The state of Vermont is working with the Federal Reserve Bank of Boston and a number of charitable organizations to develop a grant program to tackle problems facing small towns.
Boston Federal Reserve President Eric Rosengren joined Vermont Republican Gov. Phil Scott at the Barre Opera House recently to launch the ``Working Communities Challenge.''
It's a variation on the Working Cities Challenge program the Federal Reserve launched in Massachusetts six years ago that has expanded to Connecticut and Rhode Island.
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The Working Cities model brings together private business, the state, and nonprofits to help people in struggling, post-industrial communities address chronic problems.
The Vermont program is being modified for Vermont's small towns. If successful, it could be expanded to New Hampshire and Maine.