Program Championed by Vermont Chamber Successfully Deploys $18.5 Million to Vermont Businesses

Program Championed by Vermont Chamber Successfully Deploys $18.5 Million to Vermont Businesses

The VEDA Short-Term Forgivable Loan Program issued business loans to 201 companies in all 14 counties, totaling $18.5 million of funding. This economic development program was successfully advocated for by the Vermont Chamber in the 2022 legislative session and was instrumental for businesses to recover from the pandemic, particularly those in the manufacturing and tourism industries.  

The program was fully subscribed to by February 2023. The business relief program provided financial assistance to businesses whose operations were harmed by pandemic-related economic impacts, such as restaurants, lodging properties, and special events vendors, who were forced to close or severely limit their operations.

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CTE Report Confirms Need for Significant Reform

CTE Report Confirms Need for Significant Reform

Several committees received a walkthrough of a lengthy report on the funding and governance of Vermont’s career technical education (CTE) system. Study findings suggest that to meet Vermont’s significant workforce needs, “simple changes in the system’s governance or funding will not be sufficient.” To make meaningful progress, the report outlines several recommendations. 

The report outlined solutions to be considered in the following areas: 

Funding 

  • Additional funding to incentivize student engagement and make CTE centers more accessible 
  • Specific funding for facility upgrades to update physical infrastructure and increase capacity  
  • Implement a weighted student formula, eliminating tuition-based funding 

Policy 

  • Require alignment of academic calendar and requirements by region 
  • Review teacher requirements and salary policies  

State Capacity  

  • Hire additional Agency of Education staff 
  • Increase awareness of CTE by requiring career exploration offerings to middle school students 
  • Eliminate core course repetition and ensure more efficient cost credentialing  

Larger Systems Change 

  • Explore opportunities to expand programming beyond CTE centers 
  • Coordinate a governance structure by region or single statewide district  

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Conflict Between Policy and Politics Continues to Obstruct Meaningful Housing Legislation

Conflict Between Policy and Politics Continues to Obstruct Meaningful Housing Legislation

Many legislators in the House appear committed to promises made on the campaign trail to prioritize meaningful action on housing. In particular, a group of legislators in the House General and Housing Committee stood up for their constituents in response to House leadership giving sole jurisdiction on land use, zoning, and Act 250 to the House Energy and Environment Committee. A heated debate on committee jurisdiction ensued, with several committee members concerned that politics is hindering good policy. 

Legislators such as Reps. Caleb Elder (Addison-4), Ashley Bartley (Franklin-1), and Saudia LaMont (Lamoille-Washington), fought for the opportunity to have important discussions about regulations that are deeply impacting Vermont’s Housing crisis. Several of these same regulations were supported by the Senate Economic Development, Housing, and General Affairs Committee before being altered by the Senate Natural Resources Committee. 

While no action was taken on Act 250, the bill as passed out of the committee does support several programs the Vermont Chamber has advocated for, including the Vermont Housing Improvement Program, the Revolving Loan Fund, and the Missing Middle-Income Homeownership Development Program. The committee ultimately passed the bill out of committee 8-4. The bill will now officially be taken up by the House Energy and Environment Committee to review the bill sections dealing directly with Act 250 and zoning.  

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Childcare Solutions Must Address Availability, Dependability, and Affordability

Childcare Solutions Must Address Availability, Dependability, and Affordability

The Vermont Chamber testified before the House Human Services Committee on S.56 expressing the need for balanced solutions that will provide the existing workforce with relief from the issues of availability, dependability, and affordability. Legislators must pose critical questions about how, and if, the solutions proposed in the bill address those three areas and if money alone will solve the problem. The Vermont Chamber will continue to raise concerns that amid a severe workforce shortage in every industry, taxing workers and businesses to increase wages for one industry must come with a concrete plan for accountability to ensure more dependability and availability of childcare spots for working families.

The Vermont Chamber continues to advocate in support of not having the availability of CCFAP subsidies tied to the STAR system, and for the legislature to further consider the opportunity for full-time pre-kindergarten to be part of the public school system. Additionally, the Vermont Chamber is urging legislators to consider tax credit opportunities for businesses that are already investing in childcare solutions to ensure employers are not placed in the position of reducing or removing those benefits to cover a tax that may not provide additional solutions for their workers. 

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