Current News

-A A +A

PAI: Revised 2018 numbers, more jobs, fewer workers

Mon, 03/11/2019 - 4:00pm -- tim

Public Assets Institute Vermont lost 1,200 jobs in January 2019. But revised figures from the US Bureau of Labor Statistics (BLS) show that 2018 was better than previously reported. The state added more than 3,000 nonfarm payroll jobs between January and December, an improvement over data released during the year, which had shown a loss of almost 1,000 jobs. The BLS releases revised data each year in March.

The Big Cheeses: Vermont makers awarded five Best in Class ribbons

Mon, 03/11/2019 - 1:23pm -- tim

Vermont Business Magazine The Vermont Cheese Council (VCC), an organization dedicated to the production and advancement of Vermont Cheese, announced that 5 cheese companies, all members of the Vermont Cheese Council were awarded 20 ribbons including 5 Best in Class at the United States Championship Cheese Contest in Green Bay, WI. The United States Championship Cheese Contest is the premier technical cheese, butter, and yogurt competition. 2019 marks the 20th biennial edition, hosted by the Wisconsin Cheese Makers Association with over 2303 entries from across the US. 

Vermont unemployment rate 2.5 percent, historic low

Mon, 03/11/2019 - 11:21am -- tim

Vermont Business Magazine According to household data, the seasonally-adjusted statewide unemployment rate for January was 2.5 percent. This reflects a decrease of one-tenth of one percentage point from the revised December rate. At 2.5 percent, this is the lowest monthly estimate for the seasonally-adjusted statewide unemployment rate for Vermont since the US Bureau of Labor Statistics online historical series started in 1976. Vermont’s unemployment rate is tied for third lowest in the nation behind Iowa and New Hampshire (2.4 percent).

Speakers lay out strategic paths for advancing local creative sector

Mon, 03/11/2019 - 8:32am -- tim

Vermont Business Magazine Chittenden County artists and members of the creative sector are invited to a Vermont Creative Network ‘mashup’ event highlighting opportunities to work together for improvement of the creative sector in the region: Thursday, April 11, at Darkroom Gallery, 12 Main Street, Essex Junction, from 10am to noon. Presented by the Chittenden County Zone of the Vermont Creative Network and hosted by Kristin Humbargar, founder of the Essex Hub co-working spaces, the free mashup brings together local hospitality and lightning presentations, including the reveal of an upcoming statewide creative sector strategic planning initiative facilitated by the Vermont Creative Network.

Governor Scott to declare March colorectal cancer awareness month

Mon, 03/11/2019 - 6:45am -- tim

Vermont Busines Magazine Governor Phil Scott will proclaim March as Colorectal Cancer Awareness Month in Vermont at a proclamation signing ceremony on Tuesday. The American Cancer Society estimates that there will be 101,420 new cases of colon cancer and 44,180 cases of rectal cancer in the U.S. in 2019, and that 51,020 deaths from colorectal cancer will occur in 2019.  In Vermont almost 300 people will be diagnosed with colorectal cancer this year and more than 100 will lose their lives this year because of this disease.

Vermont State Police identify trooper in officer-involved shooting

Sun, 03/10/2019 - 8:16pm -- tim

Vermont State Police The Vermont State Police is identifying the trooper involved in the early Saturday officer-involved shooting in Rockingham as Sgt Eugene Duplissis. He has been a member of the Vermont State Police since July 2001 and is assigned to the Office of Professional Development in Pittsford. Duplissis also is a member of the state police’s Tactical Services Unit. The incident eventually resulted in the arrest of suspect John-Victor Wetherby, who suffered a single graze-type wound and was immediately taken into custody and rendered medical assistance. He was jailed on warrants for aggravated assault, among other charges.

Norwich President Schneider to be recognized March 15

Sun, 03/10/2019 - 4:57am -- tim

Vermont Business Magazine The Capitol Plaza Hotel and Conference Center in Montpelier will be “Wearin’  the Green” on Friday March 15 as the Central Vermont Chamber of Commerce congratulates, recognizes and thanks Norwich University President Richard Schneider for his leadership and contributions to Central Vermont. Dr Schneider has will be honored at The Chamber’s Third Annual Saint Patrick’s Day Breakfast. The event is open to the public.

North Star Leasing commemorates 40 years with monumental plans

Sat, 03/09/2019 - 3:30pm -- tim

Vermont Business Magazine North Star Leasing Company, a leading provider of equipment financing solutions based in Burlington, has announced they will be reaching a major milestone in 2019. On June 29 of this year, the company will have successfully helped businesses grow for 40 years.  Since its inception in 1979, the company has funded over 49,000 transactions totaling over $500 million.

Fixed income commentary: The pause that refreshes

Sat, 03/09/2019 - 10:30am -- Brandon

by Steven Killoran, Vice President Business Development, Maple Capital Management, Inc As we indicated last month, the Fed has paused its campaign of raising rates each quarter after a plethora of negative developments in financial markets late last year caused financial conditions to tighten. This pause is refreshing for those who feared this Fed was going to repeat the mistakes of the past and go too far by bringing the growth cycle to an end.

Community Bank reaches $17,500 goal for WARMTH challenge grant

Sat, 03/09/2019 - 8:13am -- tim

Vermont Business Magazine Community Bank NA recently presented Champlain Valley Office of Economic Opportunity (CVOEO) with a $17,500 donation as part of a challenge grant pledged in December. The bank partnered with CVOEO to raise money for the organization’s WARMTH program by matching WARMTH donations dollar for dollar during December, up to a total of $17,500. Statewide, overall donations totaled more than $120,430 to help low-income Vermont families stay warm this winter.

Inaugural Rutland County “Peanut Butter & Jam Slam” kicks off March 18

Sat, 03/09/2019 - 6:45am -- Brandon

Vermont Business Magazine United Way of Rutland County (UWRC) and Southwestern Vermont Council on Aging (SVCOA) have teamed up to launch Rutland County’s first “Peanut Butter & Jam Slam,” a friendly, competitive food drive challenge designed to help local food shelves during low supply months.