Who We Are

Flex Fund Background

The Flexible Capital Fund, L3C (Flex Fund) is a low profit, limited liability company launched in 2011. Managed by the Vermont Sustainable Jobs Fund, the Flex Fund is supported by 38 investor members committed to helping small and innovative growth-stage companies in the green economy stay and grow in Vermont.

The Flex Fund recognizes that companies in rural areas, like Vermont, tend to be smaller and work on a less than global scale. These rural companies may need a form of “equity” to fuel growth but need it in lesser amounts and perhaps at lower returns than traditional venture capital requires. The Flex Fund offers Vermont financing which balances equity features and returns with the realities of Vermont’s small business environment.

Technical assistance, mentoring, and access to networks go hand in hand with flexible risk capital to meet Vermont early and growth stage companies’ needs. The Flex Fund offers access to the CEO advisory services and a breadth of other business and leadership networks essential to the sustainable growth of a business.

Mission

The Flex Fund’s mission is to invest in growing Vermont companies that fill a gap, or strengthen the supply chain in sustainable agriculture and food systems, forest products, renewable energy, clean technology, and other natural resource sectors. By helping our portfolio companies grow their businesses, we accelerate the rate at which Vermont, and the region, moves towards healthy food systems, renewable energy, and climate change solutions, while preserving Vermont’s working landscapes and building resilient communities.

The Team

Janice St. Onge, President of the Flexible Capital Fund, L3C.

President

Janice St. Onge is President of the Flexible Capital Fund.

Janice brings economic and business development as well as financial expertise to the organization, having served in the technology and financial services industries, as well as higher education and state government sectors during her 25-year career. Janice has ten years of experience at Peoples United Bank in Connecticut serving in retail management, commercial real estate lending (managing a $21 million portfolio) and organizational development roles during her tenure there.

During her career, Janice served as the Director of the Vermont Business Center (VBC) at the University of Vermont and Technology Business Development Director for the Vermont Department of Economic Development. She received the 2001 National Tibbetts Award in recognition for her outreach work with the Small Business Innovation Research (SBIR) program in Vermont. Janice is a graduate of the University of Utah with a B.A. in Marketing and is an alumni of the Snelling Center for Government’s Vermont Leadership Institute. She serves on the Vermont Small Business Development Center Advisory Board, the Clean Energy Development Fund Board, the Energy Action Network Capital Mobilization Group, and is a member of Slow Money Vermont’s Organizing Committee. A Stowe, Vermont resident, Janice was co-founder of the Stowe Energy and Climate Action Network and a former International Ski Federation (FIS) World Cup Freestyle Skiing Judge.

Flexible Capital Fund Board of Managers (not pictured Christine Donovan)

Board of Managers

The Flex Fund Board of Managers provide industry expertise, in and out-of-state networks, and an understanding of the challenges and opportunities Flex Fund companies face in growing their business in Vermont. They also have a deep understanding of and passion for our mission and work.

Investment Committee

The Flex Fund’s Investment Committee members bring lending, equity investment and financial expertise to the table. The committee is responsible for making recommendations to the Flex Fund Board of Managers for loan investment approvals.