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Weekly unemployment claims fall further

Fri, 08/17/2018 - 11:30am -- tim

Vermont Business Magazine Extremely low weekly unemployment claims fell again last week. For the week of August 11, 2018, there were 263 claims, 56 fewer than than they were the previous week, and 103 fewer than they were a year ago. Altogether 3,404 new and continuing claims were filed, a decrease of 98 from a week ago, and 391 fewer than a year ago. For most weeks of 2017 and 2018 claims have been below the year before. Vermont is currently in a historically low period of unemployment.

July unemployment rate holds at 2.8 percent, but jobs fall

Fri, 08/17/2018 - 10:48am -- tim

by Timothy McQuiston, Vermont Business Magazine Vermont lost workers in July and the labor force was also down for the first time in several months. The number of unemployed was up slightly, indicating that all three broad indicators were negative. Nonfarm employment, both adjusted and not adjusted for July, is below the level of 2017 and 2016. Still, the unemployment rate for July 2018 held at 2.8 percent, where it's been for several months. The Labor Force is the denominator in these equations, so if it's down, it can make the rate look relatively better than the actual employment numbers might suggest. The Vermont Department of Labor released the data today. 

Training available for DoD Wide Area Workflow (WAWF)

Fri, 08/17/2018 - 5:31am -- tim

Vermont Business Magazine The Vermont Procurement Technical Assistance Center (VT PTAC) invites Vermont businesses to join them and Aysis, Inc. for a free, full-day, hands-on workshop on Wednesday, August 22, 2018, in Williston, VT to help Vermont businesses understand Wide Area Workflow (WAWF), a secure, Web-based system for electronic invoicing, payment receipt, and acceptance.

Vermont Foodbank teams-up with Allstate Foundation to fight hunger

Fri, 08/17/2018 - 2:27am -- tim

Vermont Business Magazine Allstate Agency Owners are coming together to support the Vermont Foodbank by holding a donation drive in their agencies from now until Sept. 15. Agency owners are calling on residents to support local families and youth as they begin the new school year by donating items for the Foodbank’s BackPack Program, an initiative that distributes kid-friendly, nonperishable, vitamin-fortified food to students in need.

Leahy says Kavanaugh misled Senate already

Thu, 08/16/2018 - 5:06pm -- tim

Vermont Business Magazine Senators Dianne Feinstein (D-CA), Patrick Leahy (D-VT) and Dick Durbin (D-IL) Thursday asked Judiciary Committee Chairman Chuck Grassley (R-Iowa) to join a request for Judge Kavanaugh’s Staff Secretary records and to publicly release the documents now. Feinstein is the Judiciary Committee’s Ranking Member, and Leahy and Durbin are also senior members of the committee.

EPA awards Vermont more than $263,000 to improve air quality

Thu, 08/16/2018 - 4:05pm -- tim

Vermont Business Magazine The US Environmental Protection Agency (EPA) has awarded $263,581 to the State of Vermont to improve air quality. Funding was provided to the Vermont Department of Environmental Conservation to support air monitoring to measure the particulate matter in the air by collecting high quality data to demonstrate that the area is within the federal air quality standards for particulate matter, also known as PM 2.5.

Governor names members of Violence Prevention Task Force

Thu, 08/16/2018 - 3:44pm -- tim

Vermont Business Magazine Governor Phil Scott today announced the appointment of 19 Vermonters to serve on his Community Violence Prevention Task Force. The Governor created the Task Force in Executive Order 03-18 as part of the Administration’s broader efforts to ensure Vermont continues to be one of the safest states in the country.

Report: Vermont is expensive for the wealthy

Thu, 08/16/2018 - 2:10pm -- tim

Vermont Business Magazine In a survey of state taxes, national personal financial adviser SmartAsset modeled income, property and estate tax payments for wealthy households to find the states where "it costs the most to be rich," and Vermont ranks in the number two spot. The rankings largely tracked the Blue State (Democratic) versus Red State (Republican) politics. It generally also followed wealthier per capita states versus poorer states on a per capita basis, with a few outliers.

Resort owner violated child labor laws, including at Bromley

Thu, 08/16/2018 - 1:20pm -- tim

Vermont Business Magazine Following an investigation by the US Department of Labor’s Wage and Hour Division (WHD), The Fairbank Group LLC will implement extensive corrective measures to resolve violations of the child labor requirements of the Fair Labor Standards Act (FLSA) and ensure future compliance at its three recreational resorts. The company has also paid a $21,582 penalty. 

A.M. BestTV talks captive insurance at Vermont conference

Thu, 08/16/2018 - 12:13pm -- tim

Vermont Business Magazine A.M. Best brought its A.M.BestTV to the DoubleTree in South Burlington last week to film episodes at the annual Vermont Captive Insurance Association (VCIA) conference. This is the largest such conference in the world and Vermont is the largest captive insurance domicile in the US and second largest globally. In the reinsurance episode, a panel of captive insurance and reinsurance experts said captives, which are typically smaller insurance organizations, look to reinsurers as much for capital as for business expertise.

Garlicfest keeps fresh with VIP hour and Rich Earth Institute in its 23rd year

Thu, 08/16/2018 - 11:12am -- tim

Vermont Business Magazine Less than 12 hours after launching the “Garlic Fest 2018 Official Event – Sept 1-2” on Facebook, the Bennington Area Chamber reports that the event had 2,100 interested people and over 190 shares. The event is now at 12,000 interested on Facebook and just shy of 1,000 shares with little under two weeks to go until the event. This only proves that the beloved “Garlicfest” of Southern Vermont still has the interest and demand that has pushed it forward over the past 23 years.

Top Ten issues affecting real estate 2018-19

Thu, 08/16/2018 - 8:50am -- tim

Vermont Business Magazine David G White, CRE, President, White + Burke Real Estate Investment Advisors, Inc. has shared the 2018-19 Top Ten Issues Affecting Real Estate—the issues and trends most likely to impact commercial and residential real estate. White is a member of The Counselors of Real Estate, the global professional association which annually creates this list. Members of The Counselors organization are recognized property experts who provide specialized, objective real estate advisory services to clients. 

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