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Scott to kick off statewide substance use disorder workforce summit Monday

Fri, 04/14/2017 - 3:08pm -- tim

Vermont Business Magazine On Monday, April 17, Governor Phil Scott will help launch the first ever statewide substance use disorder workforce summit at Vermont Technical College. Following through on one of his campaign proposals, Scott, the State of Vermont and Vermont State Colleges are partnering to host more than 150 leaders including health care, higher education, state government, and nonprofit professionals as well as elected officials to evaluate substance use disorders in Vermont and the workforce challenges of providing treatment.

Vermont Personal Income Tax deadline is Tuesday, April 18

Fri, 04/14/2017 - 3:06pm -- tim

Vermont Business Magazine The Vermont Department of Taxes reminds taxpayers that the deadline to file Vermont personal income tax returns is Tuesday, April 18. The April 18 deadline also applies to homestead declarations, property tax adjustment claims, renter rebate claims, and applications for the extension of time to file a personal income tax return.

Weekly unemployment claims increase again

Fri, 04/14/2017 - 2:20pm -- tim

Vermont Business Magazine Weekly unemployment claims increased at a brisk rate last week for the second consecutive week. Claims were down from a year ago, as they've been most weeks this year. As expected, by industry, Services reported the most claims (67 percent of the total), as most sectors saw small increases. Services typically reports the most claims.

For the week of April 8, 2017, there were 764 claims, up 224 from the previous week's total and 195 fewer than than they were a year ago.

Vermont AG urges eligible Vermont residents to submit claims for Provigil settlement

Fri, 04/14/2017 - 1:57pm -- tim

Vermont Business Magazine Attorney General TJ Donovan urges Vermont residents to file claims on a $125 million multistate settlement that provides $35 million to consumers who paid for the brand-name drug Provigil or generic modafinil from June 24, 2006, to March 31, 2012. At the States’ request, the court extended the time to file claims on the settlement to June 25, 2017.

FairPoint upgrades broadband service in 4,500 locations throughout Vermont

Fri, 04/14/2017 - 1:21pm -- tim

Vermont Business Magazine FairPoint Communications announced today the completion of broadband expansion projects in 25 Vermont towns that extend and enhance FairPoint’s approximately 18,000 mile fiber optic network, which is the largest, fully-owned and managed fiber-based network in northern New England. As a result of these completed projects, improved broadband speeds are available to more than 4,500 locations throughout Vermont. In Williston, more than 375 locations have been impacted – providing broadband service to some locations for first time.

Jay Peak EB-5 settlement with Raymond James

Thu, 04/13/2017 - 7:49pm -- tim

US District Court, Southern District of Florida This Settlement Agreement and Release (the “Agreement”) is entered into by and among Michael I. Goldberg, in his capacity as receiver (the “Receiver”) for the entities identified on Schedule A to this Agreement (collectively, the “Receivership Entities”), Thomas A. Tucker Ronzetti, Harley S. Tropin, and Kozyak Tropin & Throckmorton, LLP, as interim class counsel (“Class Counsel”) on behalf of the plaintiffs in the Investor Class Action (as defined below), and Raymond James & Associates, Inc. (“Raymond James”). (The Receiver, Class Counsel, and Raymond James shall each be referred to as a “Party” and shall collectively be referred to as the “Parties.”)

$150 million settlement reached to reimburse Jay Peak and Burke Mountain creditors

Thu, 04/13/2017 - 7:00pm -- tim

Vermont Business Magazine All the creditors, immigrant investors, contractors and vendors who were caught up in the massive fraud in the Jay Peak EB-5 case will be made whole "100 cents on every dollar they were owed." Governor Phil Scott, Vermont Department of Financial Regulation Commissioner Michael Pieciak and Jay Peak Receiver Michael Goldberg this evening announced a $150 million settlement agreement with financial firm Raymond James Financial, Inc, over its role in the alleged fraud relating to EB-5 projects in Vermont’s Northeast Kingdom.

Development dollars for underserved businesses to be distributed in Northeast Kingdom

Thu, 04/13/2017 - 3:28pm -- tim

Vermont Business Magazine Evolving small businesses and start-ups in the Northeast Kingdom may now access new sources of business loan funds. The loans will be made from self-replenishing pools of money from the Town of Jay, where new loans are capitalized by the interest and principal payments from existing loans. Backing will be directed to small entrepreneurs who otherwise may not qualify for traditional financing due to lack of credit or collateral.

Bill McKibben: The implacable enemy is physics

Thu, 04/13/2017 - 11:49am -- tim

by Joyce Marcel, Vermont Business Magazine William Ernest McKibben, 56, sits in the eye of the hurricane of climate change, trying to save the world from the danger in which it finds itself. You’d think that after the recent presidential election, where climate change deniers took over the levers of power, this renowned environmentalist, lecturer, author, journalist, the Schumann Distinguished Scholar in Environmental Studies at Middlebury College, Ripton resident, cross-country skier and co-founder of the climate change organization, would be hiding in bed with his head covered by quilts. Or at the very least, he would have lost his sense of humor.

McClaughry: Putting 'Climate Change' into Act 250

Thu, 04/13/2017 - 11:25am -- tim

by John McClaughry Act 250, Vermont’s landmark land use and environmental control act of 1970, is coming up on its 50th anniversary, and the people who promoted it then have a lot more of the same in store for us. The organization that went all out to pass Act 250 is the Vermont Natural Resources Council (VNRC). Its present leadership is urging the passage of a bill to create a “Commission on Act 250: The Next 50 Years” (H.424). It passed the House on March 31 without any recorded vote.

Nearly 3,000 acres protected in Rutland County

Thu, 04/13/2017 - 10:37am -- tim

Vermont Business Magazine Vermont Fish & Wildlife Department recently added nearly 3,000 acres to Bird Mountain Wildlife Management Area in Ira and Poultney, bringing the total publicly-conserved area to more than 3,600 acres. This is the largest addition to a Vermont wildlife management area in more than a decade. The wildlife management area includes the iconic Bird's Eye Mountain, a well-known nesting site and habitat for peregrine falcons, as well as the surrounding lands.

Leahy, Sanders join in reintroducing bill to simplify tax filing

Thu, 04/13/2017 - 6:01am -- tim

Vermont Business Magazine Vermont’s US Senators Patrick Leahy (D) and Bernie Sanders (I) have joined Senator Elizabeth Warren (D-MA) and others in announcing that they will reintroduce the Tax Filing Simplification Act of 2017 to simplify and decrease the costs of the tax filing process for millions of American taxpayers. This year taxpayers will spend an average of 13 hours preparing and filing their returns, and will pay $200 for tax preparation services -- a cost equal to almost 10 percent of the average federal tax refund.