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PAI: Vermont’s labor force hits a 15-year low

Fri, 08/18/2017 - 4:57pm -- tim

Public Assets Institute In July Vermont’s labor force dropped to its lowest level in 15 years. The labor force comprises people who are employed, including self-employed, and those who are unemployed but actively job hunting. Vermont’s labor force fell to 343,850 last month—the lowest level since July 2002, when it numbered 343,835. The unemployment rate also dropped in July, to 3.1 percent. The decline in the labor force tells us that unemployment shrank not because people found jobs, but because they stopped looking.

Senators press DHS on de-emphasis of domestic terrorism efforts

Fri, 08/18/2017 - 4:55pm -- tim

Vermont Business Magazine In the wake of the deadly attack stemming from a far-right demonstration in Charlottesville, lawmakers led by US Senator Patrick Leahy (D-Vermont) are pressing the Department of Homeland Security on questions arising from the Trump Administration’s apparent de-emphasis on protecting Americans from domestic terrorism, especially the Administration’s apparent decision to de-emphasize combating far-right extremism.

Unemployment rate down to 3.1 percent, but labor force falls

Fri, 08/18/2017 - 10:22am -- tim

Vermont Business Magazine All three broad-based measures fell in July's unemployment report, as the number of those looking for work declined in Vermont, but so too did the labor force and total employed, both for the month and year-to-year. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for July was 3.1 percent.

Weekly unemployment claims slip to 366

Fri, 08/18/2017 - 10:21am -- tim

Vermont Business Magazine Weekly unemployment claims fell slightly last week to remain at a low summer-time level. Claims had been falling steadily since early July. Claims also are lower than they were the same time last year, which has been the usual case for most weeks in 2017. For the week of August 12, 2017, there were 366 claims, down 26 from the previous week's total and 184 fewer than than they were a year ago.

Step Ahead raises over $7 million to bring groundbreaking water technology to consumers

Fri, 08/18/2017 - 9:53am -- tim

Vermont Business Magazine Step Ahead Innovations, Inc, creators of the revolutionary MindStream aquarium water monitoring system, has announced that it has completed a recent $1.5 million capital round, which moves the firm aggressively towards bringing its innovative water monitoring technology to market. This latest round brings the total amount raised by the Burlington company in seven rounds of funding to over $7 million, a substantial amount for a Vermont technology start-up.

Scott announces $1 million grant for Bennington redevelopment

Thu, 08/17/2017 - 5:07pm -- tim

Vermont Business Magazine Governor Phil Scott today joined local, state and federal partners to announce a $1 million Community Development Block Grant (CDBG) to the Town of Bennington. The federal grant will help redevelop the historic Putnam Block, which will include six properties and more than four acres, in downtown Bennington.  

Governor Scott statement on the ongoing response to events in Charlottesville

Thu, 08/17/2017 - 4:23pm -- tim

Governor Scott: “This is a very concerning time for our nation, and many Vermonters have asked my thoughts about the events in Virginia, as well as the President's response. Rather than issue another written statement, I wanted to take just a few minutes to respond personally. “First, I'd like to offer my condolences to the families of Heather Heyer, the courageous young woman who lost her life, and Virginia Troopers Cullen and Bates who died in a helicopter crash while keeping watch on the rally."

Welch, Cummings launch investigation of skyrocketing prices for MS drugs

Thu, 08/17/2017 - 4:17pm -- tim

Vermont Business Magazine Today, Representative Elijah E Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Representative Peter Welch of Vermont, a senior Democrat on both the Oversight Committee and the Committee on Energy and Commerce, sent letters to seven pharmaceutical companies requesting information about their pricing strategies for drugs used to treat Multiple Sclerosis (MS).

Vermont ranks ninth in place to live 'richer life'

Thu, 08/17/2017 - 2:41pm -- tim

Vermont Business Magazine For the second consecutive year, New Hampshire ranks as the Number 1 state for families to live richer lives, finds a new study by personal finance website GOBankingRates. Vermont ranked Number 9. Vermont ranked highly because of education, median household income and safety. But its rank was lowered by its cost of living.

Killington announces ski World Cup tickets on sale Sept 7

Thu, 08/17/2017 - 2:16pm -- tim

Vermont Business Magazine Vermont’s Killington Resort, the largest ski and snowboard destination in Eastern North America, announced that tickets for the 2017 Audi FIS Ski World Cup will go on sale Thursday, September 7 at 9 am ET at Taking place November 25-26, the World Cup will once again bring the women’s giant slalom and slalom races to Vermont and is expected to attract US Ski Team superstar Mikaela Shiffrin to compete against the best women’s technical alpine skiers in the world.