The Vermont Senate has passed a bill which would use $8.6 million in federal economic stimulus money to help create more than 1000 new jobs around the state. The bill, which was drafted by the Senate Economic Development committee, will put $3 million dollars towards expanding high speed broadband internet service in rural areas of the state. $1 million will be used to provide equity capital to Vermont businesses, and an additional $1 million will help dairy farmers to refinance loans and consolidate debt. It also allocates $1 million for employment training programs. Another $800,000 will provide no interest loans to Addison County businesses that were affected by the closing of the Champlain Bridge. The bill still needs to be approved by the House.
(Source: Vermont Public Radio)
Vermont Senate passes $8.6 million economic stimulus package
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