The bill H.257 proposes the establishment of the Office of Entrepreneurship within the Agency of Commerce and Community Development in Vermont. This new office aims to support entrepreneurs by developing policies and programs that address their needs. Key responsibilities include strengthening entrepreneurship policies across various demographics and regions, collaborating with stakeholders to enhance resources and technical support for entrepreneurs, assisting businesses in operation for five years or less in navigating state agencies, and promoting the allocation of at least five percent of state contracts to these newer businesses.

Additionally, the Office of Entrepreneurship is required to submit an annual report to the General Assembly starting March 1, 2027, detailing the number and dollar amount of state contracts awarded to businesses in operation for five years or less, along with demographic breakdowns and recommendations for improving access to state contracts. The bill also specifies that it will take effect on July 1, 2025.