Vermont Sustainable Jobs Fund seeks $3M for Working Lands Enterprise Fund investment

In a recent meeting of the Vermont Senate Agriculture Committee, discussions centered on the critical need for increased funding for the Working Lands Enterprise Fund (WLEF), which supports the state's agricultural and forestry sectors. Ellen Kaler, executive director of the Vermont Sustainable Jobs Fund and a member of the Working Lands Coalition, emphasized the importance of this funding for the sustainability and growth of Vermont's rural economy.

The coalition is advocating for a significant increase in the fund's budget from the governor's recommended $1 million to $3 million. This request follows a history of previous funding levels, which have seen the WLEF at $3 million in the past, particularly during the 2024 fiscal year when additional federal funds were available. Kaler highlighted that the current budget proposals from various committees reflect a mix of support, with the House Agriculture Committee proposing an increase of $2 million and the House Commerce Committee suggesting an additional $1.5 million. However, the House Appropriations Committee has maintained the governor's base funding level.

Kaler pointed out that the WLEF has been instrumental in distributing over $1.3 million in state funding since its inception in 2012, which has leveraged nearly $31 million in private investment. This funding is crucial for businesses with low profit margins, as it provides the equity necessary for securing loans and enables them to expand and innovate. The grants from the WLEF not only support individual businesses but also contribute to the overall health of Vermont's food system and forest products industry.

The meeting also addressed the broader economic context, particularly in light of recent tariffs that could impact imports. Kaler noted that this situation presents an opportunity for Vermont's businesses to pivot and meet local needs more effectively. The WLEF supports this transition by funding technical assistance for businesses to explore new markets and develop strategies for growth.

In conclusion, the discussions at the Senate Agriculture Committee meeting underscored the vital role of the Working Lands Enterprise Fund in fostering economic development in Vermont's rural areas. The coalition's request for increased funding reflects a commitment to strengthening the state's agricultural and forestry sectors, ensuring they can adapt to changing market conditions and continue to thrive. As the budget discussions progress, the outcome will significantly impact the future of Vermont's working lands and the communities that depend on them.