Business & Economy

VTDigger publishes Vermont business and economic news. We also specialize in coverage of state finances and the impact of tax and budget policy on Vermonters. Erin Mansfield is VTDigger’s business and economy reporter. She can be reached at [email protected]

Burlington ends pact for Moran plant redevelopment

The effort had remained stalled more than a year past a deadline for progress, and the recent end to a development company’s role alongside the nonprofit New Moran Inc. appears to have brought things to a head.

UPDATED: Current year’s revenue projection drops $28 million

A panel of lawmakers will meet next week to vote on a plan to adjust the budget, which draws largely on excess funds from the Medicaid program.

Vermont EB-5 Regional Center director resigns

Gene Fullam served during a tumultuous time at the regional center.

Lodging operators debate who should face new health rules

The proposed rules would newly define inns, bed-and-breakfasts, summer camps, hotels and motels all as lodging establishments subject to largely the same rules. But small operations on websites like AirBnB would still be exempt.

SouthFace Village at Okemo re-approved for EB-5

Negotiations between the state and SouthFace Village focused on new oversight measures for the project’s escrow account.

State leaders join celebration of scientific device manufacturer

BioTek has just reached $1 billion in annual sales, according to President Briar Alpert. In seven years, Alpert said, the company expects to double that.

Redstone no longer working on Moran redevelopment

The City of Burlington asked the real estate development firm to drop out over a conflict of interest.

General fund revenues $16.1 million shy of fiscal 2016 targets

Despite the shortfall, state officials say they are optimistic they can balance the budget “without dipping into any reserves.”

State pulling license of Waterbury day care after boy’s death

The state is revoking the license of a Waterbury child care center, months after the drowning death of a young boy there. The Department for Children and Families announced Friday that the license of Elephant in the Field day care will be revoked as of Aug. 8. The department suspended the center’s license in February […]

Mount Snow upgrade won’t be ready for winter

The Dover resort’s parent company says the delayed release of EB-5 foreign investment funding means the West Lake snow-making upgrade will not be fully operational for the 2016-17 season. The company also is taking financial precautions, including $10 million in possible short-term financing.

Sustainability nonprofit launches city design contest

The challenge is to create a vision and concept for Montpelier as a low-carbon small city and to redevelop land currently in off-street parking lots downtown.

UPDATED: Commerce chief leaving for interim Vermont Tech job

Patricia Moulton said she plans to apply for the permanent position as president of Vermont Technical College. She leaves the Shumlin administration for the temporary post in September.

Assisted living facility survives Act 250 challenge in Bradford

Neighbors had argued the proposed development would clog traffic, generate light and noise, and have a “shocking and offensive” effect on the character of the neighborhood. The Environmental Court disagreed.

Burlington councilors clash on timeline for vetting new zoning

The council referred the zoning amendment to its Ordinance Committee but plans to take up the issue again Aug. 15, regardless of any action by the committee. The zoning change is a precondition for the Town Center Mall redevelopment.