Current News

Vermont Business Magazine Xanterra Parks & Resorts has agreed to acquire international walking tour operator CW Adventures, expanding further the company’s fast-growing portfolio of active travel offerings. The transaction is expected to be completed in May 2014.

Formerly known as Country Walkers and based in Waterbury, Vermont, 35-year-old CW Adventures provides more than 130 active, immersive travel vacations on five continents. Trips include guided and self-guided walking and biking adventures, safaris, family adventures and private vacations.

Vermont Business Magazine Vermont’s unemployment rate is now second lowest in the nation, behind only North Dakota (2.6 percent). Driven by an increase in jobs and a steep decline in the number of unemployed, Vermont's unemployment rate fell again in March to 3.4 percent, a level not seen since well before the national economy collapsed in 2008. This is the lowest Vermont seasonally adjusted unemployment rate since June 2005. The March rate represents a decrease of three-tenths of a percent from the February rate of 3.7 percent. The comparative national average was 6.7 percent, which was unchanged from February (the US rate has not been as low as 3.4 percent since May 1969). March 2014 data represents the sixth consecutive reported monthly decrease to the statewide unemployment rate in Vermont.

by John Herrick vtdigger.org Global technology giant IBM has joined the opposition to a Vermont proposal to regulate chemicals in children’s products that the state’s health department considers harmful.

Big Blue was part of a chorus of major industries against the plan, a list that includes the Toy Industry Association, the Alliance of Automobile Manufacturers, Burton Snowboards, Keurig Green Mountain and Wal-Mart.

“If you’re going to be considering potentially taking away somebody’s livelihood, we need to be sure there’s an actual harm, an actual exposure and a risk from those products,” Janet Doyle, a representative for IBM, told the Vermont Fish and Wildlife Committee.

Attorney General General Ashley Martin of St Albans, Vermont, was convicted on April 17, 2014, in Vermont District Court for Windsor County, of five misdemeanor counts of False Pretenses. The convictions stemmed from Martin having forged signatures on timesheets she submitted for respite care not actually provided to a vulnerable adult enrolled in Vermont’s Developmental Disability Services program.

Martin was sentenced to one to three years in jail, all suspended, and placed on three years of probation subject to standard conditions and special conditions, including 60 hours of community service and a prohibition that she not work as a home-based care provider or employer-of-record under a Medicaid waiver program. Martin was also ordered to pay $11,000 in restitution to the Vermont Medicaid program.

The case was investigated and prosecuted by the Medicaid Fraud and Residential Abuse Unit within the Vermont Attorney General’s Office.

Vermont Business Magazine The Vermont Attorney General and 12 other state attorneys general sent a letter today to the leaders of the U.S. House of Representatives Subcommittee on Environment and the Economy objecting to a provision in proposed legislation amending the federal Toxic Substances Control Act of 1976 (TSCA) that would strip states of the power to protect their citizens and the environment from dangerous chemicals.

The proposed legislation, entitled the “Chemicals in Commerce Act,” includes language that would eliminate the authority that states now have to reduce the risks posed by toxic chemicals. Currently, both federal and state governments regulate such chemicals, and Vermont has already done so with respect to mercury, lead, phthalates, bisphenol A, the gasoline additive MTBE, and various classes of flame retardants.

by Walter Judge, Jr Vermont Attorney General William Sorrell has won a major victory in his groundbreaking effort to use state law to crack down on “patent trolls.” In State of Vermont v. MPHJ, LLC, the Vermont federal court has rejected the preliminary bid of MPHJ, an alleged “patent troll,” to avoid facing possible liability under Vermont consumer protection law. Vermont’s federal judge William Sessions granted the State’s motion to remand the lawsuit back to Vermont state court for further handling, and refused to consider MPHJ’s motion to dismiss the case altogether. That is, the Court agreed with Vermont’s Attorney General that the State’s case against MPHJ does not require a resolution of federal patent issues and therefore belongs in Vermont’s state court, not federal court.

Vermont Business Magazine Governor Peter Shumlin today signed new legislation passed in the State Legislature updating Vermont’s captive law, amending the reciprocal insurer section and creating a new “dormant” status for captives. The dormant status establishes an efficient mechanism for a captive that has ceased insurance operations to cost-effectively retain its license should it elect to resume operations in the future. The law takes effect immediately.

In the first quarter of 2014, the Vermont Community Loan Fund (VCLF) loaned $907,500 to Vermont's small businesses, developers of affordable housing and child care programs. The loans have resulted in the creation and preservation of local jobs, affordable homes, and quality early care and education for Vermont children.

Commenting on the busy lending quarter, VCLF Executive Director Will Belongia said “The Loan Fund continues to reach out to borrowers in every corner of our state, with lending capital and other support for those whose hard work, energy and ideas are bringing jobs, homes, quality care and vital services to Vermont communities.”

Projects financed include:

Bella Farm, Monkton

by Morgan True vtdigger.org Press reports about a supposed “Plan B” that would replace Governor Peter Shumlin’s universal health care proposal has stirred controversy again this week in the State House.

But a memo from a legislative consultant outlining a watered down version of single-payer doesn’t appear to have backing from lawmakers – or at least not publicly.

The Legislature hired consultant Ken Thorpe to help lawmakers sort through the complexities of developing a universal health care system. Thorpe has consulted for Vermont in the past and helped design its Blueprint for Health and the Catamount Health Plan.

Vermont Business Magazine The Working Lands Enterprise Board announces this year’s grant recipients from its “Enterprise Investment” area awarding just under $300,000 of $1.2 million available to 19 grantees in 11 counties of the state representing the agriculture, forestry and forest products sectors, (3 forestry projects and 16 agriculture projects), leveraging over $350,000 in matching funds.

Last year’s investment reached over $1 million into 37 agriculture and forestry projects touching every county in the State and leveraging an additional $1.3 million in matching funds (funded 25 ag projects and 12 forestry projects proportionate to the total number of applications received by each sector). This year, the program further invests in job creation, innovation, sustainability, and increased income.

by Secretaries Deb Markowitz, Brian Searles, Chuck Ross and Lawrence Miller This Earth Day, we can take pride that Vermonters are working together – farmers, loggers, businesses, citizens, and local, state and federal officials in every corner of the state – to ensure that we protect and restore Lake Champlain and all of the state’s waters. Not only is this necessary to continue our tradition of protecting our environment and quality of life, but it is essential if we are to continue to enjoy swimming, fishing, boating, and viewing wildlife on our beautiful lake, as well as using it for drinking. Those of us who have been charged with overseeing the agencies of state government know that we can clean up the lake and also have a vibrant working landscape of forests and farms, a modern, reliable transportation system, and a thriving, prosperous economy. Indeed, Vermont’s future prosperity depends on our success.

2013-2014 snowmobile season concludes! The 2013-2014 snowmobile season came to an end on April 15th. The Vermont Association of Snow Travelers (VAST) is reporting another great season that saw some of the best statewide riding conditions experienced in years. The VAST grooming fleet was able to groom approximately 130,000 miles on the 4,700 miles of snowmobile trails that make up the Statewide Snowmobile Trail System. The Statewide Snowmobile Trail System stretches from Lake Champlain to the New Hampshire Border and from the Massachusetts Border to Canada and is enjoyed by 25,000 snowmobilers from all over the country each season.