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Vermont Unemployment Rate Declines to 2.8 percent in December

Fri, 01/19/2018 - 4:32pm --

Vermont Business Magazine The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for December was 2.8 percent. This reflects a decline of one-tenth of one percentage point from the revised November rate. The national rate in December was 4.1 percent. As of the prior month’s preliminary data, the Burlington-South Burlington Metropolitan NECTA was tied for the ninth lowest unemployment rate in the country for all metropolitan areas.

Governor Phil Scott's Vermont outdoor recreation economic collaborative releases recommendations

Fri, 01/19/2018 - 1:10pm --

Vermont Business Magazine Governor Phil Scott was joined by his Vermont Outdoor Recreation Economic Collaborative Steering Committee (VOREC), Thursday, to present the group’s first report, which recommends strategies to strengthen and expand Vermont’s outdoor recreation economy.

Business, municipal, and environmental leaders call on lawmakers to take action on long-term water funding

Fri, 01/19/2018 - 12:00pm --

Vermont Business Magazine Business, municipal, and environmental leaders came together today to express shared support for long-term clean water funding via a parcel fee, and the establishment of a Clean Water Authority to collect and distribute those funds to on-the-ground clean water projects.

Weekly unemployment claims keep falling

Fri, 01/19/2018 - 11:05am -- tim

Vermont Business Magazine Weekly unemployment claims continued their post-holiday decline last week. Hiring and then layoffs spike around the holidays as first retailers and mail order operations hire seasonal workers and then release them. Volatility is common this time of year.  For the week of January 13, 2018, there were 724 claims, 221 fewer than than they were the previous week and 48 more than they were a year ago. Altogether 6,800 new and continuing claims were filed, a decrease of 117 from a week ago, and 367 fewer than a year ago. For most weeks of 2017, including the last several months, claims have registered below the year before.

ReSOURCE announces move to Williston

Fri, 01/19/2018 - 10:56am --

Vermont Business Magazine ReSOURCE, a multi-faceted organization that creates a marketplace for reuse with proceeds funding new opportunities to the under-skilled and long-term unemployed and providing poverty relief, is pleased to announce its home base is moving from its long-time 266 Pine Street location to a larger facility in Williston’s Taft Corners.

Springer: Utilities are indispensable climate change fighters

Fri, 01/19/2018 - 3:31am -- tim

by Darren Springer, COO BED Despite federal rollbacks on climate policy, we still have a path toward impactful climate action. Through the transformation of a 19th Century industry – the electric utility sector – into a 21st Century catalyst for beneficial change, we can make a meaningful impact on the fight against global climate change. In a forthcoming article in the William & Mary Environmental Law and Policy Review, I outline how smartly-regulated utilities, coupled with innovative technologies, can move us more quickly toward our climate goals.

House gives preliminary approval to the Budget Adjustment Act

Thu, 01/18/2018 - 4:37pm -- tim

Vermont Business Magazine The House today gave preliminary approval on a vote of 142-1 to the fiscal year 2018 budget adjustment, House bill 633. The bill was approved unanimously by the House Appropriations Committee earlier in the week and is expected to receive final approval by the House tomorrow. The annual budget adjustment process makes midpoint updates to the current operating budget of the state to meet unexpected needs and keep the budget in balance.

AGs to investigate pharma manufacturers' role in opioid crisis

Thu, 01/18/2018 - 2:47pm -- tim

Vermont Business Magazine Ninety-one Americans die daily from an opioid overdose per the Centers for Disease Control and Prevention (“CDC”); 40 percent of those deaths involve a prescription opioid. As we are all painfully aware, Vermont is a part of this statistic. In 2016, 112 opioid-related deaths occurred in the State of Vermont, with 106 being reported as accidental and undetermined.

Leahy opposes fourth continuing budget resolution

Thu, 01/18/2018 - 1:50pm -- tim

Senator Patrick Leahy Democrats have been ready and willing to negotiate a spending agreement since June. The House bill does not address the needs of our military, our veterans, or the opioid epidemic, and it does not protect the DREAMers. Instead of working on these important matters, congressional Republican leadership spent the last year overturning consumer protections, stripping health care from millions of Americans, and passing a massive tax cut for big corporations and wealthy Americans to be paid for by middleclass Americans and future generations. During that time, they have continued to kick the can down the road and failed to do their jobs to pass sensible spending bills to keep our government open. They have cast aside Congress’s fundamental responsibilities in pursuit of a hyper-partisan agenda. 

Vermont ranked fifth in dependence on federal government

Thu, 01/18/2018 - 1:35pm -- tim

Vermont Business Magazine In a new study, SmartAsset analyzed data across four metrics to find the states that are most dependent on the federal government, and Vermont ranks in the number five spot. Vermont ranks high in terms of federal funding compared to income taxes paid. For every dollar Vermont sends to the federal government the state gets back $1.14. In that metric, the Green Mountain State ranks sixth. Federal government employees are also big producers in the state’s economy. According to SmartAsset data, the average federal government employee makes 1.89 times what the average worker earns. Vermont ranks eighth in that metric. Vermont's lowest ranking is in percentage of federal workers in the labor force (tied for 33rd). Vermont ranked 18th in percentage of federal share of state revenue.

GMP’s Mary Powell on list of World-Changing Women

Thu, 01/18/2018 - 11:53am -- tim

​Vermont Business Magazine Conscious Capitalism Media (CCM), a global company focused on celebrating inspiring, cutting edge stories about business as a force for good, has named Green Mountain Power president and CEO Mary Powell to its 2018 list of 30 World-Changing Women in Conscious Business. In her write-up about Powell, CCM’s editorial director, Rachel Zurer, relayed how since Powell took the helm at Green Mountain Power (GMP) in 2008, she has continued to break barriers and shake up assumptions about what a utility can be.