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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.

Vermont ski resorts rally support for the World Cup at Killington with $50,000 sponsorship

Fri, 09/15/2017 - 5:36am -- tim

Vermont Business Magazine Vermont ski and snowboard resorts have joined together to support the hosting of the Women’s Audi FIS Ski World Cup at Killington Resort, a move characteristic of the supportive ski community in Vermont. In Spring of 2017 the Vermont Ski Areas Association (VSAA) Board of Directors, comprised of leadership from nine Vermont resorts, agreed to sponsor the Killington Resort based event with a $50,000 sponsorship contribution.

Vermont AG updates Vermonters on Equifax data breach

Fri, 09/15/2017 - 3:23am -- tim

Vermont Business Magazine Attorney General TJ Donovan on Sunday acknowledged that Vermonters are understandably angry, frustrated, anxious, and upset to learn of a massive data breach exposing more than 240,000 of us to the loss of sensitive data. This loss of data includes our names, social security numbers, and even in some cases our credit card and drivers’ license numbers. Upon learning of this data breach my office immediately sent out an emergency alert to Vermonters throughout the state urging them to take steps to protect their sensitive information.

GMCB sets FY 2018 hospital budgets below targeted increase

Thu, 09/14/2017 - 5:09pm -- tim

Vermont Business Magazine The Green Mountain Care Board (GMCB) today approved FY 2018 budgets for Vermont’s 14 community hospitals. The Board provided the hospitals with instructions this spring that outlined budget parameters and guidelines for their submissions, and targeted a net patient revenue (NPR) cap of 3.0% over FY 2017 budgets, and an additional 0.4% allowance for new health care reform activities. The 14 hospitals’ initial July 1st requested increase in NPR was 3.6%, or a roughly $87M increase to health care costs within our state.

Waitlists at all six Vermont opioid treatment hubs eliminated

Thu, 09/14/2017 - 5:05pm -- tim

by Timothy McQuiston Vermont Business Magazine The state of Vermont has virtually eliminated the waitlist for those needing to receive opioid treatment, but officials admit that victory over substance abuse is far from at hand. Still, the politicians and health care administrators and providers who gathered at the Howard Center in Burlington agreed that today’s announcement was significant.

Vermont heads down to the Big E

Thu, 09/14/2017 - 12:51pm -- tim

Vermont Business Magazine Vermont will once again share its culture and heritage with more than one million attendees at the Big E, New England’s largest agricultural fair, which commences this week in West Springfield, Massachusetts. The fair will run from September 15 – October 1. An already popular Big E attraction, the Vermont Building has added some new key features to help showcase Vermont products. The Journey’s End patio has been constructed in the back of the building, complete with a new performing stage, additional vendors and elegant landscaping, all replicating Vermont’s charming beauty.

Vermont 14th for data innovation

Thu, 09/14/2017 - 11:45am -- tim

Vermont Business Magazine In a report released earlier this summer, Vermont did relatively well among all states in data innovation. Vermont was 14th overall, fifth in STEM degrees, 10th in Broadband (very high Internet use but relatively slow connection speeds), 46th in Electronic Health Records, and predictably low (35th) in e-Government. Across the United States, data scientists, civic leaders, educators, and business leaders are laying the groundwork for using data to grow the economy and address a range of societal challenges.

Kelly Brush Ride raises more than $500K for adaptive athletes, ski racing safety

Thu, 09/14/2017 - 11:27am -- tim

Vermont Business Magazine The 12th Annual Kelly Brush Ride powered by VBT Bicycling and Walking Vacations, drew 810 cyclists and 40 adaptive athletes who raised over $521,000 to empower those with paralysis through sport and recreation and to prevent ski racing injuries. The event was held Saturday, September 9 in Middlebury, Vermont.

Burlington teachers go on strike

Thu, 09/14/2017 - 9:50am -- tim

by Timothy McQuiston Vermont Business Magazine Members of the Burlington Education Association went on strike Thursday morning as a last-minute call by a former federal mediator and Mayor Miro Weinberger failed to find a resolution Wednesday evening. Burlington public schools were cancelled for the day for the approximate 3,600 students. The union and teachers have been at odds for more than a year, primarily over wages, health insurance and staffing levels. The board and union barely averted a strike exactly one year ago.

Efficiency Vermont hosts forums to hear from Vermonters

Thu, 09/14/2017 - 5:40am -- tim

by Karen Glitman, Director of Efficiency Vermont When people think about their local electric utility, their first thoughts are likely of poles and wires, and the electric meter on the side of their house. We think of them as energy producers: regulated businesses that provide us with reliable electricity – an enormous, complex, and critical task. For the past 17 years, however, Vermont has had a different kind of energy producer, one that doesn’t generate power at all. It saves it.

Vermont seizes climate change economic growth and resource renewal opportunities

Thu, 09/14/2017 - 3:54am -- tim

Vermont Business Magazine As national environmental protections are deregulated and challenges presented by climate change become more widely recognized, Vermont positions itself as the state where climate change and resource renewal can spark business growth and economic development. A national climate economy innovation summit held in early September in Burlington, Vermont welcomed entrepreneurs from across North America interested in building an economy in Vermont that embraces the opportunities presented by climate change challenges. Vermont is a leader in both sustaina