Bill > S0122

This bill encompasses several key provisions aimed at supporting economic and workforce development in Vermont. First, it allocates $200,000 to the Vermont Professionals of Color Network to provide business development services for BIPOC (Black, Indigenous, and People of Color) businesses and $150,000 to the Vermont Small Business Development Center to support entrepreneurial advising and educational workshops. The bill also provides $150,000 to the International Business Office to continue its initiatives. A significant component is the creation of a Convention Center and Performance Venue Task Force, composed of representatives from various state and business organizations, charged with studying the feasibility of constructing such facilities in Vermont, including assessing economic impact, infrastructure needs, and funding options. Additionally, the bill establishes a Vermont-Ireland Trade Commission to advance bilateral trade and investment between Vermont and Ireland, with seven members appointed by various authorities, tasked with promoting business and academic exchanges, and required to submit annual reports. The bill also modifies workforce education and employment responsibilities, clarifying the roles of the Commissioner of Labor and the Executive Director of the Office of Workforce Strategy and Development in coordinating workforce development programs, collecting data, and developing comprehensive workforce strategies. The provisions will be implemented in stages, with different sections taking effect on passage, July 1, 2025, and July 1, 2026.

Budget and Finance, Business and Industry

Economic Development, Housing and General Affairs (S)

https://legislature.vermont.gov/bill/status/2026/S.122