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Senate Economic Development bill targets small businesses, downtown tax credit and a Vermont–Ireland trade commission
Summary
Sen. Allison Clarkson outlined S.122 to the Appropriations Committee, a bill that bundles investments in downtown revitalization, small-business supports, arts funding, trade outreach and studies for a convention center and a Vermont–Ireland trade commission.
Sen. Allison Clarkson, chair of the Senate Economic Development, Housing and General Affairs Committee, briefed the Senate Appropriations Committee on S.122 on March 20 and described the bill as “investing in what works.”
Clarkson said the package focuses on expanding support for small businesses, increasing the cap on the Vermont Downtown and Village Center Tax Credit program from $3 million to $5 million and directing roughly $3.9 million in appropriations for programs that, she said, have strong returns on investment. ‘‘This is one of our most successful programs … leveraging…
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