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Officials urge making VEGI permanent, citing program accountability and growth
Summary
PEPC staff urged repeal of the VEGI sunset and highlighted program oversight, claimed lifecycle impacts (2007–2023) including $1.2 billion in new capital investment and more than 10,000 jobs; committee debated permanence versus statutory sunsets and asked for further review of enhanced incentives.
At the Feb. 4 committee meeting, PEPC/VEGI staff described the Vermont Employment Growth Incentive (VEGI) program and urged legislators to repeal its statutory sunset. The presenter summarized the program’s application and verification process: businesses submit five-year job and payroll projections, PEPC reviews applications, and the Vermont Department of Taxes verifies payroll outcomes before incentive payments are…
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