Legislature Takes Testimony on Vermont Chamber's Proposal to Manage Vermont's World Trade Office

-A A +A

Legislature Takes Testimony on Vermont Chamber's Proposal to Manage Vermont's World Trade Office

Thu, 02/19/2004 - 8:00pm -- tim

Discussions are underway in the Senate General Affairs Committee to direct the Vermont World Trade Office to be managed under the Vermont Chamber's existing international trade program, in conjunction with Champlain College, the U. S Department of Commerce and the Agency of Commerce and Community Development. These partners collectively will strategically collaborate to encourage international trade on behalf of Vermont businesses. Funding would come through a memorandum of understanding and initially would be a $100,000 grant.
While this is a significantly different model than the current World Trade Office, this new business entity will be driven by the concerns of the business community while having capital knowledge input from the educational community as well as state and federal government.
The World Trade Office budget was also comprised of significant federal funds, which have not been renewed. On Thursday Governor Jim Douglas stated "I think this public-private partnership is appropriate given that some significant federal grant support for the office is expiring," Douglas said. "And since those grants are not likely to renewed, a partnership makes sense." Agency of Commerce Secretary Kevin Dorn is working closely with the Vermont Chamber as the effort to continue to support Vermont businesses with world trade opportunities continues to unfold in the legislature