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Leonine: Coming into focus

Sun, 02/17/2019 - 1:32pm -- tim

Leonine Public Affairs Lawmakers and Governor Scott have yet to have a public spat about these money bills but everyone is holding their breath to see if the governor unveils an April surprise similar to the ones he did in the past two years that sent the money bills into a tailspin. The next two weeks are critical. When lawmakers set off for a week away from the State House on March 1, it will be clear what bills have traction and those that didn’t make the cut and have to wait until next year. The day after we pass crossover is best summed up with, yesterday is history, tomorrow is a mystery.

Costello: How to boost Vermont’s economy and address climate change

Sun, 02/17/2019 - 4:06am -- tim

by Paul Costello Carbon tax. Cap and Trade. Carbon Markets. Depending on our point of view, these concepts might make us nervous about raising the cost of living when we are already struggling to pay our bills. Or we may feel passionately about the necessity of pricing carbon for the future of our climate and our economy. Or both. And a lot of people find it all so confusing that they just tune out.

Jamaica Cottage Shop appears on Inc. 5000 list of fastest growing private companies

Sat, 02/16/2019 - 3:23pm -- tim

Vermont Business Magazine Jamaica Cottage Shop, Inc provides business to consumer wood manufacturing, Internet marketing and online retail. It's also one of the fastest growing businesses according to Inc. 5000. Not only have the companies on the 2018 Inc. 5000 been competitive within their markets, but the list, as a whole, shows staggering growth compared with prior lists. 

Union Mutual raises nearly $45,000 for best-ever Penguin Plunge

Sat, 02/16/2019 - 3:52am -- tim

Vermont Business Magazine Union Mutual proudly participated in the Penguin Plunge to benefit Special Olympics Vermont on Saturday, Feb. 2, 2019 at the Burlington Waterfront. With the widespread support of hundreds of donors, the “Union Mutual Popsicles” were able to set a new high-water mark for the event’s fundraising with a grand total of $44,932. The previous team fundraising record was $30,000, set back in 2012.

Penguin Plunge raises $548,000 for Special Olympics Vermont

Sat, 02/16/2019 - 3:47am -- tim

Vermont Business Magazine The 24th Annual Burlington & Cool Schools Penguin Plunge to benefit Special Olympics Vermont was held on February 2nd at the Burlington Waterfront. Despite temperatures in the teens, with an even lower wind chill, over 1,200 people braved the elements and plunged into the frigid waters of Lake Champlain. The Penguin Plunge is the largest fundraising event for Special Olympics Vermont, and this year, over $548,000 was raised to support sports training and competition, health screenings, and leadership opportunities for children and adults with intellectual disabilities in Vermont.

Jericho native supports 'Silent Service' at sub station in Pearl Harbor

Sat, 02/16/2019 - 2:13am -- tim

Vermont Business Magazine A Jericho, Vermont, native and 2005 Mount Mansfield Union graduate is serving at the U.S. Naval Submarine Training Center Pacific (NSTCP) in Pearl Harbor, Hawaii. Lieutenant Nicholas Keech has served for nine years and works as a Navy tactics instructor and is serving within the U.S. Pacific Fleet area of operations. The U.S. Pacific Fleet is the world’s largest fleet command, encompassing 100 million square miles, nearly half the Earth’s surface, from Antarctica to the Arctic Circle and from the West Coast of the United States into the Indian Ocean.

UVM trustees vote to appoint Suresh Garimella next president

Fri, 02/15/2019 - 4:26pm -- tim

Vermont Business Magazine The University of Vermont Board of Trustees voted Friday morning to name Dr Suresh Garimella of Purdue University as the university's next president, according to the Vermont Cynic, UVM's student-run newspaper. Garimella was announced February 4 as the sole finalist candidate to replace Tom Sullivan as its next president. Sullivan plans to step down in Summer of 2019. Garimella currently serves as Executive Vice President for Research and Partnerships at Purdue University. He is also a PhD in mechanical engineering. Garimella was the presumptive new president and met with the media Thursday.

Vermont Gas requests second rate decrease in two years

Fri, 02/15/2019 - 4:12pm -- tim

Vermont Business Magazine Vermont Gas today filed its rate proposal asking to decrease customer rates by 2.7%. This is the second rate decrease request in as many years. The request is subject to the Public Utility Commission’s thorough review and approval. If approved by regulators, this rate reduction will mean customers will pay about 30% less or about $530 less per year - than in 2008.

Opioid fatalities spiked in southern Vermont in 2018

Fri, 02/15/2019 - 2:29pm -- tim

Vermont Business Magazine Preliminary data for 2018 currently shows that nearly all opioid-related fatalities among Vermont residents were of accidental or undetermined intent and that the overall state increase was very small (108 to 110), according to a recent report from the Vermont Department of Health. But the number of fatalities has skewed sharply toward southern Vermont. Opioid-related deaths in Chittenden County were cut in half from 2017 (28) to 2018 (14), but the four southern counties increased 56 percent and more than made up (+22) for the decline in Chittenden (-18). 

Chittenden County sees 50 percent decline in opioid-related overdose fatalities in 2018

Fri, 02/15/2019 - 1:45pm -- tim

Vermont Business Magazine Chittenden County experienced a 50 percent reduction in opioid-related overdose deaths in 2018, from 35 deaths in 2017 to 17 in 2018. This reduction marks a reversal of what has previously been a steady upward trend in overdose deaths since 2014, and the total was lower than in any year since the State began publishing county-by-county results in 2013.

Vermont reaction to Trump's border wall emergency

Fri, 02/15/2019 - 12:53pm -- tim

Vermont Business Magazine Senator Patrick Leahy: There is no national emergency. No one who subscribes to reality can claim otherwise. Crossings are historically down, billions are being spent on border security, and Congress yesterday appropriated still more. President Trump simply failed to get a deal to build his wasteful vanity wall. He failed to get a deal with Mexico, despite promising his supporters more than 200 times that Mexico would pay for it. He failed to get a deal with his own party, even during the two years when Republicans controlled all levers of government. And he failed to get a deal now. The President’s inartful failure to get a deal does not justify him manufacturing a false national emergency.

January tax revenues beat expectations

Fri, 02/15/2019 - 10:39am -- tim

by Timothy McQuiston, Vermont Business Magazine The state released good economic news Friday morning. Secretary of Administration Susanne Young reported Vermont’s tax revenue results for January 2019. With the vital Personal Income tax leading the way, receipts activity in the General Fund and Transportation Fund were above their monthly targets, while revenue collection in the Education Fund fell short of the target by $2.85 million.

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