The bill S.327 aims to enhance Vermont's economic development by providing support to businesses of all sizes and stages, particularly focusing on revitalizing downtowns and village centers. It mandates the Commissioner of Economic Development to create an inventory of resources available to businesses, study the feasibility of establishing a new culinary institute, and explore solutions to better connect the economies of Vermont and New York. The bill includes a requirement for the Commissioner to report findings and recommendations regarding business resources and growth by December 15, 2026, and for the Office of Workforce Strategy and Development to report on the culinary institute by December 1, 2026.

Additionally, the bill addresses the need for improved transportation connections between Vermont and New York, tasking the Vermont Association of Planning and Development Agencies with studying potential solutions, including road and rail improvements. The bill repeals the authority of the Vermont Economic Progress Council to approve applications for the Vermont Employment Growth Incentive after January 1, 2027. The act is set to take effect on July 1, 2026.

Statutes affected:
As Introduced: 32-151, 32-11J, 32-105
As Passed By the Senate -- Official: 32-151, 32-11J, 32-105