2022 General Election Results

2022 General Election Results

With most statewide races pre-determined by the results of a competitive Primary and little contest in the General, all eyes were on down ballot races on Election Day. With high voter turnout, election results confirmed that the Democrats will have a veto-proof majority in both the House and the Senate for the upcoming biennium.

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A legislative override of a Governor’s veto requires 100 votes in the House and 20 in the Senate. With 109 elected Democrats and Progressives in the House and 23 in the Senate, the majority party will be able to challenge a veto by Governor Phil Scott, even if there is some dissension in party lines on legislation.

What this means for the upcoming legislative session:

Policies championed by legislators on the campaign trail will be in discussion this session, such as universal childcare, affordable housing, climate change solutions, universal school meals, and paid family leave. Additionally, policies that have stalled in recent years due to reprioritization during the pandemic or the execution of a veto, may see new life.

Record-high spending in recent years has been possible by the influx of pandemic-era federal funding. As we look ahead, deliberations on which programs can be sustained must be balanced with the ability of Vermonters to absorb new taxes.

As anticipated, the work of the Vermont Chamber of Commerce this upcoming session will be critical. Our advocacy team will continue to bring attention to the economic and demographic challenges facing businesses by working with the legislature and administration to shape legislation that supports economic growth for businesses, communities, and families.

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Vermont Delegation Attends Aerospace Components Manufacturing Tradeshow

Vermont Delegation Attends Aerospace Components Manufacturing Tradeshow

In partnership with the Vermont Agency of Commerce, the Vermont Chamber led a delegation of Vermont manufacturers at the recent Aerospace Components Manufacturers (ACM) event in Hartford, CT. This participation was in support of the expansion of the Vermont – Québec Aerospace Trade Corridor into Connecticut. The corridor connects Vermont’s combined $2 billion aerospace and aviation industry with an $18 billion Québec aerospace cluster.

Vermont’s delegates included Concepts NREC, Manufacturing Solutions Inc., and Stephens Precision, who met with Connecticut aerospace and defense suppliers to discuss workforce and new business development opportunities. The delegates also met with many of the 1,200 students who were engaged with the Job Fair component of the event.

As a Trade Corridor partner, ACM suppliers were able to participate in the recent virtual 2022 Manufacturing Summit, where they secured NDAs and approved supplier status with OEMs and primes, including Bell Flight, Lockheed Martin, and SAFRAN.

 

Declaration of Inclusion Initiative Reaches Milestone

Declaration of Inclusion Initiative Reaches Milestone

The Declaration of Inclusion initiative is an ongoing effort to raise consciousness about the importance of diversity, equity, and justice and the positive effect that diversity can have on our economy. The Vermont Chamber of Commerce is a proud partner of the initiative, aiding in the grassroots efforts to engage community leaders to reinforce the message that Vermont is a safe and welcoming place for all.

As of November 17, 2022, 80 towns and cities have adopted a Declaration of Inclusion. The Vermont Declaration of Inclusion initiative has now met the milestone of over 50% of Vermont residents residing in a municipality that has pledged itself to welcome and treat all members of marginalized communities who visit, reside, or do business there, fairly and equitably.

With a top threat to the Vermont economy being the severe workforce shortage, this initiative is vital to creating an economically secure future for the state. By amplifying that Vermont welcomes all people, the state can attract workers with diverse skills and traditions to live, work, and raise families here.

In 2021, Governor Phil Scott issued a Proclamation of Inclusion, establishing the second week of May as Inclusion Week. Looking ahead, the goal is to have 100 towns and municipalities adopt a Declaration of Inclusion before Inclusion Week in 2023.

Additional information, resources, and a complete list of municipalities that have adopted the Declaration are available at vtdeclarationofinclusion.org/

Vermont Chamber Announces New Board Members

Vermont Chamber Announces New Board Members

The Vermont Chamber of Commerce welcomed three new Directors to the Board: Chris Karr of The Karr Restaurant Group, Killington, Steve Gagner of 14th Star Brewing, St. Albans, and Steve Boyer of Sonnax, Bellows Falls.

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 Chair of the Vermont Chamber Board Peter McDougall, President of Paul, Frank + Collins P.C., said, “As a state-wide Chamber of Commerce, it is important that the Vermont Chamber’s leadership is made up of individuals who reflect our membership-at-large and the diversity of businesses and business leaders throughout Vermont. It is wonderful to add three outstanding Vermont business leaders from different parts of the state to the Vermont Chamber Board of Directors.”

The Vermont Chamber’s current Board of Directors consists of 40% women, 55% men, 5% gender nonbinary or gender nonconforming individuals, 15% BIPOC individuals, 20% immigrant, refugee, asylee, and/or foreign-born citizens, and 10% LGBTQIA+ individuals. Board members work in varied industries across 7 of Vermont’s 14 counties.

Chair of the Vermont Chamber’s Diversity, Equity, and Inclusion (DEI) Task Force Willie Docto, Co-Owner of Moose Meadow Lodge, said, “The DEI Task Force has worked to ensure that the recruitment of new Board Members is an inclusive process. We continue to increase diversity in the Board to represent a wide cross-section of business leaders from throughout Vermont.”

Vermont Chamber of Commerce President Betsy Bishop said, “At the Vermont Chamber of Commerce, our work to strengthen the Vermont economy depends on a diverse set of voices.  We are grateful that our Board of Directors is invested in ongoing diversity, equity, and inclusion efforts as we are motivated to ensure all Vermont businesses are represented by our organization’s leadership.”

Tax Revenues Strong, But Can We Afford More Spending?

Tax Revenues Strong, But Can We Afford More Spending?

State revenues in the largest tax sources have recovered since FY19, creating a cushion for budget makers. The “Big Three” – personal income tax, property tax and sales taxes are up from three years ago 45%, 11% and 32% respectively. Each month, the Scott Administration messages caution that due to economic uncertainty, we shouldn’t be eager to spend at these new levels and yet, you can read about the call for more spending daily in the news cycle. Housing, childcare, health care, education, and more.

Why It Matters: With economic uncertainty on the horizon due to inflation, decreased consumer spending, and stock market chaos, higher levels of government spending will set a course for higher taxes on individuals and businesses at a time that everything else is on the rise.

Three Concerns, One Big Question:

  1. Mortgages/rent and food are concerns for individuals while businesses continue to see constrained growth due to a tight labor market, increased wages, inflation, and a disrupted supply chain.
  2. Over the last two years, the state implemented new programs and higher levels of spending for existing programs supported by one-time federal COVID relief. There will be a huge push to continue this level of spending.
  3. If Governor Scott loses the ability to sustain a veto, the Democratic majority will need to manage their caucus’ desire to recalibrate state expenditures based on the ability to pay. Shifting childcare, education, and healthcare costs onto the income/payroll tax are all current discussions with price tags in the hundreds of millions.

Question: Can people and businesses really shoulder more taxes right now?

Vermont Chamber Hosts 9th Annual Manufacturing Summit

Vermont Chamber Hosts 9th Annual Manufacturing Summit

Since 2013, the Vermont Chamber of Commerce has convened manufacturing industry leaders at the annual Manufacturing Supply Chain Summit. In recent years, the pandemic prompted the event to go virtual, increasing accessibility for global buyers, suppliers, and partners to engage with Vermont and New England manufacturers and leaders. Due to the success of the virtual model, the event was once again held virtually this year, bringing together representatives from throughout the United States, Canada, and Europe. The 2022 event was themed “Rebuilding Supply Chains and Workforce through Content, Collaboration, and Contacts.”

85 suppliers and 25 OEMs, Primes, and Government Agencies held 300 meetings between buyers, suppliers, and partners, representing hundreds of new connections between participants. Many of the attendees were leaders in the aerospace, aviation, defense, and naval/marine industries.

The event also offered a rich two-day agenda of seminars and roundtable discussions focused on new and emerging trends in advanced manufacturing for the aerospace, aviation, defense, space, industrial, and naval/marine industries. Sessions were moderated by Vermont Chamber Vice President of Business Development, Christopher Carrigan.

“The Vermont Chamber is proud to continue our legacy of championing manufacturing by hosting an event that is a catalyst for collaboration and innovation. A testament to this is the 26 Canadian, 8 Connecticut, and 8 Ontario suppliers in attendance supporting the Vermont Chamber’s work to build the Vermont – Québec Aerospace Trade Corridor that now extends from Connecticut to Ontario,” stated Carrigan. “We’re already looking forward to celebrating a decade of Manufacturing Summits at next year’s event.“

Senator Patrick Leahy and Governor Phil Scott both delivered virtual remarks at the event, celebrating Vermont’s leadership in the manufacturing and aerospace industries, and addressing some of the top challenges facing businesses.

In response to severe workforce shortages, the event also featured the “Find Your Future Workforce” initiative, a workforce development effort facilitating employer interviews on the virtual platform with University of Vermont and Vermont Technical College students, as well as Vermont National Guard members, interested in careers in manufacturing for the semiconductor and aerospace industries.

The 2022 Manufacturing Summit was made possible by our sponsors:

To join us as a sponsor for the 2023 Manufacturing Summit, please contact Chris Carrigan: (802) 223-0904, ccarrigan@vtchamber.com.

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Vermont Delegation Champions International Collaboration, Manufacturing, at Aerospace Innovation Forum

Vermont Delegation Champions International Collaboration, Manufacturing, at Aerospace Innovation Forum

In partnership with the Vermont Agency of Commerce and U.S. Commercial Service, the Vermont Chamber hosted a delegation of Vermont aerospace companies at Aéro Montréal’s 2022 Aerospace Innovation Forum. This work was in support of the Vermont Chamber’s ongoing commitment to building the Vermont – Québec’s Aerospace Trade Corridor to connect Vermont’s combined $2 billion aerospace and aviation industry with an $18 billion Québec aerospace cluster.

Vermont had the most significant state presence, with the largest delegation to date, featuring Governor Phil Scott and several Vermont businesses; BETA Technologies, Dynapower, G.S. Precision, Kaman Composites, Liquid Measurement Systems, North Country Engineering, Stephens Precision, Ten Fold Engineering.

Funding provided in part by the Vermont State Trade Expansion Program grant allowed these companies to participate in the conference and meet with large Canadian buyers, such as Bombardier, CAE, and Héroux-Devtek, as well as suppliers for new international business opportunities. This work is crucial to reconnect and rebuild supply chains following the pandemic.

In reciprocation, Aéro Montréal and a Québec delegation of suppliers will participate in the Vermont Chamber’s upcoming virtual 2022 Manufacturing Supply Chain Summit. Chris Carrigan, Vice President of Business Development, discussed the success of the visit and the upcoming Summit in an interview with former Governor Jim Douglas. Listen here to learn more:

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“The Wellspring Forum” Featuring Becca Balint and Mike Pieciak

Vermont Chamber Hosts “The Wellspring Forum” Featuring Becca Balint and Mike Pieciak
Kenneth McAvey, VP and GM, Fab 9, GlobalFoundries poses a question to Becca Balint.

On September 7th, the Vermont Chamber of Commerce hosted a new event, entitled The Wellspring Forum, to capitalize on the historic election cycle and further our commitment to growing the business community and the Vermont economy.

The event title was inspired by Governor James H. Douglas’ quote; “I am often reminded that the wellspring of Vermont liberty flows from Main Street, not State Street.”

US House Candidate Becca Balint and State Treasurer Candidate Mike Pieciak spoke directly to the Vermont Chamber Board of Directors and other leaders of the Vermont business community in a series of bilateral conversations moderated by Vermont Chamber President, Betsy Bishop.

“The Vermont Chamber is proud to facilitate a forum that allows Vermont business leaders the opportunity to hear directly from future decision makers on the issues impacting them the most,” stated Bishop. “While the economy is the top issue for Vermonters, we rarely see Vermont candidates speak directly on business and economic issues while on the campaign trail, and we’re grateful that both Becca Balint and Mike Pieciak took the time to engage with the business community in this way.”

Becca Balint and Vermont Chamber President Betsy Bishop.
Mike Pieciak connects with Kevin Chu, Executive Director of the Vermont Futures Project.
Mike Pieciak and Vermont Chamber President Betsy Bishop.

The candidates spoke about several economic issues of top concerns for the business community, including workforce recruitment, housing, immigration, inflation, and diversity initiatives.

“When it comes to the Vermont economy, it’s clear that the lack of housing and childcare are holding back our state’s full fiscal potential. Increasing access to housing in downtown and village centers goes hand in hand with measures to strengthen our climate resiliency and physical infrastructure,” stated Mike Pieciak. “We also need to ensure revenue is flowing into Vermont, and acknowledge that other New England states market their strategic advantages. When it comes to workforce recruitment, our strategic advantage is quality of life. We need to make sure all people feel welcome here and are encouraged to call Vermont home.”

“I look forward to the opportunity at the federal level to work with colleagues to address the intersection of so many issues such as workforce development, housing, climate, and childcare,” shared Becca Balint. “This is a moment where people are reimagining work, and I believe we have an opportunity, and an obligation, to bring more manufacturing back to Vermont. When you have people building things in your community, it’s an economic benefit and it also fosters pride of place.”

Fifty business leaders from several industries and sectors, including tourism, manufacturing, health care, retail, and technology, were in attendance. The event was hosted at the office of OnLogic in South Burlington. 

Mike Pieciak meets with members of the OnLogic team.
Becca Balint tours OnLogic with Executive Chair Roland Groeneveld.

This Wellspring Forum was made possible by the support of the following sponsors: 

 

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Declaration of Inclusion Initiative Update

Declaration of Inclusion Initiative Update

To date 58 municipalities, home to 40% of Vermonters, have adopted a Declaration of Inclusion. The Vermont Chamber is dedicated to the ongoing effort to reach the goal of a Declaration of Inclusion being adopted and implemented by each of Vermont’s 246 towns and cities. The Vermont Chamber is amplifying this message because building equitable and inclusive communities and telling our story beyond our borders is the best way to attract diversity and encourage new people to live and work in Vermont. The vision is that Vermont will become known, and in fact be, the most welcoming and safe state in the country for all people.

In addition to the adoption by municipalities, progress has been made on the statewide level in the form of Gubernatorial proclamations. One adopting the Declaration of Inclusion, and one proclaiming the second week in May as Inclusion Week, annually.

Addressing Vermont’s demographic crisis and the resulting labor shortage is a top priority of the Vermont Chamber. To attract more people to work in our state, we must position Vermont as an attractive place to live. Ultimately, recognition for statewide adoption of the Declaration of Inclusion will help to achieve this.

True to its Vermont roots, this initiative was born from grassroots organization and furthered by trusted partnerships. In addition to the Vermont Chamber, the Vermont League of Cities and Towns, the Social Equity Caucus, the National Association of Colored People, and Vermont Interfaith Action, have all contributed to the success thus far. Progress is made via direct contact with municipal management, selectboards, equity committees, respected and influential community leaders, and local champions.

Looking ahead, the goal is for 100 municipalities to adopt a Declaration of Inclusion before Inclusion Week in May of 2023. For more information and to learn how you can champion the initiative in your city or town, please contact the organizers:

Bob Harnish: rharnish24@gmail.com

Al Wakefield: al@wakefield-global.com

Norman Cohen: norcoh26@gmail.com

Ep. 6: “State to Main” – 2022 Legislative Session

Ep. 6: "State to Main" - 2022 Legislative Session

“State to Main” is a policy-focused podcast series complementing the widely read weekly legislative newsletter of the same name.

In this episode we welcome Betsy Bishop, President of the Vermont Chamber of Commerce, and Megan Sullivan, VP of Government Affairs, to recap the 2022 legislative session and discuss some of the key takeaways for the Vermont business community.

Episodes are available to stream online via Spotify, Apple Podcasts, Soundcloud and on the Vermont Chamber of Commerce website.

“State to Main” is made possible by our sponsor, AT&T.