Legislation and Rules Impacting Energy Costs | Information and Engagement for Affected Companies

As the 2024 legislative session approaches, there are several ongoing and pending legislative and regulatory processes that will impact the cost of energy, both electric and fossil fuels, for manufacturers and other businesses. The following is a brief overview of two of these tracks, and we encourage you to contact us at info@aivt.org if you […]

Webinar | Employee Retention Credit

The IRS will be hosting the following webinar: Employee Retention Credit: Latest information on the Moratorium and Options for Withdrawing or Correcting Previously Filed Claims Thursday, November 2 2:00 to 1:00 pm This webinar will cover the following: Understand the moratorium on ERC claims and how it affects taxpayers Learn who can withdraw ERC claims and […]

SBA/FEMA Deadlines Looming

The deadline to apply for FEMA assistance and SBA disaster loans for physical damage from flooding that occurred July 7 through July 21 is October 31, 2023. To be eligible for FEMA grants (click here) you need to live in Caledonia, Chittenden, Lamoille, Orange, Orleans, Rutland, Washington, Windham, or Windsor County. For SBA loans, (click […]

Vermont Labor Market

The Vermont Department of Labor released data on the Vermont economy for the time period covering September 2023. According to household data, the seasonally-adjusted statewide unemployment rate for September was 1.9%. This reflects an increase of one-tenth of one percentage point from the prior month’s revised estimate. The civilian labor force participation rate was 64.1% […]

Business Emergency Gap Assistance Program Portal Closing

A reminder that the Business Emergency Gap Assistance Program (click here) application portal is closing at 5:00 pm on Monday, October 23. All applications must be completed and submitted by then, including those that are currently considered incomplete. Please check the portal.  If your application is visible that means it is incomplete.  Please open it […]

Continuing Work on Tax Reform in Vermont and Washington

After leading efforts for reform over the last decade or more, AIV was recently successful in convincing the Legislature to enact single sales apportionment for state corporate income tax liability, which can significantly reduce state corporate income taxes for manufacturers and other exporting businesses, as well as an expansion of the sales tax exemption for […]

Vermont Minimum Wage Calculated for January 2024 

The Vermont Department of Labor has announced an increase to the state’s minimum wage. Beginning January 1, 2024, the state’s minimum wage will become $13.67 per hour. This is an increase of $0.49 from the current minimum wage of $13.18. Additional information on the Vermont Department of Labor and its resources may be found at Labor.Vermont.gov.

SBA Deadline Reminder

SBA disaster loan applications for physical damage from flooding that occurred July 7 through July 21 are due Thursday, October 12 for business owners in Caledonia, Chittenden, Lamoille, Orange, Orleans, Rutland, Washington, Windham, and Windsor Counties. The deadline for organizations in Addison County is November 13, 2023. The SBA also has economic injury loans.  Applications are […]

Trade Updates and Webinars | Member Contribution

The following updates and webinars are provided by AIV member A.N. Deringer: TMF at Ports of LA and Long Beach to Increase 4% Beginning November 1, the TMF will be $35.57 per TEU (twenty-foot equivalent unit) or $71.14 per forty-foot container. The TMF is charged on non-exempt containers. Containers exempt from the TMF include empty […]