- Associated Press - Wednesday, June 3, 2015

NORTHFIELD, Vt. (AP) - Vermont Gov. Peter Shumlin has signed into law an economic development bill that enhances job creation incentives and helps first-time home buyers with closing costs, among other provisions.

The governor signed the bill Wednesday at the Northfield manufacturing plant of Darn Tough socks, where company officials say they’re expecting to add 300 new jobs in the next five years.

The job creation portion of the bill allows companies to get tax credits while paying slightly lower wages than currently required if they expand in parts of Vermont with higher-than-average unemployment.

Help with closing costs for first-time homebuyers is expected to address the often heard complaint that companies looking to grow are often told by prospective hires that housing in the area is unaffordable.



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