The bill H.451, introduced by Representative Burrows of West Windsor, seeks to advance racial and economic justice in Vermont by establishing a framework for equitable economic development. It recognizes the historical impacts of structural racism on wealth disparities and cultural disempowerment, particularly affecting Black, Indigenous, and other persons of color (BIPOC). The bill introduces five guiding principles for economic development, emphasizing the need to address historical economic exploitation and exclusion based on race and ethnicity. It mandates that all state-sponsored economic development programs adhere to these principles and calls for a process of truth and reconciliation to heal the wounds of colonization and slavery.

To support these initiatives, the bill creates the Vermont Department of Cultural Empowerment and Economic Advancement, which will manage a $10 million grant fund for organizations led by BIPOC. It also establishes the BIPOC Business Development Program and the BIPOC Business Procurement Program to enhance BIPOC participation in business and government contracts. Furthermore, the bill requires state agencies to implement policies that promote career advancement for BIPOC employees and to develop continuing education and apprenticeship programs for BIPOC communities. The act is scheduled to take effect on July 1, 2025.

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