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]

Teen pregnancy program abruptly loses millions from feds

Youth Catalytics, based in Charlotte, stands to lose out on nearly $2.26 million over the next four years after the Trump administration ended funding to similar programs across the country.

City debates making bids public in Burlington Telecom sale

Keeping the information under wraps could bolster the city’s bargaining position, says the mayor. Bidders “don’t fully know who they stack up against and what the others are offering.”

UVM fraternity house to become Champlain College dorm

The suspended Phi Gamma Delta fraternity is leasing its mansion on South Willard Street to the nearby college.

Welch joins Democratic chorus against ‘horrible’ budget

The House Budget Committee plan would make significant cuts to domestic non-defense programs that he said would have a big impact in Vermont, while increasing defense spending.

St. Albans hotel developer says bills will be paid

Jerry Davis, owner of PeakCM, said cash flow was never an issue when it came to paying bills for contractors, subcontractors or suppliers.

Lawmakers consider cuts to address $28.8 million revenue downgrade

The committee will meet Aug. 17 with the Department of Finance and Management to discuss long-term cuts, called rescissions, to the already-approved budget. The committee will then hold a public hearing on the issue on Aug. 18.

Senate panel approves changes to dairy insurance program in spending bill

“I believe that was progress in offering farmers a safety net,” said Vermont Agriculture Secretary Anson Tebbetts on dairy provisions in a U.S. Senate agriculture spending bill.

Documents show Burlington College defaulted on loan while Jane Sanders was president

Sanders declared that an examination of public records would show she had the college in “the best” financial shape it had been. But documents show otherwise.

Rutland Herald moving out of Wales Street building

The newspaper has reached an agreement to move in November into a building on Grove Street, a couple of blocks from the city’s central business district.

Longtime head of Boys and Girls Club of Burlington departing

Part of the club’s goal has been to provide kids with a safe environment — not always easy when there has been drug dealing in the park across the street.

Entire circus center board resigns

Executive director Michael Helmstadter responds to claims he had a “vendetta” against New England Center for Circus Arts founders Elsie Smith and Serenity Smith Forchion.

Vermont will shop around for public safety telecom technology

A special state commission looking at a 25-year plan to develop new public safety telecommunications technology says it wants to comparison shop before signing on with AT&T.

Rutland property tax rate dropping slightly

The Board of Aldermen is reducing a reserve fund in order to achieve a tax cut of $6 on a $150,000 home. City Treasurer Wendy Wilton says the move poses some risks.

Rutland nonprofit that promotes local farm economy is in ‘limbo’

Rutland Area Farm and Food Link’s last executive director left this spring, and the board president says funding sources have lapsed.