Current News

​Vermont Business MagazineThe University of Vermont's Board of Trustees today approved an additional $1 million from gift funds to move forward with the Design Development phase of planning for the Athletic Department's Multi-Purpose Facility project.

Vermont Business Magazine The Board of Directors for Vermont Businesses for Social Responsibility (VBSR) is happy to announce that National Life has become VBSR’s newest Champion Member.“Do good, be goodandmake good. Those are values that National Life aspires to, and they resonate with VBSR and our members,” said VBSR executive director Jane Campbell. “As a mission-driven company, National Life strives to make the world a better place through their charitable foundation, paid volunteer time for employees, environmentally sustainable and healthy work sites, and fun, family friendly events that promote the work of nonprofits in their communities. We are thrilled to welcome National Life as a Champion Member of our organization.”

Vermont Business Magazine Co-operative Insurance Companies is giving back to those affected by recent hurricane devastation with a donation of $10,000 to American Red Cross.Co-operative Insurance is a huge supporter of American Red Cross. Along with this donation, the company hosted their second blood drive of 2017 on October 16th.

Co-op takes pride in their efforts to provide financial security and protection to their own members and Marie Jewett, CEO of Co-operative Insurance Companies, is glad that her company can contribute to support the immense number of individuals affected by the hurricanes. “While most of our members were not directly affected by recent hurricane events, we recognize the devastation and rebuilding effort that is needed and the small part we can play through our donation to the American Red Cross.”

by Katie Kittell Vermont Busieness MagazineIn a press conferenceFriday at Tech Jam in Essex Jct, Governor Phil Scott announced the launch ofThinkVermont.com, a new website that will connect existing and prospective Vermont businesses and workers to the resources and information they need to expand in or relocate to Vermont. ThinkVermont is an economic development and marketing tool, created by the Agency of Commerce and Community Development (ACCD) to help retain and attract businesses and workers to the state. The website is one component of the Administration’s and Agency’s goal to grow Vermont’s economy by improving the symmetry of information and resources between the public and private sectors.

Vermont Business MagazineWeekly unemployment claims increased last week to over 400 for the first time in many weeks. Claims had been falling steadily since early July. Claims also are lower than they were the same time last year, which has been the case for most weeks in 2017. For the week of October 14, 2017, there were 407 claims, 71 more than than they were last week and 164 fewer than they were a year ago.

Vermont Business Magazine The Vermont Agency of Agriculture, Food & Markets (VAAFM) is pleased to announce the first round of a two-round grant opportunity for Vermont produce growers. The grant opportunity, which is intended to improve on-farm produce safety, will have approximately $74,000 in funding each round. To be eligible for the grant, applicants must grow, harvest, pack, or hold "covered produce" as defined by the USFood & Drug Administration's (FDA) Food Safety Modernization Act (FSMA) Produce Safety Rule (PSR) and have average annual produce sales of greater than $25,000 over the past three years.

by Timothy McQuiston Vermont Business MagazineThe September unemployment rate improved over August as have the major indicators. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for September was 2.9 percent. This reflects a decline of one-tenth of one percentage point from the revised August rate (3.0 percent). The number of employed increased, the number of unemployed decreased and the Labor Force, which has been an ongoing weakness in the state economy the last few years, also increased. The year-to-year numbers were not quite as strong, as the Labor Force lost ground as the other data points improved.

Vermont Business Magazine Attorney General TJ Donovan joined a coalition of 15 attorneys general in filing an amicus brief opposing the Trump Administration’s plans to ban open military service by transgender individuals. The amicus brief, filed with the U.S. District Court for the District of Columbia, argues that banning transgender individuals serving in the military is unconstitutional, against the interest of national defense, and harmful to the transgender community at large. The case, Doe v. Trump, was brought by GLBTQ Legal Advocates & Defenders and the National Center for Lesbian Rights.

The brief states that approximately 150,000 veterans, active-duty service members, and members of the National Guard or Reserves identify as transgender.

Vermont Business Magazine Municipal waterline construction has begun in the Town of Bennington and the Village of North Bennington. Water service will be extended to properties with on-site wells contaminated or threatened by perfluooctanoic acid (PFOA) in the area where the State of Vermont and Saint-Gobain have settled Saint-Gobain’s liability. Saint-Gobain is also continuing an investigation of the affected properties east of Route 7 with oversight from the Agency of Natural Resources.

“The Agency is very excited to see construction beginning to extend water lines to homes impacted by PFOA contamination in Bennington and North Bennington,” Peter Walke, Deputy Secretary for the Agency of Natural Resources said. “This is an important milestone and there is more work to be done to ensure long term drinking water solutions for all impacted residents.”

Vermont Business MagazineVermont Attorney General TJ Donovan filed a motion with 19 attorneys general that compels the Federal Government to pay cost-sharing subsidy payments required by the Affordable Care Act. Millions of Americans rely on these subsidies to lower the out-of-pocket costs in their insurance plans. Last week, the Trump Administration decided to end the October subsidy payments.

Vermont Business Magazine The Personal Income tax was down a little and the Corporate Tax was down a lot as General Fund revenues collected for the month of September totaled $149.99 million, -$3.34 million below the consensus cash flow expectation adopted by the Emergency Board on July 21, 2017, according to Secretary of Administration Susanne Young. The under-performance was driven primarily by -$2.87 million less than expected collections in Personal Income Tax and -$1.92 million less than expected in Corporate Tax. All other components of the General Fund were either slightly ahead or behind target, with the Rooms & Meals Tax (+3.26%) had another good month.

Vermont Business Magazine The UVM Medical Center is pleased to announce that Isabelle Desjardins, MD, has accepted the position of Chief Medical Officer (CMO) for the University of Vermont Medical Center, effective October 1. Dr Desjardins is an attending psychiatrist and associate professor of Psychiatry at UVM’s Larner College of Medicine. Desjardins has held clinical leadership roles at the Medical Center since she arrived in Burlington in 2003. She most recently served as Vice Chair of Clinical Affairs for the Department of Psychiatry, executive medical director of the Vermont Psychiatric Care Hospital in Berlin, and as medical director of Inpatient Psychiatry at the UVM Medical Center.