have a long way to get back to where we were pre-COVID, which was just getting back to close to where we were pre-2008 recession.”
