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ACEDC announces development of a regional priority project list for state and federal funding

Wed, 09/28/2022 - 12:00pm -- katie

Vermont Business Magazine The Addison County Economic Development Corporation (ACEDC) and the Addison County Regional Planning Commission (ACRPC) are partnering with other regional organizations, developers, and municipalities to develop a Regional Priority Project List for state and federal funding.

The Regional Priority Project List process is occurring in every region of the state and the final product is submitted in January to the Agency of Commerce & Community Development (ACCD), who will use it for funding decisions and share the lists with other state and federal funders for consideration in making decisions on grant programs.

The Walter Cerf Community Fund at the Vermont Community Foundation announces $290,480 in grants to support youth and families, elderly Vermonters, and the arts

Wed, 09/28/2022 - 11:58am -- katie

Vermont Business Magazine The Walter Cerf Community Fund, a component fund of the Vermont Community Foundation, has announced $290,480 in grants to 40 nonprofits in its 2022 competitive grant round, including 14 multiyear awards to be distributed over the next three years. In addition, the fund is pleased to support two applicants with large, single-year grant awards: The Essex Community Historical Society received $10,000 to support the Fort Ethan Allen Water Tower restoration project, and the Middlebury Studio School received $15,000 to support educational programming.

Statewide survey asks Vermonters about their health care experience

Wed, 09/28/2022 - 11:51am -- katie

Vermont Business Magazine Vermonters and their children who have been to a doctor’s office in the last six months may receive a survey about their health care experience in their mailbox this fall. This will be a chance to offer valuable feedback and help identify opportunities for providers to improve care.

Every year, Vermont’s Blueprint for Health asks whether Vermonters can get the health care they need and how well doctors are meeting Vermonters’ health care needs. The Consumer Assessment of Healthcare Providers and Systems (CAHPS) survey takes a broad, statewide look at how patients experience primary care providers – usually, your family doctor or pediatrician.  Since 2011, this survey has provided valuable insights into how easily Vermonters can access the care they need, how well providers communicate and work together to coordinate care, and how patients and their loved ones are supported in managing their care needs.

Leahy statement of on continuing appropriations and Ukraine Supplemental Appropriations Act of 2023

Wed, 09/28/2022 - 11:45am -- katie

Vermont Business Magazine The Senate will vote to invoke cloture on the motion to proceed to H.R. 6833, and take up a substitute amendment containing a continuing resolution to fund the federal government through December 16.  I will vote to invoke cloture and move the process forward.  I urge my colleagues to do the same.

Colvin hired to lead Bennington County Regional Commission

Wed, 09/28/2022 - 7:43am -- tim

Vermont Business Magazine The Bennington County Regional Commission (BCRC) announced today that Bill Colvin, currently the organization’s assistant director and coordinator of community and economic development programs, will be taking the reins as executive director in the coming weeks. Jim Sullivan, the current executive director, is retiring after 30+ years at BCRC - 12 years as executive director. Colvin was offered the position following an extensive search process conducted by the BCRC’s Executive Committee. Colvin has been with the BCRC for over ten years, having been hired by current executive director, Jim Sullivan, to launch an economic development initiative to serve the region’s seventeen communities.

Vermont Women’s Fund call for new council members

Wed, 09/28/2022 - 6:56am -- tim

Vermont Business Magazine The Vermont Women’s Fund, a component fund of the Vermont Community Foundation, is seeking up to six new council members through its first-ever open application process. From now through October 10th, the Women’s Fund is accepting applications for new council members that will serve three-year terms beginning on December 9th, 2022. The new process is aimed at encouraging a broader and more diverse council as the organization advances its values of shared power, revolutionizing systems, and equity for all. 

Bill Smith: What's local got to do with it?

Wed, 09/28/2022 - 3:47am -- tim

by Bill Smith, NEFCU SVP, Chief Marketing and Retail Officer Sixty years ago, nobody in Vermont said, “local banking.” They didn’t need to. There was only one way to bank--the branch close to your home, or office, or—even closer--right inside the office building itself. Your banker often was a friend or neighbor and personally knew his customers. Banking was by definition local.  I know this because my dad managed one of those branches sixty years ago and I managed one forty years ago. But that was then. What’s local got to do with anything now? For starters, “local” and “banking” are no longer synonymous.

Caledonia Spirits to host event celebrating innovator Cairn Cross

Wed, 09/28/2022 - 3:47am -- tim

Vermont Business Magazine The work of economic development specialist Cairn Cross will be celebrated Friday, September 30 at Caledonia Spirits in Montpelier. Cairn’s work has helped grow the entrepreneur ecosystem in Vermont. In turn, Vermont entrepreneurs have created thousands of jobs. Since it was founded in 2000, FreshTracks has catalyzed more than $500 million in investments to high-growth Vermont companies, including the EatingWell Media Group, still based in Vermont and now a leading national source of diet and wellness information, and SunCommon, which has now helped 8,000 homeowners go solar and expanded to serve customers in New York’s Hudson Valley. 

Korean cosmetics giant acquires Vermont luxury clean beauty brand Tata Harper

Wed, 09/28/2022 - 3:39am -- tim

Vermont Business Magazine Amorepacific has entered into a definitive agreement to acquire Tata’s Natural Alchemy, LLC, known as Tata Harper, a pioneer in natural luxury skincare, in a move that further signals the company’s intention to continue its penetration of global markets with a firm focus on consumers in North America. Tata Harper is based in Whiting. Financial terms were not disclosed, but Amorepacific has set aside $125 million for the transaction, which was announced on September 1 and is scheduled to close October 31. 

King Arthur advances sustainability commitment with 2030 goals for people and the planet

Wed, 09/28/2022 - 3:11am -- tim

Vermont Business Magazine Advancing its commitment to environmental and social stewardship, King Arthur Baking Company (KABC), a 100% employee-owned founding B Corp, today launched its new sustainability platform with planet-forward and people-positive ambitions to restore nature and build a more equitable world. This elevated commitment will guide how King Arthur Baking Company balances purpose and profit to transform operations to meet the company's 2030 sustainability goals: from protecting natural resources through regenerative farming practices to responsible sourcing of ingredients and products to increasing supplier diversity and advancing equity in the baking community.  

Sanders hails removal of side deal from government funding legislation

Tue, 09/27/2022 - 9:01pm -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont) on Tuesday issued the following statement after Majority Leader Schumer (D-N.Y.) announced he was removing Senator Joe Manchin’s (D-WV) big oil side deal from a critical government funding bill: “I want to congratulate the more than 650 environmental groups and community organizations who made clear that, in the midst of the horrific climate crisis that we face, the last thing we need is a side deal which would build more pipelines and fossil fuel projects that would have substantially increased carbon emissions. This is a victory for the survival of the planet and a major loss for the fossil fuel industry."

Tax revenues continue strong performance

Tue, 09/27/2022 - 5:39pm -- tim

by Timothy McQuiston, Vermont Business Magazine The state’s tax revenues continue to exceed expectations, as they have for more than a year. The General Fund, Transportation Fund and Education Fund in August all finished the month with revenue above target, continuing a show of strength early in the fiscal year. The monthly revenue report was released by Secretary of Administration Kristin Clouser today. The state’s three funds were a combined $240.1 million, or 13.8%, above monthly consensus expectations. For the first two months of the fiscal year, combined revenues across all three funds were 8.2% above target. General Fund revenues collected for the month totaled $154.4 million, $26.7 million above the monthly consensus cash flow revenue target. The August numbers reflect a continuation of the above-forecast trend in personal income taxes and corporate income taxes, which handily offset slight misses in meals & rooms tax and estate tax receipts.