| T. Copeland & Sons/Copeland Properties, LLC | | state | 2000 | $372,453 | | tax credit/rebate; property tax abatement |
| Systems & Software | | state | 2010 | $85,300 | | training reimbursement |
| Systems & Software | | state | 2011 | $48,709 | | training reimbursement |
| SWENSON GRANITE COMPANY, LLC | | state | 2013 | $11,465 | | training reimbursement |
| SWEET SIMONE'S | | state | 2020 | | $56,000 | loan or bond financing |
| Sweet Dream, LLC | | state | 2009 | | $123,000 | loan or bond financing |
| SWANTON MOTEL | | state | 2021 | | $140,000 | loan or bond financing |
| Swan Valley Cheese of VT | | state | 2015 | | $469,262 | loan or bond financing |
| Swan Valley Cheese of Vermont, LLC and Jonergin Realty, LLC | | state | 2011 | | $1,300,000 | loan or bond financing |
| Swan Valley Cheese Company of Vermont | | state | 2010 | $305,830 | | grant |
| Superior Technical Ceramics, Inc. | | state | 1999 | $55,228 | | tax credit/rebate; property tax abatement |
| Superior Technical Ceramics | | state | 2010 | $35,650 | | training reimbursement |
| Superior Technical Ceramics | | state | 2011 | $43,650 | | training reimbursement |
| Superior Technical Ceramics | | state | 2012 | $43,650 | | training reimbursement |
| Super Thin Saws | | state | 2020 | $39,840 | | training reimbursement |
| SUNSHINE VALLEY LLC | | state | 2021 | | $25,000 | loan or bond financing |
| SUNRISE ORCHARDS INC | | state | 2020 | | $100,000 | loan or bond financing |
| Sunrise Development, LLC | | state | 2010 | | $825,000 | loan or bond financing |
| Sunrise Development, LLC | | state | 2018 | | $1,310,997 | loan or bond financing |
| Sunrise Development, Llc | | state | 2019 | | $3,750,000 | loan or bond financing |
| Sun Common | | state | 2021 | $123,620 | | training reimbursement |
| Summit Ventures NE, LLC | | state | 2010 | | $1,300,000 | loan or bond financing |
| Sugarsnap, LLC | | state | 2010 | | $75,000 | loan or bond financing |
| Subatomic Digital LLC | | state | 2018 | $8,300 | | training reimbursement |
| Strong Horse Hospitality Inc. Dba Strong House Inn | | state | 2019 | | $375,000 | loan or bond financing |
| Stratford Publishing, Inc. | | state | 2000 | $336,601 | | tax credit/rebate; property tax abatement |
| Stowe Vail, LLC | | state | 2018 | | $1,040,000 | loan or bond financing |
| Stowe Moscow Road Solar Llc | | state | 2019 | | $1,000,000 | loan or bond financing |
| Stowe Cabins, LLC | | state | 2008 | | $354,750 | loan or bond financing |
| Stowe Area Association | | state | 2009 | $16,830 | | training reimbursement |
| STONEWOOD FARM | | state | 2020 | | $280,000 | loan or bond financing |
| STONEWOOD FARM | | state | 2021 | | $525,000 | loan or bond financing |
| Stonecutter Spirits, LLC | | state | 2018 | | $225,000 | loan or bond financing |
| Stone Environmental, Inc. | | state | 2009 | | $60,000 | loan or bond financing |
| STONE ENVIRONMENTAL, INC. | | state | 2013 | $27,665 | | training reimbursement |
| Stone Environmental Inc. | | state | 2018 | $20,781 | | training reimbursement |
| Stewart Construction - Village of Essex Junction | | state | 1999 | $16,926 | | tax credit/rebate; property tax abatement |
| Sterling Valley Systems Inc. | | state | 2018 | $1,800 | | training reimbursement |
| Sterling Technologies, Inc. | | state | 2009 | | $203,000 | loan or bond financing |
| Sterling Technologies | | state | 2012 | | $119,625 | loan or bond financing |
| Stephens Precision Inc | | state | 2018 | $75,561 | | training reimbursement |
| Stedfast, Inc. | | state | 2004 | $540,006 | | tax credit/rebate; property tax abatement |
| Stedfast, Inc. | | state | 2004 | $330,035 | | tax credit/rebate; property tax abatement |
| State Street Hospitality, Llc | | state | 2019 | | $500,000 | loan or bond financing |
| State Street Hospitality, Llc | | state | 2019 | | $1,500,000 | loan or bond financing |
| Starksboro Landfill Glc Solar Llc | | state | 2019 | | $310,555 | loan or bond financing |
| STARKSBORO LANDF | | state | 2020 | | $58,500 | loan or bond financing |
| Stark Mt Woodworking | | state | 2015 | $3,422 | | training reimbursement |
| Stafford Technical Center | | state | 2010 | $10,147 | | training reimbursement |
| Stafford Technical Center | | state | 2011 | $7,697 | | training reimbursement |
| Stafford Technical Center | | state | 2012 | $4,663 | | training reimbursement |
| STAFFORD TECHNICAL CENTER | | state | 2013 | $13,341 | | training reimbursement |
| St. Johnsbury Academy | | state | 2020 | $18,000 | | training reimbursement |
| St. Albans Bay Marina, LLC | | state | 2018 | | $1,200,000 | loan or bond financing |
| Speciality Filaments, Inc. | | state | 1998 | $518,200 | | tax credit/rebate; property tax abatement |
| Speciality Filaments, Inc. | | state | 2002 | $806,956 | | tax credit/rebate; property tax abatement |
| Soya Canfralia | | state | 2017 | $580,995 | | grant |
| SOUTHWESTERN VT HEALTH CARE CORP | | state | 2013 | $9,600 | | training reimbursement |
| Southwestern Vermont Medical | | state | 2021 | $57,037 | | training reimbursement |
| Southwestern Vermont Healthcare | | state | 2018 | $72,758 | | training reimbursement |
| SOUTHWEST VT REGIONAL TECHNICAL SCHOOL | | state | 2013 | $2,462 | | training reimbursement |
| Southwest VT Regional Techl School | | state | 2012 | $2,842 | | training reimbursement |
| Southwest Vermont Regional Technical School District | | state | 2020 | $25,000 | | training reimbursement |
| SOUTHWEST CT REGIONAL TEHCNICAL SCHOOL | | state | 2014 | $5,190 | | training reimbursement |
| SOUTH SHIRE LLC | | state | 2021 | | $110,000 | loan or bond financing |
| South Burlington Fire & Rescue | | state | 2011 | $19,800 | | training reimbursement |
| South Burlington Fire & Rescue | | state | 2012 | $19,800 | | training reimbursement |
| Sonnax Industries, Inc./Neil Joseph, LLC | | state | 2002 | $725,332 | | tax credit/rebate; property tax abatement |
| SONNAX INDUSTRIES, INC. | | state | 2013 | $36,998 | | training reimbursement |
| Sonnax Industries | | state | 2011 | $50,904 | | training reimbursement |
| Sonnax Industries | | state | 2018 | $22,350 | | training reimbursement |
| Sonic Circus, Inc. | | state | 2005 | $67,373 | | tax credit/rebate; property tax abatement |
| SOLARSENSE VT XXVII | | state | 2021 | | $600,000 | loan or bond financing |
| SOLARSENSE VT XXII L | | state | 2021 | | $1,259,741 | loan or bond financing |
| SOLACE B & B | | state | 2020 | | $193,600 | loan or bond financing |
| SOH Wind Engineering, LLC | | state | 2011 | $153,995 | | grant |
| SOH USA | | state | 2011 | $86,753 | | grant |
| Sogle Property LLC | | state | 2020 | $36,018 | | training reimbursement |
| Smugglers? Notch Management Co. | | state | 2014 | | $1,119,115 | loan or bond financing |
| Smugglers' Notch Invest. Co. | | state | 2016 | | $1,000,000 | loan or bond financing |
| Smugglers Notch Distillery, LLC | | state | 2018 | | $300,000 | loan or bond financing |
| SMITH DUANE L | | state | 2021 | | $25,000 | loan or bond financing |
| Small Batch Organics, Llc And Willin' Ventures Inc. | | state | 2019 | | $35,650 | loan or bond financing |
| Small Batch Organics, LLC | | state | 2018 | | $81,500 | loan or bond financing |
| Slow & Low Groceries, Inc. | | state | 2018 | | $30,000 | loan or bond financing |
| Slinks | | state | 2018 | | $53,040 | loan or bond financing |
| Slinks | | state | 2018 | | $100,000 | loan or bond financing |
| SLICE OF EARTH | | state | 2020 | | $50,350 | loan or bond financing |
| Skypoint Solar | | state | 2010 | $7,900,114 | | grant |
| Skinny Pancake, Inc. (The), The Skinny Pancake - Montpelier, LLC and Local Foodhub, LLC | | state | 2010 | | $154,560 | loan or bond financing |
| Skinny Pancake, Inc. (The) | | state | 2018 | | $66,000 | loan or bond financing |
| SKINNY PANCAKE INC | | state | 2020 | | $647,000 | loan or bond financing |
| Simpson Cabinetry | | state | 2015 | | $20,364 | loan or bond financing |
| SIMPSON CABINETRY | | state | 2020 | | $45,000 | loan or bond financing |
| Simport Plastics, LTD | | state | 2004 | $1,286,407 | | tax credit/rebate; property tax abatement |
| Simonds Precision Products, Inc. dba B.F. Goodrich Aerospace | Raytheon Technologies | state | 1999 | $2,006,991 | | tax credit/rebate; property tax abatement |
| Simon Pearce (U.S.) Inc., Simon Pearce (MD), Inc., Simon Pearce (PA), Inc., Pearce Family Ltd. Partnership, Pearce Family Ltd. Partnership II | | state | 2009 | | $100,000 | loan or bond financing |
| Simon Pearce | | state | 2010 | $6,700 | | training reimbursement |
| Simon Pearce | | state | 2011 | $16,083 | | training reimbursement |
| Simon Pearce | | state | 2012 | $13,996 | | training reimbursement |
| Simon Pearce | | state | 2015 | $76,512 | | training reimbursement |
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