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Lawmakers hear plea to boost SBDC base funding to secure federal match
Summary
Members of the Vermont House Committee on Commerce and Economic Development heard testimony May 7 urging a $300,000 base increase for the Vermont Small Business Development Center so the SBDC can meet a federally required 1-to-1 nonfederal match and accept full federal grant funds.
Members of the Vermont House Committee on Commerce and Economic Development heard testimony May 7 urging lawmakers to prioritize base funding for the Vermont Small Business Development Center so the SBDC can meet a federally required 1-to-1 nonfederal match and accept full federal grant funds.
The request centers on a $300,000 increase proposed in S.122. "The increase in S.122 of $300,000 for the Vermont SBDC will allow us to accept the full federal funds. It'll allow us to avoid cutting staff, and it'll allow us to serve our small businesses so they have the greatest chance of survival at this crucial time," Linda Rossi, state director of the Vermont Small Business Development Center, told the committee.
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