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Vermont less affected by Fed shutdown than you might think

Mon, 01/22/2018 - 12:39pm -- tim

Vermont Business Magazine With the US government closed for business for the 19th time since 1976, the personal-finance website WalletHub today released its report on the States Most & Least Affected by the 2018 Government Shutdown to add some hard data to all the rhetoric. Vermont is relatively low on the list, ranked 41st (New Hampshire, 40th), especially considering that in a separate study the state is ranked one of the highest ranking (5th) in its overall budget dependent on federal finances. WalletHub compared the 50 states and the District of Columbia in terms of six key metrics, ranging from each state’s share of federal jobs and contracts to the percentage of kids covered by CHIP.

People's United declares cash dividend on preferred stock

Mon, 01/22/2018 - 12:11pm -- tim

Vermont Business Magazine People's United Financial, Inc (NASDAQ: PBCT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3515625 per share on the Company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock.  The dividend is payable on March 15, 2018 to shareholders of record at the close of business on March 1, 2018.

Advocates plan events in Vermont for School Choice Week

Mon, 01/22/2018 - 12:01pm -- tim

Vermont Business Magazine School Choice Week began in Vermont and across America on Sunday, with the goal of raising awareness about the options that parents have for their children's education. The Week will feature 55 events and activities across the Green Mountain State, including open house events at schools, school fairs, homeschool information sessions, and other celebrations. In addition, a day of events is planned on Wednesday, January 24 at the Vermont State House and Capitol Plaza.

TJ Donovan: If you build it, you gotta fill it

Mon, 01/22/2018 - 10:37am -- tim

by Attorney General TJ Donovan Governor Scott’s administration has proposed a new 925-bed prison campus at a cost of more than $140 million dollars. Before we move forward with such a significant undertaking, Vermonters should ask some tough questions about whether there is a better way to address the need for correctional facilities in the State of Vermont.

State ready for federal shutdown

Mon, 01/22/2018 - 10:16am -- tim

Vermont Business Magazine Governor Phil Scott has advised that the State of Vermont has prepared for the possibility of a shutdown of the federal government. This week, the Agency of Administration directed agencies and departments to draw down all available federal funds due to the State, ensuring accounts are as current as possible. The Agency of Administration and the Department of Finance and Management have also worked with Treasurer Beth Pearce to confirm the state has the necessary cash-on-hand to endure a short-term shutdown.

Killington becomes largest EV charging hub in New England

Mon, 01/22/2018 - 10:14am -- tim

Vermont Business Magazine Vermont’s Killington Resort, the largest ski and snowboard resort in Eastern North America and a POWDR company, is New England’s largest electric car charging hub with a total of 45 electric vehicle (EV) chargers throughout the resort’s properties. As a part of POWDR’s Play Forever sustainability efforts Killington Resort and Pico Mountain partnered with Tesla to add additional electric vehicles chargers throughout Killington Resort and Pico Mountain. Thirty Tesla EV chargers and 15 universal charges were installed across the resort at the Sykeship Base Area, Snowshed Base Area, Snowshed Upper Parking Lot, K-1 Base Area and Pico Mountain Base Area for a total of 45 electric car chargers.

Tebbetts: Quality in water and farming

Sun, 01/21/2018 - 11:47am -- tim

by Agriculture, Food and Markets Secretary Anson Tebbetts As you go about your day, it’s likely you pass a farm – or two or more – along the way. Hidden in hamlets and stretched out in the valleys, Vermont’s farms are part of our daily lives. And although farmers have worked the land for over a century, there may be something unexpected, yet rooted in Vermont, happening behind the scenes.

Vermont to host national Beer Marketing & Tourism Conference in March

Sun, 01/21/2018 - 4:39am -- tim

Vermont Business Magazine Vermont will host the 2018 Beer Marketing & Tourism Conference on March 6-8. The Beer Marketing & Tourism Conference will take place at the Doubletree by Hilton Hotel Burlington Vermont with optional excursions planned at Hotel Vermont in Burlington, Trapp Family Lodge Bierhall in Stowe, and Sugarbush Resort in Warren.

Vermont's Greenest Building Awards competition now open for submissions

Sat, 01/20/2018 - 4:20am -- tim

Vermont Business Magazine Vermont Green Building Network’s (VGBN) sixth annual Vermont’s Greenest Building Awards Competition is now open for submissions. This statewide competition recognizes residential and commercial buildings that meet the highest standard of demonstrated building energy performance. 2017 awards will be judged on an expanded definition of “green” building, including the consideration of energy, water, health, transportation, size of residence and affordability.

Vermont Unemployment Rate Declines to 2.8 percent in December

Fri, 01/19/2018 - 4:32pm -- john@vermontbiz.com

Vermont Business Magazine The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for December was 2.8 percent. This reflects a decline of one-tenth of one percentage point from the revised November rate. The national rate in December was 4.1 percent. As of the prior month’s preliminary data, the Burlington-South Burlington Metropolitan NECTA was tied for the ninth lowest unemployment rate in the country for all metropolitan areas.

Governor Phil Scott's Vermont outdoor recreation economic collaborative releases recommendations

Fri, 01/19/2018 - 1:10pm -- john@vermontbiz.com

Vermont Business Magazine Governor Phil Scott was joined by his Vermont Outdoor Recreation Economic Collaborative Steering Committee (VOREC), Thursday, to present the group’s first report, which recommends strategies to strengthen and expand Vermont’s outdoor recreation economy.

Business, municipal, and environmental leaders call on lawmakers to take action on long-term water funding

Fri, 01/19/2018 - 12:00pm -- john@vermontbiz.com

Vermont Business Magazine Business, municipal, and environmental leaders came together today to express shared support for long-term clean water funding via a parcel fee, and the establishment of a Clean Water Authority to collect and distribute those funds to on-the-ground clean water projects.

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