Vermonters for a New Economy, Final State Bank Study

Vermonters for a New Economy • January 25, 2014

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.