by Nick Wallace The middle class is shrinking, but Vermont is the highest ranking state in the East for the "Middle Class." According to a 2015 analysis by Pew Research, for the first time in recent history less than half of American households are part of the middle class, with greater numbers of households moving into the upper and lower classes. Likewise, while middle-income Americans used to earn more than 60 percent of total US income, today their combined paychecks add up to just 43 percent of the whole pie. Vermont overall was eighth, as the Northeast and South generally ranked low.
Vermont Business Magazine Under normal weather and power system conditions, New England is expected to have the electricity resources it needs to meet consumer demand this summer, according to ISO New England Inc, the operator of the region’s bulk power system and wholesale electricity markets. Although electricity supplies are expected to be sufficient, construction work on the region’s natural gas pipeline infrastructure will limit delivery of natural gas to some power plants and require them to obtain fuel from different sources. However, ISO has commitments of about 2 gigawatts more than the historic peak demand. Another wild card is the amount of installed solar, which in New England is the equivalent output of two Vermont Yankee nuclear plants. That generation does constitute a challenge for ISO, as the actual output rises and falls with the sun.
by Bill Schubart As the legislative session winds down, it’s time to consider what happened, what didn’t, and more important, why? Many Vermonters are vocal about wanting their government branches to change how they do business; others have altogether given up on government’s ability to better their lives. And while it’s fine to distrust and criticize government leaders, an outright anti-government stance, unfortunately, denies help, hope, and invites tyranny.
Vermont Business Magazine Ledyard Financial Group (Ticker Symbol: LFGP) announced today a regular quarterly dividend of $0.48 payable June 3, 2016, to shareholders of record as of May 13, 2016. Ledyard Financial Group, Inc, headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank. Ledyard National Bank, founded in 1991, is a full service community bank offering a broad range of banking, investment, tax and wealth management services in the Dartmouth-Lake Sunapee Region.
Vermont Business Magazine Norwich University hosted 12 generals and admirals, 40 classroom presentations, two keynote lectures and a moderated panel discussion last week to commemorate 100 years of Reserve Officers’ Training Corps and to discuss the future of the leader development program. As the birthplace of ROTC, Norwich University celebrated ROTC’s centennial anniversary with the “ROTC Centennial Symposium: Preparing the Next Generation Leaders in a Complex World” on April 21-23, 2016. The symposium brought over 150 VIPs to campus including representatives from the Australian and Macedonian attachés as well as the Canadian Military Service Academy, to debate, discuss and celebrate ROTC.
Vermont Business Magazine Department of Public Safety Commissioner Keith Flynn and Vermont State Police Director Colonel Matthew T Birmingham announced Thursday that Captain Ingrid Jonas has been selected to serve as the first Director of Fair and Impartial Policing and Community Affairs for the Vermont State Police. This new position will be charged with developing and implementing a comprehensive program to ensure fair and impartial policing practices at all levels of the state police, building relationships of trust with minority communities, diversifying the workforce,
Vermont Business Magazine The Windham County Economic Development Program (WCEDP) has released the 2016 Request for Proposals for competitive grant funds. The WCEDP is meant to promote economic development in Windham County by providing funds to stimulate job creation through business start-up, expansion, or relocation, encourage entrepreneurial activity, and strengthen the economic development infrastructure to ensure a strong foundation for transformational economic activity.
Vermont Business Magazine The Governor’s Environmental Excellence Award winners have been selected. This year’s recipients include Global Foundries in Essex Junction (two awards), Lyndon Furniture in Lyndon, WallGoldfinger in Randolph, Addison County Solid Waste District, Boardman Hill Solar in West Rutland, the Stowe Farmer’s Market in Stowe, the Vermont Foodbank, the Vermont Energy Education Program, the St. Johnsbury Academy, and TRY for the Environment.
Vermont Business Magazine Champlain College Wednesday celebrated the one-year anniversary of the truED® alliance with the US Office of Personnel Management. The agreement provides Federal employees, spouses, and eligible adult dependents access to affordable online education in mission-critical and highly competitive fields. Leaders across government recognized this milestone during “Federal Workforce 2020: Turning Today’s Experience into Tomorrow’s Talent” by joining in support of the alliance, and shared plans to increase participation and enhance talent development efforts within the Federal workforce.
by Mike Faher/The Commons After more than a year of intense planning and contentious debate, the Vernon natural-gas plant project has come to an abrupt halt. Energy giant Kinder Morgan decided April 20 to pull the plug — at least for now — on its Northeast Energy Direct pipeline, and that means there will be no fuel supply for a proposed 600-megawatt gas-fired Vernon plant. Local officials noted that Kinder Morgan has “suspended” the pipeline project, meaning that work might resume at some point. But they are also prepared to move on to other projects that could help replace tax revenue and jobs lost due to the closing of the Vermont Yankee nuclear plant.
Vermont Business Magazine The US Department of Agriculture (USDA) recently announced the availability of $2 million to help farmers install edge-of-field stations that monitor water quality as it leaves their fields, providing data to evaluate the success of various conservation efforts. The funding is available to farmers located across key watersheds in nine states, including Vermont, and is part of USDA’s ongoing commitment to measure the effectiveness of a wide range of conservation initiatives. Applications are due by July 8, 2016.