Vermont Business Magazine Attorney General TJ Donovan announced today that Vermont has received $58.9 million from tobacco companies; $29 million of the total amount is the result of a recent settlement with tobacco companies. This $29M is on top of the annual payment Vermont receives each April from these companies related to the 1998 “Master Settlement Agreement” (MSA). Between the recent settlement and annual MSA payment, Vermont received the $58.9 million last Thursday.
Vermont Business Magazine Twenty entrepreneurs throughout Vermont have been selected to participate in a free executive-level training course that started April 20 at Vermont Technical College in Williston. Emerging Leaders is a Small Business Administration training program for entrepreneurs wanting to expand their small businesses. During the seven-month course the 20 students will work with their instructor and a network of industry experts to create a three-year strategic growth action plan.
Vermont Business Magazine On Monday, April 16 the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal Housing Tax Credits and Vermont Affordable Housing Credits to construct and renovate apartments for low-income Vermonters over the next several years. The $3.5 million in 10-year federal capped credits, $319,000 in 10-year federal uncapped “bond” credits and $173,000 in 5-year state credits will support the development of 251 apartments in eight communities across the state.
Vermont Business Magazine Vermont Electric Power Company (VELCO) is alerting Vermont residents to a telephone scam involving callers claiming to be representing VELCO. The scammers have targeted Vermont businesses demanding credit card information to pay an account balance or face disconnection. VELCO has no residential or commercial business accounts; we own and operate the high-voltage electric transmission grid. Retail electric service is provided by local distribution companies.
Vermont Business Magazine On April 20, 2018, the Montpelier Development Corporation announced the hiring of Laura Gebhart as the Corporation's Executive Director. Gebhart will be re-locating to Montpelier from Lancaster County, PA, where she has been serving as an Economic Development Manager. Gebhart will start work in Montpelier on May 7th.
Vermont Buisness Magazine An event to honor Bill Doyle, a Johnson State College political science professor since 1958 who will retire at the end of the semester, will be May 7 on campus. Doyle also was a longtime Republican state senator for the Washington District. The tribute to Doyle, at 3:30 pm at Stearns Dining Hall, is free for the public.
Vermont Business Magazine The Vermont Agency of Agriculture, Food & Markets (VAAFM) is releasing a second revised draft of the Medium Farm Operations General Permit (MFO GP). The Agency is initiating a second public comment period, which begins on April 23, 2018 and will conclude on May 4, 2018. The MFO GP sets standards for MFOs in the State of Vermont generating animal waste to ensure they do not have a discharge of waste to the waters of the State and operate in accordance with their Nutrient Management Plan (NMP). Unless otherwise given notice by the Agency, all farms meeting the definition of a MFO in the State of Vermont are required to operate under the coverage of this General Permit (GP). All MFOs must follow the Required Agricultural Practices in addition to requirements outlined in the MFO GP.
Vermont Business Magazine Norwich University has announced the names of 78 individuals who will be memorialized on the Bicentennial Stairs as part of Norwich’s 200th anniversary. As part of Norwich’s Bicentennial, stairs will be constructed between the southeast corner of the Upper Parade Ground and the Sullivan Museum and History Center. The 78 names selected for this monument include Norwich’s leaders, distinguished alumni and others from military and civilian careers and those who represent ‘firsts’ at the university.
Leonine Public Affairs House and Senate committees scrambled to finalize work on policy bills this week as the Senate Appropriations, Transportation and Institutions committees moved closer to wrapping up the state spending bills. With the gun safety debate in the rearview mirror many expected the level of intensity to diminish in the statehouse. This was not the case when Governor Phil Scott vetoed S.103, a chemical regulation bill, setting up the first override standoff of 2018. The Senate moved quickly and was able to override the veto with a Democratic super-majority. This sets up a vote in the House, where they do not appear to have the votes to override Governor Scott’s veto. The vote in the House is scheduled for this Wednesday.
Vermont Business Magazine A rally Monday evening in Montpelier is intended to press Governor Phil Scott to commit to signing two pieces of legislation that are key for a “Movement Toward a Moral Economy:” raising the minimum wage to $15 per hour and establishing a paid family and medical leave insurance program for the state of Vermont. The event was organized by the Vermont Interfaith Action.
Vermont Business Magazine In a razor-thin finish, Vermont has beaten out Montana in a beard competition to benefit the Make-A-Wish chapters of their respective states. After learning of the annual Vermont Beardies, a competition to find the best beard in Vermont, Make-A-Wish Montana’s CEO challenged Vermont that Montanans could grow better beards and put a case of bison steaks on the line. He even recruited the mayor of Missoula to deliver the message.
Vermont Business Magazine Plans for restoring Amtrak Vermonter passenger rail service to Montreal, electric vehicle initiatives, and other critical Vermont-Quebec border transportation projects made headway today, driven by a long-standing partnership between the governments of Vermont and Quebec.