Current News

The Addison County Economic Development Corporation is promoting many Federal and State resources currently available to Vermont businesses and organizations. This includes the Short Term Forgivable Loan Program application is open to all business sectors. Businesses with fewer than 500 employees, operating since March 13, 2020, and suffering economic harm from COVID-19 may apply. As of November 1, 2022, the program is open to all business sectors.

Vermont Business Magazine We may be just a few weeks into 2023, but Ben & Jerry's is already giving its fans a reason to break their New Year resolutions and indulge with a duo of delicious ice cream innovations. The Vermont-based dessert maker announced it is adding two more flavors, Bossin' Cream Pie and Raspberry Cheesecake, to their fan favorite collection of Topped offerings. These flavor-packed pints, complete with decadent top layers of chocolatey ganache, have dazzled fans since launching in 2021.

Ben & Jerry's Homemade Inc We’ve done the math, licked our spoons clean, and calculated the results. Check out the top 10 Ben & Jerry’s flavors of the year and see if your favorite made the list.

Public Assets Institute In his January 5 Inaugural Address Governor Phil Scott talked about the economic disparities between Vermont communities and the need to level the playing field. December’s unemployment rates highlight the challenges of doing so. Overall, Vermont’s jobless rate ranked among the best in the country—tied for sixth lowest. But the rate in Orleans County was two and half times the rate in Chittenden County—5 percent versus 2 percent. Jobs were also unequally distributed. The Vermont Department of Labor pointed out Tuesday that 90 percent of the new positions created in 2022 were in the greater Burlington area.

by Timothy McQuiston, Vermont Business Magazine Today, the Vermont Department of Labor released data on the Vermont economy for the time period covering December 2022. According to household data, the seasonally adjusted statewide unemployment rate for December was 2.6 percent. This reflects an increase of one-tenth of one percentage point from the prior month’s revised estimate. The civilian labor force participation rate was 61.8 percent in December, up one-tenth of one percentage point from the prior month. The comparable United States rate in December was 3.5 percent, a decrease of one-tenth of one percentage point from the revised November estimate. Vermont is tied for the 6th lowest rate in the nation.

Vermont Business Magazine Vermonters who need to remove firearms from their homes now have access to a renewed program that provides safe storage at sites statewide, the Vermont State Police and the Vermont Attorney General’s Office announced today. Under the Firearms Storage Program, eight federally licensed firearms dealers in the state have signed up to accept firearms for temporary storage due to a protection order or for other safekeeping reasons. People may need to access safe firearms storage sites either due to a court order, or for other reasons such as travel, the presence of young children, mental health concerns, and more.

The Vermont Attorney General’s Office announced today that Joshua Douglas, 34, of Hartland, Vermont, was arraigned yesterday on six felony and four misdemeanor counts of Possession of Child Sexual Abuse Material. The charges brought against Mr. Douglas are the result of a criminal investigation, including the execution of residential and online data search warrants conducted by the Vermont Internet Crimes Against Children Task Force (VT-ICAC), including personnel from the Attorney General’s Office, New Hampshire Internet Crimes Against Children Task Force, Homeland Security Investigations, Vermont State Police, and with the assistance of the Hartford Police Department and Orange County Sheriff’s Department.

Vermont Business Magazine Representative Brian Cina is introducing a bill to implement publicly financed universal health care starting with primary care and mental health. Over 40 House members have enthusiastically signed on as co-sponsors so far. Senator Chris Bray will introduce a companion bill in the Senate.

by Sascha Mayer As a women-owned, Certified B-Corporation that designs free-standing lactation suites for parents to pump or nurse in private, our business model was largely informed by our personal experiences and challenges as working moms – and, by extension, our families. Since our founding back in 2013, Mamava has strived to create a workplace that not only celebrates the gifts our employees bring to the company but also ensures that they feel safe and supported both inside and outside of the office – that’s why we provide paid family and medical leave (PFML) to our employees and are proud to be strong advocates for a universal, mandatory paid family and medical leave program here in Vermont. Over the years, PFML has proven to be an invaluable staff recruitment and retention tool for our business.

Vermont Business Magazine NBT Bancorp Inc (NASDAQ: NBTB), the parent company of NBT Bank with branches in Vermont, reported net income and diluted earnings per share for the quarter and year ended December 31, 2022. Net income for the year ended December 31, 2022, was $152.0 million, or $3.52 per diluted common share, compared to $154.9 million, or $3.54 per diluted share, in the prior year.

Vermont Business Magazine On Wednesday, January 25, the Vermont Supreme Court will hear a case challenging the State’s withholding of information about public records pertaining to oversight of the EB-5 Foreign Investor Program, which led to the largest financial fraud in Vermont history. The Vermont Journalism Trust (VJT), which operates VTDigger, filed a lawsuit in 2020 against the Agency of Commerce and Community Development seeking records that would show why the State allowed Jay Peak developers to continue signing up investors for EB-5 projects after potential fraud was flagged nearly a decade earlier. Though a trial court ordered the State to turn over certain records to VJT in 2021, the State refused to say which records it is not providing, in clear violation of the public records statute.