Current News

Vermont Business Magazine Average gasoline prices in Vermont are $3.07/g, down 2 cents per gallon from last week, down 1 cent/g from last month and down 48 cents/g from this time last year. Rutland and Windham counties had the lowest average price at $3.00/g, according to AAA, while Franklin ($3.18/g), Grand Isle ($3.17/g) and Lamoille ($3.16/g) had the highest average prices. The lowest price in the state this week was $2.69/g while the highest was $3.19/g. 

by Timothy McQuiston, Vermont Business Magazine The Vermont General Fund, Transportation Fund and Education Fund all exceeded their monthly consensus cash flow targets for April 2025, as corresponding to the annual consensus forecast update adopted by the Emergency Board at its January 2025 meeting. The Personal Income Tax, the most important revenue source, was more than 26% over expectations. Because of tax filing, payment and refunds this time of year, the PI can show wide swings in its results. However, the PI is 8% ahead for year, or up nearly $90 million with two months left in the fiscal year.

Vermont Business Magazine U.S. Senator Peter Welch (D-Vermont) joined Senator Chris Van Hollen (D-Md.), Congressman Glenn Ivey (D-Md.), and Senator Amy Klobuchar (D-Minn.) in pressing for answers from the Department of Homeland Security and Department of State on the decision to terminate Temporary Protected Status (TPS) for Afghan nationals living in the United States. The lawmakers’ letter, sent to Secretary of Homeland Security Kristi Noem and Secretary of State Marco Rubio, notes the devastating impact of this decision, including on the many Afghans who supported the U.S. military during the war in Afghanistan and who face significant danger upon their return. The letter was signed by more than 100 lawmakers. The full letter and response by the Vermont Afghan Alliance are below.

Vermont Business Magazine Attorney General Charity Clark today announced a resolution with UPP Global, LLC, a Maine-based private parking operator. UPP provides 27 private parking operations in several Vermont downtowns. Between 2020 and 2024, thousands of consumers paid UPP after receiving what the company misleadingly called “citations” which alleged that failure to pay could result in impacts to a consumer’s credit rating, vehicle registration, license renewal, or ability to rent a vehicle. UPP issued these “citations” to consumers despite having no governmental authority or ability to affect consumer credit without due process of law. Following an investigation into the company’s alleged violations of the Consumer Protection Act, UPP has agreed to change its misleading parking notices and pay the State of Vermont $150,000 to resolve the State’s concerns. 

Vermont Business Magazine Apollo and Bullrock Energy Ventures have announced that Apollo-managed funds have committed to fund up to $220 million for a new joint venture partnership with Bullrock related to a portfolio of community solar assets located in New York and New England. $100 million of Apollo’s equity commitment will fund the development of Bullrock’s nearly 500 MW pipeline of renewable energy assets. Based in Vermont, Bullrock is a high-growth renewable energy company with operations throughout the Northeast. The company’s vertically integrated model includes deal sourcing, underwriting, development, construction, financing and asset management. Bullrock, alongside partner company NxtGenREA, has developed nearly 500 MW of solar projects across New England, New York and the Midwest over the past decade. 

Agency of Agriculture, Food & Markets Join UVM Extension on July 24 for the 18th Annual Crops and Soils Field Day at Borderview Research Farm in Alburgh. This year’s theme, Growing for Tomorrow, highlights cutting-edge research and practical innovations conducted by the Northwest Crops and Soils Programstaff that are shaping the future of agriculture. They will share timely updates on impactful projects that address both today’s challenges and tomorrow’s opportunities. 

Vermont Business Magazine Cannatrol, a leading provider of precision-controlled drying and curing technology, has announced a strategic alliance with Rhythm Cultivation Solutions & Services, an industry leader in fertigation and environmental controls. Through the partnership, collected data throughout the cultivation and post-harvest processes will provide commercial cannabis cultivators new insights into their operations and efficiency.

Vermont Business Magazine Prosperity Partners, a Chicago-headquartered tax and accounting business backed by Unity Partners LP, has announced that it has completed the acquisition of South Burlington, Vermont-based tax and accounting firm Danaher Attig & Plante. Terms of the private transaction were not disclosed. Founded in 2005 and led by Cathy Attig and Matt Johnson, DAP provides sophisticated tax advisory and compliance services to individuals, businesses, trusts, estates and other organizations. The current partners of DAP will remain actively involved in the combined business.

Vermont State Police Bureau of Criminal Investigation Troop B-West were notified of an incident that occurred on 6-2-25 at Marble Valley Correctional Center in Rutland VT.  After an investigation it was determined that incarcerated inmate (brought to MVCC by Rutland City Police Department on an active arrest warrant on 6-2-25) assaulted a correctional officer shortly after being booked into the facility.  The incarcerated inmate was identified as Justin Zayas-Sanchez and the guard who was assaulted was identified as Zachary Currier.  Zayas-Sanchez struck Currier in the face with a closed fist. On 6-3-2025 Zayas-Sanchez was issued a citation by troopers from VSP St. Johnsbury due to his transfer from Marble Valley CC to Northeastern CC.   

Vermont Business Magazine Howard Center’s administrative offices are relocating from 208 Flynn Avenue to the agency’s building at 102 S. Winooski Avenue in Burlington. Business hours at the new location will be 8:30 a.m. – 4:00 p.m. and all phone numbers and email addresses will remain unchanged. The move will be effective on July 1. Howard Center’s Developmental Services program will continue to operate out of 102 S. Winooski Avenue and all other Howard Center locations will continue to operate as usual.

Vermont Business Magazine Cultivate, a Vermont-based, woman-owned public relations agency committed to social impact, has announced the inaugural cohort of Roots & Blossoms Fund awardees. Launched in 2024, the Roots & Blossoms Fund is dedicated to supporting non-profits that provide Vermont youth with access and education to arts and cultural programming. With this inaugural round of awardees, Cultivate reinforces its commitment to using business as a force for good. The inaugural funding cycle received nearly three dozen applications from organizations across thirteen of Vermont’s 14 counties – an overwhelming and inspiring response that underscores the critical need for youth arts funding in the state. 

by Timothy McQuiston, Vermont Business Magazine GlobalFoundries (Nasdaq: GFS) (GF) announced June 4 plans to invest $16 billion to expand its semiconductor manufacturing and advanced packaging capabilities across its facilities in New York and Vermont. GF is thus adding $3 billion to the $13 billion it committed last year, in conjunction with $1.5 billion from the US CHIPS Act. GF stated its investment is a strategic response to the explosive growth in artificial intelligence, which is accelerating demand for next-generation semiconductors designed for power efficiency and high-bandwidth performance across datacenters, communications infrastructure and AI-enabled devices.