WCC VT Southern Vermont AS 150853116 Social FEB2022

Vermont provides $2.32M to expand Working Communities Challenge


Funding will double number of community teams tackling local challenges through WCC program

By Mike Woeste

Vermont has committed $2.32 million to expand the Working Communities Challenge and double the number of teams tackling tough local economic issues, from aging populations to low labor force participation.

The challenge was created by the Federal Reserve Bank of Boston to advance collaborative efforts to build healthy economies and communities in northern New England’s rural towns, regions, and smaller cities. The program’s expansion to eight teams in Vermont means that an additional 224,000 residents could potentially benefit from Working Communities Challenge efforts in the state.

“These teams have come up with thoughtful solutions to improve conditions that prevent their communities from flourishing economically,” said Boston Fed Executive Vice President and Community Affairs Officer Prabal Chakrabarti. “We are grateful that the state of Vermont recapitalized their commitment with additional investment for the on-the-ground, collaborative work that these teams have already moved forward.”

The four new grant recipient teams each have a specific focus and will work in designated regions statewide:

  • The Northwest Collaborative team, which includes Franklin and Grand Isle counties, will address regional housing challenges, helping retain and attract skilled workers to the area.
  • The Northeast Kingdom team which includes Orleans, Essex, and Caledonia counties, will create hubs for financial stability to reduce intergenerational poverty.
  • The White River Valley team, which includes 14 communities surrounding Randolph and Royalton, will promote local housing initiatives to attract and retain young entrepreneurs.
  • The Southern Vermont team, working with communities that make up most of Windham and Bennington counties, will establish initiatives to grow and retain a diverse workforce.

The newly funded teams were among eight applicants for four $300,000 grants that were awarded in 2020, when the Boston Fed launched the program. The teams that received grants then – from Winooski, Lamoille County, Greater Barre, and the Springfield Area – are building community-based programs and initiatives around issues including workforce development, labor force participation, and encouraging entrepreneurship.

“The Working Communities Challenge program puts the power in the hands of local leaders and community members to create the change they want to see in their communities,” Gov. Phil Scott said. “By securing this funding and bringing more regions of the state into the program, we are further enhancing the innovative ideas these groups have and ensuring more Vermonters benefit from the results of the work they do in the years ahead.”

The timing of the latest awards “couldn’t be better,” according to Ben Doyle, a member of the Vermont’s Working Communities Challenge steering committee, which helped select the grant recipients.

“The pandemic has exacerbated the challenges rural communities are facing, they really need innovative approaches to change local systems that aren’t working anymore,” said Doyle, president of the Preservation Trust of Vermont. “These four teams will be well-positioned, and they’ll have the necessary resources, to lead the way.”

 

Learn more about Working Places initiatives.