Vt. Stat. Ann. tit. 32, § 3330
Purpose; form of incentives; enhanced incentives; eligible applicant
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
(1) Purpose. The purpose of the Vermont Employment Growth Incentive Program is to generate net new revenue to the State by encouraging a business to add new payroll, create new jobs, and make new capital investments and sharing a portion of the revenue with the business.
(1) Purpose. The purpose of the Vermont Employment Growth Incentive Program is to generate net new revenue to the State by encouraging a business to add new payroll, create new jobs, and make new capital investments and sharing a portion of the revenue with the business.
(2) Form of incentives; enhanced incentives. The Vermont Economic Progress Council may approve an incentive under this subchapter in the form of a direct cash payment in annual installments.
(2) Form of incentives; enhanced incentives. The Vermont Economic Progress Council may approve an incentive under this subchapter in the form of a direct cash payment in annual installments.
(3) The Council may approve the following enhanced incentives: an enhanced incentive for a business in a labor market area with higher than average unemployment or lower than average wages pursuant to section 3334 of this title;
(3) The Council may approve the following enhanced incentives: an enhanced incentive for a business in a labor market area with higher than average unemployment or lower than average wages pursuant to section 3334 of this title;
(4) an enhanced incentive for an environmental technology business pursuant to section 3335 of this title; and
(4) an enhanced incentive for an environmental technology business pursuant to section 3335 of this title; and
(5) an enhanced incentive for a business that participates in a State workforce training program pursuant to section 3336 of this title.
(5) an enhanced incentive for a business that participates in a State workforce training program pursuant to section 3336 of this title.
(6) Eligible applicant. Only a business may apply for an incentive pursuant to this subchapter. Added 2015, No. 157 (Adj. Sess.), § H.1, eff. Jan. 1, 2017.
(6) Eligible applicant. Only a business may apply for an incentive pursuant to this subchapter.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.