Technology (Small Business)

H 332 creates Vermont's Small Business Technical Assistance Exchange, providing grants and professional support to eligible small and mid-sized Vermont businesses. The program offers up to $5,000 per business for services like business operations, digital strategy, manufacturing upgrades, and legal consulting, administered by regional development corporations. To qualify, businesses must be for-profit, Vermont-based, with at least $5,000 annual revenue, and higher-income owners must provide a 50% match. The Exchange prioritizes outreach to rural businesses and historically marginalized groups, including Black, Indigenous, and People of Color Vermonters, New Americans, and others. Annual reports on program performance are required, with funding of $1.25 million appropriated for fiscal year 2026.