Vermont Business Magazine The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for May was 3.6 percent. This represents no change from the revised April rate (3.6 percent). The national average in May was 5.5 percent, which experienced an increase of one-tenth of a percentage point from the previous month’s estimate. The seasonally adjusted Vermont data for May show the Vermont civilian labor force increased by 300 from the prior month estimate.
HMC Advertising, based in Richmond, has merged with with Cottage 10 of Hinesburg. For over 35 years, HMC has carved out a trusted reputation among Vermont advertising agencies–with client longevity serving as a testament to outstanding service and business results. For example, Smugglers’ Notch Vermont has been a client of HMC for over 25 years, while Blue Cross Blue Shield of Vermont has been with the agency for over 20 years.
Vermont Tech opened the doors today to the recently donated Norwich Farms dairy farm. The donation encompasses an approximately 350-acre, 40-stall operational dairy farm on Turnpike Road in Norwich, Vermont, along with three residential buildings and multiple barns. Vermont Tech’s plans for the property include the development of a residential dairy intensive educational experience, delivered on the farm and relying on a fully operating herd.
Vermont Student Assistance Corp, now in its 50th year of helping students pursue education after high school, announced it has completed the sale of $21.2 million in education loan revenue bonds rated ‘A’ by Standard and Poor’s and ‘A3’ by Moody’s.
Governor Peter Shumlin has capped off a successful legislative session by signing the last of 76 bills passed by the legislature this year. "I was proud to sign so many pieces of legislation into law that will help make Vermont's economy work for every Vermonter, protect our special quality of life, and build on the strong job growth we have seen in recent years," Gov. Shumlin said. "I want to thank the legislature for their hard work this past legislative session to move Vermont forward. Signing legislation is just the first step.
Norwich University’s College of Graduate and Continuing Studies (CGCS) has announced that General Alfred M Gray, USMC (Ret) will deliver its 2015 commencement address at a ceremony for nearly 600 students representing nine online graduate programs and two bachelor’s degree completion programs on Friday, June 19, at 10 am in Shapiro Field House.
The Kauffman Foundation has ranked Vermont number five in its state-by-state listing of business start-up activity. “The Kauffman Index: Startup Activity” from the Kauffman Foundation brings together data on entrepreneurial trends nationally, at the state level, and for the 40 largest metropolitan areas of the United States. Vermont moved up in this year’s index from the 12th spot in 2014. The report found that startup activity was up in 32 of the 50 US states last year, and 18 of the nation’s top 40 metropolitan areas also saw increases in new venture activity.
The Public Service Department will be holding a series of four public forums around the state in July to solicit Vermonters’ thoughts on how the state can meet its energy goals – and energy needs – in the coming years. The input will inform the next revision of Vermont’s long-range, Comprehensive Energy Plan. A final plan is due to the Legislature in December.
Stakeholder and expert meetings:
The PSD plans half-day meetings on each of these four topics:
Increasing the gas tax does not result in a commensurate penny-to-penny increase in the retail price motorists pay at the pump, a study of the market impacts of five state gas tax increases enacted in 2013 found. The study looked at gas tax retail impacts in Massachusetts, Maryland, Pennsylvania, Vermont and Wyoming.
Consumers will pay higher prices for palm oil made by companies that help to protect endangered species, finds a new study by North American and UK researchers. The team includes two from UVM’s Gund Institute for Ecological Economics. Palm oil is widely used in processed food and cosmetics. But the conversion of tropical forests to oil palm plantations has devastated a huge number of plant and animal species, including tigers, elephants, rhinos and orangutans.
The Humane Society of Chittenden County shelters as many as 90 companion animals on any given day. Hot and cold days make a very real impact on the comfort of both the animals and the people in the building. With a $5,800 grant from Green Mountain Power and a cost share from Efficiency Vermont, HSCC is now saving an estimated 8,089 kWh and 106 ccf of natural gas per year AND 10,600 pounds of carbon emissions each year. HSCC estimates a savings of nearly $1,000 per year in energy costs.
The People’s United Community Foundation, the philanthropic arm of People’s United Bank, announced today that it has awarded $10,000 to the Sara M Holbrook Community Center. As a federally designated refugee relocation site, Burlington continues to grow and grapple with changing community needs. One of the greatest needs for newly arrived families is mastering the English language.