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Senator Harrison proposes enhanced VEGI incentive for employee‑owned, member‑owned firms
Summary
Sen. Wendy Harrison introduced S.88 to add an enhanced Vermont Employment Growth Incentive (VEGI) category for employee‑ and member‑owned businesses, arguing these firms pay better wages, stay in Vermont and merit targeted support; committee staff will clarify statutory definitions and how many firms qualify.
Sen. Wendy Harrison (Windham district) introduced S.88, a bill to add an enhanced incentive under the Vermont Employment Growth Incentive (VEGI) program for employee‑ and member‑owned businesses, including worker cooperatives and employee stock ownership plans (ESOPs). Harrison said the proposal aims to reward businesses that are rooted in the state, tend to pay higher wages and offer strong benefits.
"They typically have good benefits. They're rooted in the community," Harrison said, urging the committee to consider employee ownership as a public‑policy priority. She suggested the committee hear from Chroma (a…
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