Current News

-A A +A

Sweeping plan to lower drug prices introduced in Congress

Fri, 01/11/2019 - 12:33pm -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont) and Reps Elijah Cummings (D-MD) and Ro Khanna (D-CA) along with more than two dozen of their colleagues in the House and Senate introduced sweeping reforms Thursday that would dramatically reduce prescription drug prices in the United States. The plan to reduce the skyrocketing cost of prescription drugs includes three bills: The Prescription Drug Price Relief Act; The Medicare Drug Price Negotiation Act; and The Affordable and Safe Prescription Drug Importation Act.

Weekly unemployment claims take a dive

Fri, 01/11/2019 - 11:36am -- tim

Vermont Business Magazine Weekly unemployment claims fell last week as the holiday layoff subsided. For the week of January 5, 2019, there were 699 claims, 804 fewer than they were the previous week, and 246 fewer than they were a year ago. The holiday season usually sees wild swings in claims, as retailers in particular hire and layoff workers in spikes in November and December.

Burlington School Board, teachers ratify contract

Fri, 01/11/2019 - 3:50am -- tim

Vermont Business Magazine The Burlington School District Board of School Commissioners and the Burlington Education Association (BEA) jointly announce that on January 10, a new contract teachers’ contract for the 2019-2020 school year was ratified by both parties. The renewed collective bargaining agreement covers the maximum length of time allowed by Vermont law for this round of bargaining.  

The new contract provides an average salary increase of 3.5% and expanded HRA benefits and support for teachers. 

Governor Scott gives second inaugural address

Thu, 01/10/2019 - 5:30pm -- tim

Focuses on civility, affordability, labor force, more people broadens tax base, early education, clean water, electric cars

by Timothy McQuiston, Vermont Business Magazine Following an elaborate ceremony featuring foreign dignitaries from Mexico and Canada, the introduction of past Governors Shumlin and Douglas, swearing in of constitutional officers and his own swearing in, Governor Phil Scott today delivered his second inaugural address, calling for collaboration to address Vermont’s most significant challenges. To address Vermont’s demographics - and the ripple effects of those trends on the economy and affordability - the governor emphasized a sense of urgency to expand Vermont’s labor force.

DFR, Secretary of State to collaborate on Captive Insurance blockchain pilot

Thu, 01/10/2019 - 4:37pm -- tim

Vermont Business Magazine On January 9, 2019, the Secretary of State Jim Condos and Department of Financial Regulation Commissioner Michael Pieciak signed a memorandum of understanding outlining their collaborative efforts to explore emerging blockchain technology and its use in the digital recordkeeping practices of the captive insurance industry.

Partners collaborate on Northern Lake Champlain water quality efforts

Thu, 01/10/2019 - 11:26am -- tim

Vermont Business Magazine The Chittenden County Regional Planning Commission (CCRPC), the Northwest Regional Planning Commission (NRPC), the Winooski Natural Resources Conservation District (WNRCD) and the Franklin County Conservation District (FCCD) are pleased to announce expanded outreach and services to landowners, municipalities and the public in support of the Vermont Clean Water Act (VCWA) and improved tactical basin planning efforts for Basin 5, the Northern Lake Champlain Direct Drainages.  The work is provided through two grants provided by the Vermont Department of Environmental Conservation. Activities began in late 2018 and will extend through the fall of 2019.

SunCommon: Solar powered batteries protect against power outages

Thu, 01/10/2019 - 11:08am -- tim

Vermont Business Magazine The latest winter storm in Vermont left more than 4,000 utility customers without power and that’s a small number compared to a November storm that knocked out power to more than 100,000 homes and businesses. According to Waterbury's SunCommon, a growing number of Vermonters are choosing to protect themselves from a less reliable electricity supply with solar powered batteries that kick in when the power goes out.

UVMMC tackles barriers to health with $350,000 in community grants

Thu, 01/10/2019 - 10:51am -- tim

Vermont Business Magazine The University of Vermont Medical Center has awarded $350,000 in grants for community programs that address homelessness, substance abuse, mental health issues, children’s nutritional needs, chronic medical conditions and other physical and socioeconomic barriers to overall good health.The program grants are part of $930,000 in spending through the Community Health Investment Fund for the 2019 fiscal year.

Zupan: The carbon tax, a wolf in green clothing

Thu, 01/10/2019 - 10:50am -- tim

by Lawrence Zupan Can somebody help me to imagine what the representatives of the State of Vermont, with the 50th or lowest carbon emissions of all states in the Union, are possibly thinking? Or are they thinking? Can a zeal to save the world from the supposed pernicious evils of all things carbon, justify a blindness to the financial and economic consequences to the lower and middle class working Vermonters?

Rutland-area real estate market is booming

Thu, 01/10/2019 - 9:53am -- tim

Vermont Business Magazine The Rutland County real estate market had its best year in a decade in 2018, soaring back to pre-recession sales volume, with higher prices, significantly increased sales, and the renovation of dozens of formerly troubled properties. The Rutland Regional Chamber of Commerce says that sales, prices and inventory point to a "strong local economy and community."

Speaker Mitzi Johnson announces House committee assignments, delivers opening remarks

Thu, 01/10/2019 - 9:31am -- tim

Vermont Business Magazine After being reelected as expected to the post of House Speaker in the Vermont General Assembly on Wednesday, Speaker Mitzi Johnson announced the committee assignments listed below and delivered opening remarks. The one notable new chair is in the important Transporation Committee, where Republican Pat Brennan (R-Colchester) was replaced with Curt McCormack (D-Burlington). The Republicans will still have a committee chair in the Democratically controlled House, with Mike Marcotte (R-Coventry) taking over business-oriented Commerce.

Pages