Economic Development
In Fiscal Year 2010, the Vermont legislature allocated $4.1 million out of a total $8.5 million in ARRA discretionary funds for the purposes of economic development. The breakdown of this allocation by program is provided below.
- $2.15 million will go to VEDA to set up a venture capital fund to help early stage Vermont businesses.
- $1 million will go to VEDA for a Vermont Jobs Fund to help otherwise healthy businesses weather tight credit conditions caused by the recession.
- $200, 000 will go to the department of economic development for operation of the Vermont Training Program.
- $500,000 will go to the Department of Tourism and Marketing.
- $100,000 will go to the Vermont Sustainable Jobs Funds for the Farm-to-Plate Investment program.
- $150,000 will go the Vermont Sustainable Jobs Funds for operation of the funds.
