Vermont Economic Development Authority amendments to enhance economic development and job creation.

This bill amends the Vermont Economic Development Authority to enhance economic development and job creation. It establishes the Vermont Disaster Recovery Loan Fund to provide financial assistance to businesses and agricultural enterprises after disasters. The bill also authorizes the Authority to develop and implement financing programs, including mortgage insurance and direct mortgage loans, to support eligible projects. It sets criteria for project eligibility, including job creation potential and compliance with local and state regulations.

Vermont Economic Development Authority amendments to enhance economic development and job creation.

This bill amends the Vermont Economic Development Authority to enhance economic development and job creation. It establishes the Vermont Disaster Recovery Loan Fund to provide financial assistance to businesses and agricultural enterprises after disasters. The bill also authorizes the Authority to develop and implement financing programs, including mortgage insurance and direct mortgage loans, to support eligible projects. It sets criteria for project eligibility, including job creation potential and compliance with local and state regulations.