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Committee discusses H.398 updates to VEDA law, sustainable jobs strategy and disaster revolving fund
Summary
Committee members reviewed H.398, a statutory update for the Vermont Economic Development Authority that adds a sustainable jobs strategy to statute and creates a disaster revolving fund to support business and agricultural recovery; members asked for additional review from stakeholders before final action.
The committee discussed H.398 on April 8, considering revisions to statutes that govern the Vermont Economic Development Authority (VEDA) and related programs.
Committee discussion focused on two substantive elements identified by staff: (1) placing a “sustainable jobs strategy” in statute, and (2) creating a disaster revolving fund to support businesses and agricultural enterprises after disasters. Members noted the sustainable jobs strategy language echoes an older “jobs strategy” that has existed on letterhead for many years and…
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