The Vermont Economy

VPR's Steve Zind

VPR senior reporter Steve Zind focuses on the Vermont economy and its impact on our lives. Follow Steve Zind on Twitter, post comments on the stories, and let Steve know what local economy stories you think VPR should cover.

Steve Zind / VPR

Small business startups are seen as an important part of Vermont’s economy. But according to government statistics, one in five fails after one year, and about half of them are no longer in business after five years. 

JByard / iStock.com

Many Vermont dairy farms are experiencing a tough summer, receiving very low prices for their milk while they’re dealing with high production expenses. The situation has gotten worse, because a financial settlement of a key lawsuit against a national dairy cooperative has been appealed. 

Peter Hirschfeld / VPR file

Bruce Lisman, a Republican gubernatorial candidate, joined Vermont Edition for a one-on-one discussion. This interview is part of VPR's "Meet the Candidates" series, where we address a range of topics, but also want each participating candidate’s thoughts on four specific issues: gun control, taxes, marijuana legalization and health care.

Okemo Mountain Resort, courtesy

An EB-5, foreign investor-funded project at the base of Okemo Mountain Resort has come under new regulatory scrutiny over statements in its financial prospectus to investors. 

This month, a federal judge in Burlington approved a $50 million settlement to be paid by a national dairy marketing cooperative to thousands of Northeast dairy farmers, including farmers in Vermont. 

Steve Zind / VPR file

Four months after a plan for a major development at the I-89 exit in Randolph was withdrawn, the future of the property remains up in the air.

Angela Evancie / VPR file

Lt. Gov. Phil Scott is running as a Republication candidate for governor, and he joined Vermont Edition on Wednesday for a one-on-one conversation in advance of August's primary. 

Bob Kinzel / VPR

Vermont's three Democratic gubernatorial candidates have unveiled plans to make college more affordable for thousands of Vermont students. And the candidates have very different approaches to deal with this issue.

Vermont Gas Systems says the estimated cost of its controversial pipeline is going up nearly $12 million.

The company says based on a number of factors, estimated costs will rise to a total of more than $165 million.

The latest estimate is nearly double the original price tag of the pipeline to Middlebury.

Vermont Gas blames the lion’s share of the increase on construction costs, specifically the need to do more drilling and blasting than anticipated.

Toby Talbot / AP

The Obama Administration on Tuesday released long-awaited rules on the use of commercial drones.

Soon one of Vermont's oldest papers will no longer put out print editions daily. Leaders of the Rutland Herald and its sister paper, the Barre-Montpelier Times Argus, announced Monday that starting next month, both publications will only be printing the paper four days a week.

Matt Hogan

The Generator maker space has to move out of Burlington’s Memorial Auditorium by the end of this year. The non-profit workshop has reached a tentative agreement to move into a warehouse leased by Champlain College in Burlington’s South End.

Vermont’s unemployment rate fell in May to 3.1 percent, according to the Vermont Department of Labor, though seasonally-adjusted data show the state’s economy lost 800 jobs.

Amy Kolb Noyes / VPR

Stowe plays host to some notable sports events, but most of them are on snow. Yet back in the early '70s, Stowe attracted some of tennis’s biggest stars. And today there’s a group of Stowe businesses working to revive the town’s status as a professional tennis magnet.

GlobalFoundries has won a contract to produce computer chips for the defense department at two plants it acquired last year from IBM.

Courtesy, The Hermitage Club

The owner of a southern Vermont private ski resort says his Act 250 permitting process is delaying the start of a major project.

With a month left in the current fiscal year, state revenues are running roughly $15 million below projections. The biggest factor in the shortfall is slower than anticipated revenue growth from the state's personal income tax. Vermont's two major consumer based taxes, the sales tax and the rooms and meals tax are also performing below expectations.

Steve Zind / VPR

Keurig Green Mountain is laying off 108 Vermont workers in the wake of a decision to discontinue its cold beverage system.

Angela Evancie / VPR

For 14 years, an annual conference in Vermont has focused on employee-owned businesses. Organizers say this year’s conference, held this week at Champlain College in Burlington, was the best attended yet. They say it’s one sign of growing interest in employee-owned business models.

Emily Alfin Johnson / VPR

Around 400 people were at Burke Mountain this Memorial Day Weekend celebrating the planned fall opening of the Burke Hotel and Conference Center.

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