Vermonters for a New Economy, Final State Bank Study

After many months of preparation and peer review, the Vermonters for a New Economy group has finally completed the study of the economic impacts of a public bank in Vermont.  Highlights include:

  • over 2,500 new jobs created
  • over $190M in new economic value added
  • over $340M in additional gross state product
  • the existing institutions already have the capital to establish a bank, no new appropriation or bonding needed.
  • recommendation that VEDA’s authority be expanded to include banking, which is what S. 204 proposes this year.

Read the study here.