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Regional development and small‑business groups urge clarity on RIDDUP and state match funding
Summary
Regional development leaders praised RIDDUP for de‑risking brownfield buys and creating jobs; the Vermont SBDC warned that level funding would prevent it from drawing down federal dollars and detailed match shortfalls the committee may need to address.
Officials and program directors told the House Commerce & Economic Development Committee on April 8 that two separate pieces of S.3.27 language will affect regional industrial development and small-business advising.
Adam Groll, executive director of the Bradenborough Development Credit Corporation, described two RIDDUP projects in his region that used program awards to make brownfield acquisitions viable. He said the program’s award structure "derisked" projects that the RDC otherwise could not have taken on and credited the program with enabling private investment and hires.
"But fo…
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