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Creating the Omnibus Economic Development Bill
The Senate Economic Development Committee is crafting an Omnibus Economic Development bill to fund and create programs with ARPA dollars to spur economic recovery. The Agency of Commerce has asked for a $6 million appropriation to fund the popular new and remote worker incentive program with only $1 million of that being base funding. Additionally, they have asked for $8.4 million of one-time funding to create a targeted effort at recruiting new Vermonters for specific operations. Some of these funds would also be granted to regional organizations like chambers and regional development organizations to formalize the referral network and help people find jobs, housing, and community.
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