Vermont economic development news and events

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Vermont economic development news and events

Wed, 06/12/2019 - 10:30am -- Brandon

Joan Goldstein Greetings from Montpelier,

As the legislature just closed its 2019 session last week, we want to thank the members of the legislature and the administration for all of the collective effort with ongoing presentations, discussions, and deliberations that are entailed thereof. Department of Economic Development is pleased to be busily preparing for the new worker incentive program which was part of the workforce bill H533. In the new program, which will commence in January of 2020, individuals who move to Vermont to work for a Vermont based employer can receive up to $7500 to assist them with the relocation. We are eager to begin this work as talent attraction remains the most urgent issue facing the state and we want to assist employers so they can continue to grow and prosper in the great state of Vermont!

I need to give a shout out to members of DED team: Kristen Ziter and Shelley Pembroke - who are processing the remote worker applications and have done an outstanding job! 

The session also culminated with FY2020 investments in broadband, childcare, and carer & technical education.

More items worthy of note from the past month:

We recently celebrated in the ribbon cutting ceremony at Vermont Systems, a software development company specializing in recreation management software for municipalities across the US. Based in Essex Junction, the company recently completed its 10th building expansion since its founding in 1985. With over 1,000 customers, including the US Armed Forces, Vermont Systems has brought its staff to over 100 people and expects to continue its growth. Vermont Systems has also received a Vermont Training Program grant to aid in training their current and new workers.

The DED team recently attended The National Restaurant Association Show in Chicago to support five Vermont businesses including; Mad River Distillery, Wild Hart Distillery, Old Route Two Spirits, 14th Star Brewing, and Sugar Bob’s Finest Kind. The annual National Restaurant Association Show is one of the largest gatherings to explore everything that's happening in the industry. The participating Vermont businesses were able to network and participate in education sessions. Please let us know if there are trade shows that are or would be helpful for you to attend. There may be SBA funding to assist.
Tim Tierney, Director of International Trade attended the U.S. China Governors Collaboration Summit held in Lexington, Kentucky. The forum alternates between the two countries, allowing U.S. and Chinese leaders to exchange views and strengthen relationships. Tim was able to discuss trade opportunities and best practices in the areas of manufacturing, innovation, education, and e-commerce with Chinese representation from outer provinces and small cities.

We encourage your comments and feedback. Economic Development is a team event and we endeavor to serve across the broad swath of businesses in Vermont. View the full list of our programs.
Until next time,

Joan Goldstein

Commissioner, Department of Economic Development