A new labor paradise could be coming to a town near you.
The city of Vermont, California, has been awarded $3.7 million by the federal government for its plan to build a new “high-tech manufacturing facility” in a rural area of the town, according to a letter obtained by The Next World.
The Vermont facility would employ around 700 people and produce some 300 megawatt-hours of energy per year, the letter states.
The project has already received some support from the Obama administration, with a $2 million loan to the city’s town council and $2.5 million for a second round of funding.
The mayor’s office has said the project could bring a $5 million economic boost to the town.
Vermont has struggled with a shortage of skilled labor for years, which is expected to increase as its population ages.
In 2013, a report from the US Census Bureau said Vermont’s workforce would increase by 3 percent by 2030.
The area is known for its high-tech industries, including manufacturing, electronics, and biotech, but has also seen a significant number of displaced residents in recent years.
“Vermont is a special place and I know that the Vermont community and its residents are very proud of their history and culture,” Mayor Greg Moore told The Next Global in an interview.
“We are committed to finding solutions that will enable Vermont to become a world-class manufacturing center.”
The Vermont City Council has been considering the $3 million grant proposal for several months, according the letter.
It’s unclear if the city has received any funding from the federal stimulus, which was announced in December.