Vermont Business Magazine Weekly unemployment claims in Vermont fell to their lowest level in memory last week. There were 309 new, regular benefit claims for Unemployment Insurance in Vermont, a decrease of 37 from the previous week's total and 89 fewer than they were a year ago. Generally, claims have been running below last year's totals. Total claims were down in most regions of the state. By industry, claims fell in manufacturing but otherwise held steady with very low total. As has been the trend, Services led all categories with 48 percent of all claims.
Vermont Business Magazine Vermont continues to see brisk home sales, including the region's highest increase, but prices have not seen the same supply-and-demand effect, with the median price down nearly 7 percent. Median home price slipped below $200,000 to second lowest in the region behind only Maine. Overall in New England, the summer residential market in New England remained strong throughout August, with all six states seeing growth in sales year-over-year.
Vermont Business Magazine Washington Monthly has named College of St Joseph as a top 100 “Best Bang for the Buck” College in the Northeast region. Since its inception in 2011, the magazine’s annual list has independently ranked colleges from around the nation that are the best value for students’ money. The list placed CSJ at 57 out of 402 schools in the Northeast, and CSJ was one of just two Vermont colleges to make the top 100.
by Brian Dubie What do you think of when you think of an industrial wind project? Wind developers want you to think of free, green electricity. People who live near industrial wind turbines think of noise. Let's see why. An Industrial Wind project in Swanton proposes to install seven 499-foot tall wind turbines along 6,000 feet of Rocky Ridge (elevation 323 feet). We don’t know what turbine model the developer is considering, so let’s look at the GE 2.75-120 Wind Turbine.
Vermont Business Magazine Five towns in the Rutland Region successfully secured funding through the Vermont Bicycle and Pedestrian Program for scoping studies and construction.
Vermont Business Magazine PeakCM Construction has been named a Grand Prize winner of Wolverine’s Project Bootstrap. The nationwide contest run by the premiere work footwear manufacturer asked construction workers to nominate job sites that used creative construction techniques, adhered to rigorous safety protocols, and had a positive impact on its workers and surrounding community. More than 500 nominations were submitted from 25 states. Winooski-based PeakCM won one of only three Grand Prizes, a Site Crash from the Wolverine team.
Vermont State Police On August 20, 2015, Passumpsic Bank Officials from the St Johnsbury Center Branch reported to the Vermont State Police that an employee, Janet Katalina, embezzled money from the Bank’s own accounts (not a customer’s account). Katalina held the position of Accounting Analyst and Payroll Specialist. Katalina was terminated from the bank on August 19, 2015.
Vermont Business Magazine The University of Vermont Medical Center and the University of Vermont Medical Group recently announced the appointment of Rick Vincent to the position of vice president, Finance, and chief financial officer. The University of Vermont Medical Group includes approximately 600 physicians who are jointly employed by the medical center and the University of Vermont College of Medicine.
Vermont Business Magazine Attorney General William Sorrell has opened an investigation into the disclosure by Volkswagen that some of its diesel vehicles carried software designed to produce false emissions test results – violating clear air regulations and deceiving consumers. Attorney General Sorrell said that, “Volkswagen should be held accountable for any evasion of environmental laws and emissions standards, deception of consumers, and violation of the public trust.”
by Adam Grinold, Executive Director, Brattleboro Development Credit Corporation On October 6, Southern Vermont will host the Vermont Council on Rural Development’s Regional Public Forum on Advancing Vermont’s Climate Change Economy. It takes place at the Latchis Theater from 7-9pm. I encourage everyone to participate in this timely discussion which will directly impact the recommendations that will be presented to the Governor and Legislature in February.
by Mike Faher/The Commons, Brattleboro In a town hit hard by the shutdown of Vermont Yankee, officials say a natural-gas plant — with development costs estimated at $750 million — may be in the works. The optimism in Vernon is carefully qualified, however. For one thing, the plant is far from a sure bet, and it’s not yet been disclosed which sites are under consideration. Also, there have been a few recent hints of opposition from the general public, though the town government has been generally supportive of the concept so far.
Vermont Business Magazine Governor Peter Shumlin today joined with the Vermont Department of Labor (VDOL) to highlight survey results focused on the perception of Vermont’s economy and job market by recent graduates and incoming seniors at St Michael’s College in Colchester. One concerning finding from the survey is that almost 40 percent of students who left or plan to leave Vermont following graduation cited a “reported lack of job availability,” contradicting the fact that Vermont has thousands of job openings and the nation’s fourth lowest unemployment rate.