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August 2022 - News & Announcements from NVDA

Sun, 07/31/2022 - 3:41am -- tim

Vermont Business Magazine Northern VT Economic Development District (NVEDD) has launched a new website. This District includes six Vermont counties located in close proximity to the Canadian border. The counties share economic interests that include a rural working landscape, stable manufacturing sector, and a robust tourism trade. NVEDD's redesigned website contains a valuable Funding Opportunities Search Tool available to businesses, nonprofits, and municipalities for planning and infrastructure-related projects. Looking to leverage ARPA money? Users can filter the database by category, eligible recipient, and funding source to access specific up-to-date funding opportunities.

Citizens Business Conditions Index moderates from Q1 peak

Sat, 07/30/2022 - 1:51pm -- tim

Vermont Business Magazine Citizens announced Friday that the national Citizens Business Conditions Index (CBCI) dropped to 52.9 in the second quarter of 2022, down from its eight-year peak of 59.5 at the end of the first quarter, but extending its streak to seven straight quarters above 50, indicating continued growth conditions for businesses. Citizens has bank branches across Vermont.

Vermont Open Farm Week celebrates 8 years, August 7-14

Sat, 07/30/2022 - 6:05am -- tim

Vermont Business Magazine For the eighth consecutive year, farmers across Vermont will once again open their barn doors and garden gates to welcome the public for a behind-the-scenes look at Vermont’s vibrant working landscapes. Vermont Open Farm Week 2022 will be held Sunday, Aug. 7 through Sunday, Aug. 14, and feature over 105 events at over 53  farms across the state. Events are live and sorted by day and location on Open Farm Week is a celebration of Vermont farms offering visitors a backstage pass to learn more about local food origins, authentic agritourism experiences, and the chance to build relationships with local farmers.

Heritage Aviation ranked in top 5% of B Corps 'Best for the World – WORKERS'

Sat, 07/30/2022 - 3:29am -- tim

Vermont Business Magazine Heritage Aviation Inc, a 100% Employee-Owned company and Certified B Corporation located at the Burlington International Airport, has been recognized by B Lab as one of the Best for the World 2022 B Corps for their excellence in the “Workers” category. Heritage ranked in the top 5% of the Best for the World – “Workers” out of all B Corporations in the world in the 50 – 249 employee class. Heritage Aviation also received this distinction in 2019 and 2021 after becoming a Certified B Corporation in 2018. In addition, Heritage Aviation has been a “Best Place to Work in Vermont” company for six consecutive years (2017-2022).

Amtrak launches Burlington service

Fri, 07/29/2022 - 6:50pm -- tim

by C.B. Hall, Vermont Business Magazine For Burlington, July 29, 2022, was a red-letter day. The Queen City witnessed - and celebrated - the return of regularly scheduled intercity passenger rail service after a 69-year hiatus, as Amtrak extended its geographic reach for the first time since 2017. The launch brought the national passenger rail provider's Ethan Allen Express train 67 miles north of its previous northern terminus, Rutland. The daily train's southern terminus is New York City's Penn Station. The daily service will traverse the 308 miles between there and Burlington Union Station in just over seven and a half hours, leaving southbound at 10:10 am and arriving back in Burlington at 9:55 pm. The newly served stops also include Middlebury and Ferrisburgh-Vergennes.

Amtrak: A little history

Fri, 07/29/2022 - 6:49pm -- tim

by C.B. Hall, Vermont Business Magazine Passenger trains began serving Vermont's largest city in 1849, when rail routes were completed from White River Junction and Rutland by the rival Central Vermont and Rutland and Burlington railroads, respectively. The R&B got to Burlington first, with an inaugural departure on December 24. The CV's first train pulled out the next day – Christmas. The R&B had its first depot near the corner of what are now Battery and Maple streets, while the CV's long-vanished route looped through the heart of what is now Burlington's downtown, with a depot on a site that currently accommodates the city's library. Via onward connections from Rutland, the R&B offered a ride to Boston for the princely sum of six dollars. For many decades, passenger traffic was abundant – and there was plenty of milk and butter for the freights to carry – but better roads, the advent of automobiles and trucks, and, at least for the Rutland, a succession of labor disputes began to take their toll in the first half of the 20th century.

VDH confirms first positive monkeypox case in Vermont

Fri, 07/29/2022 - 5:17pm -- tim

Vermont Business Magazine Today the Vermont Department of Health identified a positive case of human monkeypox virus infection, or hMPXV, in Vermont. The patient, an adult from Franklin County, is at home recovering under the supervision of their physician at the University of Vermont Medical Center, in coordination with the Vermont Department of Health and the Centers for Disease Control and Prevention (CDC). Confirmatory testing is being performed at the CDC. At UVM Medical Center, a multidisciplinary team has been coordinating preparedness for Monkeypox, and will continue to work with the Vermont Department of Health and CDC.

Leahy sends CHIPS bill to president to sign

Fri, 07/29/2022 - 5:09pm -- tim

Senator Patrick Leahy, D-Vermont, and President Pro Tem of the Senate, said: “Today I was pleased to make my first official act on returning to the Capitol my signing of the CHIPS + Science bill.”  His signature, and Speaker Nancy Pelosi’s (D-Calif.), are requisite before congressionally passed bills can be sent to the President’s desk for his signature. 

Department of Public Safety announces additional SurviVermont sessions

Fri, 07/29/2022 - 5:02pm -- tim

Vermont’s Department of Public Safety has announced a new public safety initiative, called SURVIVERMONT. This program is a community caretaking initiative created to educate and empower Vermonters with actions they can take to protect themselves and family members if they are confronted with an active shooter or violent threat situation. Supported by a grant from the Department of Justice’s Bureau of Justice Assistance, SURVIVERMONT combines three easy-to-remember concepts from established federal public safety programs: See Something, Say Something; Run, Hide and Fight; and Stop the Bleed. They've also added more sessions.

Senator Leahy returns home after hip surgery rehab

Fri, 07/29/2022 - 2:17pm -- tim

Vermont Business Magazine Senator Patrick Leahy (D-Vermont) was discharged Friday from the rehabilitation facility where he has undergone a rigorous schedule of twice-daily physical therapy sessions for several weeks. He has returned with Marcelle to his house in McLean, Virginia. He, Marcelle and his medical team are pleased with the progress that he has made after two surgeries related to his hip replacement. On the way to his house, he went to the Capitol to sign the newly passed CHIPS + Science Bill.

Casella reports 2Q 2022 results and raises fiscal year 2022 guidance

Fri, 07/29/2022 - 1:33pm -- tim

Vermont Business Magazine Casella Waste Systems, Inc of Rutland reported its financial results on Thursday, which show a strong second quarter. The company raised its revenue, net income, Adjusted EBITDA, net cash provided by operating activities, and Adjusted Free Cash Flow guidance ranges for the fiscal year ending December 31, 2022. And for the first time in Casella's history, consolidated revenues surpassed $1.0 billion for the 12 months ended June 30, 2022.

Economists: State revenues should remain strong despite risks

Fri, 07/29/2022 - 1:21pm -- tim

Vermont Business Magazine The state economists are expecting historic tax revenues to continue to grow through the next two fiscal years, though easing back by FY24. Personal and corporate taxes, along with rooms & meals and the sales tax, will lead the way, as they have over the last two years. Downside risks include a tight labor market, housing costs, inflation, supply chain issues, the Russian invasion of Ukraine, the ongoing pandemic and the frankly uncertain effects of the Fed action to increase interest rates. On the other hand, there is no expectation of a spike in the unemployment rate nor in a housing collapse. Americans have an enormous amount of stored-up wealth and pent-up demand.