New Laws in Effect July 1

New Laws in Effect July 1

As of July 1, several new laws have taken effect that will impact employers and employees in Vermont. 

Vermont State Payroll Tax for Childcare Contributions: The first state payroll tax for childcare contributions began on July 1. Employers need to be ready for the additional tax and must make decisions about how this new tax will be divided between the employer and employees. Learn more by watching the Department of Taxes webinar and viewing their presentation for employers.

U.S. Department of Labor’s New Overtime Regulation: The Department of Labor’s new overtime regulation, published on April 26, will raise the salary threshold for executive, administrative, or professional employees in two steps. The first increase on July 1, 2024, raises the salary to about $44,000, and the second on January 1, 2025, raises it to about $58,600. The highly compensated employee threshold will also increase in two steps, with adjustments every three years.

Amy Spear Announced as President of the Vermont Chamber of Commerce

Amy Spear Announced as President of the Vermont Chamber of Commerce

The Vermont Chamber of Commerce Board of Directors has announced Amy Spear as the incoming President of the organization. Spear was selected from a robust pool of applicants following a six-month search committee process that leveraged the expertise of Burlington-based Hawley Consulting Services. The committee’s recommendation was ratified by the full board at a June 6 meeting.

“I look forward to working with Amy and building on her expertise in chamber operations, government affairs, and strategic planning,” said Tom Dunn, Vermont Chamber of Commerce Board Chair and CEO of VELCO. “With her success advocating for the restaurant and lodging industries in the State House, I am confident she will continue building on the Vermont Chamber’s legacy of business advocacy.”

Spear has been part of the Vermont Chamber leadership team since 2019, serving as the Vice President of Tourism. She was named to the Vermont Rising Stars Class of 2023. Before joining the Vermont Chamber, she was the Executive Director of the Stowe Area Association, Stowe’s destination marketing organization. With over 15 years of experience in the non-profit sector, Spear is a dynamic and results-oriented professional with a proven track record of driving initiatives, engaging diverse stakeholders, and delivering successful outcomes. Committed to organizational excellence, Spear has worked with three chambers in Vermont and is currently earning her Institute for Organization Management designation, a four-year program for association leaders, with an expected graduation date of July 2024. She lives in Killington with her family and is an active community volunteer.

“I am honored to serve in this role, and I am excited to continue working with our talented team,” said Spear. “As incoming President, I am committed to ensuring that the Vermont Chamber continues to focus on its mission to advance the Vermont economy.”

Reporting to the Board of Directors, the President is responsible for setting the strategy and tone of the organization ensuring it remains the most influential non-partisan business organization in Vermont. Amy’s tenure will begin on July 1, 2024.

Vermont Chamber of Commerce Honors President Betsy Bishop’s 30-Year Impact on the Vermont Economy

Vermont Chamber of Commerce Honors President Betsy Bishop's 30-Year Impact on the Vermont Economy

On May 22, the Vermont Chamber of Commerce Board of Directors convened a celebration in honor of President Betsy Bishop. Generations of Vermonters gathered at the ECHO, Leahy Center for Lake Champlain to commemorate her 30-year legacy of leadership and impact on the economic growth of Vermont.

“During Betsy’s 15 years as President, the Vermont Chamber has become the most influential business advocacy organization in the state,” said Tom Dunn, Vermont Chamber of Commerce Board Chair and CEO of VELCO. “She has led the organization with steadfast dedication, strategic vision, and an infectious passion for the Vermont economy.”

Several notable officials delivered remarks, including Governor Jim Douglas, who reflected on Betsy’s earlier career as a member of his cabinet and administration.

“It is an honor to celebrate such an exceptional individual who has dedicated so much to public service,” stated Governor Douglas. “Throughout her career, Betsy has demonstrated a profound commitment to Vermont. I wish her all the best in her future endeavors, and I know she will do great things in her next chapter.”

The evening culminated with a bourbon toast, with 150 attendees raising a glass to Betsy’s legacy and contributions to the success of Vermont. Betsy Bishop announced her departure from the Vermont Chamber in December 2023 and a leadership transition for the organization is set for summer 2024.

“When I reflect on my 30 years of work at the Vermont Chamber and in the State House, it’s been an incredible adventure. So many of the people who shared this path with me are here today,” stated Betsy Bishop. “I’ve been privileged to work alongside all of you. To the doers, the planners, the innovators—thank you for being on this journey with me.”

Notable attendees also included Treasurer Mike Pieciak, Secretary Lindsay Kurrle, and Commissioners Joan Goldstein, Beth Fastiggi, Wendy Knight, Alex Farrell, and Michael Harrington.

Attendees were encouraged to donate to the Vermont Futures Project in honor of Betsy’s tenure and founding of the organization. To capitalize on the foundation of data and research that has been built, the Vermont Futures Project is leading the development of a unified and durable statewide economic plan that is set to be released this summer. 

The success of the event was made possible by the support of Acrisure, The Hartford, Farrell Distributing, Casella Waste Management, Greater Burlington Industrial Corporation, The University of Vermont Health Network, Bloods Catering & Party Rentals, VACEplus Insurance, and the Vermont Association of Chamber of Commerce Executives.

Op Ed: Eclipsing 802,000: Making Vermont a Destination for a Lifetime

Eclipsing 802,000: Making Vermont a Destination for a Lifetime

This commentary is by Kevin Chu, Executive Director of the Vermont Futures Project, and Amy Spear, Vice President of the Vermont Chamber of Commerce

On April 8th, over 160,000 people visited Vermont to observe the solar eclipse. Vermont briefly surpassed the 802,000 population goal that the Vermont Futures Project set last year, and we saw a glimpse of the vibrancy that’s possible in our state. Our downtowns and villages were full of life, full of people engaging in commerce and connecting with communities.

When totality occurred, there was a palpable sense of shared humanity and joy. For three and a half minutes, it didn’t matter if the person next to you was a visitor or resident. It didn’t matter if they were rich or poor, what languages they spoke, the color of their skin, or who they loved. For three and a half minutes, we were all human. What we observed in the sky was rightfully described by many as a once-in-a-lifetime event. What happened on the ground doesn’t have to be. Vermont needs more people, and more people need Vermont, whether it’s for a day, a week, months, or years.

The Vermont Chamber of Commerce recently convened Tourism Economy Day at the State House to highlight the collective impact of the visitor economy. The industry accounts for $3 billion in spending and supports 35,000 jobs (11.5% of Vermont’s workforce). Tourism also plays a profound role in connecting people to places. It unlocks much of the economic activity and vibrancy we see in our rural communities – visitors develop an affinity for Vermont, and some dream of moving here. We can make those dreams a reality by welcoming them with open arms and continuing to leverage the strength of our tourism economy to attract future residents.

Yes, doing so will mean we need to build more homes. It can also mean rural revitalization that taps into existing capacity in areas of the state that have depopulated. More housing and more people can make Vermont more affordable. It means a more robust workforce, thriving businesses, and a growing tax base that can support vital programs and services. Schools can be full of children again, and children won’t be told they need to leave Vermont to be successful. Opportunities to live, work, and play in this great state will be more abundant. A growing economy means that more needs, of more people, are being met more of the time.

We can’t afford to let Vermont be a once-in-a-lifetime place. For once, let’s make it a place that anybody can choose for a lifetime. 

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About the Vermont Futures Project

The Vermont Futures Project is an independent non-partisan organization pursuing answers to their mission question: How can we use data to support the evolution of Vermont’s economy towards a thriving future full of opportunity for all?

About the Vermont Chamber of Commerce

The Vermont Chamber of Commerce is dedicated to advancing the Vermont economy. Trusted by the businesses that make living, working, and thriving in Vermont possible, we prioritize collaboration and uphold the core values that define our state. As the preeminent not-for-profit business organization, we advocate, build community, and provide resources for businesses statewide.

Tourism Economy Day Brings Business and Policy Leaders Together at the State House

Tourism Economy Day Brings Business and Policy Leaders Together at the State House

Over 100 tourism and hospitality industry leaders gathered at the State House on April 11 to engage with legislators and raise awareness of the collective contributions of these industries to the Vermont economy. “Tourism Economy Day,” convened by the Vermont Chamber of Commerce and Ski Vermont, brought businesses together to advocate for a thriving Vermont visitor economy.

The Vermont visitor economy has a $3 billion annual economic impact, supports 35,000 jobs, and represents 11.5% of our workforce. Businesses, legislative leaders, and Administration officials collaborated for a day of advocacy that elevated the collective contributions of the visitor economy to Vermont. A coffee hour with Governor Scott, a joint hearing with the House Commerce and Economic Development Committee and the Senate Economic Development, Housing, and General Affairs Committee, a Resolution reading on the floor of the House of Representatives, an evening food and beverage tasting reception with the Vermont Specialty Food Association all took place throughout the day.

Rep. Stephanie Zak Jerome (Rutland-9), a stalwart supporter of the tourism industry, offered a House Resolution, H.C.R 211. “The Vermont visitor economy remains a vital engine powering our state and bolstering our businesses and local economy. This annual event provides an opportunity for industry leaders from across Vermont to testify on the importance of their work, speak directly to legislators, and elevate the importance of the tourism and hospitality sectors in the State House,” commented Rep. Jerome.

“The Vermont Chamber has a proven track record of bringing businesses together with a shared purpose to work together to build a stronger Vermont economy,” said Amy Spear Vice President of Tourism for the Vermont Chamber of Commerce. “This year’s event focused on advocating for strategic initiatives to bolster business success and contribute to the vitality and resiliency of our state: workforce development, economic recovery and resiliency, and workforce housing.”

“Outdoor recreation relies on sustaining a healthy and thriving environment and is vital to Vermont’s $1.9 billion outdoor recreation tourism economy,” says Ski Vermont President Molly Mahar. “Vermont’s ski areas understand the importance of sustainable stewardship for tourism and its economic benefit to their local communities and across the state. For decades they have worked to support and enhance the state’s capacity for outdoor recreation while protecting the environment and reducing carbon emissions. They maintain that focus so current and future generations can continue to enjoy all that Vermont has to offer.”

Business leaders centered their advocacy on three key pillars of opportunity: workforce development investments in training and education to meet industry demands, economic recovery and resiliency programs to address and anticipate economic injuries from disasters, and workforce housing solutions to meet future needs.

“Friends, mentors, and colleagues have had to shutter their businesses in the wake of recent catastrophes. It’s heartbreaking,” stated Stefano Coppola, Chef and Owner of Morse Block Deli & Taps. “While the State’s work to help businesses through the pandemic, and later the flood, was commendable, there is still much progress to be made. We need additional support so that when something like this happens again, we are more prepared to help the hospitality industry.”

“By investing in education and workforce development, we can cultivate future leaders and ensure the sustainability of our vibrant tourism economy,” stated Hans van Wees, General Manager of Hotel Vermont and Co-Chair of the Vermont Lodging Association. “Our goal is to empower high school graduates, career changers, and current industry professionals through targeted programs that bridge the gap between education and practical experience.”

Additional business and policy leaders that testified were: Charles Tino Rutanhira of the Vermont Professionals of Color Network, Jay Wahl of The Flynn, Emily Schriebl Scott of the Weston Theater Company, Andrew Stenger of Jay Peak Resort, Bob Grim of Foam Brewers, Hans van Wees of Hotel Vermont and the Vermont Lodging Association, and Heather Pelham, Commissioner of the Department of Tourism & Marketing.

Tom Dee Selected as the 2024 Citizen of the Year

Tom Dee Selected as the 2024 Citizen of the Year

The Vermont Chamber of Commerce has selected Thomas A. Dee, President and CEO of Southwestern Vermont Medical Center (SVMC) as the 2024 Citizen of the Year. He was selected for the award for his outstanding contributions to southern Vermont, particularly his impactful efforts in health care and community development. The award will be presented at a celebratory event on Thursday, August 1, at the Everett Mansion at Southern Vermont College in Bennington.

The award is presented annually by the Vermont Chamber to honor an outstanding Vermonter who has made major contributions to the betterment of Vermont; has been distinguished through outstanding service to their community and region; and typifies the true spirit of service and self-sacrifice in representing the finest ideals of Vermont citizenship. 

“Tom has put heart and soul into improving the quality of health care – and the quality of life – in southern Vermont, while also taking visionary steps to ensure that excellent health care will be sustainable in the decades to come,” stated Kathy Fisher, Chair, SVMC Board of Directors. “And, given Tom’s understanding of the impact of socioeconomic factors on population health, he has also played a vital role in the redevelopment of downtown Bennington.” 

“I’m humbled by this honor and grateful for the attention it brings to SVMC and the community of Bennington, which I call home,” said Tom Dee. “I have always strived to be a good steward of this health care system and, while I consider myself a small part of its more than 100-year history, I understand the crucial role we have in the communities we serve and in the State of Vermont. This has always motivated me to move SVMC forward and support our community, where I can.”

“In his 14-year tenure, Tom Dee’s dedication to SVMC and southwestern Vermont has been pivotal to improving the local economy, and raising the bar for what it means to be a community leader,” stated Betsy Bishop, President of the Vermont Chamber. “We are proud to award this recognition to Tom Dee and look forward to bringing Vermonters together to celebrate in Bennington.” 

The award dates back to 1964 and previous recipients include Senator Patrick Leahy, Barbara Snelling, Antonio Pomerleau, and Ken Squier. Registration to attend the celebration is now open. For more information, visit the Citizen of the Year event website

About Tom Dee

Thomas A. Dee is the President and Chief Executive Officer of Southwestern Vermont Medical Center (SVMC) in Bennington, VT. Dee has over 33 years of experience as a hospital CEO. Under Dee’s management, the integrated health system has attained twelve consecutive years of positive operating performance and has been recognized with numerous state and national awards for quality of care, community leadership and workplace excellence.

He was recently named to Becker’s Hospital Review’s list of 110 rural hospital and health system CEOs to know for 2024. Dee led in the planning and implementation of the affiliation of SVMC with Dartmouth Health, commencing in 2012 with the formation of Dartmouth-Hitchcock Putnam Group Practice – a 150 member multi-specialty provider group. In 2023, SVMC became an institutional member of Dartmouth Health.

Before SVMC, Dee worked for Health Alliance in Kingston, NY, an integrated health system of three hospitals. He was president and Chief Executive Officer of the 222-bed Benedictine Hospital for more than 17 years. Dee has a Bachelor of Science in Business Administration and a master’s in Healthcare Administration, both from Xavier University in Ohio.

Treasurer Mike Pieciak Connects with Business Leaders at the Wellspring Forum

Treasurer Mike Pieciak Connects with Business Leaders at the Wellspring Forum

Treasurer Mike Pieciak connected with Vermont business leaders at the Patrick Leahy Burlington International Airport for the latest installment of the Wellspring Forum series on March 22, 2024. Each event in the series has convened top business and policy leaders at a unique business and is moderated by Vermont Chamber President, Betsy Bishop.

“Connecting business and policy leaders for robust conversations is essential to our mission of advancing the Vermont economy,” stated Bishop. “Treasurer Pieciak was featured at our very first Wellspring Forum in 2022 when he was on the campaign trail, and it’s only fitting that we had him back in his official capacity to delve into the economic issues that are on the top of mind for Vermont businesses.”

Treasurer Pieciak took audience questions and addressed employer concerns, including struggles with the scale of financing important services in Vermont such as education, health care, and technology, along with ongoing affordability and workforce woes. The Treasurer also spoke about his work on VT Saves, Baby Bonds, and promoting housing growth in Vermont through recent substantial investments.

“Vermont continues to be a desirable location for people seeking a high quality of life,” said Treasurer Pieciak. “People want to live here, and our businesses want to expand, but we don’t have the workforce because we don’t have the housing. That’s why our Office has prioritized supporting new housing by investing over $60 million in low-interest loans in the last year alone. These funds are expected to support the development of over 1,100 new units of housing to help address our changing demographics, grow our economy, and support a more prosperous future for all Vermonters.”

Business leaders from across Vermont toured the Patrick Leahy Burlington International Airport following the forum, receiving a first-hand account of the new development project, “Project NexT” which will create a new terminal building to advance efficiency, safety, traveler amenities, and partner accommodations.

“It was a privilege to welcome Vermont Treasurer Mike Pieciak at the Vermont Chamber of Commerce’s Wellspring Forum last week,” said Nic Longo, Director of Aviation at the Patrick Leahy Burlington International Airport. “As we prepare for Project NexT, the latest and largest sustainable infrastructure project at Patrick Leahy Burlington International Airport, we are committed to opening our airport to not just passengers but to the general public at future events.”

The event is inspired by Governor James H. Douglas’ quote; “I am often reminded that the wellspring of Vermont liberty flows from Main Street, not State Street,” and was made possible by the sponsorship of AT&T, The National Life Group, NBT Bank, and Blue Cross Blue Shield of Vermont.

Building Together: A Call for Collaborative Housing Legislation

Building Together: A Call for Collaborative Housing Legislation

This commentary is by the Vermont Chamber of Commerce, the Vermont Natural Resources Council, and the Vermont Association of Planning and Development Agencies

Climate change poses a significant threat to Vermont’s natural resources, economy, and way of life. From extreme weather events to loss of biodiversity, the impacts are already evident. Simultaneously, Vermont faces an urgent housing crisis that demands swift and strategic action. Adequate and affordable housing is essential for attracting and retaining a skilled workforce, promoting economic vitality, accommodating climate refugees, and ensuring the well-being of our communities.

Elected leaders at all levels have made building more housing and protecting our environment a priority – and yet progress to comprehensively reform Act 250, our state’s landmark land use and development law, has remained elusive for a number of years, even though there have been multiple attempts. This year, after building unprecedented consensus among a number of stakeholders, we believe a compromise is available, actionable, and attainable.

Legislators can make real progress this year by passing the recommendations in the Vermont Natural Resources Board’s report on the Necessary Updates to Act 250, which was released in December 2023. This report reflects areas of common ground and outlines a framework for how Act 250 can be modernized to better protect our environment while also encouraging more housing to be built in viable locations.

Act 250, originally enacted in 1970, has played a fundamental role in shaping Vermont’s development, and these proposed updates signal a willingness to adapt to the evolving needs of our state. Following six months of work, stakeholders with different priorities, have shown a commitment to demonstrating that progress is not a zero-sum game. The solutions proposed in this report highlight the intersectionality of the challenges Vermont faces today, and offer a path forward to incentivize new housing development in and around our community centers, while better protecting Vermont’s natural resources.

With the current legislative session well underway, this report is now in the hands of Vermont’s lawmakers. Committees in both chambers have spent weeks hearing testimony on how Act 250 can be improved to more effectively support housing, environmental protection, social equity, and economic vitality. There is much more work to be done to develop legislation that meets the moment by adequately protecting our environment and advancing needed housing around the state.

By modernizing Act 250 to a location-based approach with a 3-tiered system, we can better incentivize the development of dense and resilient communities where we want growth to happen while also recognizing that certain natural areas deserve a heightened level of review. In Tier One, Act 250 would acknowledge where municipalities and state agencies are already providing appropriate oversight of development by encouraging compact housing in areas that will lead to better smart growth outcomes. The addition of a “road rule” trigger and forest fragmentation criteria in Tier Two would incentivize more compact growth that better maintains our forested and agricultural lands and wildlife habitat. Tier Three would acknowledge that there are critical natural resources that need additional review and protection when development is proposed.

We acknowledge and expect that disagreements will continue to arise throughout the legislative session. However, we firmly believe that by remaining at the table and engaging in open dialogue, we can find common ground and work together to find solutions that serve the best interests of Vermont. We can strike a balance between development and natural resource protection that allows us to find shared solutions to the housing crisis and mitigate the impacts of climate change and biodiversity loss.

The Vermont Chamber of Commerce, the Vermont Natural Resources Council, and the Vermont Association of Planning and Development Agencies recognize the urgency of addressing these issues and are committed to fostering collaboration among stakeholders. Each of our organizations brings a unique perspective to the issue and we are all committed to working toward policies that pave the way for a resilient and prosperous future for all Vermonters.

As leaders in our respective fields, we urge legislators, communities, businesses, advocates, and government agencies to remain engaged in this collective effort. The challenges we face are immense, but so too is our capacity to overcome them. Let us embrace collaboration, and work together to create a resilient, thriving future for Vermont.

About the Vermont Chamber of Commerce

The Vermont Chamber of Commerce is dedicated to advancing the Vermont economy. Trusted by the businesses that make living, working, and thriving in Vermont possible, we prioritize collaboration and uphold the core values that define our state. As the preeminent not-for-profit business organization, we advocate, build community, and provide resources for businesses statewide.

About Vermont Natural Resources Council (VNRC)

Through research, education, collaboration and advocacy, VNRC protects and enhances Vermont’s natural environments, vibrant communities, productive working landscapes, rural character and unique sense of place, and prepares the state for future challenges and opportunities.

About the Vermont Association of Planning and Development Agencies

The Vermont Association of Planning and Development Agencies (VAPDA) is the statewide association for the State of Vermont’s 11 regional planning commissions. Regional Planning Commissions (RPCs) are Political Subdivisions of the State of Vermont created by their member municipalities.  RPCs provide technical assistance to municipalities, and since Vermont does not have county governments, Vermont’s Regional Planning Commissions act as a link between municipal affairs and state government. RPCs work in fields that directly and indirectly affect the public at large: land use, transportation, housing, economic development, environmental quality, and more.

Immigration and Artificial Intelligence Highlighted at the 2024 Vermont Economic Conference

Immigration and Artificial Intelligence Highlighted at the 2024 Vermont Economic Conference

The Vermont Chamber of Commerce’s annual Vermont Economic Conference convened more than 200 business and policy leaders for a day of insightful presentations, engaging discussions, and valuable networking opportunities. The agenda provided attendees with an in-depth look at national and state perspectives on the economy as well as the latest economic indicators shaping Vermont’s business landscape.

“We are proud to build on our record of convening Vermont businesses to provide resources that help the community navigate a rapidly evolving landscape,” said Vermont Chamber President Betsy Bishop. “In addition to economic outlook presentations by top economists, it was important to us that the agenda featured two of the leading issues for the year ahead. Artificial intelligence is reshaping industries and redefining the way we do business, while the immigration-to-workforce pipeline is a crucial opportunity for our state.”

A panel discussion entitled “Leveraging Vermont’s Immigration Experience to Solve Workforce Needs,” included Leslie Holman of Holman Immigration Law, Tracy Dolan of the State of Vermont Refugee Office, Julia Birnn Fields of Birnn Chocolates of Vermont, and was moderated by Adam Grinold of the Brattleboro Development Credit Corporation. The expert stakeholders provided insight into the economic contributions of immigrants to Vermont, the importance of workforce development and diversity, and the impact of immigration policies on local businesses and communities.

The event also featured Alec Newcomb, the Founder of ScaledOn, who delved into the theory of artificial intelligence and shared practical applications for businesses looking to harness its potential. The interactive presentation gave attendees the resources necessary to understand the theory of the technology and practical applications for businesses looking to harness its potential.

TD Bank Senior Economist Leslie Preston presented valuable insights into the broader U.S. economic landscape, with a presentation on national trends and their impact on the future. This was complemented in the agenda by Mat Barewicz, Economic & Labor Market Information Chief for the Vermont Department of Labor who presented on the state economic outlook.

The event opened with the presentation of the 2023 Outstanding Business of the Year Award to Bourne’s Energy. The award was presented by the Vermont Chamber of Commerce and VermontBiz and accepted by Peter Bourne on behalf of the business.

The Wellspring Forum Connects Senator Peter Welch with Business Leaders

The Wellspring Forum Connects Senator Peter Welch with Business Leaders

Senator Peter Welch addressed the Vermont Chamber Board of Directors and other Vermont business leaders at the Wellspring Forum series which was held at KORE Power in Waterbury. The event series, hosted by the Vermont Chamber, regularly brings together top Vermont business and policy leaders for robust economic discussions. Each event takes place at a unique Vermont business and is moderated by Vermont Chamber President, Betsy Bishop.

“The Vermont Chamber is proud to build on our record of advancing the Vermont economy by connecting Vermont business leaders with Senator Welch and facilitating an opportunity for robust policy discussions,” stated Bishop. “We remain grateful for Senator Welch’s willingness to meet businesses where they are, and for taking their concerns back with him to Washington D.C.”

Senator Welch was in person at the facilities of KORE Power to answer audience questions and address employer concerns. Business leaders asked the Senator to speak to opportunities for federal solutions on middle-income workforce housing, affordability, immigration, and other national economic stability concerns. The Senator also applauded the leadership of Vermont businesses on climate security and innovation.

“The Vermont Chamber’s Wellspring Forum provided the opportunity to hear directly from business owners about so many issues that are directly impacting Vermont’s business community. We discussed the importance of providing targeted disaster relief to businesses impacted by the brutal flooding this summer, efforts to strengthen our workforce, our continued fight to combat climate change, and federal actions to expand access to health care and childcare,” said Senator Welch. “I will continue to bring the voices and concerns of Vermonters with me to Washington and keep working to level the playing field here in the Green Mountain State.”

Following the forum, business leaders from across Vermont toured the KORE Power facility to learn more about the leading U.S.-based developer of battery cell technology and integrated solution manufacturer for the energy storage and e-mobility sectors.

“As New Englanders, we’re particularly proud to engineer solutions that advance energy independence and reliability,” said KORE Power President Jay Bellows. “With Senator Welch’s support of federal policies like the IRA, solutions built by our team here in Vermont that deliver those benefits are in demand across the nation.”

The event title is inspired by Governor James H. Douglas’ quote; “I am often reminded that the wellspring of Vermont liberty flows from Main Street, not State Street.”

This Wellspring Forum was made possible by the support of the following sponsors: