The Vermont Economy

This is the VT Economy tag.

A new project in Bennington hopes to tap into the growing popularity of coworking spaces.

Organizers of the project, called The Lightning Jar, have partnered with the Vermont State Employees Credit Union to convert 1,200 square feet of the credit union’s downtown offices into a coworking space.

Steve Zind / VPR

Trustees of the Vermont State College system have approved another loan to help struggling Vermont Technical College. The loan was anticipated and the college’s president says VTC’s financial situation is improving.

demid / iStock

Nearly every worker dreams of taking a long break to recharge, learn something new or explore a part of the world they’ve never seen before. Turns out, some companies are seeing the value of offering their employees such sabbaticals.

Charlotte Albright / VPR

Opposition is building to a plan by Community National Bank to close two of its downtown locations in the Northeast Kingdom. Over 100 petitioners are asking the bank to reverse its decision, and there will be a public meeting about it this week.

We talk a lot about innovation and startups and entrepreneurship in Vermont. With good reason, too: as a small state, we will most likely grow jobs through new local companies.

John C. Stewart & Son, Inc.

On June 17, 1915 John C. Stewart opened a Ford dealership in Cuttingsville. One hundred years later, a fourth generation of Stewarts is operating John C. Stewart & Son, Inc. and still selling Ford vehicles in the Shrewsbury village of Cuttingsville.

Muriel Jane Waissman / istock

First-time home buyers in Vermont are getting some help with the expenses that come with buying a house. Legislation signed by Gov. Peter Shumlin last week includes up to $5,000 for closing costs and down payments.

On Jan. 27 of this year, there were more than 1,500 homeless people living in Vermont. That annual snapshot is down slightly from last year, according to new numbers from the Vermont Coalition to End Homelessness and the Chittenden County Homeless Alliance. But that number doesn’t tell the whole story.

Fourteen state employees got pink slips on Wednesday. The layoffs are part of a cost-cutting measure aimed at reducing labor expenses across state agencies, and it’s only the first phase of a significant government downsizing.

State revenues for the month of May failed to live up to economists’ expectations, but Administration Secretary Justin Johnson says better-than-projected performances in previous months will more than make up for the fiscal setback.