The bill H.451, introduced by Representative Burrows of West Windsor, seeks to advance racial and economic justice in Vermont by emphasizing equal opportunity and access to economic and cultural empowerment. It recognizes the historical context of structural racism and its effects on wealth disparities among Black, Indigenous, and other persons of color (BIPOC). The bill outlines a commitment to a just transition towards an economic system that actively addresses systemic racism and creates equitable opportunities for historically marginalized communities. Key provisions include the establishment of five guiding principles for economic development, which now explicitly address the historical impacts of economic exploitation and exclusion based on race and ethnicity.

To support these initiatives, the bill amends existing laws to enhance economic development efforts, increasing the guiding principles from four to five and establishing the Vermont Department of Cultural Empowerment and Economic Advancement. This new department will oversee a $10 million grant fund for organizations led by BIPOC and implement programs focused on cultural empowerment, business support, and wealth development. Additionally, the bill mandates the creation of the BIPOC Business Development and Procurement Programs to ensure BIPOC participation in business development and state contracts. It also requires state agencies to adopt policies promoting career advancement for BIPOC employees and establishes continuing education and apprenticeship programs for BIPOC communities, with the act set to take effect on July 1, 2025.

Statutes affected:
As Introduced: 3-3902, 3-2222