Economic Development Bill Approved

S.135 has been passed by the legislature and will be sent to the Governor for signature. The legislation includes:

  • Removes Act 250 from certain Priority Housing Projects
  • Allows Rural Economic Development Infrastructure Districts
  • Establishes Green Mountain Secure Retirement Plan for employees at businesses not offering retirement plans
  • Workforce Development to assess Vermont’s current workforce education and training activities, workforce development strategies, and resource allocations
  • Establishes Minimum Wage and Benefits Cliff Study
  • Increases Downtown Tax Credits
  • Expands Tax Increment Financing Districts

 
Summary of S.135

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