On the Wire | News and Analysis from the Web

Transforming Advanced Manufacturing Through Industry 4.0.  McKinsey 6/27 “The last decade has seen companies operating under increasing levels of disruption. Quickly changing customer preferences, as well as demand uncertainty and disruptions, are challenging planning systems to unprecedented degrees. National security interests, trade barriers, and logistics disruptions are pushing businesses to find alternatives to globalized supply chains. […]

UI Tax Reductions for the Coming Year, Better than Expected Trust Fund Recovery and AIV-Led Reforms Help

The Vermont Department of Labor has announced that effective July 1, 2022, employer unemployment insurance taxes will decrease as the UI tax schedule moves from Schedule III to Schedule I. This change is part of an annual statutory calculation performed by the Department based on the Trust Fund’s reserves and historical demands. In addition, taxable […]

Survey Regarding Returning to Work After the Pandemic

In March, the Vermont Department of Labor contributed a series of questions to a statewide poll in order to learn more about the population of Vermonters that were in the labor force prior to the pandemic but have yet to return. In particular, VDOL was interested in why people have not returned. Click here for […]

On the Wire | News and Analysis from the Web

Economic Indicators.  US Census Bureau 6/3 NAM Pushes for Smart SEC Cyber Rule.  NAM 6/3 “The U.S. Securities and Exchange Commission has proposed a rule that would impose new cybersecurity disclosure requirements on manufacturers—and the NAM is pushing to make those requirements work better. . . .” Productivity and Costs.  Bureau of Labor Statistics 6/2  […]

Potential Increases in Fossil Fuel Costs Fails in Close Veto Override Vote, But Issue Won’t Go Away

The House on Tuesday narrowly sustained the Governor’s veto of H.715, which would have directed the Public Utility Commission (PUC) to develop Clean Heat Standard rules.  Under the Clean Heat Standard, sellers of heating oil, propane, kerosene, natural gas, and coal would have to reduce greenhouse gas emissions attributable to the Vermont thermal sector by […]

Economic Development Bill Passes Legislature, Includes Aid and Incentives for Employers and Employees

The final conference report for S.11, which became the latest and last vehicle for attaching a wide range of economic development and other provisions that have evolved over this session,  has passed the Legislature and is awaiting the Governor’s action.  It includes a number of provisions intended to help certain employers and employees.  Unfortunately it […]

All EIDLS Deferred Until 2022

The Small Business Administration reminds all Economic Injury Disaster Loan borrowers the agency extended deferment period for all disaster loans, including COVID-19 EIDLs, until 2022. All SBA disaster loans made in calendar year 2020, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 24-months from the date of the note. […]

Upcoming Webinars

AIV’s national allies and partners at NAM and the Manufacturing Institute are hosting the following webinars and events that you might find of interest: Are Manufacturers Cyber-Ready for Today and Tomorrow? July 15, 2:00 pm. Click here for more. Putting Employees First with Augmented Reality. July 19, 2:00 pm. Click here for more. Best Practices […]

Economic Recovery Bridge Program Opens to Additional Businesses

As of July 7, 2021, the Vermont Agency of Commerce and Community Development (ACCD) is expanding eligibility for its Economic Recovery Bridge Program.  With this change, ACCD is now accepting applications from organizations that have received prior State of Federal assistance. Under the expanded guidelines, organizations that can demonstrate; 1) a 2020 tax loss; and 2) that the organization suffered […]

Updated Resources and Guidance from USDOL and OSHA

Teen Worker Safety Young worker injuries have risen since 2016. Here are seven ways employers can make sure their young workers stay safe on the job.  Click here. Labor Council Meeting This week, we participated in the first Labor Council meeting under the USMCA to discuss the agreement’s labor chapter provisions, Mexico’s labor law reforms […]