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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.

Flex-A-Seal expands with Momentum Engineered Systems merger

Tue, 10/20/2020 - 9:49am -- tim

Vermont Business Magazine Flex-A-Seal, Inc, based in Williston, and Houston-based Momentum Engineered Systems, Inc announced Monday a merger to provide a unified mechanical seal and systems approach to the fluid sealing market. The two companies will each commit their assets to the new entity and the combined group will operate under the name Flexaseal Engineered Seals and Systems, LLC. Financial terms were not disclosed. The new company will maintain operations in Williston, VT, Houston, TX and Gonzales, LA with the corporate headquarters in Williston.

North Central Vermont Recovery Center launches the Moms in Recovery program

Tue, 10/20/2020 - 5:46am -- tim

Vermont Business Magazine On October 1, the North Central Vermont Recovery Center (NCVRC) launched the Moms in Recovery Support Program and appointed Johnson resident Crystal Bolio as the program’s coordinator. The Moms in Recovery Support Program is a groundbreaking suite of services tailored to the specific needs of pregnant and parenting mothers in need of support through their journey in recovery from Substance Use Disorders (SUDs) as well as their families.

VNA & Hospice of the Southwest awarded technology grant from Rotary

Tue, 10/20/2020 - 5:27am -- tim

Vermont Business Magazine The VNA & Hospice of the Southwest Region has been awarded $4,680.00  through the Rotary Foundation COVID-19 Recovery Global Grant to help purchase much-needed technology to help the agency adapt to the changing realities of providing home health care and hospice during an epidemic. A $35,000 Global Grant was secured by Rutland City Rotary, Rutland South Rotary, Killington Pico Rotary, and West Rutland Rotary in partnership with the Rotary District and Rotary International and distributed to eight local organizations. 

MVP introduces Vermont’s first Medicare Medical Savings Account Plan

Tue, 10/20/2020 - 4:47am -- tim

Health insurer is one of four in the nation to offer the innovative Medicare plan

Vermont Business Magazine MVP Health Care today announced that Vermont seniors can now, for the first time, sign up for the MVP SmartFund MSA Plan during Medicare’s Annual Enrollment Period, which runs from October 15 to December 7, 2020. This innovative new plan offers seniors additional financial flexibility when choosing a health plan.

Health insurance refund possible for Vermont businesses

Tue, 10/20/2020 - 4:10am -- tim

Vermont Business Magazine Business Resource Services (BRS) announced Monday that over 80 percent of businesses covered by Blue Cross and Blue Shield of Vermont’s (BCBSVT) Blue Edge Business health plans are on track to earn money back on their 2020 premiums. Blue Edge Business health plans officially launched in January 2020, and are available to Vermont businesses with as few as 5 enrolled employees.

McClaughry: The Supreme Court and the Affordable Care Act

Tue, 10/20/2020 - 3:31am -- tim

by John McClaughry Senator Patrick Leahy and five of his Democratic colleagues on the Senate Judiciary Committee have repeatedly stoked fears that a conservative Supreme Court, including Justice-to-be Amy Coney Barrett, will destroy the Obama Affordable Care Act (ACA) of 2010. That, they say, would leave 20 million Americans without health care coverage, especially coverage for preexisting conditions.

This is rank partisan fear-mongering, and anybody willing to bet that will happen should demand hundred to one odds. Let’s look at how things got to this point.

VDH COVID-19 Update: 9 new cases

Mon, 10/19/2020 - 5:12pm -- tim

Vermont Business Magazine The Vermont Department of Health is reporting nine new cases of COVID-19 today and 31 since Friday. One way we can measure how much testing is being done in Vermont is by “tests per positive case” of COVID-19. The number of tests per positive case has grown over time, showing how Vermont has gotten better at finding cases.

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