Current News

by tim

Vermont Business Magazine As detailed in Governor Phil Scotts recent order, signed on Friday, the Vermont Occupational Safety and Health Agency (VOSHA) has developed training and other materials to inform Vermonters on appropriate safety measures necessary to return to work amid the COVID-19 pandemic. Training and other materials were developed in conjunction with the Vermont Department of Health and the Agency of Commerce and Community Development.

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Vermont Business Magazine The Vermont Department of Health is reporting today that there are eight new cases of the novel coronavirus (COVID-19) in Vermont for a statewide total of 851. There were no deaths since Saturday's report, leaving the total at 46. Total hospitalizations were down three to 34. There are over 300 hospital beds set aside for COVID-19 statewide, with over 800 available in case of a surge. New modeling presented Friday indicates that Vermont will not reach even the previous best case scenarios for hospitalizations, ICU or ventilation needs.

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Vermont Business Magazine People's United Financial, Inc (NASDAQ: PBCT) thas reported results for the first quarter 2020: Operating Earnings of $0.33 per Common Share; Announced initiatives to support individuals, businesses and communities affected by COVID-19, including $3.5 million in charitable support; Accepted approximately 11,000 applications as part of the CARES Act Paycheck Protection Program, of which over 9,600 loans totaling more than $2.1 billion have been submitted to the SBA and approved as of April 21st; Sustained excellent asset quality as evidenced by net loan charge-offs to average total loans of 10 basis points and a provision of $33.5 million, which reflects the application of CECL and the impact of COVID-19; Successfully completed the core system conversion and full integration for United Bank at the beginning of April.

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Vermont Business Magazine Arts and humanities organizations in Vermont facing hardship due to the COVID-19 pandemic can now apply for emergency relief funding through a new partnership between the Vermont Arts Council and Vermont Humanities. The new COVID-19 Cultural Relief Grant Program is seeded with more than $700,000 from the National Endowment for the Arts (NEA) and the National Endowment for the Humanities (NEH) through the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020.

by katie

by NextUp Editor Becky Hayes Kat Wright is the lead singer for her big, bluesy, soul band Kat Wright & the Indomitable Soul Band. With a lineup of great New England musicians her music features bass, drums, percussion, guitar, organ, trumpet, trombone and alto sax.

by katie

by NextUp Editor Becky Hayes Twiddle is comprised of lead singer and guitar player Mihali Savoulidis, keys and organ player Ryan Dempsey, percussionist Brook Jordan and bassist Zdenek Gubb. Currently on tour, this Vermont quartet plays multi-genre music mixing jazz, classical, bluegrass and a blend of reggae and funk.

by katie

by NextUp Editor Becky Hayes Dwight Ritcher and Nicole Nelson are an American roots act based out of Boston/ NYC and currently living in Burlington, Vt.

by tim

Vermont Senator Bernie Sanders While the federal stimulus law (the CARES Act) contains a number of provisions to keep families in their homes and help them pay rent, it does not go nearly far enough. The law puts a moratorium on foreclosures and evictions while also providing mortgage forbearance for homeowners with federally-backed mortgages. It also includes a moratorium on evictions for properties receiving any federal assistance. However, this does not provide relief for millions of Americans.

by tim

Vermont Business Magazine The Vermont Department of Health reported today that there were 843 cases of COVID-19, the illness caused by the novel coronavirus. This is an increase of 16 cases from Friday's report. There were two more deaths for a total of 46 statewide. And there were 5 more hospitalized for a total of 37. The modeling presented in Governor Scott's media briefing Friday indicated that Vermont is still doing better than the previous best-case scenarios. The state is still maintaining strict adherence to the governor's emergency "Stay Safe, Stay Home" order.

by tim

Vermont Business Magazine At his afternoon briefing on Friday, Mayor Miro Weinberger announced that, in consultation with the City Council and Police Commission, he has decided to suspend the search for a new Chief of Police for one year. This follows a search process to date that included soliciting input on the job description in January, posting the position publicly in February and receiving applications, and preparing to assemble a search committee in early March when the coronavirus hit.

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Leonine Public Affairs The legislature will need to reconvene (in the event they’ve been able to recess) in August to address the FY2021 budget for the remainder of the fiscal year. With this year’s tax filing deadline being pushed back to July 15 lawmakers will not know how much revenue they have to work with until that time. They will undoubtedly also have to consider other fiscal issues, like the appropriation of additional stimulus dollars, school funding and other developments relating to health and the economy.

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Agency of Commerce & Community Development On Monday, April 27th at 10 am, ACCD will host an introductory webinar for municipal leaders to discuss the tools currently available (and what tools are being considered by the state) to help towns access financing that bridges expected revenue gaps due to the COVID-19 pandemic. The Vermont District SBA Office is conducting free daily webinars, Monday thru Friday at 9 am, to discuss SBA’s Paycheck Protection Program and the Economic Injury Disaster Loan and Advance.