Current News

Vermont Business Magazine The Small Business Administration supported $44,780,792 in loans to Vermont small businesses from October 1, 2017, to September 30, 2018, the US federal government’s fiscal year. Vermont increased its loan amount by 11 percent compared to fiscal year 2017 when it guaranteed $40,341,365 million in loans. Of that 16 percent supported Vermont beer, spirits and cider.

“An upward trend is always a good sign. Increasing our loans by a few million dollars may not seem like a lot, but when there are scores of Vermont entrepreneurs needing $10,000 or $25,000 in capital, an additional $4 million in lending can have a significant impact,” said Darcy Carter, SBA Vermont District Director.

Barrels of Stonecutter stand ready for action. Courtesy photo.

Vermont Business Magazine The Vermont Department of Taxes is reminding Vermonters that the last date to file a Property Tax Adjustment or Renter Rebate Claim is October 15, 2018. Personal Income Tax Returns filed on extension, as well as several corporate tax types are also due. The Vermont Property Tax Adjustment and Renter Rebate programs assist in making housing more affordable for thousands of Vermonters. These programs provide over $180 million in assistance to Vermonters annually.

All Vermont homestead owners must file a Homestead Declaration using Vermont Form HS-122 every year even if they are not seeking an income-based property tax adjustment. If you file a Homestead Declaration after Oct. 15, your property will be classified as non-homestead or nonresidental. You will be charged the higher of the two rates, assessed a penalty, and must pay any additional property tax and interest due.

Vermont Business Magazine US Senators Patrick Leahy (D-Vermont) and Jeanne Shaheen (D-NH) Thursday afternoon issued the following statements after their legislation to support small businesses with National Guard and military reservists unanimously passed the Senate Small Business Committee. The National Guard and Reserve Entrepreneurship Act will assist small businesses when essential employees, including small business owners, are called up as part of National Guard or Reservist duties by improving existing loan and deferral programs of the Small Business Administration (SBA) and making them more accessible.

Vermont Business Magazine Senator Bernie Sanders (I-Vermont) introduced legislation on Thursday to provide much-needed emergency relief to dairy farmers in Vermont and throughout the United States. Vermont’s dairy farmers are struggling to survive. The price they get for their milk has been below the cost of production for four years in a row. Since 2014, dairy prices have fallen from $25 per hundredweight to less than $16. That’s less than farmers received in 1989.

Not surprisingly, Vermont has already lost more than 65 dairy farms this year alone and about one-third of its dairy farms in the last decade. Today, there are just 709 active dairy farms left in Vermont.

by Timothy McQuiston, Vermont Business Tuberculosis is still a global problem. Another problem is that it can visually mimic lung cancer leading to problems of diagnosis and treatment. Leaders at the University of Vermont and Larner College of Medicine today announced $12.3 million in funding for a new Center of Biomedical Research Excellence (COBRE) called the “Translational Global Infectious Disease Research Center” (TGIR). This endeavor will help in the fight against TB and other diseases. Lower income countries are especially vulnerable.

Vermont Business Magazine The Brattleboro landfill solar project was energized on June 30, 2018 and is now producing clean, renewably generated electricity. Officials from Windham Solid Waste Management District, along with multiple towns, schools and non-profits securing financial benefits associated with the project, celebrated its commissioning at a ribbon cutting ceremony today. It was also attended by numerous government officials and those responsible for developing the project.

Vermont Business Magazine The Agency of Agriculture, Food and Markets has announced up to $1,000,000 is available in funding to improve water quality. The Capital Equipment Assistance Program (CEAP) is available for new or innovative equipment that will aid in the reduction of surface runoff of agricultural wastes to state waters, improve water quality, reduce odors from manure application, separate phosphorus from manure, decrease greenhouse gas emissions, and reduce costs to farmers when they apply manure or implement a Nutrient Management Plan (NMP). Eligible recipients include custom applicators, non-profit organizations, and farmers.

Grant application are due by November 1, 2018. Complete applications will need to include submission of the CEAP Application as well as a one-page letter of intent, equipment quote/s, and a letter of support. Notification of grant funding will occur by February 2019.

Vermont Business Magazine The number of opioid prescriptions written by physicians at The University of Vermont Medical Center continued to drop compared to previous years throughout 2018, as part of an ongoing, comprehensive effort to prevent more patients from becoming addicted to opioids. The UVM Medical Center’s most recent self-evaluation, the “Opioid Prescribing Practices” report, covers April 2018 to July 2018. The report shows a 44 percent drop in the number of prescriptions for more than 50 pills in the third quarter of 2018, compared to the same period in 2017. Since the beginning of 2016, the number of those prescriptions is down 71 percent.

Hospital leaders noted in a press release today that while prescription numbers continue to fall, the steepest drop appears to have occurred from early 2017 to the middle of 2017 – before a new state law governing prescribing practices went into effect.

Vermont Business Magazine The Vermont Agency of Education announced results from the Smarter Balanced Assessment Program on Wednesday. These relatively new scores are replacing the "No Child Left Behind" assessments. The new results, while generally indicating progress, do not offer much perspective. There is not a national comparison in the results (see tables below), nor were local school scores yet released. This is also the first year under the new system that 9th graders were assessed.

What the results do show, however, is that in English, especially, scores have improved. They were also relatively better than the Math results, where only 3rd graders reached at least 50 percent proficiency. In English, every grade reached that level.

Vermont Business Magazine The Agency of Natural Resources has issued a Request for Proposals (RFP) for Vermont’s new electric school and transit bus pilot program. The RFP is the next step in launching the pilot program. Results from the program will allow the state to determine whether this technology can be applied more broadly across Vermont.

Vermont Business Magazine Van Dora Williams, an associate professor and program director of Broadcast Media Production, Filmmaking and Sonic Arts in the Division of Communication and Creative Media at Champlain College, has been selected to participate in the Television Academy Foundation’s 2018 Faculty Seminar Program. Members of the Television Academy selected 25 professors from colleges and universities nationwide to participate in the prestigious program.

The faculty fellows will gain the latest information on the television and content development industries from top entertainment professionals during a weeklong Southern California seminar from Nov. 5-9, 2018.

Champlain photo of Van Dora Williams

Vermont Business Magazine Wildlife Management Areas (WMAs) are lands that have been protected as wildlife habitat and are open hunting, fishing and trapping. The Vermont Fish & Wildlife Department's 93 WMAs offer free access to Vermont's wilderness during your favorite hunting season. Since 1919, the department has protected more than 140,000 acres now designated as WMAs.