Peter Shumlin on Corporations

Getting credit to entrepreneurs when they need it grows jobs

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.