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VSFA fundraiser raises over $1200

Fri, 09/03/2021 - 2:50am -- tim

Vermont Specialty Food Association The strong support of Vermonters far and wide helped the Vermont Specialty Food Association to raise over $1200 to support Vermont specialty food and beverage producers of all shapes and sizes during its inaugural raffle fundraiser. Winners were drawn on August 31st and have been notified by email that they were the recipient of one of ten prizes. Raffle participants should check their email provided at the time of donation to see if they were selected for a prize.

State to disburse another $60.6 million in ARPA funds to 276 local governments today

Thu, 09/02/2021 - 4:09pm -- tim

Vermont Business Magazine Governor Phil Scott announced today that cities, towns and villages should expect additional American Rescue Plan Act Local Fiscal Recovery funds over the next several days. The State will disburse another payment of $60.6 million in ARPA-LRF to 276 eligible local governments today, September 2. On August 5, Vermont received 50% of the $121 million of funds that the US Treasury originally designated for distribution to the State’s 14 counties. After further review of Vermont’s unique county structure, the federal guidance was revised allowing Vermont municipal governments to take full advantage of the ARPA local recovery funds.

Krowinski & Balint: One of the greatest affronts to the reproductive rights of individuals in Texas

Thu, 09/02/2021 - 3:41pm -- tim

Vermont Business Magazine Today, Speaker of the House Jill Krowinski and Senate President Pro Tem Becca Balint issued the following statement after Texas enacts the greatest ban on reproductive rights in the nation and the US Supreme Court’s fails to uphold a federal constitutional right: “It has been a stunning 24-hours as we watched one of the greatest affronts to the reproductive rights of individuals in Texas. We were all hopeful that the Supreme Court would see this for what it is, a clear violation of the federal constitutional right to obtain an abortion. These actions will surely spur legislative action restricting access to reproductive health care, and we wanted to make sure Vermonters and all Americans, know that Vermont is doing everything we can to protect reproductive rights."

GMP crews heading to New York City area to help restore power

Thu, 09/02/2021 - 3:02pm -- tim

Vermont Business Magazine Green Mountain Power (GMP) is sending a team of twenty-nine employees including line workers and mechanics to the New York City area to assist Con Edison in restoring power after Tropical Storm Ida unleashed record flooding and storms on the Mid-Atlantic region last night, knocking out power to more than 20,000 customers in the New York City area. GMP and Con Edison are part of the North Atlantic Mutual Assistance Group, which enables utilities to help each other recover from storm damage.

Labor Day gas prices hint at fall decline, remain at 7-year high

Thu, 09/02/2021 - 2:58pm -- tim

Vermont Business Magazine To close out a summer driving season that will inevitably have had the highest average gas prices since the summer of 2014, Labor Day weekend prices at the pump are expected to be the highest in seven years at $3.11 per gallon (Vermont gasoline prices are at $3.09, up 3 cents from last week and 92 cents higher than a year ago).

VDH reports two more COVID deaths for 279, cases increase to 145

Thu, 09/02/2021 - 2:28pm -- tim

Vermont Business Magazine Today, the Vermont Department of Health is reporting two more deaths for 279 statewide, with 145 cases, 29 hospitalized and 8 in the ICU. The VDH also reported this week the first death of someone in the 20-29 age range, but none younger than 20. There are three deaths in the 30-35 range. Deaths from COVID increase by age with the largest group, 80 and older, having by far the most fatalities with 148. However, most COVID-19 cases by far are in the 20-29 age range, with 5,706 of 28,542 total. The 18-29 age group has by far the lowest vaccination rate in the state (60.4 percent with at least one dose versus 81.9 percent overall).

USDA grants contribute nearly $2 million to Vermont businesses and nonprofits

Thu, 09/02/2021 - 2:04pm -- tim

Vermont Business Magazine Acting State Director for United States Department of Agriculture - Rural Development (RD) in Vermont, Cheryl Ducharme, today announced that funding in the state through the Rural Business Development Grant program (RBDG) totaled $1,990,562 in fiscal year 2021. RBDGs are designed to provide technical assistance and training for small rural businesses with fewer than 50 employees and less than $1 million in gross revenue. These investments are expected to create or save more than 650 jobs in rural Vermont.

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.