[5] Ludlow Woolen Mills is a prominent feature of the village and its history.

The mill was first built for woolen manufacture in 1834 and operated until 1837, when the business failed in the economic panic of that year.

The mill complex, by then including a machine shop, sawmill, and boardinghouse, changed hands again in 1856 and 1864.

By 1885 it was known as the "Ludlow Woolen Company" and included sections for spinning, carding, weaving, dressing, finishing and dyeing wool.

[7][8][9] Notable alumni of the Black River Academy include U.S. President Calvin Coolidge; Rotary founder Paul P. Harris; John Garibaldi Sargent, who was U.S. Attorney General during Coolidge's presidency; and Vermont governor William W.

The district is located along a section of Main Street (Vermont Route 103) and Depot Street and includes the former Ludlow Woolen Mills (now housing a condominium and several retail businesses), post office, meeting hall, Black River Academy, fire house, and several churches, businesses, and residences.

[11] According to the United States Census Bureau, the village has a total area of 1.4 square miles (3.5 km2), all land.