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PAI: A better outlook for jobseekers, but not for the poor

Mon, 09/18/2017 - 5:21am -- tim

Public Assets Institute In August the number of Vermonters officially unemployed dropped to its lowest level in more than 16 years: 10,445, according to the U.S. Bureau of Labor Statistics. It’s the first time since March 2001 that the number has dipped below 10,500. Only people who are jobless and actively seeking work are counted as “unemployed.” Low unemployment means a shortage of workers, which should push up wages.

UVM: Tragic rock climbing accident

Sun, 09/17/2017 - 8:16pm -- tim

University of Vermont It is with great sadness that we inform the University community that Rebecca Ryan, a junior in the College of Nursing and Health Sciences, from Knoxville, Tennessee, passed away during a tragic rock climbing accident on Saturday, September 16, 2017. Rebecca was studying to be an athletic trainer and was actively involved on campus with the Rock Climbing Club and InterVarsity Christian Fellowship, among others. Rebecca’s mother describes her as “an adventurous young woman, deeply committed to her faith.”

Governor Scott appoints more than 150 to state boards and commissions

Sun, 09/17/2017 - 1:07pm -- tim

Vermont Business Magazine Governor Phil Scott on Friday announced more than 150 appointments to boards and commissions throughout the state. “I thank each of these appointees – and those already serving – for their commitment to Vermont and public service,” Scott said. “Vermont’s boards and commissions provide an opportunity for Vermonters to give back to their communities and serve their state, playing an important role in both advisory and policy making capacities.”

Vermont K-12 schools gear up for Way to Go! challenge

Sun, 09/17/2017 - 3:42am -- tim

Vermont Business Magazine The Way to Go! Challenge is back this September 25 - October 6th. New this year, the event is geared specifically to K-12 schools, encouraging students, staff and faculty to battle carbon pollution head-on for at least one day. Dozens of schools have already signed-up, and registration remains open at thru through October 5th.

Champlain Housing Trust awarded $10,000 from NorthCountry Federal

Sat, 09/16/2017 - 2:03pm -- tim

Vermont Business Magazine The Champlain Housing Trust announced today that NorthCountry Federal Credit Union has awarded the organization with a $10,000 grant to go toward sustaining and expanding their financial literacy and counseling programming. This is the third year in a row the Credit Union has supported CHT’s financial services which include homebuyer education, pre-purchase counseling, financial capabilities education and mentoring, foreclosure and delinquency intervention services, and a new eviction program.

Norwich University Writers Series fall lineup leads with Padnos

Sat, 09/16/2017 - 11:46am -- tim

Vermont Business Magazine Norwich University presents the fall lineup of the Writers Series. All presentations are free and open to the public and held at 4 pm in the Kreitzberg Library Carol Todd Multipurpose Room. Beginning the series on Tuesday, September 26, is former Al Qaeda hostage in Syria, author of “My Life Has Stood a Loaded Gun” and “Undercover Muslim,” and subject of the documentary film, “Theo Who Lived,” Theo Padnos.

Vermont AG leads first 'Lawyers Fighting Hunger Food Drive'

Sat, 09/16/2017 - 3:20am -- tim

Vermont Business Magazine September has been designated National Hunger Action Month by the Vermont Foodbank, and to raise awareness and fight hunger in Vermont, Attorney General T.J. Donovan announced the start of the 1st Annual “Lawyers Fighting Hunger Food Drive.” The Lawyers Fighting Hunger Food Drive is a collaboration between the Office of the Attorney General, the Vermont Bar Association and the Vermont Foodbank and will run from September 15th through 30th.

State of Vermont responds to, takes issue with, closing of EB-5 center

Fri, 09/15/2017 - 5:54pm -- tim

by Timothy McQuiston Vermont Business Magazine The State of Vermont responded late Friday with a letter that both cajoled and scolded an attempt by the federal government to shutter Vermont’s immigrant investor program, known as EB-5, by immediately closing the Vermont Regional Center. Governor Scott has also desired to close the state-associated program, but favors an orderly and cooperative plan with the US Citizenship and Immigration Services.

Vermont poverty rate up, income barely gains

Fri, 09/15/2017 - 4:40pm -- tim

Vermont Business Magazine The Vermont poverty rate went up last year while median household income barely rose. The state's poverty showed the only significant increase of any state in the nation. As for income, Vermont held onto its position as 21st in the nation, but is now just barely above the US average. Vermont's poverty rate is 14th lowest (11.9 percent) in the nation (14.0 percent). New Hampshire has the lowest rate (7.3 percent); no other state is less than 9 percent. Most states are above the Us average, which is dragged down by several populous states above average, such as California (14.3 percent) and Texas (15.6 percent). 

Vermont licenses 1,100th captive insurance company

Fri, 09/15/2017 - 1:57pm -- tim

Vermont Business Magazine Governor Phil Scott has announced that the Department of Financial Regulation (DFR) has licensed Vermont’s 1,100th captive insurance company. AssureCap Indemnity, LLC was licensed as a Sponsored Captive Insurance Company. It was formed by Assurance Agency, Ltd., which was recently named the 41st largest insurance broker in the United States by Business Insurance magazine and is now the largest independent insurance brokerage in Illinois.

Vermont unemployment rate falls to 3.0 percent in August

Fri, 09/15/2017 - 11:02am -- tim

Vermont Business Magazine All three major labor metrics improved last month. Vermont’s unemployment rate fell in August, but the better news was that the Labor Market expanded, if only modestly, and the number of employed also expanded, while those looking for work declined. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for August was 3.0 percent – a drop of one-tenth of one percentage point from the revised July rate (3.1 percent). However, a shortage of workers continues to be a problem. The national rate in August was 4.4 percent. Overall, Vermont’s unemployment rate was seventh lowest in the US in August.