Current News

The three national credit reporting agencies—Equifax Information Services LLC, Experian Information Solutions, Inc., and TransUnion LLC—have settled consumer protection claims with Vermont Attorney General William H. Sorrell and 30 other state attorneys general. Under the settlement, the credit reporting agencies are required to make significant changes to their business practices to provide greater protection to consumers, and will make an $85,000 payment to the State of Vermont.

“Consumers deserve a system that ensures the accuracy of reports on their credit-worthiness. Now they are going to get it,” Attorney General Sorrell said.

The multistate investigation into the practices of the credit reporting agencies focused on credit report errors, unreliable information from “data furnishers” (providers of credit reporting information), and the marketing of credit monitoring products to consumers who dispute information on their credit report.

King Scholar Leadership Program founders Dottie and Bob King ’57 have made a $21 million gift to more than double their investment in the scholarship program they established to bring exceptional students from Latin America, Africa, and Asia to Dartmouth. The Kings’ gift will dramatically expand the program they founded in 2013 to support students from developing nations who are passionate about international leadership and global poverty alleviation. The recent gift brings total investment in the program to more than $35 million.

Governor Peter Shumlin, President Pro Tem John Campbell, Speaker of the House Shap Smith, and Tom Torti, President of the Lake Champlain Chamber of Commerce, today announced expanded commitments to Vermont-Quebec economic development, during a prospect visit by companies interested in learning more about doing business in Vermont. The event, hosted by the Lake Champlain Regional Chamber of Commerce, is part of their Vermont-Quebec Enterprise Initiative; an effort to position Vermont as the location of choice for Quebec companies looking to locate operations in the United States.

The Vermont Chamber’s EXPO is kicking off today at the Sheraton in Burlington and will continue Thursday. It features a new format this year, with an exhibitor-only day Wednesday with more than 400 business-to-business meetings happening today from 10-4. The Chamber deployed a new technology to allow the 150 exhibitors to request and accept pre-planned meetings with prospective customers.

Thursday is the traditional opening ceremonies for EXPO where we will be unveiling the Deane C Davis Outstanding Business of the Year at 10 am. at the Sheraton. Governor Shumlin will be on hand for that ceremony and will also cut the ribbon to open the show. New this year:

· The Dealer.com Digital Marketing Hub designed to help businesses take their online marketing to the next level.

· The TD Bank Innovation Institute features three sold out seminars on growing business featuring 14^th Star Brewing, UVM and Vermont Hitech

The Working Lands Enterprise Board announced on Tuesday this year’s 36 grant recipients – 24 agriculture and 12 forestry projects – for just over $1 million in both Working Lands and Local Food Market Development grant funding. These projects impact every county in Vermont, and leverage an additional $1.8 million in matching funds. Investments were made to 26 working lands enterprises and 10 service providers for projects that increase production, expand markets, develop innovative technologies, improve water quality, and train the workforce that Vermont’s businesses need to succeed.

Secretary of Agriculture, Food and Markets Chuck Ross, Deputy Secretary of Commerce and Community Development Lucy Leriche, and Commissioner of Forests, Parks and Recreation Michael Snyder joined the selected grantees and other program stakeholders at Maple Wind Farm in Richmond to celebrate this year’s grant recipients and the success of the program to date.

SEE PHOTO MONTAGE BELOW

Vermont is the healthiest state for seniors, rising from fourth place last year, according to the third edition of United Health Foundation’s America’s Health Rankings® Senior Report: A Call to Action for Individuals and Their Communities. New Hampshire ranks second, improving one spot from last year. Minnesota fell to third after being ranked first for two years in a row, while Hawaii (4) and Utah (5) round out the top five states. Louisiana ranks 50th as the least healthy state for older adults, followed by Mississippi (49), Kentucky (48), Arkansas (47) and Oklahoma (46).

by Rob Roper Love him or hate him, one has to concede that Bernie Sanders has had a tremendous impact on the political direction of Vermont over the past a quarter century plus. His influence has reverberated throughout the Green Mountains and in our State House. He has had spawned many acolytes in the activist community and in the halls of power.

Over his political career, Sanders has been remarkably consistent with his democratic/socialist, populist message, which he now wants to bring to the national stage in a run for president. A major theme for “Bernie 2016” will be the consequences of rising income inequality. This begs the question, what has Bernie Sanders done for income inequality here in Vermont? What does his long legacy of helping the little guy by taking on big corporations and “the rich” in his home state really look like?

Two studies shed some light on the answer.

Brandwatch, the leading social intelligence company, Tuesday released an extensive social data report focused on the restaurant, food and beverage industries. In the report, more than 2.5 million social media mentions were collected and analyzed. With an estimated 32 percent of all UK brand mentions on Twitter centered around the food and beverage industry, this indicates that there exists huge opportunities for businesses around the globe in this field to leverage social media data. With notable exceptions, this also could be the revearse of the Red State-Blue State political map, with the traditional Republican states liking liquor and Democratic states liking beer and wine.

Key report findings include:

United States Alcohol Preference

Governor Peter Shumlin joined with students, Vermont State Colleges Chancellor Jeb Spaulding, and others Tuesday in Burlington to encourage Vermonters to apply for summer dual enrollment courses ahead of upcoming registration deadlines. Shumlin signed into law legislation in 2013 that expanded dual enrollment, a program that allows students to earn college credit for free while still in high school. The law has been a success, with the number of Vermont students taking advantage of dual enrollment doubling from around 600 to almost 1,300 in 2014.

Vermont Business Magazine In order to afford a modest, two-bedroom apartment at the Fair Market Rent in Vermont, renters need to earn $20.68 per hour, or $43,017 a year. This is Vermont’s 2015 Housing Wage, revealed in a report released today. The report, Out of Reach 2015, was jointly released by the National Low Income Housing Coalition, a Washington, DC-based research and advocacy organization, and the Vermont Affordable Housing Coalition.

The Housing Wage is the hourly wage a family must earn, working 40 hours a week, 52 weeks a year, to be able to afford the rent and utilities for a safe and modest home in the private housing market. While rents generally align with median income (see data and map below), Vermont ranks 13th highest in average rent but 21st highest in median household income.

Attorney General Bill Sorrell, together with state law enforcement partners in every other state in the nation, the District of Columbia, and the Federal Trade Commission, has joined in filing a federal lawsuit in Arizona against four sham cancer charities and their operators, who allegedly scammed more than $187 million from consumers throughout the country.

On any given night, about 57,000 children under the care of our nation’s child welfare systems are going to bed without the care and comfort of a family.