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Mack announces $15 million in 100th anniversary bonuses

Wed, 10/21/2020 - 5:33am -- tim

Vermont Business Magazine Don Kendall, President and CEO of Mack Group, announced $15 million worth of bonuses for all Mack co-workers in all US plants on Friday, Oct. 16, 2020. The size of the bonus varies by length of employment and ranges from $5,000 to $15,000. Mack has been putting money aside for the last 25 years to fund this bonus.

Promoting Route 100 businesses in the Mad River Valley

Wed, 10/21/2020 - 4:48am -- tim
Vermont Business Magazine Three organizations team up to promote Route 100 region with Restart Vermont grant Mad River Valley Chamber of Commerce, Revitalizing Waterbury and the Stowe Area Association have received $30,000 in Restart Vermont Regional Marketing and Stimulus Grants to promote the best of Route 100. The communities of Stowe, Waterbury, and the Mad River Valley are linked by the legendary Vermont Route 100.

Seven Days wins five first-place awards in national media competitions

Wed, 10/21/2020 - 3:38am -- tim

Vermont Business Magazine Seven Days, Vermont’s free, independent newsweekly, won four first-place awards from the Association of Alternative Newsmedia in a virtual ceremony on September 18. One of the winning entries, a joint project with Vermont Public Radio about Vermont’s state-licensed assisted living and residential care homes, received a national Edward R. Murrow award for investigative reporting from the Radio Television Digital News Association on October 10.

Governor announces next round of Economic Recovery Grants

Tue, 10/20/2020 - 5:31pm -- tim

Vermont Business Magazine Governor Phil Scott today announced an expansion of the state’s Economic Recovery Grants, utilizing an additional $76 million in funds from the $1.25 billion the state received from the Federal CARES Act. These funds are in addition to the $152 million in economic relief already delivered to Vermont businesses.Vermont businesses and nonprofits, including sole proprietors, that have seen a decline in total sales between March and September of 2020, compared to the same period in 2019, and who can demonstrate unmet need, may be eligible to receive an Expanded Economic Recovery Grant. Qualifying businesses may now receive up to $300,000 in total economic recovery grants.

VDH COVID-19 Update: Don't catch 'pandemic fatigue'

Tue, 10/20/2020 - 5:30pm -- tim

Vermont Business Magazine Dr Levine acknowledged we are all facing pandemic fatigue — adjusting our routines, forgoing social and family activities, and being relentlessly reminded to wear a mask and keep a distance from one another. But we still have to wait a little longer for a COVID vaccine, and we are seeing cases increase — both nationwide and closer to home, he said.

VBSR: Front-line employees hazard pay and expanded Economic Recovery Grant programs info

Tue, 10/20/2020 - 5:28pm -- tim

VBSR As COVID-19 continues to impact our families, communities, and economy, we here at VBSR remain committed to providing our members with the resources needed to endure through this crisis. Please read on for key updates on a pair of relief programs that may be available to your and your employees. 

Utility customers eligible for help paying past-due balances

Tue, 10/20/2020 - 5:14pm -- tim

Vermont Business Magazine Vermonters suffering economic hardship due to loss of income from COVID-19 can get help now to pay their arrearages for residential and non-residential utility accounts. The Vermont COVID-19 Arrearage Assistance Program (VCAAP) provides financial support to customers of regulated utilities who may face disconnection of service because of past-due balances.

PAI: Vermont sees precarious signs of recovery

Tue, 10/20/2020 - 4:53pm -- tim

Public Assets Institute The pandemic has hurt employment in every corner of the state. Nearly 25,000 fewer Vermonters worked in September 2020 than in September 2019—a decline of 7.5 percent. Employment fell by as much as 9 percent, depending on the county, with the northwest corner of Vermont—Grand Isle, Chittenden, and Franklin counties—seeing the largest drops.

Unemployment rate falls to 4.2 percent in September

Tue, 10/20/2020 - 3:29pm -- tim

Vermont Business Magazine Today, the Vermont Department of Labor reported that the seasonally-adjusted statewide unemployment rate for September was 4.2 percent. This reflects a decrease of six-tenths of one percentage point from the prior month’s revised estimate of 4.8 percent. The Labor Force again decreased, accounting for most of the rate decline. The number of unemployed also fell. Meanwhile, the total number of employed was down by 707. The comparable US was 7.9 percent. Vermont has the third lowest rate in the nation, behind Nebraska (3.5 percent) and South Dakota (4.1 percent).

VSECU launches latest $50,000 We Care 2 program

Tue, 10/20/2020 - 1:20pm -- tim

Vermont Business Magazine VSECU is announcing the annual launch of We Care 2, a member-directed giving program that distributes $50,000 to Vermont nonprofit organizations. Now through November 25, VSECU is accepting applications from Vermont-based nonprofit organizations that make a positive and direct impact on issues of food, shelter, heat, financial education, or the environment. Programs or organizations that are specifically focused on COVID-19 relief efforts will be given priority consideration.