Rural Caucus Seeks Public Input on Flood Recovery and Climate Mitigation

Rural Caucus Seeks Public Input on Flood Recovery and Climate Mitigation

The Rural Caucus is taking the lead on flood recovery and resiliency, with public testimony this week dedicated to insights on how to aid rural Vermont after the devastating July floods. Businesses are encouraged to send policy recommendations to govaffairs@vtchamber.com to help inform a proposal that the Vermont Chamber will submit on behalf of the business community.

In public testimony this week, the group heard proposals and perspectives from Vermonters on how the legislature can take the necessary steps to support flood-affected communities and ensure their future resilience. Looking ahead, it’s not a matter of if, but when, a catastrophic weather event will hit Vermont again. Business vitality is crucial to the well-being of Vermonters, and strategic resiliency measures must be central to rebuilding and future planning.

Resiliency Must Be Central To Rebuilding and Future Planning

Resiliency Must Be Central To Rebuilding and Future Planning

In the wake of this summer’s catastrophic flooding, the Senate Economic Development, Housing, and General Affairs Committee took extensive testimony to inform legislative needs for a long-term mitigation plan. The hearing covered housing and community resiliency as well as the workforce challenges that could hinder the ability to make progress on climate mitigation.

The hearings featured FEMA, climate experts, infrastructure specialists, state regulators, and advocates discussing the ongoing impacts of the flood. They also emphasized the need for a new perspective on growth strategies to focus on new, resilient, regions. This challenges historical standards for where development should occur.

Many members of the committee, who also serve on the Senate Finance Committee, stressed the challenge of finding ways to fund these critical initiatives, recognizing the mounting pressures on the state budget. Additionally, the hearing focused on the challenges of cultivating a diverse workforce capable of addressing climate challenges. The shortage of skilled labor required for recovery and the lack of resilient housing for displaced residents loom as significant hurdles.

Leading up to the 2024 session, Megan Sullivan, VP of Government Affairs, will serve on the Agency of Commerce and Community Development’s Vermont Economic and Community Development Task Force. The group will help shape Vermont’s future in the face of ongoing climate challenges and will inform legislative priorities.

October is Manufacturing Month!

October is Manufacturing Month!

Manufacturing in Vermont is a catalyst for economic growth. For every $1 spent on manufacturing, it generates an estimated $2.68 worth of additional economic activity. The industry also employs 10% of the Vermont workforce and makes up 9% of Vermont’s GDP, contributing about $2.81 billion to the state economy. As Manufacturing Month comes to a close, Vermonters have ample reason to celebrate the dynamic and influential manufacturing industry that continues to shape our state.

Chris Carrigan, VP of Business Development, was on WDEV to discuss the Vermont Chamber’s legacy of strengthening Vermont’s manufacturing industry:

 

Vermont Chamber of Commerce Hosts 10th Annual Manufacturing Summit

Vermont Chamber of Commerce Hosts 10th Annual Manufacturing Summit

For a decade, the Vermont Chamber has brought together industry peers to facilitate sourcing and procurement opportunities at the Manufacturing Summit. OEM buyers, suppliers, and partners from across the United States and Canada convened at the event to strengthen supply chains and advance the Vermont economy. The event featured two days of virtual matchmaking, a robust seminar agenda, and an in-person networking reception.

Paradigm shifts brought on by the pandemic impacted global supply chains, causing businesses to modify their sourcing strategies. The Vermont Chamber’s Manufacturing Summit has met this challenge by innovating the event into a hybrid agenda. This year, 335 meetings between 90 suppliers and 24 OEMs, prime contractors, and government agencies took place. Many of the participants were leaders in the aerospace, aviation, defense, naval, marine, semiconductor, and space industries.

The 2023 Manufacturing Summit also marked the 10th anniversary of a collaboration agreement between Aéro Montréal and the Vermont Chamber. The Vermont-Québec Aerospace Trade Corridor links Vermont’s $2 billion aerospace manufacturing and civil aviation industry with the $18 billion Québec aerospace cluster. The corridor also extends to Connecticut and Ontario.

“Since 2013, the Vermont Chamber has built a legacy of strengthening Vermont’s manufacturing industry. Our advocacy work focuses on supportive tax policy and our supply chain matchmaking skills give Vermont businesses a competitive advantage. The Manufacturing Summit is the pinnacle of our year-round efforts to create a niche network of industry peers that enables supply chain opportunities in Vermont, New England, and Canada,” stated Chris Carrigan, Vice President of Business Development for the Vermont Chamber. “It was particularly exciting to produce this year’s event during Manufacturing Month, a time when the industry’s critical contributions to the national, state, and local economy are on full display.”

Several foreign and state dignitaries were present at the networking reception in Burlington, including Acting Consul General and Senior Trade Commissioner Dina Santos, Québec Delegate to New England Marie-Claude Francoeur, President of Aéro Montréal Mélanie Lussier, Treasurer Mike Pieciak, Commissioner Joan Goldstein, members of the Vermont Legislature, and representatives from the offices of Senator Bernie Sanders, Senator Peter Welch, and Congresswoman Becca Balint.

Vermont Chamber Announces New Board Members and Leadership

Vermont Chamber Announces New Board Members and Leadership

The Vermont Chamber of Commerce welcomed six new Directors to the Board: Alberto Aguilar of Carris Reels, Brendon Blood of Blood’s Catering & Party Rentals, Walter Frame of Trapp Family Lodge, Shireen Hart of Primmer Piper Eggleston & Cramer, PC, Kelly Krayewsky of Revision Military, and Leslee MacKenzie of Coldwell Banker Hickok & Boardman.

[Clockwise from top left] Alberto Aguilar, Brendon Blood, Walter Frame, Leslee MacKenzie, Kelly Krayewsky, Shireen Hart,

The Board also voted on a new slate of Executive Committee members, including Tom Dunn of Vermont Electric Power Company as Chair, Sharon Rossi of Foodscience Corp. as Vice Chair, Kathy Austin of Community National Bank as Treasurer, Peter McDougall as Past Chair, and Willie Docto of Moose Meadow Lodge and Kim Donahue of Inn at Round Barn Farm as Executive Committee Members at Large.

The Vermont Chamber of Commerce Board of Directors is dedicated to economic progress and the Vermont business community. Their collective expertise ensures that the work of the Vermont Chamber of Commerce is rooted in the diverse perspectives of those with lived business experience.

“The Vermont Chamber is unique in that it brings a diversity of businesses together with a shared purpose to work together toward building a stronger Vermont economy,” said incoming Board Chair Tom Dunn. “The six new team members we welcome today reflect and further strengthen this diversity. They join a Board comprised of effective business leaders, each with an outstanding record of accomplishment built on a blend of institutional knowledge, innovative thinking, and pragmatic leadership.”

Vermont Chamber of Commerce President Betsy Bishop said, “The Vermont business community has entrusted the Vermont Chamber with the work of advancing the Vermont economy. This work depends on bold leadership across our organization that represents the breadth of business in our state. We are proud to welcome each of these business leaders who, together, represent the breadth of industry in Vermont.”

The following business leaders will continue to serve as members of the board: Steve Gagner of 14th Star Brewing, Chris Karr of The Karr Group, Sue Bette of Bluebird Hospitality, Mané Alves of Vermont Artisan Coffee & Tea Company, Teresa Kajenski of Fothergill, Segale & Valley, Roger Nishi of Waitsfield and Champlain Valley Telecom.

Vermont Chamber Staff Earn 2023 Rising Star Awards

Vermont Chamber Staff Earn 2023 Rising Star Awards

Two members of the Vermont Chamber team have been announced as recipients of a Rising Star award. Amy Spear, VP of Tourism, and Megan Sullivan, VP of Government Affairs earned the honor which selects outstanding young leaders for contributions to the Vermont economy and their community.

Amy Spear, VP of Tourism (Left), Megan Sullivan, VP of Government Affairs (Right)

Amy and Megan will join the full 2023 class of awardees at an event hosted by VermontBiz on November 2nd and will also be featured in the November issue of VermontBiz. The Rising Stars honor 40 of Vermont’s most accomplished young leaders under the age of 40. Amy has been with the Vermont Chamber since 2019, overseeing tourism division activities, and is a member of the advocacy team specializing in tourism and hospitality issues. Megan joined the Vermont Chamber team in 2021 as the advocacy team lead, directing government affairs work with the mission of advancing the Vermont economy. This year’s class also included professionals from several member businesses:

  • Alex Adams – Green Mountain Power
  • Ike Bendavid – WCAX Channel 3 News
  • Ravi Bidichandani – PC Construction
  • Ryan Black-Deegan – Davis & Hodgdon CPAs
  • Melissa Bounty – Central Vermont Economic Development Corporation
  • Jennifer duToit Barrett – The Vermont Community Foundation
  • Phillip Foy – Encore Renewable Energy
  • Anna Grearson – Union Mutual
  • Olivia Lyons – Chamber & Economic Development of the Rutland Region
  • Maddy Murray-Clasen – Green Mountain Power
  • Megan Roush – Vermont Housing Finance Agency

VMEC and Vermont Chamber Join Forces to Bolster Vermont’s Supply Chain Resiliency with CONNEX™ Vermont and the Manufacturing Summit

VMEC and Vermont Chamber Join Forces to Bolster Vermont’s Supply Chain Resiliency with CONNEX™ Vermont and the Manufacturing Summit

The Vermont Chamber of Commerce and the Vermont Manufacturing Extension Center (VMEC) are partnering to strengthen supply chains to benefit the Vermont manufacturing industry. VMEC’s CONNEX™ Vermont platform is a powerful online manufacturer-supplier database and connectivity tool provided as a no-cost resource for all Vermont manufacturers and suppliers. The Vermont Chamber’s annual Manufacturing Summit brings OEMs & Prime buyers, suppliers, and partners together from the U.S. and Canada for virtual and in-person networking.

Together, these opportunities create a well-rounded environment for Vermont businesses to connect with suppliers and buyers both locally and abroad. With virtual and in-person offerings, manufacturers are able to access a powerful online platform 24/7/365, while also attending high-level engagement opportunities right in their own backyard.

“This partnership is a win-win,” stated Gregory Maguire, General Counsel and Director of Business Strategy of Liquid Measurement Systems. “Combining the Vermont Chamber’s advocacy expertise and their annual Manufacturing Summit with VMEC’s new platform for Vermont suppliers will support matchmaking, help solve current and future supply chain challenges, and create more value for the Vermont manufacturing community.”

CONNEX™ Vermont will combine Vermont manufacturer and supplier data into a single, accurate, searchable scouting database to provide supply chain visualization. This will allow buyers, manufacturers, and suppliers to quickly post and respond to needs, visualize supply chain risk, search for qualified suppliers, and discover new business opportunities. The Vermont Chamber’s advocacy expertise complements this work by identifying policy opportunities to reinforce the manufacturing industry and advance the Vermont economy.

The Vermont Chamber and VMEC partnership will elevate the ability of manufacturers to access new contacts, business opportunities, and contracts in key industries such as aerospace and aviation, defense and space, industrial, naval and marine, and medical devices.

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State-Funded BEGAP Program Announced to Aid Business Recovery

State-Funded BEGAP Program Announced to Aid Business Recovery

The Department of Economic Development has created the Business Emergency Gap Assistance Program (BEGAP) to assist impacted businesses with flood recovery. Funding for the $20 million program was formally approved by the Vermont Emergency Board, which unanimously voted for the reallocation of state funds. Applications are being approved on a rolling basis until all funds are expended.

The $20 million of funding was transferred from a $30 million total appropriation to the Public Service Department for the Vermont Community Broadband Board. The Governor is set to include a plan to replace these funds in his FY24 budget adjustment proposal.  

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Businesses Face Double-Digit Health Insurance Rate Hikes

Businesses Face Double-Digit Health Insurance Rate Hikes

Following a public comment period, the Green Mountain Care Board has approved reduced rate increases for health insurance plans. BlueCross BlueShield group rates will rise by 13% while MVP will rise by 11.5%. This cost increase will weigh heavily on the cost burden of small businesses. A review of hospital budget proposals is expected from regulators in the coming weeks.

Looking ahead, the Vermont Chamber is already anticipating 2025 when the issue of re-merging the small group and individual markets will be back on the table in the legislature. Stakeholders will have to fully understand what re-merging the market would mean financially to small businesses that represent only 6% of the health insurance landscape.

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Vermont Chamber Engaging with Stakeholders on Act 250

Vermont Chamber Engaging with Stakeholders on Act 250

The Stakeholder Steering Committee for a legislative report on “Necessary Updates to the Act 250 Program” is continuing to meet to advise the Natural Resources Board on a comprehensive and inclusive approach to the Report. The Vermont Chamber, which serves on the committee, is centering modernization in this work to ensure the program incentivizes essential housing development in smart growth areas. This is of the utmost importance for businesses that continue to face a severe workforce crisis that is exacerbated by the housing shortage, and now made worse by the recent flooding.

When the legislature examines housing and changes to Act 250 it will be paramount to reconsider what smart growth for housing in a resilient Vermont should look like. The Vermont Chamber continues to meet with defined stakeholder groups and businesses to inform our work in this area. To share your opinion on the pain points of Act 250 and opportunities for modernization, contact govaffairs@vtchamber.com.

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