Financing for Vermont Businesses and Farms

G.S. Precision, Inc.
Brattleboro

G.S. Precision, Inc. (GSP) is a leading manufacturer of high-precision machined components and assemblies for commercial and military aircraft engines, power generation turbines, defense systems, thermal imaging devices and other commercial industry applications.  Founded in 1958, GSP has grown to employ over 500 people, with headquarters located at the Exit One Industrial Park in Brattleboro.  Additional GSP manufacturing facilities are located in New Hampshire, Mexico and California.  During periods of peak demand, GSP has operated at close to or over capacity at its Vermont facilities.  In 2016, with the help of the Brattleboro Development Credit Corporation (BDCC) and a consortium of funding entities, including financing provided by VEDA and BDCC, GSP undertook a $17 million expansion project at the Exit One Industrial Park, enabling the Company to further expand operations to meet future demand in the coming years.  Additional financing for the expansion was provided by TD Bank, CDBG funds, the Town of Brattleboro, and Windham County Economic Development funding, as well as New Market Tax Credits issued by several community development entities, and Vermont Employment Growth Incentives.  It is projected that within five years of the expansion, GSP will add as many as one hundred jobs in Vermont.

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