One economics professor noted that if sales are not increasing year over year by at least 5%, they are losing ground to inflation, which means people are spending less.
Vermont retailers report brisk sales, but the summer outlook is unpredictable
Category: 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.
State allows ongoing paid parking at Stowe Mountain Resort
The Agency of Natural Resources’ decision came after the resort provided data asserting its positive effects on traffic during the 2022-2023 ski season.
University of Vermont startup aims to revolutionize solar power
A startup based at UVM, Verde Technologies, is working on a promising technology, known as thin film, to capture solar power in a much more efficient way than existing solar panels.
Hard frost threatens crops and the farmworkers who tend them across Vermont
At farms across the state, the effect of the freeze ripples out past the edges of the frozen fruitlets into the lives of the workers and consumers who depend on them.
South Burlington housing boom continues in city center
More than 200 more residential units could soon be built in South Burlington’s City Center under plans proposed by Snyder-Braverman, a Shelburne-based residential development company with a large presence in the city, who has proposed building three mixed-use buildings off Garden Street.
Zoning appeal blocks new Hyde Park homeless shelter
Lawyers representing Lamoille Housing Partnership, the nonprofit that purchased the Forest Hill property in partnership with Lamoille Community House, which plans to oversee its operations, have joined the town’s lawyers in defending the zoning designation.
Fairfield business owner repurposes general store as coworking space
The project is likely the first of its kind in Franklin County.
A(nother) new hotel planned for Taft Corners
The same ownership group that constructed the Hilton Home2 Suites hotel in the Finney Crossing neighborhood in 2020 is proposing a new four-story hotel just a stone’s throw to the east. Once constructed, the two hotels would be about a football field’s length apart.
Woodstock will pay landlords in nearby towns to house its workers
Originally, the program funded only units in Woodstock. Now, the town’s economic development commission has expanded the program’s boundaries.
NEK Broadband to receive $17.5 million from feds to connect most remote parts of region
The grant from the U.S. Department of Agriculture would pay for most of a $23.5 million project.
