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H 257 creates Vermont's Office of Entrepreneurship within the Agency of Commerce and Community Development to support new businesses. The office will help businesses operating under five years navigate state agencies, encourage at least 5% of state contracts to go to such businesses (including those owned by women, minorities, or veterans), and track contract awards by demographic and geographic groups. It requires annual reports starting in 2027 detailing contract data, progress toward goals, and recommendations for improving entrepreneurship access. The bill takes effect July 1, 2025.
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Small Business