Economic Development Bill signed - NEWS10 ABC: Albany, New York News, Weather, Sports

Economic Development Bill signed

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WINOOSKI, Vt.—A legislation providing support for expansion and retention to high tech companies that offer good wages and a bright future in Vermont was signed by Governor Peter Shumlin Tuesday.

The law created the Vermont Strong Scholars Program to help families afford college education for their children.

“We have the second lowest unemployment rate in America, and we’ve created nearly 11,000 jobs since 2011,” said Gov. Shumlin.

The law signed Tuesday adds $500,000 in State General Funds to VEDA’s Vermont Entrepreneurial Lending Program.

In addition, under the Vermont Strong Scholars Program, students who go to college in Vermont and agree to work in the state after they graduate can now receive their final year of college for free.

“Our unemployment rate is the second lowest in the country, but we’ve got to keep fighting to bring good jobs to Vermont, while helping our employers thrive and expand,” said Gov. Shumlin.

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