The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 24 V.S.A. § 2787)
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§ 2787. Economic development strategy; deference to regional plans; CEDS
In the event a major employer in an economic region announces a closure, relocation,
or other significant action that will impact directly and indirectly jobs or wages
in the region, and a regional planning commission has adopted a regional plan pursuant
to section 4348 of this title or a Comprehensive Economic Development Strategy (CEDS) approved by the U.S. Economic
Development Administration, or both, and the plan or CEDS, or both, includes mitigation
strategies to address substantial local and regional economic and fiscal challenges
related to that employer, including closure, relocation, or reduction in workforce,
then:
(1) the Executive Branch shall defer to the regional plan and CEDS when using or distributing
funds or other resources meant to mitigate anticipated local and regional economic
and fiscal challenges, or shall provide the regional planning commission for the region
with its basis for not deferring to the plan and the CEDS; and
(2) the Executive Branch shall involve the regional planning commission and regional development
corporation for the region in decisions regarding the use or distribution of those
funds or resources. (Added 2015, No. 51, § F.1, eff. June 3, 2015.)