Southeastern Vermont 2010 to Present
SeVEDS’ goal is to reverse the Windham Region’s economic decline that has included stagnant population growth, an aging workforce, a high cost of living and low wages. We envision developing the Southern Vermont economy to generate long-term growth and prosperity, improve the region’s quality of life and sustain its quality of place.
- Increase the employable population (aged 16 and older) by 651 people.
- Increase the average wage 2.6%, from $38,820 to $39,848.
- Increase the region’s total wages by $96 million.
- Increase the region’s gross domestic product (GDP) by 18.1%, or $430 million.
From January to October 2013, VE is helping the group create and submit a Comprehensive Economic Development Strategy (CEDS) plan. The federally recognized planning document results in a five-year economic development strategy, updated annually, that opens the region to federal funding. The U.S. Economic Development Administration (EDA) approves communities’ CEDS plans. To obtain public input, SeVEDS held a number of public sessions across the county in March and May 2013 to gather information and feedback.
For more information, Contact VE or 410-321-1484.