by Hilary Niles vtdigger.org Jay Peak Resort’s multi-million dollar side projects in Newport and Burke are delayed due to a slow-down in investor recruitment. Federal backlogs and increased scrutiny of all projects financed through the EB-5 Immigrant Investor Program have jammed up the ventures, which are part of the resort owners’ ambitious Northeast Kingdom Economic Development Initiative.
by Anne Galloway vtdigger.org Two years ago, Governor Peter Shumlin was riding high on a wave of popularity. The governor’s approval rating was 65.1 percent in the spring of 2012 as the election season began, thanks in no small part to the successes of his first term in office.
Vermont Business Magazine After a long downward trend, new unemployment claims in Vermont increased for the second time last week. For the week of April 12, 2014, there were 904 new, regular benefit claims for Unemployment Insurance in Vermont. This is an increase of 73 from the previous week's total, and 164 fewer than they were a year ago.
Vermont Business Magazine Vermont’s unemployment rate is now second lowest in the nation, behind only North Dakota (2.6 percent). Driven by an increase in jobs and a steep decline in the number of unemployed, Vermont's unemployment rate fell again in March to 3.4 percent, a level not seen since well before the national economy collapsed in 2008. This is the lowest Vermont seasonally adjusted unemployment rate since June 2005. The March rate represents a decrease of three-tenths of a percent from the February rate of 3.7 percent.