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Evernorth Rural Ventures awarded $60 million in New Markets Tax Credits

Thu, 09/02/2021 - 1:56pm -- tim

Vermont Business Magazine The US Treasury Department announced on Wednesday that Evernorth Rural Ventures, a subsidiary of Burlington-based Evernorth, was awarded a $60 million allocation of New Markets Tax Credits (NMTC) to continue its successful economic development work in low-income areas. Under the NMTC program, investors receive federal tax credits in exchange for making investments in eligible economic development projects. These business and real estate investments provide more favorable terms and conditions than the market typically offers.

Norwich welcomes 729 new students to begin the 2021–22 school year

Thu, 09/02/2021 - 12:38pm -- tim

Vermont Business Magazine Norwich University began the 2020 – 2021 academic year on Monday, Aug. 30, with 729 new students. First year students in the Corps of Cadets arrived on Sunday, Aug. 22, and new civilian students arrived on Tuesday, Aug. 24, for orientation. The Class of 2025 is comprised of 390 rooks (first year students in the Corps of Cadets) and 339 civilian students (both residential and commuter) coming from 44 states, which includes 57 new international students coming from 17 different countries.

State awards over $13 million in Community Development Block Grants

Thu, 09/02/2021 - 12:12pm -- tim

Vermont Business Magazine Governor Phil Scott joined Town officials and the Lamoille Housing Partnership to celebrate the construction of 24 new units of mixed-income housing at the Village Center Apartments in Morrisville as well as announcing $13,258,021 in Community Development Block Grant (CDBG) awards that have been made to 25 communities throughout Vermont. This funding through the Vermont Community Development Program (VCDP) will support a broad range of projects that will accelerate pandemic recovery, build more affordable housing and strengthen communities across the state.

Brumsted: Taking action on patient access at the UVM Health Network

Thu, 09/02/2021 - 11:45am -- tim

by Dr John Brumsted, The University of Vermont Health Network These are unprecedented times for the UVM Health Network. After months of testing for, treating and vaccinating against COVID-19, we are seeing a new surge of cases from the highly contagious delta variant. In recent weeks, we’ve also experienced intense pressures related to abnormally high patient volumes and intense patient needs. Our patients come to us when they need us most, and long wait times for certain kinds of care are an added stress. The current situation is unacceptable to me on behalf of our patients and on behalf of our people, who continue to provide expert care while responding to every challenge.

Molly Gray: From crisis comes opportunity, what I’ve heard from Vermonters

Thu, 09/02/2021 - 11:41am -- tim

by Lieutenant Governor Molly Gray A year and a half after the onset of the pandemic, Vermont remains in the midst of ongoing recovery efforts. While there is so much uncertainty about the future, one thing we can be sure of is that our state is in a unique position to emerge from this pandemic stronger than ever. Thanks to the hard work of our Congressional delegation, Vermont is set to receive $2.7 billion in federal aid through the American Rescue Plan as well as potential additional funds from the Build Back Better Agenda.

Group rallies in Middlesex to push for paid leave

Thu, 09/02/2021 - 11:27am -- tim

Vermont Business Magazine The Vermont Family and Medical Leave Insurance Coalition (VT FaMLI), with support from Red Hen Baking Co. and Camp Meade of Middlesex, hosted over 80 people on Sunday, August 29th for “We Believe in Paid Leave” - A Celebration of Workers, Families, and Small Businesses. Participants came together to take direct action and lift up their voices to show their strong support for the passage of an equitable and robust national Paid Family and Medical Leave solution.

Federal grant provides laughs

Thu, 09/02/2021 - 7:31am -- tim

Vermont Business Magazine A recipient of one of the largest Shuttered Venue Operator Grants awarded in Vermont is scheduled to host its grand re-opening Thursday evening in Burlington. The Vermont Comedy Club, founded and owned by Nathan Hartswick and Natalie Miller in 2015, was awarded a $408,319.65 SVOG.

Seven incarcerated individuals test positive in Newport

Wed, 09/01/2021 - 4:50pm -- tim

Testing finds seven new incarcerated positives at Northern State Correctional Facility, zero new staff

Vermont Business Magazine Vermont Department of Corrections (Vermont DOC) is reporting seven incarcerated individuals at Northern State Correctional Facility (NSCF) in Newport tested positive for COVID-19 in outbreak testing conducted August 30. All staff results are negative.

Human Services will launch investigation into wait times for medical appointments

Wed, 09/01/2021 - 4:44pm -- tim

Vermont Business Magazine The Vermont Agency of Human Services (AHS) remains focused on increasing access to health care for Vermonters. Unifying providers, payers, and statewide stakeholders are critical components to achieving the goals of health care reform which include affordability, access, and quality of care.

Weinberger, BED propose $20 million net zero energy revenue bond

Wed, 09/01/2021 - 4:40pm -- tim

Vermont Business Magazine Mayor Miro Weinberger and Burlington Electric Department (BED) have proposed a new, $20 million Net Zero Energy Revenue Bond that would accelerate progress toward Burlington’s bold climate goals, while reducing upward rate pressure for BED customers. In addition, the Mayor and BED announced that BED’s Green Stimulus program would continue, and that Moody’s Investors Service affirmed BED’s A3 rating.

Hearing Sept 8 on the Implementation of the Pupil Weighting Factors Report

Wed, 09/01/2021 - 4:34pm -- tim

Vermont Business Magazine The Task Force on the Implementation of the Pupil Weighting Factors Report will hold the first of two public hearings on Wednesday, September 8, 2021, from 5:00 p.m. to 7:00 p.m. at the State House in Room 11. Participants may testify in person or remotely through a Zoom webinar. Anyone interested in testifying, in-person or remotely, should sign up in advance of the hearing.

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