For Immediate Release
Monday, May 21, 2018
Brett Long, Deputy Commissioner of the Dept. of Economic Development
Vermont Agency of Commerce and Community Development
(802) 461-9353; email@example.com
DEPARTMENT OF DEFENSE OFFICE OF ECONOMIC ADJUSTMENT GRANT OF $1.5M AWARDED TO NEW ENGLAND STATES FOR REGIONAL DEFENSE INDUSTRY COLLABORATION
Montpelier, Vt. – The states of Vermont, Connecticut, Maine, Massachusetts, New Hampshire and Rhode Island have received a joint grant of $1.5 million from the U.S. Department of Defense’s Office of Economic Adjustment (OEA) to create an organization called the New England Regional Defense Industry Collaboration.
Over the next eighteen months, these funds will be used by the organization to coordinate the growth of defense-related businesses across the six-state New England region. The primary goals of the organization will be to aid small and medium-sized businesses in meeting new cybersecurity requirements for businesses participating in the defense industry supply chain, as well as to create a trusted supplier network that will make it easier for large defense contractors to locate smaller suppliers that are able to meet their production, certification and process requirements.
“The New England region contains an important concentration of defense industry suppliers. And because of our geographical presence and history, our region is also uniquely positioned to form a working collaborative to significantly improve cross-border cooperation and assistance for the defense industry,” said Vermont Governor Phil Scott. “Vermont is honored to have been appointed to manage this project, and we look forward to working through this collaboration to benefit Vermont and New England’s supply chain industries.”
In a joint statement, Rep. Peter Welch (D-VT) and Sen. Patrick Leahy (D-VT) said, “Vermont is taking a leading role in expanding access to the robust supply chain opportunities throughout New England. This grant will allow Vermont’s many small and medium-sized defense-related businesses to coordinate growth with similar supply chain businesses throughout New England, leading to larger government contracts and greater economic opportunity for Vermonters.”
The efforts to pursue funding to create a region-wide defense assistance organization have been led by a steering committee that includes representative defense businesses with operations in the region as well as state economic development leaders.
For more information on the New England Regional Defense Industry Collaboration, please contact Brett Long (Deputy Commissioner of the Dept. of Economic Development at the Vermont Agency of Commerce and Community Development) at (802) 461-9353 or firstname.lastname@example.org.
About the Office of Economic Adjustment: The U.S. Department of Defense (DOD)’s Office of Economic Adjustment (OEA) provides grant assistance to state and local governments, and instrumentalities of local governments, as they respond to a defense industry action, such as base closure or realignment, changes in defense contracting, or as they address land use compatibility with the military. Their mission is to support and build relationships with communities impacted by defense program changes by focusing on developing community adjustment strategies. These relationships will elevate the technological knowledge and sophistication of defense-related small and medium-sized manufacturers (SMMs), improving their competitiveness, ability to innovate, and overall value to the DOD.
To learn more about OEA grants, please visit http://www.oea.gov/grants.