Current News

Vermont Business Magazine Governor Phil Scott has appointed Chris Gomez of Rutland to Vermont Housing Finance Agency (VHFA)’s Board of Commissioners. Chris Gomez is the President/CEO of Heritage Family Credit Union (HFCU), headquartered in Rutland Vermont. Heritage Family Credit Union is a VHFA participating lender offering low-cost mortgages to VHFA home buyers. It has $730 million in assets serving 50,000 members.  Prior to joining HFCU, Chris was Senior Vice President and Chief Experience Officer at Mid-Hudson Valley Federal Credit Union. Chris brings over 20 years of experience in banking and management. 

Vermont Business Magazine Vermont Federal Credit Union has announced the opening of its newest branch in the heart of Barre, Vermont. This expansion underscores the credit union's continued growth and unwavering dedication to delivering top-notch financial services to communities throughout Vermont. At the formal ribbon-cutting ceremony on April 11, 2024, Vermont Federal Credit Union also presented a check for $15,000 to Capstone Community Action, a Barre-based nonprofit organization that supports individuals and families in Central Vermont in achieving stability and rising out of poverty. Community support is crucial to Vermont Federal Credit Union's mission and vision. 

Vermont Business Magazine KeyBank (NYSE: KEY), with branches across Vermont, has earned its 11th consecutive "Outstanding" rating from the Office of the Comptroller of the Currency (OCC) on its most recent Community Reinvestment Act (CRA) exam. KeyBank has maintained a rating of "Outstanding" from the OCC for 11 consecutive review periods since the Act's passage in 1977.

Vermont Business Magazine Senator Peter Welch (D-Vermont) and Congresswoman Yvette D. Clarke (D-NY-09) are urging their colleagues to pass the bipartisan Affordable Connectivity Program Extension Act now so millions of working families and students that rely on high-speed internet can stay connected to their work and school. The bipartisan Affordable Connectivity Program Extension Act would provide $7 billion for the Affordable Connectivity Program (ACP), which provides affordable high-speed internet options to qualifying households across the U.S. Over 23 million Americans utilize the ACP, and over 3 million ACP subscribers are families with students on free or reduced lunch programs. Over 1.3 million college-aged people are enrolled in the program, and enrollees aged 18-49 represent more than half of all ACP subscribers. 

Vermont Business Magazine Lifelong advocate for justice reform and agriculture policy, a state’s attorney and Vermonter born and raised, Patrick J. Leahy now has his very own building on the Vermont Law and Graduate School campus. A ribbon-cutting ceremony held today at the school’s South Royalton campus made it official, as President Rodney A. Smolla and fellow leadership welcomed guests and dignitaries. Leahy, the former Senate president pro tempore and vice chair of appropriations, is a leader in criminal justice reform and agriculture systems — two major pillars of the VLGS education model. He played a key role in the creation of the National Center on Restorative Justice, helping secure a $3 million grant from the U.S. Department of Justice.

Vermont State Police On April 11th 2024, at approximately 0646 hours, Troopers from the Berlin Barracks and Fatal Crash Reconstruction Team and Department of Motor Vehicles responded to a two-vehicle crash on Route 100 in Moretown.  Upon arrival, both vehicles were located at an uncontrolled position off the east side of Route 100. The operator of the Subaru was pronounced dead at the scene and the sole occupant of the vehicle. The operator of the tractor trailer unit was transported to Central Vermont Medical Center. Evidence at the scene revealed Singh was traveling south on Route 100 when, for reasons still under investigation, he left his lane of travel and struck Weber’s northbound vehicle head on. Satnam Singh, 24, of Brampton, Ontario, was taken into custody on a charge of gross negligent operation with death resulting. 

Vermont Business Magazine Average gasoline prices in Vermont are $3.38/g, up 2 cents per gallon from last week, up 14 cents/g from last month and down 6 cents/g from last year. The lowest price in the state is $3.18/g in Colchester, while the highest is $3.59/g in Arlington. The national average price of gasoline has risen 5 cents per gallon in the last week, averaging $3.64/g today. In Vermont, and more so across the nation, prices are up as refiners switch to summer formulations. Also, there has been supply reductions because of maintenance on West Coast refineries.

Northeastern Vermont Development Association The LEAP Energy Fair (April 13 in Duxbury) is the largest in Vermont, and it’s completely FREE! Tour 65+ exhibits and talk to experts about heat pumps, weatherization, solar power, energy audits, electric vehicles, electric lawn tools, financing, subsidies, and much more. This family-friendly event includes a free magician show, free ice cream, free electronics recycling, children’s activities, and local food and refreshments, while you learn how to shrink energy bills and save money. Brought to you by the volunteers of Waterbury LEAP (Local Energy Action Partnership).

Vermont Business Magazine The Vermont Bond Bank is pleased to announce the successful closing in late March of nearly $15 million in Municipal Climate Recovery Fund (MCRF) loans, which will benefit 18 communities across the state. In many cases, the subsidized loan will be the first financial assistance since the immediate aftermath of the flooding. “The Bond Bank knows the financial challenges faced by Vermont’s municipalities well and we immediately began to evaluate how we could help when the disaster struck this summer. We’re thankful for our partnership and loan from the State, which allowed us to bring this program from concept to reality in only a few months,” said Bond Bank Executive Director Michael Gaughan.

Vermont Business Magazine As millions of Americans prepare to file their taxes ahead of the federal deadline on April 15, Senator Bernie Sanders (I-Vermont) on Wednesday introduced legislation to ensure that large corporations are finally required to pay their fair share. The Corporate Tax Dodging Prevention Act would stop corporations from sheltering profits in tax havens like the Cayman Islands and Luxembourg, eliminate tax breaks for companies that ship jobs overseas, and close loopholes in the tax code that allow corporations to get away with paying little to nothing in taxes. According to the Joint Committee on Taxation, closing corporate use of offshore tax havens would raise more than $1 trillion in revenue over 10 years. This legislation would also roll back the Trump corporate tax rate cut and restore the top rate to 35 percent – a move that would raise an additional $1.3 trillion over 10 years.

Vermont Business Magazine The Vermont Fish and Wildlife Board voted on April 10 to have 80 either-sex moose hunting permits and 100 antlerless moose hunting permits available this year for a hunt limited to Vermont’s Wildlife Management Unit (WMU) E in the northeastern corner of the state. The science-based hunt is expected to result in a harvest of about 94 moose, or about 10 percent of the current moose population in WMU E. Permit applications are now available on the Vermont Fish and Wildlife Department’s website. The goal of the department’s 2024 moose harvest recommendation is to improve the health of moose in WMU-E by reducing the number of moose, thereby reducing the abundance and impact of winter ticks. 

Vermont Business Magazine The Vermont Department of Corrections (DOC) and Working Fields today announced a partnership to provide vocational services, coaching, and support to individuals reentering their communities. The non-profit also connects directly with employers to facilitate hiring and boost employee retention. These services are supported by a $1.2 million Bureau of Justice Assistance Grant awarded to DOC to expand vocational training in Vermont correctional facilities. In addition to the $150,000 for the partnership between Working Fields and DOC, the remaining grant funds helped establish a correctional facility-based culinary pilot program and enhance pathways between correctional facility and community vocational services.