Making Vermont the best place in America to do business, be educated and live life.

Category: In the News

The awardees of the 2012 “Best Places to Work in Vermont” were announced recently and, among them, were numerous Roundtable members, including: Comcast, Entergy Nuclear Vermont Yankee, Gallagher, Flynn & Company, LLP, Green Mountain Coffee Roasters, Hickok & Boardman Financial Planning & Group Benefits, Inc., King Arthur Flour Co., Merchants Bank, Sonnax Industies, Inc. and Vermont Energy Investment Corp. Good companies, all, that employ workplace policies and practices that are conducive to happy and productive employees.We wish to congratulate each of them for the ecognition!

And if we think hard and look closely, no doubt we’ll find other examples in our own towns, of companies in which people brag about being employed by and and others love being affiliated with. They carry the less formal, yet no less important, accolades from their neighbors. Make sure to pat one of them on the back with praise for the ways in which they, too, contribute to Vermont’s vibrant economy and greater sense of community.

(South Burlington, Vt.)  The chief executives of Vermont’s leading businesses appear poised to maintain their growth plans through the first half of 2012, improving on results from the previous survey.  The survey was completed between December 9 and December 23 and released today by Vermont Business Roundtable Chair Steve Voigt, CEO, King Arthur Flour and President Lisa Ventriss. (more…)

November 11, 2011 – Veterans Day

by Rob Simpson, CEO, Brattleboro Retreat and Secretary, Vermont Business Roundtable

 I was driving through Waitsfield yesterday after leaving the Vermont Business Roundtable Board meeting when I noticed on my right on Route 100 a roadside memorial made up of small white flags arranged like a cemetery with gravestones honoring the 6,229 Americans who have lost their lives in Iraq and Afghanistan. The contrast to my meeting with business leaders throughout the state and the juxtaposition of the images on my right and the thoughts in my head were jarring. Minutes before we had been discussing the Roundtable’s strategic initiatives in early childhood education, healthcare reform and supporting the Vermont brand in tourism. (more…)

VBR, Gov. Shumlin and Elmo Celebrate PreK Accomplishments
(l to r) Mary Barrosse Schwartz, Lisa Ventriss, Elmo, Governor Peter Shumlin, Steven Voigt

The Pew Center on the States’ Pre-K Now campaign last week brought together education leaders, advocates, business leaders, and national and state policy makers to celebrate significant accomplishments in the pre-k movement and highlight Pre-K Now’s capstone report, “Transforming Public Education: Pathway to a Pre-K-12 Future.”

Vermont’s accomplishment in pre-k public policy was highlighted as Governor Shumlin delivered the keynote speech. “Perhaps because I was a kid who learned differently, I understand how vital it is that we get all kids off to a good start. Thanks to the hard work of Pew and all of you with the Pre-K Now Campaign, many more are starting to appreciate how valuable early learning can be. I am convinced that when our kids arrive at kindergarten ready to learn, they will have more successful educational and professional futures as a result.”

As recognition for the role it played in Vermont advocacy for better pre-k public policy, leaders from the Vermont Business Roundtable attended, with VBR Board Chair Steve Voigt, President and CEO of King Arthur Flour, invited to introduce the Vermont Governor. Voigt stated “The Vermont Business Roundtable has long understood that the best way to provide children with a successful start in life and build the productive workforce of the future was to champion a policy shift towards improving both the access to and quality of early education. It has been our highest policy priority for the last five years.”

Pre-K Now was designed as a 10-year catalytic effort, grounded in research, to spark the early learning movement by bringing together different voices and supporting strategic advocacy efforts to advance high-quality voluntary pre-k for three- and four-year olds. This December, Pre-K Now will mark its 10th anniversary, wrapping up a decade of state and federal policy wins.

Also attending the meeting was Lisa Ventriss, President of Vermont Business Roundtable. Ventriss helped lead a coalition of children’s advocates, public educators, business leaders and providers to improve access and funding to pre-k programs. After the meeting, she noted “The Pre-K Now Campaign was helpful to our work in that it provided the research necessary to make an economic case for early education investments.”

Vermont is one of eleven states nationwide to provide funding to allow towns to offer pre-k for all as a voluntary program for families. In 2011, 78% of towns chose to offer pre-k as part of educational offerings in public schools and/or private pre-k providers. Ventriss commented “We’re hoping that eventually every child will have this opportunity, if their parents wish it for them. We’re working with communities that do not yet offer these important programs to encourage them to view the well-researched benefits.”

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Forecast is Steady through First Quarter of 2012

3rd Qtr Graphs: Sales, Capital Expenses, Employment

(South Burlington, Vt.)  The chief executives of Vermont’s leading businesses appear poised to maintain their growth plans through early 2012, echoing results from the previous survey.  The survey was completed between September 8 and September 22 and released today by Vermont Business Roundtable Chair Steve Voigt, CEO, King Arthur Flour and President Lisa Ventriss. (more…)

Screen shot of Lisa Ventriss/Anson Tebbetts WCAX Interview Video
Image Property of WorldNow and WCAX www.wcax.com

Lisa Ventriss, Roundtable President, recently visited with Anson Tebbetts, WCAX News Director, as invited guest on You Can Quote Me to discuss VBR’s 2nd Quarter CEO Economic Outlook Survey and other Roundtable priorities. If you missed  the interview in real time, be sure to visit WCAX’s You can Quote Me site to view their recording.

Click Here to Watch Video |  Interview Date: August 7, 2011

Vermont Business Roundtable is a proud partner of VMEC’s 3rd Innovation Engineering Leadership Institute:

Randolph Center, Vermont – The Vermont Manufacturing Extension Center (VMEC) has announced that it will be hosting its third “Innovation Engineering Leadership Institute” on August 23 – 25, 2011 at The Essex in Essex Junction, Vermont. The first IELI training event was held in Burlington in May 2010, followed by the second in February of this year in Woodstock. Innovation Engineering teaches business leaders a proven, systematic approach to leading profitable growth through innovation. It is an intensive 3-day graduate level program designed for senior managers in business, government, non-profit organizations, and academia. Two separate Georgia Tech studies (2008 & 2010) found that innovation is THE MOST profitable primary business strategy compared to low cost, fast delivery, voice of the customer, or quality strategies. In fact, the 3-year average profit margin of companies with a primary strategy of innovation is over 50% higher than for companies competing with a primary strategy of low prices. This training is equally vital to service industries, inventors, entrepreneurs, researchers, non-profits and economic development professionals. (more…)

Business Roundtable Releases Latest CEO Economic Outlook Survey: Forecast is Slow and Steady for Remainder of 2011

(South Burlington, Vt.)  The chief executives of Vermont’s leading businesses appear poised to hold steady their growth plans through the remainder of 2011, when compared against the first quarter survey period.  The survey was completed between June 10 and June 24 and released today by Vermont Business Roundtable Chair Steve Voigt, CEO, King Arthur Flour and President Lisa Ventriss.

According to Roundtable President, Lisa Ventriss, “Overall, these data show an economy that continues to be in a holding pattern as our members wait for clarity and direction on key policy issues at both the state and federal levels. While roughly 60 percent of our members foresee increased sales projections for their companies, that number has declined slightly (61 percent compared to 73 percent in the previous quarter).  An increasing number of CEOs expect there to be no change in either their capital expenditures or employment levels for the rest of 2011. Only one in ten CEOs are anticipating decreases in these key areas.” (more…)

Chairman of the Roundtable’s Infrastructure Working Group, and President and CEO of PKC Corp., Howard Pierce released a statement of support of the Vermont Gas proposal to extend service to Vergennes and Middlebury communities today.

In a prepared written statement, addressed to the Vermont Public Service Board, Pierce wrote: “The Roundtable supports this proposal for two principle reasons: it improves and expands the mix of energy sources available to both residential and business customers in an important area of the state, and it utilizes a creative and ‘Vermont-like’ approach to solving the challenge of how to finance the building or renovating of infrastructure in our thinly populated state.”

The familiar problemof finding a business model that permits our best public and private entities to bring key services to areas that lack a critical mass of consumers, will always be part of Vermont’s heritage. As federal funds become harder to find and the need for environmental and human efficiency becomes more compelling, every opportunity to spread key infastructure costs across a population of beneficiaries should be tested. Vermont Gas has repeatedly demonstrated its ability to deliver a dependable product at an improving price point. Harnessing one of these improvements in pricing across their existing customer base, in order to better guarantee expanded user base and product volume, seems in everyone’s interest – new customers, existing customers, and the State of Vermont.

The Roundtable’s Infrastructure Working Group supports this proposal We also encourage other key utilities, in particular broadband data and communications, to investigate similar strategies that use small across-the-board discount diversions and usage taxes – in a careful and targeted manner – to overcome the challenges presented by Vermont’s highly valued beauty and deomgraphics.”

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Business Roundtable Releases Latest CEO Economic Outlook Survey

Forecast is Steady for Next Six Months

(South Burlington, Vt.)  The chief executives of Vermont’s leading businesses appear poised to hold steady for the spring and summer months of 2011, when compared against the previous survey period.  The survey was completed between April 1 and April 15 and released today by Vermont Business Roundtable Chair Steve Voigt, CEO, King Arthur Flour and President Lisa Ventriss.

According to Roundtable President, Lisa Ventriss, “Overall, these data show an economy that is taking its breath and assuming a “wait and see” posture.  The most positive growth indicator continues to be our members’ sales forecasts which showed a slight uptick over the previous period (73 percent compared to 71 percent).  And while a plurality of our members are forecasting growth outlooks for capital expenditures and employment levels, (47 percent and 44 percent, respectively), another segment of members is projecting no change in those indicators from the previous quarter (38 percent and 41 percent, respectively),Ventriss said.

Chair Steve Voigt said “We believe that these data also reflect a hesitation among our CEOs that is related to the current debate around health care reform in Vermont and the nation. We polled our members on this topic and found it to be a major source of concern; there are still many cost-related reform questions yet to be answered, and this makes future investment decisions regarding people or plant difficult to make at best. We must remember that while growth indicators have been trending upward nicely since early 2009, these changes are still fragile.”

The Roundtable’s CEO Economic Outlook Survey provides a forward-looking view of the economic assumptions and attitudes of chief executive officers for 120 of the state’s top employers with an aggregate economic impact of $135 billion and employing 15 percent of the state’s workforce.  The members represent Vermont’s agriculture, construction, education, health services, finance, real estate, insurance, hospitality/leisure, manufacturing, information, utilities, professional/business services, wholesale trade, and non-profit industries.  The response rate for this quarter was 58 percent.  Historically, rates have varied from 35 to 73 percent.

1. How do you expect your company’s sales to change in the next six months?

Sales INCREASE NO CHANGE DECREASE
Q1 2004 83% 13% 4%
Q2 2004 80% 15% 4%
Q3 2004 71% 25% 4%
Q4 2004 77% 22% 1%
Q1 2005 78% 19% 3%
Q2 2005 75% 23% 2%
Q3 2005 74% 24% 2%
Q4 2005 72% 24% 4%
Q1 2006 78% 20% 2%
Q2 2006 78% 22% 0%
Q3 2006 69% 25% 6%
Q4 2006 73% 23% 4%
Q3 2008 51% 35% 14%
Q4 2008 27% 46% 27%
Q1 2009 33% 30% 37%
Q2 2009 41% 31% 28%
Q3 2009 34% 49% 17%
Q1 2010 63% 19% 18%
Q2 2010 69% 24% 7%
Q3 2010 59% 35% 6%
Q4 2010 71% 23% 6%
Q1 2011 73% 19% 8%
% change from Q4/10 to Q1/11 2% -4% 2%

Totals may not equal 100 due to rounding.

2. How do you expect your company’s capital spending to change in the next six months?

Capital INCREASE NO CHANGE DECREASE
Q1 2004 62% 30% 8%
Q2 2004 43% 41% 15%
Q3 2004 51% 42% 7%
Q4 2004 45% 46% 9%
Q1 2005 55% 37% 8%
Q2 2005 49% 43% 8%
Q3 2005 57% 38% 5%
Q4 2005 50% 35% 15%
Q1 2006 45% 45% 10%
Q2 2006 53% 40% 7%
Q3 2006 40% 50% 10%
Q4 2006 56% 39% 5%
Q3 2008 38% 42% 20%
Q4 2008 17 % 43% 40%
Q1 2009 12% 38% 50%
Q2 2009 17% 51% 32%
Q3 2009 31% 46% 23%
Q1 2010 50% 42% 8%
Q2 2010 51% 38% 11%
Q3 2010 37% 48% 15%
Q4 2010 49% 34% 17%
Q1 2011 47% 38% 15%
% Change from Q4/10 to Q1/11 -2% 4% -2%

Totals may not equal 100 due to rounding.

3. How do you expect your company’s employment to change in the next six months?

Employment INCREASE NO CHANGE DECREASE
Q1 2004 57% 38% 4%
Q2 2004 50% 48% 2%
Q3 2004 59% 37% 4%
Q4 2004 58% 39% 3%
Q1 2005 55% 38% 7%
Q2 2005 49% 42% 9%
Q3 2005 49% 44% 7%
Q4 2005 60% 35% 5%
Q1 2006 54% 39% 7%
Q2 2006 50% 45% 5%
Q3 2006 43% 49% 7%
Q4 2006 53% 41% 5%
Q3 2008 40% 42% 18%
Q4 2008 25% 35% 40%
Q1 2009 23% 37% 40%
Q2 2009 21% 50% 29%
Q3 2009 34% 46% 20%
Q1 2010 40% 52% 8%
Q2 2010 46% 45% 9%
Q3 2010 35% 52% 13%
Q4 2010 51% 38% 11%
Q1 2011 44% 41% 15%
% Change from Q4/10 to Q1/11 -7% 3% 4%

Totals may not equal 100 due to rounding.

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