State Multimedia Center

State Multimedia Center

Governor Douglas to Vermonters on SmartVermont Plan

Office of the Governor

Governor Douglas on March 26th, 2009 announced a bold new economic plan to build SmartVermont - by laying the foundation for a 21st century economy. The proposals will invest $17.1 million in American Recovery and Reinvestment Act (ARRA) State Fiscal Stabilization Funds (SFSF) to leverage nearly $160 million in direct support to new and exciting companies looking to grow and expand in the Green Mountain State as well as much needed support for existing Vermont employers. Initiatives will be largely administered by the Vermont Economic Development Authority (VEDA) which leverages private capital to maximize opportunities and investment in our struggling economy. The Governor's plan also calls for additional investment in our tourism economy as well as much needed support for agriculture.

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