Current News

Vermont Business Magazine Brattleboro’s newly formed Parks and Plazas, Inc introduced the final stage of the Brooks House's $24 million redevelopment project to a community crowd of over 200 Wednesday. Bob Stevens (Stevens Associates and the Brooks House Development Project) told the crowd that Brattleboro is a great downtown, but it is fragile — it's suffered from fire and Irene flooding, from old tired buildings, and from on-line stores and big boxes. From the very beginning of the Brooks House Project, the Brooks House team believed the land outside the back entrance to the Brooks House and currently occupied by Frankie’s Pizza, could support downtown vitality.

Vermont Business Magazine Southern Vermont College Director of Athletics Michael McDonough announced on June 1 the naming of Ashley Hodges as the new Assistant Director of Athletics for SVC, as the Bennington college was one of 26 National Collegiate Athletic Association (NCAA) Division III members to be awarded with the Association’s diversity grants for the 2016-17 academic year. Hodges has been the head athletic trainer for Southern Vermont athletics since the fall of 2009, and she assumed the Senior Woman Administrator role in the fall of 2010. She has been a part of numerous committees both at the College and at the NCAA level, including serving on SVC’s recent presidential search advisory committee which resulted in the hire of David Rees Evans, PhD, as the College’s ninth president. She also chaired the College’s search for its new Vice President and Dean of Admissions which landed Daniel Summers II in the position back in November.

Vermont Business Magazine Governor Peter Shumlin has issued an executive order to allow Vermonters to continue to display the Vermont Strong license plate. The exemption allowing Vermonters to display the plate on the front of their vehicle was slated to expire June 30, 2016. The executive order will remain in effect until a new governor rescinds it or the Legislature revisits the issue. "These plates remind us of how our state pulled together in the wake of Irene to rebuild stronger than the storm found us," Shumlin said. "The plate has become a symbol of pride for many Vermonters, myself included, and I want ensure people can continue to display them."

The full text of the order is copied below.

STATE OF VERMONT

EXECUTIVE DEPARTMENT

EXECUTIVE ORDER NO. 04-16

[Vermont Strong License Plates]  

by Mike Faher/The Commons Vermont Yankee’s property value has plummeted by almost 70 percent, according to a tax deal that has been approved by the Vernon Selectboard and the state. The six-year tax-stabilization contract sets the shut-down nuclear plant’s value at $78 million, down from a $250 million valuation that had been in effect. The change affects the town and state differently, but the end result will be the same — a loss of millions of dollars in Vermont Yankee tax revenue over the life of the agreement. But officials also say the deal contains some positives for Vernon, including a substantial annual payment in lieu of taxes to cushion the blow of lost taxes. That means Vermont Yankee owner Entergy will be paying much more than required, said Patty O’Donnell, a Vernon official who was involved in negotiations with Entergy.

by Mike Faher/The Commons State officials say they’ve found a way to force Entergy to continue to pay for Vermont Yankee’s 10-mile emergency zone. In a surprise announcement May 26, Public Service Department Commissioner Chris Recchia said the state has new statutory authority to “bill back” Entergy for emergency planning activities in towns around the Vernon nuclear plant. Recchia expects the state also will be billing the plant’s owner for other Vermont Yankee–related work such as groundwater testing and nonradiological waste monitoring. All told, he said, the bills might come to $900,000 annually.

Federal regulators allowed Vermont Yankee’s 10-mile emergency zone to disappear in April, and Entergy’s mandatory financial support for related state programs is set to end June 30.

Vermont Business Magazine GW Plastics has been selected as Plastics News’ “Sustained Excellence” award winner for 2015. This prestigious award honoring continued excellence in well-rounded plastic processing companies was announced at the Plastics News’ Executive Forum in Naples, FL. The award is given only to past Processor of the Year winners -- which Plastics News awarded to GW Plastics in 2009 – and is given to the company that has best sustained their level of excellence year after year. GW Plastics was judged on a number of continuous improvement categories, including financial excellence and proof the company has been profitable every year since winning Processor of the Year. The company was also judged on extraordinary new developments that have been instrumental to the company‟s success.

by Mike Faher/The Commons At a May 19 nuclear power summit in Washington, DC, top-ranking federal officials and industry executives focused on market forces and government regulation. But Patty O’Donnell made sure the audience also heard about declining property values, underfunded nonprofits, and lost friends — all in the context of Vermont Yankee’s December 2014 shutdown. Her message was clear: If the pace of nuclear shutdowns accelerates, many other communities can expect to experience the problems that are plaguing Vernon and the surrounding tri-state area.

by LCC, Lake Champlain Committee LCC and partner organizations including the National Wildlife Federation and the Adirondack Council recently released a letter urging Congress to ban oil transportation along Lake Champlain. Rail transport of explosive Bakken crude oil through the North Country has increased dramatically due to tremendous growth in outputs from Canada and the Bakken oil fields of North Dakota.

Vermont Business Magazine Just over three months after the discovery of elevated levels of the potentially harmful chemical PFOA in private wells in and around North Bennington and Bennington, Governor Peter Shumlin on Wednesday signed a law that will hold polluters responsible and help better control the use of potentially toxic chemicals in the state. Specifically, the new law, H595, establishes a working group on toxic chemicals that will be formed by July 1, 2016. The working group will submit a report to the legislature by January 15, 2017, with recommendations on how to reduce exposure and increase awareness of toxic chemicals in the environment. The Agency of Natural Resources will also convene stakeholders to draft rules related to natural resource damages. The agency will submit draft rules to the legislature by February 1, 2017 and adopt final rules by March 1, 2018. 

by Paul Cillo, Public Assets Institute In the last two decades most of the people moving to and from Vermont have followed the same paths. Between 1993 and 2014, the top 10 destinations for people moving away were New Hampshire, New York, Massachusetts, Florida, California, North Carolina, Connecticut, Maine, Virginia, and Pennsylvania. Nine of those states — all but North Carolina — were also among the top 10 states of origin for Vermont’s new arrivals.

Vermont Business Magazine Vermont’s annual, statewide Summer Free Fishing Day is Saturday, June 11 this year, and it will be highlighted by a free family fishing festival in Grand Isle, as well as the opening day of the state’s regular bass fishing season. “Vermont’s Free Fishing Day gives both resident and nonresident anglers the opportunity to go fishing in Vermont for the day without a license,” said Louis Porter, commissioner of Vermont Fish & Wildlife. “Vermont has a strong fishing tradition, and world-class fishing in many of its lakes and rivers. Free Fishing Day gives anglers of all types the chance to try out fishing in Vermont for the day for free, an experience we think they’ll truly enjoy.” 

Vermont Business Magazine Vermont’s muzzleloader season antlerless deer hunting permit applications are now available on Vermont Fish & Wildlife’s website (www.vtfishandwildlife.com). A quick-link to the information and online applications is on the home page. Applying online automatically enters you to win one of ten $50 Cabela’s gift cards. The Fish and Wildlife Board met on May 25 and set antlerless deer hunting rules for the fall deer hunting seasons. 

Hunting for antlerless deer will be statewide for the October 1-28 and December 3-11 archery season. Last year, hunters took 2,618 antlerless deer during the archery season. 

One deer of either sex would be allowed for youths during the November 5-6 youth weekend hunt. Youths took 761 antlerless deer during the 2015 youth weekend hunt.