The governor and members of his administration were in St. Albans on Tuesday to highlight the latest investments in revitalizing downtown areas, which are important cultural and economic centers.
According to the Joint Economic Committee’s State Inflation Tracker, Vermonters are experiencing a 10.9% inflation rate and a $597 a month increase in household costs since Biden took office in January of 2021.
Inflation comes in as a top concern for many Americans. Prices have soared at the highest level in decades in the past year. Inflation, the economy and government have been named as the top problems facing the country since March of this year.
Lamont is joined in writing the letter by Maine Gov. Janet Mills, Massachusetts Gov. Charlie Baker, New Hampshire Gov. Chris Sununu, Rhode Island Gov. Dan McKee, and Vermont Gov. Phil Scott.
The fiscal destruction wrought on our state and its economy by progressive experimentation will not be repaired overnight, but the profligate and regressive policies of the past two decades will most assuredly come home to roost in the current national economic decline.
Many people, including myself, are starting to get their offers to pre-buy home heating fuel for the upcoming winter. My offer was almost 35% higher than what I paid just 6 months ago. Others are telling me they are paying 50% to 70% more.
Act 183 will send $19 million of the state’s American Rescue Plan Act funding to eligible businesses, including sole-propietors and not-for-profits, financial aid as they continue to recoup economic harm related to the pandemic. Applicants can receive up to $350,000.
At his weekly press conference, Gov. Phil Scott highlighted new economic opportunities for Vermont — and hurdles — that came from a recent visit with Quebec business leaders.
Real wages shrunk for the seventeenth month in a row as the Biden administration continues to ramp up spending amid historic inflation. Since President Joe Biden took office, real wages have fallen 5.5%, or around $3,000 per year for the typical American.
Republican Gov. Phil Scott, along with Agency of Commerce and Community Development Secretary Lindsay Kurrle and Economic Development Commissioner Joan Goldstein, recently visited Montreal in an effort to bolster the state’s economy with its neighbor to the north.
“Supporting businesses in every region of the state to recover and rebuild remains a top priority of my administration, and that’s why we worked to secure this funding from the Legislature,” said Governor Phil Scott. “This will help those businesses disproportionately impacted by the pandemic remain in operation.”
WalletHub ranked the Green Mountain State near the top of its report “States Where Unemployment Claims are Decreasing the Most.” The state currently has 11 in every 100,000 workers in the labor force filing new unemployment claims.