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Tax revenues OK despite unknowns

Thu, 03/15/2018 - 1:12pm -- tim

by Timothy McQuiston Vermont Business Magazine Administration Secretary Susanne Young is cautiously optimistic that tax revenues will stay ahead of expectations. The caution comes from uncertainty from both technological and federal policy changes. General Fund revenues collected for the month of February totaled $106.46 million, -$0.80 million below the consensus cash flow expectation of $107.26 million for the month. The Transportation Fund collected $18.44 million for the month of February, +$0.52 million ahead of its $17.91 million target. The Education Fund collected $15.12 million for the month, $1.13 million ahead of the consensus target of $13.99 million.

State barn and historic preservation grants awarded to 33 projects

Thu, 03/15/2018 - 12:47pm -- tim

Vermont Business Magazine Governor Phil Scott recognized the recipients of 16 State Historic Preservation Grants and 17 Barn Preservation Grants at a ceremony held at the State House Thursday. The 33 grants, totaling $461,899 were awarded to municipalities, non-profit organizations and private barn owners in 13 Vermont counties to repair and rehabilitate public buildings and agricultural landmarks.

Phil Scott praises House passing H906

Thu, 03/15/2018 - 12:27pm -- tim

Vermont Business Magazine Governor Phil Scott on Wednesday issued the following statement in response to the House passing H906, an act relating to professional licensing for service members and veterans: “In my State of the State Address, I outlined a legislative package that would help grow our economy, make Vermont more competitive with other states and expand our workforce, while supporting the Vermont National Guard and honoring those who have bravely served our country in the armed forces."

U-Haul partners with Benoit’s Towing & Recovery

Thu, 03/15/2018 - 12:24pm -- tim

Vermont Business Magazine U-Haul Company of New York and Vermont, Inc has announced that Benoit’s Towing & Recovery LLC has signed on as a U-Haul® neighborhood dealer to serve the Waterbury Center community. Benoit’s Towing & Recovery at 2731 Waterbury-Stowe Road will offer U-Haul trucks, trailers, towing equipment, moving supplies and in-store pick-up for boxes.

Rich Grogan named executive director of Community Capital of Vermont

Thu, 03/15/2018 - 11:40am -- tim

Vermont Business Magazine Community Capital of Vermont has identified its next Executive Director. Rich Grogan comes to Community Capital with a background of working in and with small businesses as an employee, academic, business advisor, and since 2015, State Director of the New Hampshire Small Business Development Center. Community Capital is a statewide, nonprofit community-based lending organization whose mission is to help small businesses and lower income entrepreneurs prosper by providing flexible financing and business coaching.

Vermont DPS to meet March 22 with Nuclear Decommissioning Citizens Advisory Panel

Thu, 03/15/2018 - 11:15am -- tim

Vermont Business Magazine The Public Service Department today announced the next meeting of the Nuclear Decommissioning Citizens Advisory Panel will be held on Thursday, March 22, 2018, from 6:00 PM to 9:00 PM in the Multipurpose Room at Brattleboro Union High School, 131 Fairground Rd, Brattleboro, VT.  (Please note that this is a different location than many recent Panel meetings.)

Vermont ranks number 10 in getting best bang for tax buck

Thu, 03/15/2018 - 10:53am -- tim

Vermont Business Magazine It’s tax season and Americans across the country are more interested than ever in knowing that their tax dollars are going to good use; and in some places around the country, those dollars are worth more than in other locations. RewardExpert today released a report analyzing States With The Best and Worst Value for Your Tax Dollars. Vermont finished number 10 in the nation, with Alaska best and Hawaii worst. As for the lower 48 states, New Mexico was best and North Dakota worst. New Hampshire was 46th. The list (see below) does not run along typical blue-state/red-state political lines, as tax rankings typically do.

Laughing Man Coffee and Hugh Jackman inspire consumers to support farmers

Thu, 03/15/2018 - 8:35am -- tim

Vermont Business Magazine Laughing Man Coffee, part of Vermont-based Keurig Green Mountain, Inc, has announced a brand refresh and new marketing campaign, “Make Every Cup Count,” to celebrate its mission to deliver premium coffee and give back to the farmers who produce it. Anchored by a national marketing campaign, Laughing Man Coffee has unveiled an updated logo, revamped brand packaging, a new recyclable pod format, and expanded availability and varieties.

Rutland's Same Sun moves into larger space

Thu, 03/15/2018 - 4:47am -- tim

Vermont Business Magazine Same Sun of Vermont, Vermont’s premiere solar design and installation company has moved from 24 Center Street to 141 West Street in Rutland. “After seven years, we had outgrown our Center Street space and were ready to enter into a long-term arrangement with MKF Properties,” said Marlene Allen, co-owner of Same Sun. “Mark Foley was able to accommodate our desire to maintain our ground-floor identity.”

Casella Waste System announces remarketing of VEDA solid waste disposal revenue bonds

Wed, 03/14/2018 - 4:32pm -- tim

Vermont Business Magazine Casella Waste Systems, Inc (NASDAQ:CWST), a regional solid waste, recycling and resource management services company based in Rutland, today announced two transactions relating to certain of its industrial revenue bonds, including its VEDA and FAME bonds.

Vermont unemployment insurance rates going down, benefits up

Wed, 03/14/2018 - 4:12pm -- tim

by Labor Commissioner Lindsay Kurrle I was excited to announce last week that Vermont employers, as well as Vermonters who are collecting unemployment, will both benefit from three changes to the Unemployment Insurance (UI) program starting July 1, 2018. Due to the health of the unemployment insurance trust fund, the Department of Labor anticipates a reduction in the average UI tax rate paid by employers, while increasing the maximum weekly benefit amount for those temporarily collecting unemployment benefits. If this positive economic trend continues, employers will also see a $2,000 reduction in the taxable wage base on January 1, 2019.

CCV to hold 51st Commencement on June 2 in Northfield

Wed, 03/14/2018 - 3:48pm -- tim

Vermont Business Magazine The Community College of Vermont (CCV) will hold its 51st commencement ceremony at Norwich University’s Shapiro Field House in Northfield, Vermont on June 2, 2018. The ceremony will begin at 2 pm. The College is pleased to announce that Jen Kimmich, co-founder of The Alchemist Brewery in Waterbury and Stowe, will deliver this year's commencement address. In addition to creating the famous Heady Topper, Kimmich and her husband John are well known for their innovative entrepreneurship, environmentalism and philanthropy.