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Phoenix Books buys Yankee Bookshop

Fri, 02/10/2017 - 4:10pm -- tim

Vermont Business Magazine The owners of Phoenix Books, a Vermont-owned bookstore with locations in Essex, Burlington, Rutland and Chester, have purchased Woodstock's Yankee Bookshop. Michael DeSanto and Renee Reiner met with Susan Morgan - who bought the shop in 2001 - for the closing on February 1. Yankee Bookshop first opened in November of 1935, making it Vermont's oldest continuously operated independent bookshop.

Ag Agency awards over $121,000 in Farm to School grants to 13 schools

Fri, 02/10/2017 - 1:23pm -- tim

Vermont Business Magazine Students and teachers representing nearly 20 schools from across Vermont crowded into the Statehouse Cafeteria in Montpelier on Wednesday along with legislators, government officials, and Vermont Farm to School Network leaders to celebrate Farm to School Awareness Day and honor 2017 grant winners. Over $121,000 in grants and technical supports were awarded to 13 schools, representing 10 Vermont counties, for the purpose of growing and developing farm to school programs.

Five Vermonters named to Talent Pipeline Management Academy

Fri, 02/10/2017 - 12:26pm -- tim

Vermont Business Magazine The US Chamber of Commerce Foundation announced today the second cohort of participants in its Talent Pipeline Management Academy, a program supported by a $2.5 million grant from USA Funds. Talent Pipeline Management (TPM), the U.S. Chamber Foundation’s signature workforce development initiative, is a new way of addressing the nation’s skills gap by positioning employers in a more central role as key customers of postsecondary education and training providers.

Weekly unemployment claims edge down again

Fri, 02/10/2017 - 10:08am -- tim

Vermont Business Magazine Weekly unemployment claims fell slightly last week as claims follow a pattern of being lower than they were last year. By industry, Construction reported the most claims last week at 44 percent of all claims, and were slightly above in actual number than the previous week. In an average week, Services usually record the most claims. 

For the week of February 4, 2017, there were 562 claims, down 13 from the previous week's total and 103 fewer than than they were a year ago. Year-to-year claims have been lower the last several weeks.

Housing bill would raise $10 million from hotel, AirBnB guests

Fri, 02/10/2017 - 9:26am -- tim

Vermont Business Magazine Vermont legislators from the House and Senate introduced on Thursday legislation anticipated to raise as much as $10 million per year to support affordable housing in Vermont and reduce homelessness. The bills propose a $2 per night Occupancy Fee on hotel, motel and AirBnB guests, which will fund a newly created Workforce and Supportive Housing Fund. The fund will be managed by the Vermont Housing and Conservation Board.

USDA energy program seeks grant applications, up to $500,000 available

Fri, 02/10/2017 - 7:57am -- tim

Vermont Business Magazine The US Department of Agriculture (USDA) seeks grant applications from rural businesses interested in increasing their bottom line through performing energy efficiency upgrades or installing renewable energy systems. USDA Rural Development is accepting applications until March 31 for funding through the Rural Energy for America Program (REAP).

Saint Michael’s College joins Coalition for Access, Affordability, and Success

Fri, 02/10/2017 - 4:52am -- tim

Vermont Business Magazine Saint Michael’s College will be joining more than 100 colleges and universities as part of the Coalition for Access, Affordability, and Success. The Coalition is a diverse group of public and private universities that provide substantial support to lower–resourced and under-represented students, offer responsible student financial aid support, and demonstrate a commitment to student graduation.

Saint Michael’s will accept the Coalition application for admission beginning this fall.

Kinsley: DeVos is a threat to school choice

Fri, 02/10/2017 - 3:41am -- tim

by Benjamin Kinsley Campaign for Vermont Prosperity Many Vermonters probably had mixed reactions to the nomination of Betsy DeVos as US Education Secretary. On the one hand, she is espoused as a proponent of school choice which is prized by many of our rural communities. On the other hand, Vermont lead the country in rejection of Donald Trump last November (by 28 points). Nearly every single one of his cabinet choices have drawn criticism, but none have drawn quite the ire that DeVos has.

Personal Income Tax shows gains

Thu, 02/09/2017 - 5:12pm -- tim

Vermont Business Magazine For the second consecutive month,  Personal Income, the state's most important revenue source, was again ahead of targets, leading to an overall positive month for taxes. General Fund revenues collected for the month of January totaled $165.86 million, $3.12 million above the consensus revenue targets adopted by the Emergency Board on January 19, 2017. The Corporate Income Tax missed its mark by -$1.65 million as did the Estate Tax by -$1.07 million. The Sales Tax was also down, while Rooms & Meals stayed just ahead of targets.

Burlington housing cooperative wins national award

Thu, 02/09/2017 - 4:32pm -- tim

Vermont Business Magazine The Champlain Housing Trust (CHT) Bright Street Housing Cooperative, a new, 40-unit resident-controlled housing development in the Old North End, has been selected for the 2017 Audrey Nelson Community Development Achievement Award from the National Community Development Association (NCDA). The City of Burlington, which sponsored the award, joined six other communities selected to receive the award on behalf of the co-op.

Vermont Federal Credit Union names Giard new CEO

Thu, 02/09/2017 - 4:05pm -- tim

Vermont Business Magazine Douglas Fisher, Chairman of the Vermont Federal Credit Union Board of Directors, announced today that Jean Giard has been named President and Chief Executive Officer (CEO) of Vermont Federal Credit Union. Giard joined Vermont Federal Credit Union as Chief Financial Officer (CFO) in April of 2006 and has been an integral part of the senior management team for over ten years. During that time, she helped the Credit Union grow from a $160 million financial institution to its current $477 million in assets.