Vermont Business Magazine Mascoma Community Development (MCD) has announced the closing of $900,000 in New Markets Tax Credit (NMTC) allocation to support the development of a retail space within Burlington’s Old North End neighborhood. The space will be specifically tailored to accommodate a locally owned grocery store, as well as a bank “micro branch.” Jake’s ONE is located at 242 North Winooski Ave.
by Randy George, Red Hen Baking Though the 2020 legislative session has only just begun, the legislature is already faced with a defining question: how to create and implement a paid family and medical leave program that protects all working Vermonters. While most people agree that such a program is necessary and in fact will support the health, well-being, and economic security of Vermont’s children, families, and small businesses, the devil remains in the details.
Vermont Business Magazine Mascoma Community Development (MCD) has announced the successful closing of $2 million in New Markets Tax Credit (NMTC) allocation to support the development of a community arts center at 405 Pine Street (Burlington City Arts Foundation/Burlington City Arts) in Burlington. The space will become the permanent home of Burlington City Arts’ (BCA) programs and services. The new center will become a local cornerstone for nurturing creativity and imagination through the arts.
Vermont Business Magazine Business leaders surveyed by Citizens Commercial Banking in Vermont and across the region are feeling less urgency to engage in mergers and acquisitions, but sellers with standout businesses can still expect a relatively strong year. Survey respondents see companies relying more on organic growth, fewer sellers in the queue and continued discipline among buyers in 2020. Expect lower deal volumes, more strategic carve-outs and bolt-ons, and stable-to-higher valuations, according to the survey of nearly 600 executives.
Vermont Business Magazine This year, the Earned Income Tax Credit (EITC) can help working families in Vermont make ends meet with a credit up to $6,557. In addition, any family with dependent children who receives the Vermont EITC is automatically income eligible for food benefits through 3SquaresVT – meaning their income and resources don’t count. January 31st is EITC Awareness Day, a time to spread the word to the estimated one in five Vermonters who miss out on thousands of dollars in savings and added benefits because they are unaware of EITC or its link to 3SquaresVT.
Leonine Public Affairs The House approved legislation that would raise the state’s minimum wage to $12.55 by 2022. This legislation reflects a compromise between the House and Senate and stands in stark contrast to the original Senate proposal that would have raised the minimum wage to $15 per hour. While eight Democrats opposed the measure and have created uncertainty about the House’s ability to override a veto, there has been recent speculation that the governor will either sign the watered down version of this bill or let the bill become law without his signature.
by Senator Patrick Leahy (D-Vermont) Last Tuesday night, just as Senate Republicans voted to blindfold the Senate from key witnesses and evidence during the Senate’s impeachment trial of President Trump, even more damaging bits and pieces of his illegal Ukraine aid freeze spilled into public view thanks to the Freedom of Information Act. These documents – heavily and inappropriately redacted by the Trump administration – shed light on just how much more information remains hidden about the alleged misconduct for which the President has been impeached.
by Rob Roper Before the 2020 legislative session kicked off, proponents of the Transportation Climate Initiative (TCI) were calling the interstate agreement to raise prices of gasoline and diesel by as much as 17¢ a gallon their “banner” legislation for the new year. Now, just half way through January, the scheme is unravelling at a rapid pace. Here in Vermont during his State of the State speech last week Governor Scott said, without naming TCI specifically, that, “I simply cannot support proposals that will make things more expensive for [rural and low income Vermonters].” Scott has been vehemently opposed to any form of carbon tax since his first run for governor in 2016.
Vermont Business Magazine Imagine standing in the grocery store, looking at a pile of bananas. On your side of the pile, the manager has posted yesterday's newspaper flyer, showing bananas at 62¢ per pound—so that's what you pay at the register. But on the other side of the pile, there's an up-to-the-minute screen showing that the price of bananas has now dropped to 48¢ per pound—so that's what the guy over there pays. Exact same bananas, but the price you see depends on which aisle you're standing in.
Vermont Business Magazine Getting the best snowboard gear helps anyone enjoy their time on the slopes, in the park, or on the half-pipe, whether they're new to the sport of snowboarding or an experienced rider.
Vermont Business Magazine Chunk spelunkers rejoice! Ben & Jerry’s has introduced two new flavors of oh-so-snackable cookie dough chunks. That’s right—just the chunks. Put down your spoon and dig in!