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UVM research shows promise in improving crops with use of wild relatives

Thu, 02/15/2018 - 5:18am -- tim

Vermont Business Magazine Perhaps you missed the news that the price of hummus has spiked in Great Britain. The cause, as the New York Times reported on February 8: drought in India, resulting in a poor harvest of chickpeas. Far beyond making dips for pita bread, chickpeas are a legume of life-and-death importance—especially in India, Pakistan, and Ethiopia where 1 in 5 of the world’s people depend on them as their primary source of protein.

Community Bank NA reaches $17,500 WARMTH Goal

Thu, 02/15/2018 - 3:43am -- tim

Vermont Business Magazine Community Bank NA recently presented Champlain Valley Office of Economic Opportunity with a $17,500 donation as part of a challenge grant pledged in December. The bank partnered with CVOEO to raise money for the organization’s WARMTH program by matching WARMTH donations dollar for dollar during December, up to a total of $17,500.

Phil Scott named state co-chair of Northern Border Regional Commission

Wed, 02/14/2018 - 7:08pm -- tim

Vermont Business Magazine Governor Phil Scott and Northern Border Regional Commission (NBRC) Federal Co-Chair Mark Scarano were in Newport Wednesday to announce that Scott will serve as the Commission’s first state co-chair. Created in 2008, NBRC is a federal-state partnership with a mission to help alleviate economic distress and encourage private-sector job creation throughout the northern counties of Maine, New Hampshire, Vermont and New York.

Student entrepreneurs compete for cash at LaunchVT Collegiate

Wed, 02/14/2018 - 4:45pm -- tim

Vermont Business Magazine LaunchVT will hold its third annual LaunchVT Collegiate final pitch competition this Thursday at the University of Vermont in Burlington, Vermont. Teams of student entrepreneurs from six Vermont schools will battle it out for thousands of dollars in cash prizes and a spot in the 2018 LaunchVT cohort.  The LaunchVT Collegiate final pitch competition will be held on Thursday, February 15th beginning at 4pm in the Livack Ballroom at the UVM Davis Center.

Vermont hospitals hold system-wide growth to 2.8 percent

Wed, 02/14/2018 - 4:33pm -- tim

Vermont Business Magazine The Green Mountain Care Board (GMCB) today released financial performance information for the state’s not-for-profit hospitals as part of their annual budget review process. From 2016 to 2017, Vermont’s hospitals contained growth in net patient revenue to just 2.8 percent, significantly lower than annual increases of nearly 9 percent a decade ago. Net patient revenue targets are set by the GMCB each year and account for revenue hospitals collect from delivery of patient care before accounting for any expenses.

Vermont nets $60 million in job-creating federal tax credits

Wed, 02/14/2018 - 4:01pm -- tim

Vermont Business Magazine Senator Patrick Leahy (D), Senator Bernie Sanders (I) and Representative Peter Welch (D) Wednesday announced that Vermont Rural Ventures will receive $60 million in federal tax credits to spur economic development projects throughout the state. Congress established the New Markets Tax Credit (NMTC) Program in 2000 to spur private investment in economic development projects in communities with high poverty and high unemployment.

Sanders lauds continuation of affordable housing funding

Wed, 02/14/2018 - 3:28pm -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont), a national leader in efforts to increase affordable housing, welcomed a decision by Federal Housing Finance Agency Director Mel Watt to continue funding for the National Housing Trust Fund – which provides hundreds of millions of dollars each year to expand affordable rental housing nationwide. Sanders said he was cautiously optimistic that Vermont will again receive $3 million this year.

Vermont hospitals launch ‘A Healthier State House’ competition

Wed, 02/14/2018 - 12:07pm -- tim

Vermont Business Magazine Vermont legislators, State House staff, lobbyists, and the Scott Administration are being challenged to a dose of healthy competition. The Vermont Association of Hospitals and Health Systems (VAHHS) has teamed up with Rise VT to give lawmakers and elected officials a hands-on experience of what is happening at hospitals around the state where greater investments in primary prevention and wellness and a focus on population health are helping more Vermonters get and stay healthy. 

Scott proclaims February 14 as Recovery Day in Vermont

Wed, 02/14/2018 - 11:39am -- tim

Vermont Business Magazine Governor Phil Scott signed a proclamation Wednesday, declaring February 14 as Recovery Day in Vermont. This designation recognizes the importance of substance use disorder recovery programs, and their critical role in addressing the opioid epidemic. “The opioid crisis is one of the biggest challenges facing Vermont today,” said Scott.

Castleton University releases new graduate tuition rate

Wed, 02/14/2018 - 10:47am -- tim

Vermont Business Magazine Castleton University graduate students will see a reduction in price beginning this summer. Castleton will move to offer all graduate programs at the same rate, regardless of the student’s residency or the program’s delivery model, the university announced today. “Aligning our tuition to one lower rate for our graduate students allows us to serve a broader range of students pursuing master’s degrees,” President Karen M. Scolforo said.

Commentary: Expanding the labor force is essential

Wed, 02/14/2018 - 10:39am -- tim

by Sarah Buxton and Dustin Degree In April 2009, there were 361,200 people in Vermont’s labor force – an all-time high. Today we have 15,540 fewer workers. If nothing changes, in about 7 years there could be one working Vermonter for each person who is not in the labor force. If you exclude the Burlington area, we’re about four years away from this reality.