State of Vermont
Abstract
The State of Vermont is seeking assistance to support the growth of its existing business community through diversification efforts associated with companies’ reliance on the defense sector. As a small state, we must pursue opportunities that enhance our economy. While we are fortunate to be home to a significant number of companies that provide products/services to the defense sector, we need to ensure that their success continues beyond this particular customer base. In order to accomplish this, we will be organizing a formal program that will ensure oversight of this effort and, specifically, will allow the Agency of Commerce to clearly analyze the needs and opportunities and provide new programs for diversification. New educational opportunities will include assistance with exporting/finding international partners, delivering targeted assistance for those interested in tackling the domestic commercial market and more. A formal approach to promotion of diversification will ensure that our existing business community can nimbly adapt to an ever-changing economy – whether the result of sequestration; defense cuts or other measures that negatively impact our business community. Additionally, Vermont is home to several HUBZones which provide increased opportunity for defense-reliant companies. Located in our most rural parts of Vermont, preserving these jobs are of paramount importance.
Document Details
- Document Type
- DoD Grant Award
- Publication Date
- May 06, 2016
- Source ID
- HQ00051510055
Entities
People
- Joan Goldstein
Organizations
- Office of Local Defense Community Cooperation
- Office of the Secretary of Defense
- Vermont Agency of Commerce and Community Development