by Public Assets Institute Vermont’s unemployment rate dropped below 4 percent in February, but the state still struggles to turn lower unemployment into more people working. In February, for example, unemployment went down by 433, but the number of people employed increased by just 128. The last time Vermont’s unemployment rate was at this level, in May 2007, there were 5,600 more Vermonters working. Private employers reported 600 fewer jobs in February than in January.
by Anne Galoway vtdigger.org Governor Peter Shumlin has asked the state’s chief financial regulator to probe plans for a massive Northeast Kingdom development after a state agency raised significant and critical questions about the finances for a multimillion dollar biotech project in Newport. State approval for AnC Bio Vermont was suspended in August.
The Vermont Agency Foundation held its third annual Casino Night on Saturday March 14th at the Burlington Hilton. With more than 100 guests in attendance, $5,300 was raised to benefit KidSafe Collaborative. KidSafe Collaborative of Chittenden County has a mission to engage agencies, community groups and individuals to work together to improve our community’s prevention of and response to child abuse and neglect.
Berkshire Bank is seeking volunteer opportunities for their upcoming Company-Wide Week of Service June 8 – 12. During the week, more than 300 bank employees are expected to participate in a series of service projects to help the communities in which the bank operates. Berkshire Bank is seeking service projects of all sizes, but generally should engage between 5 to 50 employees using a mix of skilled and non-skilled labor.
by Elizabeth Hewitt vtdigger.org The budget bill won preliminary approval from the House Thursday with a vote of 96 in favor and 46 opposed. The roll call vote came hours after an accompanying bill that raises $35 million in new income taxes passed the House by a slim margin. Legislators faced an unusual challenge with the budget bill this session.
Vermont Business Magazine Weekly unemployment claims fell for the third week, which continues a steady decline over the last month. For the week of March 21, 2015, there were 557 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 125 from the previous week's total, and 61 fewer than they were a year ago.
Green Mountain Economic Development Corporation (GMEDC) has hired Robert (Bob) Haynes to be its new executive director, replacing Joan Goldstein, who is leaving GMEDC to become Vermont’s commissioner of economic development in late April. Goldstein served six years as executive director of GMEDC. Under her tenure the regional development corporation for Northern Windsor and Orange counties was able to diversify services with real estate investments, brownfields and flood recovery grants, and innovative workforce development projects and programs.
Vermont Business Magazine and the Vermont Chamber of Commerce announced the ranking of the top thirty Best Places to Work in Vermont 2015 Thursday evening at an awards ceremony at the Echo Lake Aquarium and Science Center before over 270 attendees. The companies represented all have the honor of saying they are a Best Place to Work in Vermont.
Vermont Business Magazine While the new jobless rate numbers were driven mostly by significant decreases in the labor force and in the number of unemployed, there was also an increase in the number of people employed. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for February was 3.9 percent. This represents a decrease of two-tenths of a percent from the revised January rate (4.1 percent).
Vermont lawyer Michael Wool became chair of the New England Board of Higher Education (NEBHE) at the board's annual spring meeting. A native Vermonter, Wool has practiced law in Burlington since 1972. He provides tax and strategic advice in contexts ranging from family business matters to complex interstate and multinational transactions. He has served on several civic boards, including the Boys & Girls Club of Burlington.
This afternoon, the US House of Representatives overwhelmingly approved legislation that resolves a long standing dispute over the reimbursement of physicians participating in the Medicare program. Representative Peter Welch (D-Vermont) voted for the legislation which included two Welch-authored rural health care provisions of critical importance to Vermont. The inability of Congress to resolve the dispute in recent years has led to unacceptable delays in physician reimbursement and uncertainty for doctors and seniors in the operation of medical practices.