Current News

Vermont Business Magazine After three months of intense focus, camaraderie and both virtual and in-person learning, The DeltaClimeVT Energy 2024 climate economy business accelerator announces Rock Rabbit as the peer-selected winner. Among other awardees was ElecGrid, which is a startup based in Newport, Vermont, that is helping electric utilities to more efficiently manage resources in their day-to-day field maintenance of infrastructure and when responding to disasters that impact the electrical grid. Fifteen entrepreneurs from eight start-ups focused on reducing greenhouse gas emissions by enabling the acceleration of electrification graduated from the DeltaClimeVT Energy 2024 climate economy business accelerator during an awards ceremony June 13. At the event, each company presented their final pitch and shared their plans to scale their start-up companies. 

Vermont Business Magazine State Treasurer Mike Pieciak announced today that Vermont’s credit ratings were affirmed by the major credit rating agencies, S&P Global Ratings (AA+), Fitch Ratings (AA+), and Moody’s (Aa1). Leveraging this fiscal strength, Pieciak and his office successfully refinanced outstanding higher-interest bonds, resulting in savings of approximately $3.7 million. The ratings reaffirmed that Vermont’s financial outlook is stable, as the state earned the second highest ratings that an entity can receive. The ratings will ensure that borrowing costs for state projects remain modest, reducing costs to Vermont taxpayers. After receiving the updated credit ratings, the state issued two sets of bonds, including over $70 million of Series A bonds which generated over $77 million for new capital projects. Over $36 million of Series B bonds were also issued to refinance bonds from 2014. 

Vermont Business Magazine The Agency of Human Services (AHS) announced today the appointment of Brendan Krause as the new Director of Health Care Reform. Krause brings a wealth of experience in health systems and policy, with a distinguished career spanning government roles and health technology. Most recently, Brendan served as Head of International for Health at Uber, where he worked directly with global health systems to eliminate transportation barriers to health care access. Prior to his role at Uber, he spent 12 years at Optum, collaborating with the United Kingdom’s National Health Service to enhance population health management. 

Vermont Business Magazine The Vermont Community Broadband Board (VCBB) on May 13 awarded Northwest Vermont Communications Union District d/b/a Northwest Fiberworx (NWFX) a $20.2 million ARPA grant that will allow the Franklin/Grand Isle County company to begin building out a fiber internet network. Northwest Fiberworx is a nonprofit special purpose municipality that has 22 member towns as part of its communications union district that will benefit from this build. The communities in Franklin & Grand Isle Counties of Vermont that NWFX represents are, Alburgh, Bakersfield, Berkshire, Enosburgh, Fairfield, Franklin, Fairfax, Georgia, Grand Isle, Highgate, Isle la Motte, Milton, Montgomery, North Hero, Richford, Saint Albans Town, Sheldon, South Hero, Swanton, Village of Alburgh, Village of Enosburg Falls and Village of Swanton. 

Vermont Business Magazine Average gasoline prices in Vermont are $3.39 per gallon, down 6.2 cents per gallon from last week's $3.45/g. The lowest price in the state yesterday was $3.19/g while the highest was $3.79/g, a difference of 60.0 cents per gallon. The national average price of gasoline has risen 0.3 cents per gallon in the last week, averaging $3.41/g today.

Agency of Agriculture, Food & Markets Interest in growing specialty mushrooms, such as oyster, shiitake, and lion’s mane, is on the rise. With this increasing popularity, there also comes a need for resources on how to maintain crop quality while minimizing food safety risks. A recent article from the Vermont Produce Program shares information and resources related to produce safety for all mushroom growers. Specialty mushroom growers should be aware that while they don’t require a license from the Vermont Agency of Agriculture, Food & Markets to begin growing, mushroom operations are considered “produce farms” that may need to comply with federal food safety standards called the Food Safety Modernization Act (FSMA) Produce Safety Rule. 

Vermont Business Magazine The Center for Biological Diversity, the Humane Society of the United States and the Humane Society Legislative Fund filed a legal petition today asking the U.S. Department of Agriculture to improve public transparency and oversight over the inspection and regulation of slaughterhouses and egg-processing operations. The petitioners are represented in this matter by Vermont Law and Graduate School’s Farmed Animal Advocacy Clinic. The Food Safety and Inspection Service of the USDA, the agency tasked with inspecting and regulating several aspects of meat, poultry and egg processing operations at approximately 800 federally inspected livestock slaughterhouses across the United States, has long been shielded from the public disclosure and environmental review requirements of the National Environmental Policy Act. The petition seeks to remove that exemption and properly require the agency to analyze the environmental impacts of its decisions related to its oversight of these operations.  

Vermont Agency of Transportation This weekly report is a list of planned construction activities that will impact traffic on state highways and interstates throughout Vermont for the week of June 24. Please remember to drive safely in all work zones. Lives depend on it. 

Vermont Business Magazine On Saturday, June 29, 2024 Camp Ta-Kum-Ta will be celebrating 40 years, by holding a Black Tie Gala at the DoubleTree in Burlington, VT. Since 1984, Camp Ta-Kum-Ta has provided exceptional experiences for children and families impacted by childhood cancer. In that time, Camp has grown from a one-week summer program for children who have or have had cancer into a year-round camp for families impacted by childhood cancer. In addition to expanding our programs over the years, Camp has also been able to build a beautiful world-class facility in South Hero, VT. None of this would be possible without the incredible Camp Ta-Kum-Ta community of families, volunteers and donors. There is much to celebrate!

Vermont Business Magazine On Monday, June 24, Senator Peter Welch (D-Vermont) will join Amtrak and members of the community for a groundbreaking ceremony to inaugurate the start of construction for a new Brattleboro Station, including a newly constructed and the state’s first-ever level platform. The new Brattleboro Station will be home to Vermont’s first level platform. It will be 345-feet long, 48 inches above the top of the rail, and have a new electric snow melt system, lighting, railings, detectable warning edge and signage. 

Vermont Business Magazine The Champlain Valley Exposition, a Vermont institution, along with its community partner Higher Ground, is working to bring more music to Essex Junction, with an ultimate goal of revamping the grandstand and growing its appeal as a venue. The announcement comes in tandem with the news of a benefit concert in September, featuring Strafford native Noah Kahan on the Midway Lawn. All proceeds from the event will go to Kahan’s mental health charity, The Busyhead Project. Representatives from the Champlain Valley Expo will ask the Essex Junction City Council on June 26 to approve 15 additional sound waivers. The community was invited to a forum on June 18 to learn more in advance of this. 

Vermont Business Magazine LittlePatakha, a Vermont based children’s brand and prominent advocate for inclusive early childhood education, introduces the "Vermont for Little Vermonters" initiative. This corporate sponsorship program is designed to support public elementary schools across Vermont and provide them with inclusivity-themed educational products created by Little Patakha. The program allows large and small businesses the opportunity to invest in their local communities and ensure that every child has access to essential resources. Having successfully completed a similar initiative this year in the Denver Public Schools system in Colorado with corporate partners, Nayak is confident they can do the same in Vermont.