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.
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.
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.
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 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.
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.
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).
Vermont Business Magazine Peregrine Design/Build has announced that Jillian Bartolo and Griffin Allen, two long-time employees, will be taking over ownership of the company upon Tim Frost’s retirement in 2024. Collectively, Jillian and Griffin bring 20 years of design & construction experience to this leadership role.
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.
Vermont Business Magazine For the second year in a row, Rutland Regional Medical Center is one of America’s 100 Best Hospitals for Joint Replacement according to new research released by Healthgrades, the leading resource that connects consumers, physicians and health systems.