§ 691. Title
§ 691. Title This subchapter may be cited as the “Vermont Job Development Zone Act.” (Added 1985, No. 172 (Adj. Sess.), § 1.)
§ 692. Policy and purpose
§ 692. Policy and purpose Recognizing that some communities in Vermont have failed to benefit from general economic progress and that innovative and intensive approaches to economic development should be tried and developed in up to three communities, this subchapter provides for the designation of up to three job development zones and for special economic […]
§ 693. Definitions
§ 693. Definitions As used in this subchapter: (1) “Municipality” means a town or city. It also means an incorporated village the charter of which enables it to function as a general purpose unit of local government. (2) “Agency” means the Vermont Agency of Commerce and Community Development. (3) “Secretary” means the Secretary of the […]
§ 694. Eligibility; application procedure
§ 694. Eligibility; application procedure (a) A municipality shall be eligible to apply for job development zone status if it has a population of at least 2,000 and meets two of the following three criteria: (1) it has a per capita income at least ten percent lower than the statewide per capita income; (2) it […]
§ 695. Authority to make rules
§ 695. Authority to make rules The Secretary is hereby granted the authority to issue rules in accordance with 3 V.S.A. chapter 25 for the purpose of administering the provisions of this subchapter. (Added 1985, No. 172 (Adj. Sess.), § 1.)
§ 696. Reporting and expiration
§ 696. Reporting and expiration (a) Designation as job development zone under this subchapter will apply until December 31, 1992. (b) Prior to January 15 of each year, the Secretary of Commerce and Community Development shall submit a report on job development zone activities for the preceding year to the Governor and General Assembly. Prior […]
§ 697. Incentives and initiatives
§ 697. Incentives and initiatives The following incentives and initiatives shall be available to new or expanding business entities located within the job development zones: (1) [Repealed.] (2) Preferential consideration from the Vermont Economic Development Authority as set forth in sections 233, 253, and 263 of this title. (3) Targeted assistance under the Job Training […]
§ 698. Infrastructure improvement program
§ 698. Infrastructure improvement program (a) A municipality that is within a designated job development zone shall be eligible to receive a payment each year from the Agency of Commerce and Community Development to reimburse annual interest costs on indebtedness for economic development related infrastructure projects approved after July 1, 1986. Annual reimbursement payments shall […]