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Welch bill would boost federal funding for Vermont trails

Thu, 02/06/2020 - 4:38pm -- tim

Vermont Business Magazine Representative Peter Welch today introduced bipartisan legislation that will more than double funding for the federal Recreational Trails Program (RTP). Since 1991, RTP has provided funding to states to develop and maintain outdoor recreational trails, allowing millions of Americans and their families to enjoy activities such as hiking, bicycling, cross-country skiing, snowmobiling and 4-wheel driving. In 2019, Vermont received $1,028,010 in RTP funds.

NSA Industries expands, changes name to Momentum Manufacturing Group

Thu, 02/06/2020 - 4:13pm -- tim

Vermont Business Magazine NSA Industries, one of the top ten largest specialty manufacturers in North America, today announced it will be changing its corporate name to Momentum Manufacturing Group. The name change captures the internal energy and consistent double digit growth posted year after year as it strengthens its focus on providing end-to-end solutions for customers in a broad range of industry sectors from automotive, aerospace and solar, to security, medical sciences, logistics, exercise equipment and restaurant and hospitality.

Police seek convicted murderer who absconded from furlough

Thu, 02/06/2020 - 4:10pm -- tim

Vermont Business Magazine The Vermont Department of Corrections, Vermont State Police and multiple local, state and federal law-enforcement agencies are searching for convicted murderer William Wheelock, 55, who removed an electronic monitoring device and absconded from furlough Wednesday, Feb. 5, 2020. Wheelock was convicted in 1987 of second-degree murder and sentenced to serve 21-99 years in prison. He was released on furlough Jan. 28, 2020. He was under DOC supervision and residing in transitional housing in Bellows Falls at the time he absconded. While on furlough, he was required to wear an electronic monitoring device. Wheelock cut off and discarded the device, which alerted DOC to immediately notify law enforcement.

Burlington Winter parking ban starting FRIDAY night Feb 7

Thu, 02/06/2020 - 4:01pm -- tim

Vermont Business Magazine A winter PARKING BAN will go into effect Friday February 7th at 10pm. There is not a parking ban Thursday night. Crews are currently out in full force and will continue to clear sidewalks and streets overnight. With colder, snowier conditions forecast for tomorrow, the parking ban will allow a more comprehensive cleanup. While there is not a ban tonight (2/6), we encourage residents to park off-street if space is available to them. This will give our plows the safest and best ability to push snow off the roads. Public Works appreciates your help as crews continue clearing roads and sidewalks through the remainder of this storm.

Businesses to see double-digit rate decrease in workers’ comp insurance in 2020

Thu, 02/06/2020 - 3:36pm -- tim

Vermont Business Magazine Governor Phil Scott today announced that Vermont businesses will see a double-digit rate decrease in workers’ compensation insurance in 2020. The new rates, approved by the Department of Financial Regulation (DFR), become effective on April 1, 2020. This is the fourth straight year of rate decreases since Governor Scott took office and represents the largest decrease in over a decade. When combined with decreases from 2017-2019, Vermont employers will pay an average of 30% less in workers’ compensation premiums than they did in 2016.

WARMTH challenge grant reaches $17,500 goal for third consecutive year

Thu, 02/06/2020 - 1:53pm -- tim

Vermont Business Magazine In December, Community Bank NA challenged the community to help low-income Vermont families heat their homes in conjunction with Champlain Valley Office of Economic Opportunity’s (CVOEO) WARMTH program. The bank pledged to match WARMTH donations dollar for dollar during December, up to a total of $17,500. Statewide, overall donations equaled $130,029.53, which is nearly $10,000 above last year’s campaign total. On February 4, 2020, Community Bank N.A. presented CVOEO with the $17,500 donation to celebrate the end of a successful campaign.

Study: Vermont's economy ranked as above average

Thu, 02/06/2020 - 1:11pm -- tim

Vermont Business Magazine A recent study shows Vermont has the Number 19 healthiest economy in the US. As the nation heads into an election year, 30 percent of people say the economy will be their primary consideration in how they vote in 2020. Vermont ranked: No. 1 in unemployment rate, 2.3%; No. 15 in change in unemployment (2015-2019), -36.1%; No. 19 in average annual wage, $50,150; No. 36 in per capita gross domestic product, $53,324.66.

Hoffman: Yes, all kids deserve a decent start

Thu, 02/06/2020 - 12:34pm -- tim

by Jack Hoffman, Public Assets Institute There’s a lot in the budget the governor presented last month to the Legislature—and to the public. It’s a proposal to spend more than $6.3 billion for the fiscal year that starts July 1. The detailed budget book is over 1,350 pages, and that doesn’t count the supporting documents. Buried in all of that information is one number that is hard to understand: A saving of $449,704 in the Reach Up program, which helps to pay for food, clothing, and housing for children in low-income families that can’t afford these basic necessities.

New digital storefront solutions deliver competitive edge

Thu, 02/06/2020 - 11:50am -- tim

Vermont Business Magazine, a leading automotive industry end-to-end digital marketing solution based in Burlington, has announced new enhancements to its digital storefront during the runway to the 2020 NADA Show. The company's latest offering harnesses Cox Automotive data – the largest collection of automotive shopping behavior insights available – to ensure dealers have the tools necessary to deliver unrivaled consumer experiences, forging the shortest and most personalized path to customer engagement and dealership growth.

New NSF Industry-University Collaborative Research Center at Dartmouth

Thu, 02/06/2020 - 11:44am -- tim

Vermont Business Magazine Dartmouth is partnering with four leading electrical tech companies--GE Research, Analog Devices, Empower Semiconductor, and Ampt--to form the first NSF-funded Industry-University Collaborative Research Center (IUCRC) focusing on integrated power management and delivery for a wide range of electrified systems. Providing companies with unprecedented access to Dartmouth's R&D expertise, facilities, and intellectual property, the new Power Management Integration Center (PMIC) will address a range of challenges facing next-generation power electronics.