Bill > H0257

This bill creates the Office of Entrepreneurship within the Agency of Commerce and Community Development to support and promote entrepreneurship in Vermont. The office will have four primary responsibilities: strengthening policies and programs for entrepreneurs across different demographics and geographic areas, collaborating with stakeholder organizations to enhance entrepreneurial skills and resources, serving as a central point of contact for new businesses interacting with state agencies, and encouraging the allocation of at least 5% of state contracts to businesses operating for five years or less that are based in Vermont. Starting March 1, 2027, the office will be required to submit an annual report to the General Assembly detailing the number and value of state contracts awarded to new businesses, breaking down the data by demographics, geographic areas, and ownership type, and providing recommendations for improving entrepreneurship support and contract access. The bill is set to take effect on July 1, 2025, signaling a commitment to fostering a more supportive environment for emerging businesses in the state.

Business and Industry

https://legislature.vermont.gov/bill/status/2026/H.257