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Taxes exceed revenue targets, officials still cautious

Fri, 04/13/2018 - 4:20pm -- tim

Vermont Business Magazine Secretary of Administration Susanne Young remains cautious despite tax revenues exceeding expectations for the month and the year-to-date. The Personal Income tax, the single most important revenue source, was nearly $18 million ahead of its target for the month (more than double). She revealed the numbers today but noted that positive news at this same time last year soured by the next month. She also said there is still uncertainty regarding how Corporate taxes will ultimately play out.

LaunchVT reveals eight startups for 2018 cohort

Fri, 04/13/2018 - 3:59pm -- tim

Vermont Business Magazine On Thursday LaunchVT announced the eight Vermont startups that will be participating in its 2018 cohort. This is the sixth cohort of startups to come through LaunchVT’s early stage acceleration program and pitch competition. Over the past five years LaunchVT has provided mentorship and over $400,000 in cash and in-kind services to accelerate 35 Vermont startups. 

Waste hauler to pay $49,500 for enviro permit and reporting violations

Fri, 04/13/2018 - 3:45pm -- tim

Vermont Business Magazine The Vermont Attorney General’s Office announced that it has reached a settlement with a Vermont solid waste removal business for violations of Vermont’s Waste Transportation Rules. Through the court-approved settlement, County Waste and Recycling Service, Inc., doing business as Ace Carting (Ace Carting), resolved claims that it had violated Vermont’s Waste Transportation Rules, including claims relating to transporting solid waste without a permit and the failure to file quarterly franchise tax returns with the Agency of Natural Resources (ANR).

CEDO Director Noelle MacKay stepping down

Fri, 04/13/2018 - 3:38pm -- tim

Vermont Business Magazine Mayor Miro Weinberger today announced that Community & Economic Development Office (CEDO) Director Noelle MacKay will be accepting the role of Chief Operating Officer at the Regulatory Assistance Project (RAP), and will be concluding her successful tenure with the City on May 25. RAP is an independent, non-profit organization dedicated to accelerating the transition to a clean, reliable, and efficient energy future, and has offices in Montpelier, Europe, and China. As CEDO Director since 2016, MacKay played a critical role in a number of important community and development projects, including leading the City’s engagement with the CityPlace Burlington and new marina projects, overseeing CEDO’s lead program, and supporting the growth and development of the My Brother’s Keeper initiative and restorative practices in partnership with the Burlington School District. 

GMP prepares for possible storm outages this weekend

Fri, 04/13/2018 - 2:25pm -- tim

Vermont Business Magazine Green Mountain Power is preparing for possible outages this weekend as a storm moves into Vermont that forecasters say could bring wet snow, icing and possible gusty winds. Forecasters say some of the worst weather could be in parts of the state hardest hit by the wind storm last week. GMP tracks the weather through multiple forecasters, watching for possible impacts to customers.

Weekly unemployment claims move over 600

Fri, 04/13/2018 - 12:25pm -- tim

Vermont Business Magazine Weekly unemployment claims last week rose by nearly 200, but remain below levels for the same time last year. For the week of April 7, 2018, there were 623 claims, 189 more than than they were the previous week, but 141 fewer than they were a year ago. Altogether 5,479 new and continuing claims were filed, an increase of 85 from a week ago, but 826 fewer than a year ago. For most weeks of 2017 and into 2018 claims have been below the year before. 

Administration responds to teacher union’s call for statewide health insurance

Fri, 04/13/2018 - 11:47am -- tim

by Timothy McQuiston Vermont Business Magazine The Scott Administration is bristling at a suggestion made earlier this week by Vermont's largest union that the state implement a single statewide health insurance contract for all public school employees. A year ago, Governor Phil Scott advocated for a statewide teacher health insurance plan to save money and equalize benefits. The teachers' union rebuffed such a plan and Democratic leadership opposed it. The standoff led to a budget veto and ultimately a compromise that did not include a statewide plan. Today Susanne Young, Secretary of Administration, issued the following statement on the Vermont NEA’s proposal to move to a statewide health benefit.

Bennington Chamber shares branding secrets at 35th annual Vermont Tourism Summit

Fri, 04/13/2018 - 10:47am -- tim

Vermont Business Magazine The Bennington Area Chamber of Commerce, serving the Shires of Vermont region, had some of its key people speak at this year’s Vermont Tourism Summit.  The Summit, attended by over 300 tourism-based agencies, businesses and stakeholders, was held on Wednesday, April 11 and Thursday, April 12 in Manchester, Vermont at the historic Equinox Resort.

Runamok Maple wins 'sofi' for ginger infused syrup

Fri, 04/13/2018 - 10:17am -- tim

Vermont Business Magazine Runamok Maple, the Cambridge, Vermont-based company, which produces organic, infused, barrel-aged, and smoked maple syrups, took home a 2018 sofi (specialty outstanding food innovation) Award, winning Best New Product in the Dessert Sauce or Topping Category. Regarded as the “Oscars of Specialty Food” in the culinary industry, the sofi Awards have been presented by the Specialty Food Association (SFA) since 1972. This year, Runamok’s Ginger Root-Infused Maple Syrup stood out among 2,650 product entries, wowing a panel of 58 culinary experts during a blind taste test in March.

Talc from Vermont costs Johnson & Johnson $117 million in mesothelioma case

Fri, 04/13/2018 - 4:18am -- tim

Vermont Business Magazine The law firms of Levy Konigsberg LLP and Kazan, McClain, Satterley & Greenwood, PC announced Wednesday a victory in the case of Stephen and Kendra Lanzo v Johnson & Johnson Consumer, Inc and Imerys Talc America, Inc. The talc in question was sourced from Windsor, Vermont, which the plaintiffs maintain contained asbestos. 

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