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July 2018 News in Brief

Sat, 08/18/2018 - 2:31am -- tim

Vermont Business Magazine Nurses go on strike; Feds terminate EB-5 Center; tax revenues flew over targets; jobless rate held steady; and the Vermont Climate Action Report revealed discouraging news about the rise of greenhouse gas emissions in Vermont, which will make achieving ambitious goals even more challenging and perhaps unlikely.

Kniffin to step down as president of Porter Medical Center

Fri, 08/17/2018 - 11:45am -- tim

Vermont Business Magazine UVM Health Network Porter Medical Center Board Chair Maureen McLaughlin announced today that Porter’s President, Dr Fred Kniffin, will step down from his leadership role of the Middlebury hospital next spring. The search for a new leader of Porter will begin shortly, the hospital said in a statement. Kniffin was named interim president in June 2016 and elevated to CEO later that year. In 2017, Porter joined UVMHN.

Weekly unemployment claims fall further

Fri, 08/17/2018 - 11:30am -- tim

Vermont Business Magazine Extremely low weekly unemployment claims fell again last week. For the week of August 11, 2018, there were 263 claims, 56 fewer than than they were the previous week, and 103 fewer than they were a year ago. Altogether 3,404 new and continuing claims were filed, a decrease of 98 from a week ago, and 391 fewer than a year ago. For most weeks of 2017 and 2018 claims have been below the year before. Vermont is currently in a historically low period of unemployment.

July unemployment rate holds at 2.8 percent, but jobs fall

Fri, 08/17/2018 - 10:48am -- tim

by Timothy McQuiston, Vermont Business Magazine Vermont lost workers in July and the labor force was also down for the first time in several months. The number of unemployed was up slightly, indicating that all three broad indicators were negative. Nonfarm employment, both adjusted and not adjusted for July, is below the level of 2017 and 2016. Still, the unemployment rate for July 2018 held at 2.8 percent, where it's been for several months. The Labor Force is the denominator in these equations, so if it's down, it can make the rate look relatively better than the actual employment numbers might suggest. The Vermont Department of Labor released the data today. 

Training available for DoD Wide Area Workflow (WAWF)

Fri, 08/17/2018 - 5:31am -- tim

Vermont Business Magazine The Vermont Procurement Technical Assistance Center (VT PTAC) invites Vermont businesses to join them and Aysis, Inc. for a free, full-day, hands-on workshop on Wednesday, August 22, 2018, in Williston, VT to help Vermont businesses understand Wide Area Workflow (WAWF), a secure, Web-based system for electronic invoicing, payment receipt, and acceptance.

Vermont Foodbank teams-up with Allstate Foundation to fight hunger

Fri, 08/17/2018 - 2:27am -- tim

Vermont Business Magazine Allstate Agency Owners are coming together to support the Vermont Foodbank by holding a donation drive in their agencies from now until Sept. 15. Agency owners are calling on residents to support local families and youth as they begin the new school year by donating items for the Foodbank’s BackPack Program, an initiative that distributes kid-friendly, nonperishable, vitamin-fortified food to students in need.

Leahy says Kavanaugh misled Senate already

Thu, 08/16/2018 - 5:06pm -- tim

Vermont Business Magazine Senators Dianne Feinstein (D-CA), Patrick Leahy (D-VT) and Dick Durbin (D-IL) Thursday asked Judiciary Committee Chairman Chuck Grassley (R-Iowa) to join a request for Judge Kavanaugh’s Staff Secretary records and to publicly release the documents now. Feinstein is the Judiciary Committee’s Ranking Member, and Leahy and Durbin are also senior members of the committee.

EPA awards Vermont more than $263,000 to improve air quality

Thu, 08/16/2018 - 4:05pm -- tim

Vermont Business Magazine The US Environmental Protection Agency (EPA) has awarded $263,581 to the State of Vermont to improve air quality. Funding was provided to the Vermont Department of Environmental Conservation to support air monitoring to measure the particulate matter in the air by collecting high quality data to demonstrate that the area is within the federal air quality standards for particulate matter, also known as PM 2.5.

Governor names members of Violence Prevention Task Force

Thu, 08/16/2018 - 3:44pm -- tim

Vermont Business Magazine Governor Phil Scott today announced the appointment of 19 Vermonters to serve on his Community Violence Prevention Task Force. The Governor created the Task Force in Executive Order 03-18 as part of the Administration’s broader efforts to ensure Vermont continues to be one of the safest states in the country.

Report: Vermont is expensive for the wealthy

Thu, 08/16/2018 - 2:10pm -- tim

Vermont Business Magazine In a survey of state taxes, national personal financial adviser SmartAsset modeled income, property and estate tax payments for wealthy households to find the states where "it costs the most to be rich," and Vermont ranks in the number two spot. The rankings largely tracked the Blue State (Democratic) versus Red State (Republican) politics. It generally also followed wealthier per capita states versus poorer states on a per capita basis, with a few outliers.

Resort owner violated child labor laws, including at Bromley

Thu, 08/16/2018 - 1:20pm -- tim

Vermont Business Magazine Following an investigation by the US Department of Labor’s Wage and Hour Division (WHD), The Fairbank Group LLC will implement extensive corrective measures to resolve violations of the child labor requirements of the Fair Labor Standards Act (FLSA) and ensure future compliance at its three recreational resorts. The company has also paid a $21,582 penalty.