The Vermont Economy

This is the VT Economy tag.

Director of Corporate Communication Jason Gorss confirmed Friday, "a small number of fab tools were impacted by a computer virus."
Steve Zind / VPR File

A computer virus recently infected a number of manufacturing tools at the GlobalFoundries plant in Essex Junction, a company spokesman confirmed Friday evening.

The Radio Vermont Group, which includes WDEV-AM in Waterbury, is for sale. Owner Ken Squier says at 82, he’s reached the age where he feels he must sell the stations.

Dannyone / iStock

With frequently wet and cool weather in Vermont this spring and summer, that's meant farmers have had to play catch up when it comes to planting crops and harvesting hay.

Lucas Benitez stands with other Coalition of Immokalee Workers members at the People's Root Cause March in 2004. Vermont advocates hope to use a strategy similar to the Coalition's to improve pay and working conditions for migrant dairy workers.
Courtesy / Coalition of Imokalee Workers

Migrant Justice and other advocates for Vermont dairy workers plan to march in protest on Saturday in an effort to pressure Ben & Jerry's to come to an agreement on wage negotiations. 

Vermont’s unemployment rate held at 3.1 percent in the month of May, according to the latest data from the state’s Department of Labor. The numbers show a loss of jobs in the construction and “Technical Services” sectors and new jobs added in “Administrative & Waste Services.”

Keurig Green Mountain is laying off up to 40 people across its Waterbury, Essex and South Burlington locations.

Bellows Falls wants to tear down the former Robertson Paper Mill and redevelop the property. A development group was awarded a $200,000 EPA grant Thursday, which will help begin remediation work on the former industrial site.
Howard Weiss-Tisman / VPR

Brattleboro, Bellows Falls and Bennington will share $700,000 in Environmental Protection Agency cleanup funding to redevelop former industrial properties.

Tony Sutton, an EB-5 investor, is suing the State of Vermont for being complicit in multi-million-dollar fraud allegedly perpetrated by those in charge of Jay Peak.
Lisa Rathke / AP

A man who invested a $500,000 in Jay Peak through the federal EB-5 foreign investment program is suing the State of Vermont and accusing state officials of being complicit in multi-million-dollar fraud allegedly perpetrated by Jay Peak owner Ariel Quiros and CEO Bill Stenger.

StockFinland / iStock

The national housing market crash of 2007 was catastrophic. But now, a decade past that seismic event, we take a look at where the Vermont real estate market has gone since then.

Mount Snow is using $22 million in EB-5 funding for a new ski lodge at the resort's Carinthia section, and another $30 million for a snow making expansion.
Howard Weiss-Tisman / VPR

After months of delays in securing its EB-5 funding, Mount Snow is finally moving ahead with a $52 million upgrade.

Ahead of the June 15 deadline, four groups working to preserve a scenic 22.5-acre property at Exit 4 in Randolph have raised the $1 million necessary to purchase the land.

The most recent issue of Vermont Life magazine. The publication is currently $3 million in debt, and that's led lawmakers to question the state-owned publication's future.
Henry Epp / VPR

In 2017, should the state of Vermont still be supporting a promotional magazine? That’s a question lawmakers put forward in this year’s state budget.

Angela Evancie / VPR

If you drink Vermont milk, or eat Vermont apples or vegetables, it's likely that you have foreign workers to thank. But do you know any?

Amy Kolb Noyes / VPR

A local nonprofit is training young Vermonters to fill a labor shortage in some sectors of the state’s economy. But the program is struggling with the very problem it’s trying to fix.

Vermont’s Department of Labor accidentally overcollected $26,000 in unemployment contributions from businesses across the state because of a rounding error coded into the state’s software in 2008, officials announced Thursday.

Amy Kolb Noyes / VPR

Vail Resorts' acquisition of Stowe Mountain Resort has been finalized. 

South Burlington voters approved a school budget for the coming academic year after defeating two previous budget proposals.
Taylor Dobbs / VPR

Voters in South Burlington approved a school budget for the coming academic year Tuesday after two earlier budgets failed. The 3,146 to 2,067 approval from voters came after a politically charged campaign.

Angela Evancie / VPR file

These are uncertain times for many school boards across the state as they try to negotiate new labor contracts with local teachers unions.

A double rainbow appears in the sky during an evening rain shower in Norwich in early June.
Angela Evancie / VPR

You waited all winter to plant those tomatoes, fresh herbs and flowering shrubs. Now, if only the weather would cooperate, right?  

Taylor Dobbs / VPR

Proposed federal cuts to affordable housing funds are headed to the Senate in Washington, but Gov. Phil Scott says that whatever the federal government does, affordable housing remains a priority for his administration.

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