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State Senate prioritizes housing in final days of session

Fri, 05/13/2022 - 12:25pm -- tim

Senate President Pro Tem Becca Balint The Senate voted (Thursday) to amend S.226, our omnibus affordable housing bill, to include permitting and land use regulation reforms that will make it easier to develop new housing where we most want to see it, in vibrant, walkable downtowns and villages. Making it easier for people to live affordably in our towns and cities is also key to our environmental goals: reducing pollution from transportation and preserving our rural countryside.

Teucrium Agricultural Strategy No K-1 ETF (TILL) declared effective

Fri, 05/13/2022 - 11:25am -- tim

Vermont Business Magazine Burlington-based Teucrium Trading, LLC, the Sponsor of agricultural futures-based ETFs, today announced that its registration for the Teucrium Agricultural Strategy No K-1 ETF was made effective. The Fund is set to begin trading on the New York Stock Exchange under the ticker TILL on May 17, 2022. The Fund is designed to provide investors diversified exposure to agricultural markets and is Teucrium’s first investment vehicle registered under the Investment Company Act of 1940. TILL is an actively managed, long only, diversified agricultural ETF that provides futures price exposure to corn, wheat, soybean, and sugar markets. 

Big Change Roundup raises $347,029 for care at UVM Children’s Hospital

Fri, 05/13/2022 - 11:12am -- tim

​Vermont Business Magazine The annual “98.9 WOKO’s Big Change Roundup for Kids” to support The University of Vermont Children’s Hospital raised a total of $347,029.03, thanks to more than 1,000 donations from patients and families, community members and businesses. This year’s success would not have been possible without our bandits (individual fundraisers), posses (fundraising teams), schools, community groups and volunteers from throughout the region. Also essential were longtime supporters Maplefields (more than $45,000), New England Federal Credit Union (NEFCU) (more than $31,000) and Med Associates (more than $30,000). In addition, NEFCU in Vermont and SeaComm in New York served as collection points for bandits and posses to turn in their loot.

VDH: COVID numbers surge to 587, hospitalizations fall

Thu, 05/12/2022 - 5:00pm -- tim

Vermont Business Magazine The Vermont Department of Health today is reporting 587 cases of COVID-19 for Wednesday (261  Tuesday; 248 Monday; 174 Sunday; 273 Saturday; 382 Friday). Cases have edged up in recent weeks, especially in Bennington, Washington and Rutland counties. Even as cases surged today, hospitalizations have fallen the last couple of days from 75 earlier in the week to 52 now. VDH also reported today that there were no additional fatalities from the virus. The death toll stands at 648 lives lost. 

PAI: A flexible, effective revenue adjustment tool

Thu, 05/12/2022 - 4:31pm -- tim

by Jack Hoffman, Public Assets Institute Twenty years ago, Vermont lost a valuable tool that let the state easily adjust state revenues to respond to fluctuating demands for public services. It’s time to find a replacement. In 2002, the state ended the simple, straightforward system for assessing personal income taxes that had been in place for more than 30 years. Vermont stopped using the “piggyback,” whereby the amount of income tax a person owed to Montpelier was calculated from the amount owed to Uncle Sam. Typically, the rate was about 25 percent of a person’s federal tax liability. But it varied, which was the beauty of that system. The strength of the piggyback system—being tied to federal tax policy—was also its weakness.

Heat Wave: BEWARE of the dangers of recreating in cold water

Thu, 05/12/2022 - 2:38pm -- tim

Vermont Business Magazine Summer-like warmth, with temperatures in the 80s, is expected to continue across the North Country through the weekend. This early season heat tends to lead to two potential dangers – heat related illness and recreating in dangerous cold water. Many of us eagerly await the first signs of summertime warmth after a long winter. As the temperature climbs, so do the number of people going outside to enjoy the weather. Because heat is more likely to cause illness when we’re not used to it, it’s important to play it safe during these first warm days.

Gas prices in US reach new record high: $4.42 per gallon

Thu, 05/12/2022 - 2:14pm -- tim
Vermont up to $4.46, gas prices surge as EU sets stage to curb Russian oil

Vermont Business Magazine It’s going to be a long year for motorists, as gas prices set a fresh record at the pump today, rising above the previous all-time high of $4.35 per gallon set on March 10, according to GasBuddy, the leading fuel savings platform providing North American drivers the most ways to save money on gas. The national average price of gas is now $4.42 per gallon, and could continue to climb through Memorial Day as summer road trip season begins and oil prices remain volatile. Vermont is even higher at $4.46/g.

VAAFM Farm Agronomic Practice (FAP) Program open for applications

Thu, 05/12/2022 - 1:31pm -- tim
Program assists farmers achieve improved soil health and water quality objectives

Vermont Business Magazine The Vermont Agency of Agriculture, Food and Markets (VAAFM) has announced that applications for the Farm Agronomic Practice (FAP) Program are now open. The FAP Program utilizes state funding to help Vermont farms implement field agronomic practices that improve soil quality, increase crop production, and reduce erosion and agricultural runoff. This year, payment rates for certain practices including rotational grazing and no-till pasture and hay land renovation have increased up to 20%.

Business groups applaud lawmakers for passing COVID paid leave grant program

Thu, 05/12/2022 - 12:13pm -- tim

Vermont Business Magazine The small business community and members of Main Street Alliance and Vermont Businesses for Social Responsibility applaud the Vermont General Assembly on the passage of S.11, a workforce and economic development bill that would establish a program to provide wage replacement for workers experiencing loss of work for reasons associated with COVID-19. Throughout the COVID-19 pandemic, Vermonters everywhere have been asked to stay home and isolate or care for others in the event of an exposure – and by and large Vermonters have risen to the occasion, not only to keep themselves safe, but to keep those around them safe as well. 

Sanders opening statement at hearing on Medicare for All

Thu, 05/12/2022 - 11:56am -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont), Chairman of the Senate Budget Committee, Thursday delivered an opening statement at the committee's hearing titled “Medicare for All: Protecting Health, Saving Lives, Saving Money.” Sanders: "Let me thank the committee members and panelists and everyone else who is here for attending the very first US Senate hearing on Medicare for All."

Engelberth Construction celebrating 50th anniversary

Thu, 05/12/2022 - 11:33am -- tim

Vermont Business Magazine Engelberth Construction, Inc (ECI), a leading Construction Manager/General Contractor, is celebrating its 50 years in business milestone. In 1972 Engelberth Construction was established in the basement of Otto Engelberth’s home in Colchester, Vermont and grew steadily on the cornerstones of hard work, trust, integrity, and pride in craftsmanship. Over the past 50 years, Engelberth has become a leader providing preconstruction and construction services in the academic, healthcare, assisted living, manufacturing, resort, multi-unit housing and historic preservation markets. 

Extra 3SquaresVT food benefits in May & June

Thu, 05/12/2022 - 10:02am -- tim

Vermont Business Magazine The Department for Children and Families announced today that many 3SquaresVT households will continue to receive a higher benefit in May and June. This extra help is part of the federal Coronavirus Relief Bill. It will not permanently change a household’s monthly benefit. It is a temporary increase from the federal government to help those affected by the pandemic.

Households at a zero benefit will not receive a benefit. Everyone else will receive the maximum benefit for their household size.

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