§ 10. Vermont State Treasurer; credit facility for local investments (a) Notwithstanding any provision of 32 V.S.A. § 433(a) to the contrary, the Vermont State Treasurer shall have the authority to establish a credit facility of up to 10 percent of the State’s average cash balance on terms acceptable to the Treasurer and consistent with […]
§ 11. Treasurer’s Local Investment Advisory Committee (a) Creation of committee. The Treasurer’s Local Investment Advisory Committee is established to advise the Treasurer on funding priorities and address other mechanisms to increase local investment. (b) Membership. (1) The Advisory Committee shall be composed of six members as follows: (A) the State Treasurer or designee; (B) […]
§ 20. EB-5 Program; regulation; oversight (a) The U.S. Department of Homeland Security’s U.S. Citizenship and Immigrations Services (USCIS) administers the EB-5 Program, a federal program designed to stimulate the U.S. economy through job creation and capital investment by foreign investors. The Vermont EB-5 Regional Center is a USCIS-designated regional center. The Center is managed […]
§ 21. EB-5 Special Fund (a) An EB-5 Special Fund is created to support the operating costs of the Vermont Regional Center for Immigrant Investment under the federal EB-5 Program. The Fund shall consist of revenues derived from administrative charges by the Agency of Commerce and Community Development pursuant to subsection (c) of this section, […]
§ 3. Economic development; principles; review and assessment (a) For purposes of the Vermont Statutes Annotated and State economic development programs and assistance, “economic development” means the process of generating economic wealth and vitality, security, and opportunity for all Vermonters. (b) There are established the following four interrelated principles for future economic development in Vermont: […]
§ 4. New relocating employee incentives (a) The Agency of Commerce and Community Development shall design and implement a program to award incentive grants to relocating employees as provided in this section and subject to the policies and procedures the Agency adopts to implement the program. (b) A relocating employee may be eligible for a […]
§ 7. Economic development; assistance and incentives benchmark reports (a) For purposes of this section, “economic development assistance recipient” means any business entity, including a for-profit corporation, a nonprofit corporation, a partnership, or a sole proprietorship that receives economic development assistance from State funds administered by a governmental agency, from State funds administered by a […]
§ 8. Southern Vermont Economic Development Zone There is created the Southern Vermont Economic Development Zone, comprising the geographic areas served by the Brattleboro Development Credit Corporation and the Bennington County Industrial Corporation. (Added 2015, No. 51, § F.3, eff. June 3, 2015.)
§ 9. Investment in Vermont Community Loan Fund Notwithstanding any provision of 32 V.S.A. § 433(a) to the contrary, the State Treasurer is authorized to invest up to $2,000,000.00 of short-term operating or restricted funds in the Vermont Community Loan Fund on terms acceptable to the Treasurer and consistent with prudent investment principles and guidelines […]
