The Agency of Commerce and Community Development (ACCD), in consultation with the Department of Forests, Parks and Recreation, has been tasked by the legislature to write a report on the economic impacts that could result should the Ryegate power plant close, and contingency options to mitigate those impacts.
On May 21, 2018, Governor Phil Scott signed H.378 (Act 137) into law. The Act creates an Artificial Intelligence (AI) Task Force to assess: the development and use of AI Technology; whether and how to use AI in State government; and whether state regulation should be considered.
Attracting new businesses and expanding Vermont’s workforce — that’s always been an objective of the Agency of Commerce and Community Development. In an effort to best accomplish these goals, DED has been implementing a new Economic Development Marketing Plan, a strategic document that outlines specific marketing tactics to generate economic growth. One of the core components of the strategy is the recently redesigned ThinkVermont.com website that serves as a hub for inspiring stories, encouraging statistics and lots of links to useful information for potential residents, existing Vermont businesses, and businesses looking to relocate or expand into Vermont.
Vermont has four regions that have completed a Comprehensive Economic Development Strategy or “CEDS”. In each case the CEDS was the result of stakeholder involvement and support from the United States Economic Development Administration. These regional CEDS provide a framework for new development in each part of the State.