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Vermont nets $60 million in job-creating federal tax credits

Wed, 02/14/2018 - 4:01pm -- tim

Vermont Business Magazine Senator Patrick Leahy (D), Senator Bernie Sanders (I) and Representative Peter Welch (D) Wednesday announced that Vermont Rural Ventures will receive $60 million in federal tax credits to spur economic development projects throughout the state. Congress established the New Markets Tax Credit (NMTC) Program in 2000 to spur private investment in economic development projects in communities with high poverty and high unemployment.

Sanders lauds continuation of affordable housing funding

Wed, 02/14/2018 - 3:28pm -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont), a national leader in efforts to increase affordable housing, welcomed a decision by Federal Housing Finance Agency Director Mel Watt to continue funding for the National Housing Trust Fund – which provides hundreds of millions of dollars each year to expand affordable rental housing nationwide. Sanders said he was cautiously optimistic that Vermont will again receive $3 million this year.

Vermont hospitals launch ‘A Healthier State House’ competition

Wed, 02/14/2018 - 12:07pm -- tim

Vermont Business Magazine Vermont legislators, State House staff, lobbyists, and the Scott Administration are being challenged to a dose of healthy competition. The Vermont Association of Hospitals and Health Systems (VAHHS) has teamed up with Rise VT to give lawmakers and elected officials a hands-on experience of what is happening at hospitals around the state where greater investments in primary prevention and wellness and a focus on population health are helping more Vermonters get and stay healthy. 

Scott proclaims February 14 as Recovery Day in Vermont

Wed, 02/14/2018 - 11:39am -- tim

Vermont Business Magazine Governor Phil Scott signed a proclamation Wednesday, declaring February 14 as Recovery Day in Vermont. This designation recognizes the importance of substance use disorder recovery programs, and their critical role in addressing the opioid epidemic. “The opioid crisis is one of the biggest challenges facing Vermont today,” said Scott.

Castleton University releases new graduate tuition rate

Wed, 02/14/2018 - 10:47am -- tim

Vermont Business Magazine Castleton University graduate students will see a reduction in price beginning this summer. Castleton will move to offer all graduate programs at the same rate, regardless of the student’s residency or the program’s delivery model, the university announced today. “Aligning our tuition to one lower rate for our graduate students allows us to serve a broader range of students pursuing master’s degrees,” President Karen M. Scolforo said.

Commentary: Expanding the labor force is essential

Wed, 02/14/2018 - 10:39am -- tim

by Sarah Buxton and Dustin Degree In April 2009, there were 361,200 people in Vermont’s labor force – an all-time high. Today we have 15,540 fewer workers. If nothing changes, in about 7 years there could be one working Vermonter for each person who is not in the labor force. If you exclude the Burlington area, we’re about four years away from this reality. 

Brattleboro Retreat program gets nod as 'Leading Practice' from commission

Wed, 02/14/2018 - 7:20am -- tim

Vermont Business Magazine The Brattleboro Retreat’s inpatient unit treatment programming known as Acceptance and Commitment Therapy (ACT) has been adopted by The Joint Commission as a Leading Practice for Hospital and Behavioral Health Programs. Submissions to the Joint Commission’s Leading Practice Library undergo rigorous clinical review. According to Joint Commission officials, the Retreat’s ACT programming was accepted because “it supports quality and safety, and is felt to be of benefit to other organizations.”

TRORC receives $40K water quality grant

Wed, 02/14/2018 - 3:08am -- tim

Vermont Business Magazine The Two Rivers-Ottauquechee Regional Commission (TRORC) has been awarded a $40,000 grant from the Vermont Department of Environmental Conservation, as part of the U.S. Environmental Protection Agency pass-through funds for Water Quality Management Planning.  Funding will allow TRORC and other Regional Planning Commissions to conduct data collection, prepare stormwater master plans, conduct outreach, and work with municipalities on possible support for reclassification of surface waters, wetlands, and Outstanding Resource Waters.

Make-A-Wish Vermont announces multi-year partnership with TPW Real Estate

Tue, 02/13/2018 - 4:53pm -- Denise Sortor

Vermont Business Magazine Make-A-Wish Vermont has announced a partnership with TPW Real Estate for a multi-year commitment that will fund a wish a year over the next five years.  Make-A-Wish creates life-changing experiences for children with critical illnesses. The TPW Real Estate partnership will allow for the granting of five of those wishes for Vermont’s most seriously ill children.

Vermont consumers to get checks for Provigil settlement

Tue, 02/13/2018 - 4:48pm -- tim

Vermont Business Magazine Checks are being mailed to Provigil consumers in connection with the settlement between Vermont and 47 other states, and drug company Cephalon and affiliated companies (now part of Teva Pharmaceutical Industries). In August 2016, state attorneys announced the settlement. The settlement resolved allegations that the companies engaged in unlawful "pay-for-delay" anticompetitive conduct involving the patent exclusivity for Provigil.

Mike Smith named interim president and CEO of VITL

Tue, 02/13/2018 - 3:04pm -- tim

Vermont Business Magazine The Board of Directors of Vermont Information Technology Leaders, Inc (VITL) announced today that Michael K Smith will become Interim President and Chief Executive Officer of VITL on February 20, 2018, following the end-of-year retirement of John Evans, who lead VITL for five years and helped create Vermont’s health information highway through VITL’s online patient medical records portal known as VITL Access.