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. Anne Galloway is the primary reporter on the business and economy beat. She can be reached at [email protected]

Welch to use “Queen of the Hill” tactic to end highway funding shortfalls

Rep. Peter Welch, D-Vt., spoke at a news conference at the Fairmont Farms dairy farm in East Montpelier to promote a new dairy insurance program. Photo by John Herrick/VTDigger

State officials may be facing a construction work stoppage this fall if federal funds that pay for most of Vermont’s transportation projects continue to dry up – which they will do if Congress fails to act by the end of the month.

Regional development corporations say Lake Champlain Chamber got preferential treatment

Tom Torti

Records released this week show that three business groups were upset with political deal-making that ended with a $100,000 award to the Lake Champlain Regional Chamber of Commerce.

Food co-op plans new location amid Burlington’s South End boom

A sign outside City Market / Onion River Co-op in Burlington, VT.  Photo courtesy Don Shall/Flickr.

Some in the neighborhood welcome the convenience of a local grocery store, and the money that they hope it will bring to the area. “And then you have people that have had studios down here for 30-plus years who are afraid they’ll be driven out,” said one business owner.

Feds offer loan assistance for energy-efficient mobile homes

Rural Housing Service Administrator Tony Hernandez and Sen. Patrick Leahy join housing advocates and local officials to launch USDA’s Energy Efficient Manufactured Home Pilot Program in front of a Vermod in Shelburnewood Mobile Home Park in Shelburne. Courtesy photo

Rural Development program helps people buy modular homes worth more than $100,000 with no down payment, no closing costs and low interest.

Nonprofits look to purchase Austine School campus

Austine School and the Vermont center for the deaf and hard of hearing.  Photo by Zachary P. Stephens/Brattleboro Reformer

Winston Prouty Center for Child Development joins with other Windham County organizations to possibly buy the former school for the deaf in Brattleboro.

Waitsfield farmer fined for open burning says more education needed

Illegally burning agricultural trash can release carcinogenic chemicals into the atmosphere and can carry a hefty fine. Disposing of it properly can cost hundreds of dollars and dozens of man hours. In an industry such as organic dairy farming, where overhead costs are high and plastic waste is omnipresent, illegal open burns are often conducted […]

GlobalFoundries takes over IBM’s workforce and 16,000 patents

IBM's Essex Junction facility now belongs to GlobalFoundries. Photo by Sam Heller/VTDigger

Companies close deal that will pay UAE-owned GlobalFoundries $1.5 billion to take over IBM’s chip-making operations in Vermont, New York.

Sales tax for soft drinks, other laws go into effect July 1

Coke machine main

A legislative debate over sugar-sweetened beverages resulted in the expansion of the state’s 6 percent sales tax to include soft drinks. Vending machine foods to be taxed at 9 percent. New cellphone, sex offender, water quality and animal cruelty laws go into effect.

Brattleboro Reformer, Bennington Banner, Manchester Journal lay off editorial staff

Tom D'Errico Michelle Karas

The firings came on Friday. No formal announcement has been made by the newspaper chain which includes the Brattleboro Reformer, the Bennington Banner and the Manchester Journal.

Feds give go ahead for GlobalFoundries acquisition of IBM Microelectronics

A microchip at IBM. Photo by Nat Rudarakanchana

IBM is paying GlobalFoundries $1.5 billion to take over chip manufacturing operations in Vermont, and Malta and East Fishkill, N.Y.

June storms likely to be eligible for FEMA aid request

Storm damage on Greystone Road in Richmond. Photo courtesy DEMHS

Damages from heavy rains on June 9 are likely to be greater than $1 million, officials say.

Putney faces fines over misfiling of IRS forms

Editor’s note: This article is by Howard Weiss-Tisman, of the Brattleboro Reformer, in which it was first published June 26, 2015. PUTNEY — Putney is once again facing potential fines due to the town treasurer’s inability to meet filing deadlines with both the Internal Revenue Service and the state. Town Clerk/Treasurer Anita Coomes allegedly never […]

Vermont ranks 5th for business startups in Kauffman Foundation study

The Kauffman Foundation ranked Vermont as the fifth best state in the country for business startups, according to a news release issued by the Vermont Department of Economic Development. The Kauffman Foundation is a nonprofit, private foundation focused on education and entrepreneurship. Their report, the Kauffman Index of Startup Activity, evaluated states based three criteria: […]

Stowe – and the state – tally a successful ski season

Stowe skiers

According to the Vermont Association of Ski Areas, the Vermont ski industry had a record-breaking 2014-15 season, with 4,670,903 skier and rider visits.

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