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2015 Snowfall Breaks All-time Record: Mount Snow Sees Over Six Feet of Snow in February

Fri, 02/27/2015 - 10:09am -- katie

As the last week of February comes to a close, southern Vermont’s Mount Snow ticks off yet another highlight for its 60thAnniversary Season: a new snowfall record.

“With 76 inches of snow in February alone, it’s safe to say that this is the year,” said Kelly Pawlak, Mount Snow General Manager. “We’ve had fresh snow almost every day this month. We – and our guests – couldn’t be happier. This is a real Vermont winter.”

Vermont exports exceeded $3 billion in 2014

Fri, 02/27/2015 - 5:58am -- tim

Merchandise exports from Vermont hit $3.6 billion in 2014. Vermont’s exports in 2014 helped the US achieve a record high for goods and services exports: $2.35 trillion. Goods exports from Vermont supported an estimated 16,000 US jobs in 2013, contributing to the 11.3 million jobs nationwide that were supported by both goods and services exports that year. On average, jobs in these export-related industries pay up to 18 percent more than non-export related industries. 

Weekly unemployment claims surge for first time this year

Fri, 02/27/2015 - 5:23am -- tim

Vermont Business Magazine Weekly unemployment claims reveersed a recent trend and increased at their greatest rate since the post-holiday period. Claims had risen in the late fall and peaked around the holidays and then fallen back in January and most of February. For the week of February 21, 2015, there were 873 new, regular benefit claims for Unemployment Insurance in Vermont. This is an increase of 359 from the previous week's total, and 49 more than they were a year ago. In 2014, claims were consistently below 2013 levels on a week-to-week basis.

Legislature, Administration cast wide net to find solutions to $18.6 million budget gap

Fri, 02/27/2015 - 5:00am -- tim

by Elizabeth Hewitt From health care to bottled water for state employees, lawmakers and the Shumlin administration pieced together a list of suggestions Thursday on how the state could scrape up $29 million to fill another budget gap.

The list aims to solve the latest financial hardship facing the state: filling an $18.6 million void illuminated by a revenue downgrade in January.

Vermont senators praise FCC’s adoption of net neutrality rules

Thu, 02/26/2015 - 4:42pm -- tim

Democratic Senators Patrick Leahy (Vermont), Ron Wyden (OR), Chuck Schumer (NY), Maria Cantwell (WA), Sheldon Whitehouse (RI), Tom Udall (NM), Al Franken (MN), Richard Blumenthal (CT), Elizabeth Warren (MA), Ed Markey (MA), and Cory Booker (NJ) issued a joint comment Thursday following a vote by the Federal Communications Commission (FCC) on updated open Internet rules.

City, Champlain College, neighborhood group settle student housing project

Thu, 02/26/2015 - 3:59pm -- tim

Mayor Miro Weinberger today announced a mediated settlement agreement among the City, Champlain College, and members of Preservation Burlington, a non-profit neighborhood preservation organization, regarding the Eagles Landing student housing project proposed by the college. The settlement resolves the final legal issues related to the denial of the project by the Development Review Board on April 3, 2014, and its subsequent appeal by Champlain College.

Vermont congressional delegation scores high on 2014 National Environmental Scorecard

Thu, 02/26/2015 - 12:21pm -- tim

Vermont’s Congressional delegation received high marks today from the National League of Conservation Voters for their pro-environment voting records in LCV’s 2014 National Environmental Scorecard. The delegation’s voting record stands in sharp contrast to a national trend of anti-environmental voting, particularly in the House of Representatives, according to Lauren Hierl, the political director at the Vermont Conservation Voters.

Expect aggressive increases at the pump following this week’s wholesale price spike

Thu, 02/26/2015 - 12:14pm -- tim

Vermont gasoline prices have edged up over the last couple of weeks, but drivers could see a steeper increase soon, according to a national rating service. For this week, gas prices in Vermont are at an average of $2.387, which is a modest increase of 3.6 cents from a week ago and 4.3 cents from a month ago. Vermont economists have indicated that the lowered gas prices have put millions of dollars into consumers wallets, which has been perhaps the brightest spot in a slowly emerging economy. A price spike could hurt consumer activity.

Keurig, Dunkin', Smucker's expand retail relationship

Thu, 02/26/2015 - 11:29am -- tim

Dunkin' Brands Group, Inc, (NASDAQ: DNKN), The JM Smucker Company (NYSE: SJM) and Keurig Green Mountain, Inc (NASDAQ: GMCR) today expanded their partnership by signing agreements for the manufacturing, marketing, distribution and sale of Dunkin' K-Cup packs at retailers nationwide in the US and Canada, and online. Dunkin' K-Cup packs are presently available in Dunkin' Donuts restaurants in the US Keurig is the exclusive producer of Dunkin' K-Cup packs and will remain so with the expansion of the partnership.

CFV launches economic indicators report

Thu, 02/26/2015 - 11:20am -- tim

Campaign for Vermont (CFV) announces the launch of The Economic Indicators Report. The Report includes data obtained through public records requests as well as some publicly available data that has been analyzed. The February issue focuses on the state of Vermont's workforce. Subsequent reports will be published monthly and examine a specific theme within Vermont's economy.

​Published by CFV with numerous collaborators, the Economic Indicators Report serves Vermonter's need for a nonpartisan, evidence-based discussion of the state's economic climate.