Vermont Business Magazine Homelessness and housing leaders announced today an increase in the number of people experiencing homelessness in Chittenden County during the annual Point in Time count conducted January 31, 2018. The total number increased from 291 in 2017 to 359 this year. While the overall increase is cause for concern, they said, other indicators imbedded in the count demonstrate progress. The Alliance, in a press release, stated it believes that in the next three years, it can virtually eliminate chronic homelessness.
by Timothy McQuiston Vermont Business Magazine As anticipated, Vermont tax revenues have exceeded economists' initial expectations, both overall and in several sub-categories. With two months left in the fiscal year, Vermont is more than $50 million (and over 4 percent) ahead of the projections, which were set in January. Most notably, the Personal Income tax, the most important revenue source, finished the month more than $23 million above its target, a whopping 15.6 percent to the positive. All this is expected to lead to an annual budget surplus of over $40 million.
Vermont Business Magazine The Chittenden Solid Waste District has been awarded a grant worth $106,470 by the Vermont Department of Environmental Conservation (DEC) to help cover costs for providing facilities and education for the proper disposal of hazardous waste generated by residents and qualifying businesses. The grant is part of a solid waste assistance fund provided by the state to help towns and solid waste planning entities implement their solid waste plans, as required by state law. The grant is awarded annually to towns by the DEC, an arm of the Vermont Agency of Natural Resources.
Vermont Business Magazine Mayor Miro Weinberger and Chief Don Stevens from the Nulhegan Band of the Coosuk – Abenaki Nation today announced that the City of Burlington and Vermont Abenaki Alliance (made up of the four Abenaki Tribes recognized by the State of Vermont) have agreed to explore several projects to promote awareness of Abenaki history and culture. This announcement is the result of conversations between the City and Chief Stevens that arose during the discussion of the Church Street “Everyone Loves a Parade” mural.
Vermont Business Magazine Weekly unemployment claims have fallen dramatically the last two weeks, despite a small uptick in Manufacturing layoffs. For the week of May 5, 2018, there were 713 claims, 280 fewer than than they were the previous week, and 81 fewer than they were a year ago.(Claims are down 519 over the last two weeks.) Altogether 4,581 new and continuing claims were filed, a precipitous decrease of 859 from a week ago, and 562 fewer than a year ago. For most weeks of 2017 and 2018 claims have been below the year before.
Vermont Business Magazine Senator. Bernie Sanders (I-Vermont) delivered the following statement at a press conference with House and Senate Democrats Thursday ahead of the president's upcoming address on prescription drug prices: "At a time when corporate America has unprecedented wealth and power, the pharmaceutical industry distinguishes itself as perhaps the most greedy and irresponsible corporate entity. Last year, five major drug companies made over $50 billion in profit. That is in one year, and the top five CEOs in the pharmaceutical industry made over $113 million in total compensation."
Vermont Business Magazine Governor Phil Scott today issued the following statement: “As too many of our families and businesses are aware, the affordability crisis is real. Its undermining the economies in most counties across the state. Working to reverse this trend is one of the primary reasons I ran for governor."
Vermont Business Magazine The owner of Vermont's NG Advantage is getting a major new investor. Total SA (CAC: TOTF. PA) and Clean Energy Fuels Corp. (Nasdaq: CLNE) today announced that the two companies have entered into a broad strategic agreement to drive deployment of new natural gas heavy-duty trucks. Total has agreed to purchase up to 50.8 million shares of Clean Energy’s common stock for $83.4 million, to become Clean Energy’s largest stockholder with ownership of 25% of Clean Energy’s outstanding shares of common stock. NG Advantage is based in Colchester with a natural gas pipeline (Vermont Gas) terminal in Milton. California-based Clean Energy acquired a majority stake in NG in October 2014.
Vermont Business Magazine Bennington’s Career Development Center Building Trades students built two bridges for the walking trails at Southwestern Vermont Medical Center (SVMC), and in conjunction with the Forestry Program, installed them on Thursday, April 26. The bridges improve the trails and encourage healthy outdoor activity among those of all skill levels. In the photo above, students gathered with members of the SVMC engineering staff on one of the bridges on the day of its installation.
Vermont Business Magazine If you have yet to visit Burke Mountain during the warmer months this is the year to make it happen. Not only are we known for the classic pitch of our ski trails, our corner of the Kingdom has the best (and longest) network of singletrack mountain bike trails in New England. From family-friendly loops perfect for children and beginners on Kingdom Trails to the fun-flowy excavated trails on Burke Mountain, we truly have something for everybody - no matter the season. When you visit East Burke, Vermont, the trails are truly what sets us a part.
Vermont Business Magazine The Vermont House today gave its final approval to H.554, a bill addressing dam safety and drinking water protection. H.554 requires the Department of Environmental Conservation (DEC) to maintain an inventory of all known dams in Vermont and inspect them under DEC jurisdiction on a regular, risk-based schedule. There are 820 known dams in the state. Of those, 696 are under DEC jurisdiction. H.554 now heads to Governor Scott’s desk.
by Timothy McQuiston Vermont Business Magazine Vermont Life Magazine will sunset print operations at the end of the current fiscal year, June 2018, due to years of chronic operational deficits as a result of a changing media landscape. A digital brand will continue in some form, but the summer issue will be the last print issue and the future of the famous calendar beyond 2019 has not been determined. The state had tried to sell Vermont Life earlier this year. Vermont Business Magazine was one of several bidders.