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Governor Scott launches ThinkVermont to grow economy

Fri, 10/20/2017 - 2:18pm -- tim

by Katie Kittell Vermont Busieness Magazine In a press conference Friday at Tech Jam in Essex Jct, Governor Phil Scott announced the launch of ThinkVermont.com, a new website that will connect existing and prospective Vermont businesses and workers to the resources and information they need to expand in or relocate to Vermont. ThinkVermont is an economic development and marketing tool, created by the Agency of Commerce and Community Development (ACCD) to help retain and attract businesses and workers to the state. The website is one component of the Administration’s and Agency’s goal to grow Vermont’s economy by improving the symmetry of information and resources between the public and private sectors.

Weekly unemployment claims edge up again after long fall

Fri, 10/20/2017 - 1:46pm -- tim

Vermont Business Magazine Weekly unemployment claims increased last week to over 400 for the first time in many weeks. Claims had been falling steadily since early July. Claims also are lower than they were the same time last year, which has been the case for most weeks in 2017. For the week of October 14, 2017, there were 407 claims, 71 more than than they were last week and 164 fewer than they were a year ago.

Co-operative Insurance implements Guidewire solution

Fri, 10/20/2017 - 1:17pm -- tim

Vermont Business Magazine Co-operative Insurance Companies (Co-op), a provider of Property and Casualty (P&C) insurance in Vermont and New Hampshire, and Guidewire Software, Inc (NYSE: GWRE), a provider of software products to P&C insurers, today announced that Co-op has successfully implemented Guidewire InsuranceNow to its Business Owners Policy (BOP) line of business in Vermont and New Hampshire.

Vermont unemployment rate falls again, now 2.9 percent

Fri, 10/20/2017 - 10:50am -- tim

by Timothy McQuiston Vermont Business Magazine The September unemployment rate improved over August as have the major indicators. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for September was 2.9 percent. This reflects a decline of one-tenth of one percentage point from the revised August rate (3.0 percent). The number of employed increased, the number of unemployed decreased and the Labor Force, which has been an ongoing weakness in the state economy the last few years, also increased. The year-to-year numbers were not quite as strong, as the Labor Force lost ground as the other data points improved.

Donovan supports transgender rights in military

Fri, 10/20/2017 - 2:24am -- tim

Vermont Business Magazine Attorney General TJ Donovan joined a coalition of 15 attorneys general in filing an amicus brief opposing the Trump Administration’s plans to ban open military service by transgender individuals. The amicus brief, filed with the U.S. District Court for the District of Columbia, argues that banning transgender individuals serving in the military is unconstitutional, against the interest of national defense, and harmful to the transgender community at large. The case, Doe v.

Waterline construction in Bennington begins

Thu, 10/19/2017 - 6:05pm -- tim

Vermont Business Magazine Municipal waterline construction has begun in the Town of Bennington and the Village of North Bennington. Water service will be extended to properties with on-site wells contaminated or threatened by perfluooctanoic acid (PFOA) in the area where the State of Vermont and Saint-Gobain have settled Saint-Gobain’s liability. Saint-Gobain is also continuing an investigation of the affected properties east of Route 7 with oversight from the Agency of Natural Resources.

Vermont AG defends ObamaCare

Thu, 10/19/2017 - 5:23pm -- tim

Vermont Business Magazine Vermont Attorney General TJ Donovan filed a motion with 19 attorneys general that compels the Federal Government to pay cost-sharing subsidy payments required by the Affordable Care Act. Millions of Americans rely on these subsidies to lower the out-of-pocket costs in their insurance plans. Last week, the Trump Administration decided to end the October subsidy payments.

Tax revenues down as Corporate Tax slumps

Thu, 10/19/2017 - 5:03pm -- tim

Vermont Business Magazine The Personal Income tax was down a little and the Corporate Tax was down a lot as General Fund revenues collected for the month of September totaled $149.99 million, -$3.34 million below the consensus cash flow expectation adopted by the Emergency Board on July 21, 2017, according to Secretary of Administration Susanne Young. The under-performance was driven primarily by -$2.87 million less than expected collections in Personal Income Tax and -$1.92 million less than expected in Corporate Tax. All other components of the General Fund were either slightly ahead or behind target, with the Rooms & Meals Tax (+3.26%) had another good month.

UVM Medical Center names Desjardins new Chief Medical Officer

Thu, 10/19/2017 - 4:47pm -- tim

Vermont Business Magazine The UVM Medical Center is pleased to announce that Isabelle Desjardins, MD, has accepted the position of Chief Medical Officer (CMO) for the University of Vermont Medical Center, effective October 1. Dr Desjardins is an attending psychiatrist and associate professor of Psychiatry at UVM’s Larner College of Medicine.  Desjardins has held clinical leadership roles at the Medical Center since she arrived in Burlington in 2003.

Molly Dillon named deputy commissioner of DFR Banking Division

Thu, 10/19/2017 - 4:36pm -- tim

Vermont Business Magazine Molly Dillon has been named deputy commissioner of the Vermont Department of Financial Regulation’s Banking Division, Commissioner Michael S. Pieciak announced today. Dillon has more than 30 years of experience in both retail and community banking and brings to the job a wealth of knowledge of current operations and senior management.

Ag Agency makes $1 million available for farm equipment

Thu, 10/19/2017 - 1:32pm -- tim

Vermont Business Magazine The Vermont Agency of Agriculture, Food and Markets is pleased to announce $1 million in funding for the Capital Equipment Assistance Program (CEAP).  This financial assistance program is available to support farmers to acquire new or innovative equipment that will aid in the elimination of runoff from agricultural wastes to state waters, improve water quality, reduce odors from manure application, separate phosphorus from manure, and decrease greenhouse gas emissions. 

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