In about a year, two new foreign companies expect to be
operating in Newport at the site of a former skiwear manufacturer. AnC
Bio, a Korean bio-tech firm, and Menck Windows, a German company, are the
centerpiece of a $600 million economic development initiative promising
to bring 10,000 jobs to the Northeast Kingdom.
According to a new economic
profile, more than half of Windham County’s population is at or near retirement age. And the
region lags behind the rest of Vermont and New
England in wages and job opportunities,
especially opportunities for younger workers.
Economic indicators only tell us so much.
Incomes rose a little bit in Vermont last year and the state minimum wage rose on January
1st. But we still have over 5 percent unemployment, and new unemployment
claims spiked in the first week of the new year. We’ll look at how our economy has fared in
recent years, and what that might tell us about the year ahead.
The University of Vermont appointed former interim
president John Bramley on Wednesday to develop the university’s role in
economic growth. Bramley will work with the governor and the legislature to
make the most of limited resources.
Two Middlebury College political science professors say the results of the
2012 presidential campaign show that the election was largely determined by
voters’ views on the economy and not on the day-to-day events that received a
lot of attention from political pundits.
city of St. Albans was just approved by the state for the latest tax increment
financing district. Other
communities are interested in districts of their own, but state law limits how
many there can be. So Gov. Peter Shumlin wants the Legislature to add more
In Northfield, residents have formed a new group to celebrate and promote their community. Members of the group known as GO Northfield want to improve
communication between the municipality and the public.