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Vermont seeks $350,000 in permanent funding to expand in‑market international business outreach
Summary
Agency of Commerce and Community Development asked the House Commerce & Economic Development Committee to add $350,000 in base funding to sustain and expand in‑market representation that helped bring multiple Canadian companies to Vermont and generate business leads in Europe and Asia.
Lindsay Curley, secretary of the Agency of Commerce and Community Development, and Joan Goldstein, commissioner of the Department of Economic Development, told the House Committee on Commerce and Economic Development on Feb. 20 that they are seeking a $350,000 increase in base funding to expand international business development work.
The request would institutionalize in‑market representation and outreach that the state has financed with one‑time money in recent years, Goldstein said. “Our first budget request is an increase in base funding of $350,000 for international business development,” she told the committee.
Why it matters: Committee members heard that the state’s short, project‑by‑project approach limits the agency’s ability to convert cold leads into actual expansions. Goldstein said Vermont’s recent Canadian in‑market representative produced hundreds…
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