[Congressional Record Volume 162, Number 138 (Tuesday, September 13, 2016)]
[Senate]
[Pages S5666-S5667]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
RECOGNIZING THE VERMONT CENTER FOR EMERGING TECHNOLOGIES
Mr. LEAHY. Mr. President, Vermonters are proud of the innovation and
creativity that generate successful businesses in our small State. And
for years, Vermont's tech incubator, the Vermont Center for Emerging
Technology, VCET, has been providing space for entrepreneurs to take
the next steps in driving their startup businesses. As demonstrated in
a recent profile of VCET in the New York Times, any objective observer
can see Vermont as more than just an outdoor enthusiasts' playground--
but also as an oyster community of emerging technologies and innovative
thinking in building smart cities and the infrastructure to go with
them.
It is no secret that Vermont is full of entrepreneurs eager to take
the next steps in their respective fields. From ice cream to craft
beverages, digital forensics to game programming, our State is home to
many successful business endeavors. The Vermont Center for Emerging
Technologies plays a key role in expanding Vermont's tech network while
addressing the skilled labor shortage in the State. At its helm is
president and fund manager David Bradbury, whose vision for the city of
Burlington as an east coast Silicon Valley has driven the nonprofit's
development and success.
Housed in a brick building in downtown Burlington, VCET is powered by
a city-owned green energy grid with an enviable fast internet
connection. The small but skilled team not only manages the Vermont
Seed Capital Fund to administer initial funding for high-opportunity
businesses and teams but also provides mentoring and advice to new
startups. In collaboration with other Burlington-based companies and
nonprofits, including BTV Ignite and Vermont HITECH, VCET encourages
technology pioneers to dream big. With the help of local colleges
offering courses in high growth fields, students learn the skills
needed to thrive in a fast-changing economy. In turn, Vermont employers
benefit from a larger pool of skilled technology workers, while
employees gain access to better jobs and benefits.
The success of David's vision to grow Burlington into a technology
hub while addressing the lack of skilled workers is rooted in something
deeper than the rapidly expanding field of technology. Vermont's
community and socially focused values bring neighbors together to
benefit from shared experiences while providing local, sustainable, and
accessible services. Corporate responsibility and attention to green
energy reflect Vermont's commitment to lessening our environmental
footprint while promoting energy conservation and efficiency. Whether
encouraging Vermonters to pursue their passion for technology or
forging new paths in the field, VCET is spurring economic development
and technology jobs throughout our Green Mountain State.
I ask unanimous consent that a New York Times article from July 20,
``A `Smart' Green Tech Hub in Vermont Reimagines the Status Quo,'' be
printed in the Record.
There being no objection, the material was ordered to be printed in
the Record, as follows:
[From The New York Times, July 20, 2016]
A ``Smart'' Green Tech Hub in Vermont Reimagines the Status Quo
(By Constance Gustke)
Inside a plain brick building in Burlington lies the
Vermont Center for Emerging Technologies, a buzzing hipster
incubator that looks as if it could be in Silicon Valley. It
is powered invisibly by forces that any city would envy: a
green grid that is highly energy-efficient and a superfast
one-gigabit internet connection.
``People would kill for this internet connection,'' said
Tom Torti, president of the Lake Champlain Regional Chamber
of Commerce. ``For us to grow our tech network, we needed to
double down on fiber network.'' The new Burlington economy is
going to be knowledge- and skills-based, he added.
This digital superhighway runs through beautiful
Burlington, a small city sandwiched between the distant Green
Mountains and the 125-mile-long Lake Champlain. It is an
outlier as far as emerging technology hubs and so-called
smart cities go. But Burlington, which has a lower
unemployment rate than Silicon Valley, is now spawning a wave
of technology pioneers.
The technology center, called VCET, provides free advice,
mentoring, seed money and gorgeous co-working spaces that are
available to entrepreneurs for a low fee. Students can use
these spaces free, so Max Robbins and Peter Silverman, 20-
year-old college students, are starting their business,
Beacon VT, there. It is similar to the dating site OkCupid,
but for employment, matching students with employers.
``We're trying to give people an unfair advantage,'' said
David Bradbury, president and fund manager at VCET. ``There's
nothing too big that you can't dream here. And the snowball
is moving faster.''
An ultrahigh-speed internet backbone even helped Burlington
form a partnership with US Ignite, which aims to build the
next generation of internet apps, to form BTV Ignite. Its
goal is to mindfully build on the city's network and further
innovation, said Michael Schirling, who heads BTV Ignite.
``Smart cities and new technologies have the potential to
change everything,'' said Mr. Schirling, a former Burlington
police chief ``When you put in the right building blocks, you
get a collision of ideas, which can become self-generating.
It's attitude and infrastructure.''
A result is that Burlington, once a timber port, has a
stunningly low unemployment rate of 2.3 percent. On the
downside, the city is also experiencing a skilled-labor
shortage; hundreds of coding jobs alone languish on job
boards. Burlington was named a TechHire city by the White
House in 2016 to help link local employers with local
workers, and to help these workers get the skills they need
for a fast-changing economy. The designation does not come
with funding, but it does help Burlington get grants for free
training.
The TechHire mandate in Burlington is to train 400
technology workers through 2020.
``We want younger people to know that there are career
opportunities here,'' Mr. Torti said. ``We're trying to grow
our work force rather than importing it.''
A nonprofit organization known as Vermont Hitec is a
crucial part of that vision.
It works in partnership with local companies to offer boot
camps online and in classrooms that teach skills such as
medical coding and programming that lead to good-paying jobs
with benefits.
Vermont Information Processing, which develops software for
the beverage industry, has been working with Vermont Hitec so
that it can retrain or recruit employees as its business
grows and it becomes less interested in outsourcing.
Colleges like the University of Vermont, which offers a
biotechnology program, and Champlain College are also helping
solve the employment puzzle Champlain College offers degrees
in high-demand careers like digital forensics and game
programming, along with a special program for federal
employees who can get online degrees in high-growth fields.
``We're responsive, nimble and entrepreneurial,'' said Don
Laackman, president of Champlain College. ``There's a
connection between employment needs and sources offered.''
Burlington got its first push into technology start-ups
when IDX Systems, a health care software maker, was founded
there in 1969. It was sold to General Electric about 10 years
ago.
``IDX created a lot of wealth and talent, and these people
could be angel investors,'' Mr. Bradbury said. ``It was a
tipping point.''
The next wave of innovation has come from internet
companies like MyWebGrocer, which offers digital grocery
services, and Dealer.com, which offers digital marketing
services for the auto industry. Dealer.com became a legend in
Burlington after it was sold for $1 billion a couple of years
ago. Mike Lane, one of Dealer.com's founders and its former
chief operations officer, who is now on the VCET board, is an
angel investor who has funded eight start-ups. One of his
investments is Faraday Inc., which uses data analytics to
help companies target customers.
[[Page S5667]]
``In the future, there will be several $50 million to $100
million exits here,'' Mr. Lane said, ``along with other
larger ones mixed in.''
He credits Vermont's community and socially conscious
spirit with his success. ``We didn't buy the philosophy that
we had to be in a hot spot,'' said Mr. Lane, who returned to
Vermont after working in Cambridge, Mass. ``Even Zuckerberg
realized that he could have been anywhere to build
Facebook.''
That can-do spirit also inspired Marguerite Dibble, 26, who
began her firm GameTheory while she was still a student at
Champlain College. Its mission is to use gaming to inspire
behavior changes, such as teaching teens financial literacy.
``In Burlington, I can call anyone and learn from their
experience,'' said Ms. Dibble, who was born in a small
Vermont town with no ZIP code. ``The degrees of separation
are lessened here. There's a shared Vermonti-ness.''
The energy to power GameTheory's innovation comes from
Burlington's green grid, which is owned by the city. The
state has long been one of the country's greenest. But in
2014, Burlington upped the ante by turning only to wind,
water and biomass to power the city--one of the first cities
in the nation to do so. There are also incentives for
reducing energy. Landlords, for example, can choose to have
free energy audits, and more than 100 have done so.
Other Burlington businesses also work hard to save energy
on their own. Seventh Generation, which makes environmentally
conscious household products and was founded in Burlington,
gives its employees bonuses for helping reduce greenhouse
gases. Like many other companies in Burlington, Seventh
Generation also aims to be socially responsible and was
formed as a B Corp, which means it has to meet social,
environmental, accountability and transparency standards.
With this focus on energy efficiency, the city's
electricity rates have not risen in eight years, said Neale
Lunderville, general manager of the Burlington Electric
Department. ``And there are no rate increases on the
horizon,'' he said, ``since we're not chasing the next
kilowatt-hour.''
Electric cars even have their own parking spaces with
chargers.
Burlington will eventually become a net-zero city, said the
mayor, Miro Weinberger. ``Our isolation promotes a commitment
to pride and place,'' he said.
The city that helped propel Senator Bernie Sanders also has
its own nonprofit urban farm called the Intervale Center. The
land was once an abandoned dumping ground with old tires and
cars. That space now contains 350 acres with bee hives,
commercial farms, greenhouses and other projects. Through its
food hub, local foods are delivered to area businesses and
individuals.
Intervale's farm incubator, a five-year program, even
teaches new farmers the ropes, said Travis Marcotte,
executive director of Intervale Center. ``They then
transition out of the Intervale,'' he said, ``So we're
spinning off whole farms.''
It is a hopeful message, Mr. Marcotte said.
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