News

Massive NEK development slowed by stalled EB-5 approvals

Sun, 04/20/2014 - 5:01pm -- tim

by Hilary Niles vtdigger.org Jay Peak Resort’s multi-million dollar side projects in Newport and Burke are delayed due to a slow-down in investor recruitment. Federal backlogs and increased scrutiny of all projects financed through the EB-5 Immigrant Investor Program have jammed up the ventures, which are part of the resort owners’ ambitious Northeast Kingdom Economic Development Initiative.

Vermont unemployment rate falls three-tenths to 3.4 percent

Fri, 04/18/2014 - 10:09am -- tim

Vermont Business Magazine Vermont’s unemployment rate is now second lowest in the nation, behind only North Dakota (2.6 percent). Driven by an increase in jobs and a steep decline in the number of unemployed, Vermont's unemployment rate fell again in March to 3.4 percent, a level not seen since well before the national economy collapsed in 2008. This is the lowest Vermont seasonally adjusted unemployment rate since June 2005. The March rate represents a decrease of three-tenths of a percent from the February rate of 3.7 percent.

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