Current News

Vermont Business Magazine New England Federal Credit Union (NEFCU) announced today the launch of a three-year, $6 million campaign to address the affordable housing crisis in Vermont. The NEFCU initiative will include three separate programs. One, in partnership with the Vermont Housing Finance Agency (VHFA), will devote $3 million to affordable homeownership and multi-family rental projects. The second, with Champlain Housing Trust (CHT), will commit $3 million to advance BIPOC homeownership. The third will be NEFCU’s own Home Ownership Made Easier (HOME) program to help first-time homebuyers struggling with affordability.

Vermont Business Magazine The US Senate Thursday passed the Leahy Amendment to fund the government by continuing resolution through December 3rd with a strong bipartisan vote of 65 to 35. As Chairman of the Senate Appropriations Committee, Senator Patrick Leahy (D-Vt.) was the chief architect of the legislation to stave off a government shutdown that would have taken effect at midnight tonight (Thursday). In addition to funding the government through December 3rd, the Leahy Amendment provides $28 billion to address recent natural disasters around the country, and provides crucial assistance to support Afghan refugees and America’s Afghan partners.

Vermont Business Magazine The Vermont Captive Insurance Association (VCIA) today announced that Richard Smith, President of the Association since 2009, has decided to step down from his post at the beginning of 2022. Smith expressed a desire to complete his tenure with VCIA in order to create space for new VCIA leadership to further advance the organization’s goals and serve its members. Though he has not detailed specific plans for the next chapter of his own career, he indicates he may pursue things closer to his own Vermont community.

Vermont Business Magazine Today, Speaker of the House Jill Krowinski and Senate President Pro Tem Becca Balint announced that they will make a public apology on behalf of the legislature for Vermont’s state-sanctioned eugenics program on Saturday, October 16th at 3 pm on the State House steps in Montpelier, Vermont. “This past session we passed J.R.H.2, a resolution formally and sincerely apologizing to all individual Vermonters, their families, descendants, and communities who were harmed as a result of State-sanctioned eugenics policies and practices."

Vermont Business Magazine Governor Phil Scott today announced funding to support 28 rehabilitation and revitalization projects in 22 of Vermont’s designated downtown and village centers. These awards will help generate over $83 million in building improvements and public infrastructure to support local businesses, create new housing opportunities and incentivize investments that will improve the resiliency and vitality of Vermont’s community centers.

Vermont Business Magazine The High Meadows Fund, the Vermont Community Foundation, and the Vermont Land Trust today announced a $6 million leadership gift to diversify farm ownership, accelerate the economic viability of farming, and advance natural climate solutions and ecological health on Vermont farms. $2 million of this gift will seed the creation of a new fund to expand land ownership and access among people who have been historically marginalized or oppressed based on their race or ethnicity. This is the largest gift of its kind ever made in Vermont.

Vermont Business Magazine Vermont's Agency of Agriculture, Food and Markets partnered with the Atlantic Corporation in 2020 and 2021 to deliver critical market assessment and business planning tools and information to benefit the Vermont maple syrup industry. Atlantic administered a multi-state consumer survey of product attitudes, preferences, and availability resulting in a final report and data dashboards outlining the market opportunities for Vermont maple syrup focusing on new distribution channels, key trends in consumer demand, innovations in value-added products, and other topics.

Vermont Business Magazine The non-partisan Vermont Council on Rural Development released the newly revised Vermont Proposition today while announcing the Future of Vermont Action Team to steer the effort and launching the Future of Vermont Partnership to support the work. The Proposition is a platform for common action to advance a prosperous and resilient future that works for everyone in Vermont. It captures the themes VCRD hears in towns across the state — renew our rural vitality, advance equity, fairness and opportunities for all, protect and enhance our environment and working landscape, and build the sustainable economy necessary for a thriving Vermont.

Vermont Business Magazine President Biden announced on Tuesday nine nominees to serve as US Attorneys across the country, including Nikolas P Kerest as the US Attorney nominee for the District of Vermont. If confirmed by the Senate, Kerest would fill the position previously held by Christina Nolan, who was nominated by President Trump. These positions typically change hands with a new administration. Biden said these officials will be indispensable to upholding the rule of law as the top federal law enforcement officials for their districts.

Vermont Business Magazine The Board of Trustees of the Vermont State Colleges System (VSCS) on Wednesday evening approved the name Vermont State University for the one new university unifying Castleton University, Northern Vermont University, and Vermont Technical College. They will continue to have separate campuses. The rebranding will occur in 2023. Community College of Vermont, the other VSCS institution, will retain its name.

Vermont Business Magazine US Senator Bernie Sanders (I-Vermont) announced today that Vermont’s 11 federally qualified health centers will receive over $6.9 million in funding from the American Rescue Plan, which became law in March, to support major health care construction and renovation projects, including COVID-19 testing, treatment, and vaccination infrastructure projects. These awards are particularly important because while federal funding for health center construction and renovation is typically extremely limited, it is critically necessary to ensuring community health center facilities can keep pace with the needs of patients and demand for services.

Vermont Business Magazine The Vermont Agency of Agriculture, Food and Markets and Vermont Department of Tourism and Marketing, along with several partners, are bringing together the maple industry, specialty products, and maple-inspired activities in a statewide campaign offering visitors and Vermonters alike the chance to rediscover favorite Vermont maple snacks, treats and local products, as well as discover new ways to enjoy Vermont's sweetest treat.