Vermont Business Magazine After a one-week decline weekly unemployment claims rose again last week, but are lower than they were at this time last year. For the week of March 16, 2019, there were 641 claims, 211 more than they were the previous week, but 97 fewer than they were a year ago.
Vermont Business Magazine Governor Phil Scott and members of his Cabinet will be in Grand Isle County on Monday, March 25 for their Capitol for a Day initiative. This is the thirteenth county the group has toured, visiting Rutland, Caledonia, Windsor, Franklin, Bennington, Addison, Chittenden, Orleans, Windham, Lamoille, Essex and Orange counties over the last several months.
Vermont Business Magazine One month after reaching a historic low, Vermont's unemployment rate fell again to a record low 2.4 percent in February, according to the Vermont Department of Labor report released Friday morning. The February rate reflects a decrease of one-tenth of one percentage point from the revised January rate. The current estimate of 8,436 unemployed Vermonters is the lowest total since April 1988. While the number of employed has increased, the year-over-year data reveals a decrease in the labor force and a steep decline in the number of people unemployed. Vermont is now tied with Iowa, New Hampshire and North Dakota for the lowest rate in the nation.
Vermont Business Magazine Vermont Works Management Company, LLC, an independent alternative investment firm whose mission prioritizes both social impact and competitive financial return for Vermonters, has closed an investment with Cloudfarm, Inc., dba Seedsheet, a successful manufacturer of pre-fab gardening systems and technologies out of Middlebury. Proceeds of the financing will be used to fund several new senior management positions for the team and to automate and expand the company’s manufacturing capacity.
Vermont Business Magazine NBT Bank is opening up an ATM at Healthy Living in South Burlington this month. As customer demand continues to grow, NBT Bank has added an ATM at the Healthy Living store in South Burlington. This year, NBT Bank is also celebrating ten years of serving customers and communities in Vermont. NBT opened its Vermont Regional Headquarters in Burlington in 2009 and since has added offices in Williston, Essex and Rutland as well as locations in Massachusetts, New Hampshire and Maine.
Vermont Business Magazine Vermont’s Killington Resort, the largest ski and snowboard resort in Eastern North America announced Thursday it will unveil a reimagined K-1 base lodge, which will open with an expanded footprint during the 2020-21 season; a new 4-person, fixed grip chairlift that will debut during the 2019-20 season and replace the existing North Ridge Triple chairlift; and significant upgrades to Killington and sister resort Pico Mountain’s snowmaking systems, which means guests will experience a better, more consistent and more reliable snow surface, all with a lower impact on the environment. All upgrades are pending permit approval.
by Bill Schubart It’s time to close the Women’s Prison in South Burlington. As the legislature and the Dept. of Corrections consider how to repatriate the Vermont prisoners housed in Mississippi, several legislators see the larger picture. We don’t need new prisons. We need to address the causes of crime such as poverty, abuse, and addiction and develop more cost-effective alternatives to incarceration, like treatment, training, and restorative justice.
Vermont Business Magazine College of St Joseph president Dr Jennifer L Scott announced today in a letter to the college community that a potential institutional partner has backed out, thus forcing the college to close its doors "given our current accreditation deadline and critical financial condition." The Rutland college is the third in southwestern Vermont to announce its closing this year. Students have been offered a teach-out arrangement with nearby Castleton University. Green Mountain College in Poultney announced it was closing in January and Southern Vermont College in Bennington announced in early March that it also would close.
Vermont Business Magazine The Chittenden Superior Court has denied Purdue Pharma’s motion to dismiss the State’s case against it. The judge ruled that the State may bring all its claims against Purdue Pharma arising from allegations that it “aggressively and misleadingly marketed opioids such as Oxycontin in Vermont, leading to massive addiction and the resulting societal costs.” Attorney General TJ Donovan said, “This decision is an important step toward holding Purdue responsible for its contribution to the creation of the opioid crisis.”
Vermont Business Magazine Vermont Technical College and GlobalFoundries will host Governor Phil Scott at a press conference to announce the launch of their GlobalFoundries Technician Program on March 22, 2019. The press conference will begin at 11 am with opening remarks by the governor, followed by Vermont Tech President Patricia Moulton and GlobalFoundries' Senior Location Executive Dale Miller.
Vermont Business Magazine Krista Tippett, host of the public radio show On Being and a bestselling author, will deliver the 2019 Middlebury College Commencement address on Sunday, May 26. A National Humanities Medalist, Tippett is a Peabody Award–winning broadcaster whose weekly show is carried on more than 400 public radio stations across the country. On her show, Tippett explores broad cultural and spiritual questions about what it means to be human and how we want to live. Her wide range of guests have included Desmond Tutu, US Senator Cory Booker, US Women’s Soccer champion Abby Wambach, and cellist Yo-Yo Ma. The On Being podcast has been downloaded more than 200 million times. Tippett is also the founder and leader of the On Being Project and the curator of the Civil Conversations Project.
Vermont Business Magazine The University of Vermont will award honorary degrees at the May ceremony to commencement speaker Darren Walker, Suzanne Preston Blier, John Bramley, Jackson JW Clemmons, Michela Gallagher, and Marcelle Leahy.