Lt. Governor Phil Scott and Buildings and General Services Commissioner Mike Obuchowski awarded $151,000 to eight projects from a new grant program established by the Legislature in 2012. The Regional Economic Development Grant program will assist projects ranging from pre-construction work in Bellows Falls to entrepreneurial support in Poultney.
A Vermont non-profit has won a $2,865,734 US Department of Labor (DOL) grant provided through the Older Americans Act’s Senior Community Service Employment Program, to help train and place low-income Vermonters – aged 55 and older – in jobs around the state.
Governor Peter Shumlin and Vermont Labor Commissioner Annie Noonan have released some initial results of an ongoing survey of Vermont employers showing that many are currently looking for workers and project additional job openings into the future. Today’s announcement kicked off a committed focus by the Shumlin administration to encourage employers and potential workers – with a special focus on young Vermonters and those who have left the state – to make Vermont home.
The Vermont Economic Development Authority (VEDA) has approved business and agricultural financings totaling $11 million, helping stimulate $25 million in economic development activity throughout the state.
Relying heavily on broad-based taxes, the Tax Foundation ranked Vermont 47th in the nation in its 2012 version of the State Business Tax Climate Index. he Foundation states that it compiles this information to enable business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare.
Vermont has awarded nearly $410,000 dollars in municipal planning grants to 42 communities around the state. The grants are meant to boost town objectives in areas such as economic development, village revitalization and future housing needs.
Vermont’s econonomy outperformed the U.S. during the past 12 months, with tax revenues that exceeded projections by 2.5%. Nevertheless, state economists cautioned the legislature and administration of the risks to Vermont's economy should national policy makers fail to reach an agreement about raising the U.S. debt ceiling.
American Express recently commissioned a study of census data that ranked Vermont 45th in the nation for growth in the number of female-owned firms in the past 14 years, with a “stagnant” rate of 26.2 percent.Link to full article
Census data released earlier this month offer tantalizing, if sometimes conflicting, evidence that Vermonters are moving toward established city centers. That’s a contrast to trends in previous population data, which showed residents were attracted to outlying areas, farther from the center of town.Link to full article
Heavy on food and agriculture, Vermont Governor Peter Shumlin and key lawmakers, appearing at Vermont Butter and Cheese Company, today unveiled a comprehensive package of proposals to promote manufacturing, job training, veterans’ employment, value-added agriculture jobs and more to jumpstart Vermont’s economy.Link to full article
Last week the head of the Vermont National Guard informed lawmakers that a large number of soldiers would be without a job at the end of their deployment. "We're thinking around 30 percent are unemployed," said Gen. Michael Dubie, Vt. National Guard.Link to full article
Business development experts say opening a restaurant is a popular idea for entrepreneurs, but it can be difficult for chefs to secure traditional financing. Now, some young entrepreneurs are turning to a social media site to raise funds. Kickstarter is a Web site where people can raise money for creative projects. Here's how it works: after a project is approved by the site administrators, the creator sets a goal for the amount of money they want to raise and set a deadline. In exchange for a pledge, donors get rewards - there are no financial returns.Link to full article
Vermont's population grew an anemic 2.8 percent in the first decade of the 21st century, results from the 2010 U.S. Census released today show. That rate of growth was Vermont's slowest since the Great Depression era, when the state's population actually fell 0.1 percent. Population growth in the Green Mountain State lagged both the national growth rate (9.7 percent) and the Northeastern growth rate (3.2 percent).Link to full article
Data from a recent release from the U.S. Census Bureau show that Vermont suffered less impact from the national economic downturn than the country at large. The figures show the percentage of Vermonters living below the poverty line was 10.7 percent in 2008 and 11.4 percent in 2009, a change that was within the margin of error, meaning there may or may not have been an actual change.Link to full article