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VT S0122

Bill

Status

Passed

6/13/2025

Primary Sponsor

Economic Development, Housing and General Affairs

Click for details

Origin

Senate

2025-2026 Session

AI Summary

  • $200,000 allocated in FY2026 to the Vermont Professionals of Color Network for workforce and business development services to BIPOC business communities, including technical assistance, resource navigation, and networking support

  • $150,000 allocated in FY2026 to the Vermont Small Business Development Center for business advising and educational workshops, plus $150,000 to the International Business Office for trade initiatives

  • Convention Center and Performance Venue Task Force created with seven members to study feasibility, with interim report due November 1, 2025 and final report due November 1, 2026; task force expires December 1, 2026

  • Vermont-Ireland Trade Commission established within the State Treasurer's office with seven members to advance bilateral trade and investment; commission may raise private funds and must report annually, with sunset date of June 30, 2030

  • Workforce leadership restructured to make both the Commissioner of Labor and the Executive Director of the Office of Workforce Strategy and Development co-leaders of the state's workforce system, with updated duties including biennial comprehensive workforce reports

Legislative Description

An act relating to economic and workforce development

Last Action

Senate Message: Signed by Governor June 12, 2025

6/13/2025

Committee Referrals

Appropriations5/23/2025
Ways and Means5/23/2025
Commerce and Economic Development3/28/2025
Appropriations3/19/2025
Finance3/18/2025

Full Bill Text

No bill text available