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Economic development briefing highlights Canada ties, STEP grant risk and semiconductor recruitment
Summary
Department official outlined Canada‑focused recruitment, reliance on a Quebec in‑market representative, uncertainty around a federal STEP grant (~$4 million/year) after federal disruptions, and plans for a regional semiconductor corridor and global outreach to build manufacturing capacity in Vermont.
Tim Feony, introduced as director of business recruitment and international trade in the Department of Economic Development, briefed the committee on Vermont’s international recruitment and export support efforts, with an emphasis on Canada and a regional semiconductor strategy.
Feony told senators the department maintains an in‑market representative in Quebec that generates leads and supports visits; the contract for that representative expires in October and the department anticipates requesting funds to…
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