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]

UVM reaches contract deal with campus police union

BURLINGTON — The University of Vermont has reached a three-year contract agreement with the union representing its campus police and dispatchers, the college said Tuesday. The deal, with the Chauffeurs, Teamsters, Warehousemen and Helpers Union No. 597, includes wage increases of 2 percent for the fiscal year that began July 1 and each of the […]

Hermitage Club , architects reach agreement on debt

Editor’s note: This article by Chris Mays was first published in the Brattleboro Reformer on Aug. 30, 2016. WILMINGTON — The Hermitage Club has agreed it will not sell property at Haystack Mountain until all money owed to an architectural group is paid back. “The Hermitage expects to pay them sometime shortly here,” said Bob […]

Business incubator, fiber optics eyed for Vernon’s future

Federal, state and regional officials sat down with Vernon residents Monday to explore two projects that might help ease the pain of Vermont Yankee’s shutdown. But many questions remain.

Looking back on 40 years at the Northshire Bookstore

The Manchester bookseller celebrates four decades with weekend of events Sept. 9-11.

EB-5 investor says Jay Peak developers double-sold Hotel Jay

An investigation by VTDigger confirms discrepancies between what the developers promised investors and what they actually built.

In Irene’s wake, disaster recovery business blooms

Storm Petrel LLC markets software designed to guide local governments through the maze of federal disaster funding regulations.

No reason given for Vermont EB-5 director’s resignation

Eugene Fullam’s resignation email, sent to outgoing Commerce Secretary Patricia Moulton at 4:29 p.m. on the day he quit, was two sentences long.

Shumlin jabs controversial drugmaker but holds off full punch

The governor condemned Mylan for raising prices on its EpiPen but defended the company as a good Vermont employer.

EB-5 delay forces Mount Snow parent company into stock sale

Peak Resorts says a proposed $20 million deal will provide much-needed financial flexibility. The company faces cash constraints due to a lean winter and continued delays in Mount Snow’s $52 million EB-5 foreign investment program.

Receiver rebuffs $93 million offer for Jay Peak

“We’re not even selling it at this point. It was an unsolicited offer,” said Michael Goldberg, who is overseeing the resort and other properties at the heart of the SEC’s fraud case against Bill Stenger and Ariel Quiros.

July unemployment remains at 3.2 percent

Vermont’s unemployment rate held steady at a seasonally adjusted 3.2 percent in July, once again giving the state one of the lowest rates in the country. The national jobless rate is 4.9 percent. The states with the lowest rates are New Hampshire (2.9 percent), and Nebraska and North Dakota (3.1 percent), according to the Bureau […]

GNAT launches ‘News Project’ for and by the community

Community access broadcaster seeks to provide in-depth coverage of news for Bennington County, and eventually implement citizen journalism, having residents gather and interpret news.

Feds asking questions about Vermont EB-5 Regional Center

The outgoing commerce secretary told the Burlington Free Press that U.S. Citizenship and Immigration Services has requested information about the office that oversees EB-5 projects.

UVM study shows direct connection between Lake Champlain pollution and local economy

With a decrease of just one meter of water clarity, Vermont lakeside communities would lose $16.8 million in economic activity, and approximately 200 full-time jobs.