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Peter Shumlin on Corporations

 

 


Getting credit to entrepreneurs when they need it grows jobs

A year ago at this podium, [after Tropical Storm Irene], I pledged the following: My jobs agenda will expand the ability of emerging entrepreneurs and businesses to get access to capital when they need it most.

Partnering with the Vermont Economic Development Authority, we created an emergency low interest loan program that got credit of up to $100,000 to crippled job creators within days. More than 340 businesses and farms were granted loans, totaling $15.3 million. With liquidity, Vermont ingenuity and hard work, miracle after miracle happened as business after business reopened.

The lesson for Vermont government in helping to grow jobs in Vermont is simple: Getting credit to entrepreneurs when they need it most grows prosperity and grows jobs. In fact, there is nothing standing in the way of Vermont's job creators that cannot be made right by a partnership with state government and expedited risk credit for businesses when others won't lend.

Source: Vermont 2012 State of the State Address , Jan 5, 2012

Other governors on Corporations: Peter Shumlin on other issues:
VT Gubernatorial:
Matt Dunne
Phil Scott
Shap Smith
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Bernie Sanders

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Page last updated: Feb 20, 2017