| Mack Molding | | state | 2012 | $103,322 | | training reimbursement |
| Mack Molding Company | | state | 2011 | $110,000 | | training reimbursement |
| Mack Molding Company, Inc. | | state | 1998 | $6,455,600 | | tax credit/rebate; property tax abatement |
| Mad River Park Corporation | | state | 2011 | | $210,000 | loan or bond financing |
| Mad River Woolery, LLC | | state | 2017 | | $85,200 | loan or bond financing |
| Madhouse Munchies | | state | 1999 | $93,675 | | tax credit/rebate; property tax abatement |
| Maitri Health Care for Women, PC | | state | 2008 | | $500,000 | loan or bond financing |
| Maitri Health Care for Women, PC | | state | 2008 | | $50,000 | loan or bond financing |
| Manchester Hotel Assoc. II | | state | 2016 | | $1,500,000 | loan or bond financing |
| Mansfield Hall, LLC | | state | 2018 | | $1,000,000 | loan or bond financing |
| Mansfield Hall, LLC | | state | 2018 | | $500,000 | loan or bond financing |
| Mansfield Hall, Llc | | state | 2019 | | $125,000 | loan or bond financing |
| Mansfield Heliflight | | state | 2016 | $8,960 | | training reimbursement |
| Manufacturing Solutions Inc. | | state | 2011 | $8,000 | | training reimbursement |
| Manufacturing Solutions Inc. | | state | 2012 | $4,320 | | training reimbursement |
| Manufacturing Solutions, Inc. | | state | 2014 | | $62,884 | loan or bond financing |
| Manufacturing Solutions, Inc. | | state | 2018 | | $3,634,000 | loan or bond financing |
| Maple Grove Farms of Vermont | B&G Foods | state | 2011 | $25,000 | | training reimbursement |
| Maple Landmark Inc. | | state | 2018 | $12,125 | | training reimbursement |
| Maple Mountain Woodworks | | state | 2010 | $80,000 | | training reimbursement |
| Maple Mountain Woodworks | | state | 2010 | $40,100 | | training reimbursement |
| Maple Mountain Woodworks | | state | 2011 | $40,100 | | training reimbursement |
| Maple Mountain Woodworks | | state | 2012 | $39,392 | | training reimbursement |
| Maple Mountain Woodworks. LLC | | state | 2009 | $143,436 | | grant |
| Maponics | | state | 2011 | $19,903 | | training reimbursement |
| Maponics | | state | 2012 | $11,402 | | training reimbursement |
| Maponics, LLC | | state | 2015 | $156,490 | | grant |
| Marlboro College | | state | 2010 | $10,000 | | training reimbursement |
| Marsh, Diane R. And Richard L. | | state | 2019 | | $213,800 | loan or bond financing |
| Marvell | | state | 2019 | $5,351,024 | | grant |
| Marvin, David & Lucy | | state | 2008 | | $300,000 | loan or bond financing |
| Mary Meyer Corporation/Mary Grace, LLC | | state | 2002 | $73,587 | | tax credit/rebate; property tax abatement |
| Mascoma Corporation | Mascoma | state | 2007 | $1,942,989 | | grant |
| Mass Bay Brewing Company dba Harpoon Brewery/Windsor Vermont Properties LLC | | state | 2000 | $170,942 | | tax credit/rebate; property tax abatement |
| Mass Bay Brewing Company, LLC dba Harpoon Brewery | | state | 2004 | $83,395 | | tax credit/rebate; property tax abatement |
| MBF Bioscience | | state | 2010 | $19,530 | | training reimbursement |
| MBF Bioscience | | state | 2011 | $13,194 | | training reimbursement |
| McKernon Group | | state | 2010 | $13,721 | | training reimbursement |
| Med Associates | | state | 2010 | $11,559 | | training reimbursement |
| Med Associates | | state | 2011 | $5,679 | | training reimbursement |
| MED Associates, Inc. | | state | 1999 | $158,524 | | tax credit/rebate; property tax abatement |
| MESABI, INC. | | state | 2013 | | $1,417,500 | loan or bond financing |
| Mettowee Mill Properties, LLC | | state | 2018 | | $315,000 | loan or bond financing |
| Mhg Solar, Llc | | state | 2019 | | $2,000,000 | loan or bond financing |
| MicroData GIS, Inc. | | state | 2003 | $374,587 | | tax credit/rebate; property tax abatement |
| Micropack - Town of Randolph | | state | 2004 | $46,900 | | tax credit/rebate; property tax abatement |
| Microprocessor Design | | state | 2018 | $10,507 | | training reimbursement |
| Microprocessor Designs | | state | 2010 | $16,108 | | training reimbursement |
| MICROPROCESSOR DESIGNS, INC. | | state | 2013 | $8,490 | | training reimbursement |
| MicroStrain | | state | 2010 | $61,700 | | training reimbursement |
| MicroStrain | | state | 2011 | $41,771 | | training reimbursement |
| Microstrain (LORD Corp) | | state | 2015 | $37,808 | | training reimbursement |
| Middle Road Market | | state | 2018 | | $228,000 | loan or bond financing |
| Middlebury Sweets, LLC | | state | 2018 | | $143,200 | loan or bond financing |
| Middlebury Sweets, LLC | | state | 2018 | | $36,800 | loan or bond financing |
| Millstone Hill Lodge | | state | 2019 | | $269,200 | loan or bond financing |
| Mitchell & Francis, Inc. d/b/a Shoreham Inn and Francis & Mitchell, LLC | | state | 2009 | | $120,000 | loan or bond financing |
| Mjs Property, Llc And Slink's Garage And Autobody And Paint, Llc | | state | 2019 | | $197,140 | loan or bond financing |
| Mobile Medical | | state | 2019 | $15,055 | | training reimbursement |
| Mobile Medical International Corporation | | state | 2001 | $1,103,466 | | tax credit/rebate; property tax abatement |
| MOBILE MEDICAL INTERNATIONAL, INC. | | state | 2013 | $15,352 | | training reimbursement |
| Monahan SFI, LLC | | state | 2007 | $791,277 | | grant |
| Montchilly, Inc. d/b/a Northern Lights Lodge | | state | 2010 | | $490,000 | loan or bond financing |
| Moore Wallace, Inc. | R.R. Donnelley & Sons | state | 2003 | $162,167 | | tax credit/rebate; property tax abatement |
| Moore/Wallace Computers, Inc. | | state | 2004 | $162,167 | | tax credit/rebate; property tax abatement |
| Moreau & Moreau, Inc. | | state | 2018 | | $115,000 | loan or bond financing |
| Moscow Mills | | state | 2010 | $10,012 | | training reimbursement |
| Motio Recreation, Inc. And Rocky Farm Properties, Llc | | state | 2019 | | $200,000 | loan or bond financing |
| MSI | | state | 2017 | $1,190,871 | | grant |
| MSI | | state | 2018 | $928,824 | | grant |
| Mt Inn 2020 Llc Dba The Mountain Inn | | state | 2019 | | $500,000 | loan or bond financing |
| Muriel's Llc | | state | 2019 | | $100,000 | loan or bond financing |
| My Favorite Things Food Truck, Llc | | state | 2019 | | $32,400 | loan or bond financing |
| Mylan Technologies | Viatris | state | 2011 | $41,813 | | training reimbursement |
| MYLAN TECHNOLOGIES | Viatris | state | 2014 | $206,180 | | training reimbursement |
| Mylan Technologies, Inc | Viatris | state | 2012 | $4,228,373 | | grant |
| Mylan Technologies, Inc. | Viatris | state | 1999 | $576,729 | | tax credit/rebate; property tax abatement |
| Mylan Technologies, Inc. | Viatris | state | 2003 | $2,426,152 | | tax credit/rebate; property tax abatement |
| Mylan Technologies, Inc. | Viatris | state | 2010 | $50,200 | | training reimbursement |
| MyWebGrocer, Inc | | state | 2009 | $453,475 | | grant |
| MYWEBGROCER, INC. | | state | 2013 | $79,223 | | training reimbursement |
| NASTECH, Inc. | | state | 2002 | $811,588 | | tax credit/rebate; property tax abatement |
| National Hanger Company | | state | 2000 | $271,215 | | tax credit/rebate; property tax abatement |
| National Hanger Company, Inc | | state | 2014 | $227,668 | | grant |
| Neagley, Mark R. & Chase, Thomas E. | | state | 2014 | | $718,555 | loan or bond financing |
| NEHP, Inc. | | state | 2007 | $182,396 | | grant |
| Nevtec, Ltd. | | state | 2019 | | $50,000 | loan or bond financing |
| New England Carpenters Union | | state | 2008 | $37,500 | | training reimbursement |
| New England Center for Circus Arts, Inc. | | state | 2017 | | $391,866 | loan or bond financing |
| New England Culinary Institute | | state | 2008 | $109,475 | | training reimbursement |
| New England Culinary Institute | | state | 2008 | $93,500 | | training reimbursement |
| New England Culinary Institute | | state | 2009 | $99,350 | | training reimbursement |
| New England Dairy Processing Coop | | state | 2003 | $87,218 | | tax credit/rebate; property tax abatement |
| New England Precision | | state | 2010 | $4,313 | | training reimbursement |
| NEW ENGLAND PRECISION INC. | | state | 2014 | $21,497 | | training reimbursement |
| New England Precision Inc. | | state | 2018 | $40,579 | | training reimbursement |
| New England Precision, Inc. | | state | 1999 | $196,700 | | tax credit/rebate; property tax abatement |
| New England Precision, Inc. | | state | 2001 | $82,148 | | tax credit/rebate; property tax abatement |
| New England Precision, Inc./Clifford Properties, Inc. | | state | 2008 | $241,236 | | grant |
| New England Supply, Inc. | | state | 2010 | | $380,000 | loan or bond financing |
| New England Supply, Inc. | | state | 2010 | $67,953 | | grant |
