New Business Starts in Vermont Slowed in 2008

first_imgJanuary 22, 2009. Secretary of State Deb Markowitz announced today that the number of new businesses registered with the Secretary of State’s Corporations Division during the year 2008 have decreased considerably.  As of January 1, 2009, there were registered in Vermont 15,495 Vermont corporations, 8,704 foreign corporations (out-of-state companies doing business in Vermont), 38,290 trade names (sole proprietorships), and 17,345 limited liability companies.  Of these, 8,631 were newly formed in 2008.  This is significantly less than the 9,452 new businesses that registered in 2007.Secretary of State Deb Markowitz said, “In 2007 Vermont had 500 fewer new businesses starting up.  The slow down in new business starts was even worse in 2008, and reflects a change from the steady increases we saw over the past decade. The fact that fewer Vermonters are starting new businesses is not surprising given the impact of the economic downturn on the state and the contraction of the lending market.”  According to Markowitz, corporate dissolutions are also up.  The 941 dissolutions in 2008 represent a small increase from the 867 dissolutions in 2007. Markowitz said, “Although considerably fewer new businesses registered in 2008 than in previous years, it is interesting to observe that it still is considerably more than what we saw a decade ago.”  In 1998 there were 6,730 new business registrations, which is nearly 2,000 less than in 2008.  “In past years we have found that our business-starts statistic is a good barometer of confidence within the business community,” said Secretary Markowitz. “The fact that we continue to have fewer new businesses registering in the state is a sign that we must do more to encourage Vermonters to be entrepreneurial.” Markowitz said. The 8,631 new Vermont business starts in 2008 include businesses that have been formed as corporations, as limited liability corporations, and those using a trade name. In contrast to the decrease in numbers of new business starts, this year saw an increase in the number of new non-profit corporations filing with the Secretary of State’s office.  The 456 new non-profit corporations represent a small increase from the 413 new non-profits formed in 2007. The Office of the Vermont Secretary of State licenses and registers foreign and domestic corporations, non-profits, LLCs, and trade names and is the repository for Uniform Commercial Code filings. Information about the services offered by the Corporations Division,including registration forms and searchable databases, is available at is external)Vermont Secretary of State’s Office – New Business Registrations* Does not include nonprofits.Year198119981999200020012002200320042005200620072008New Corporations*133621002253215419852180231022312022192818511551New Trade Names169439484024398938664328459142964212431740743679New LLC0682917122315041863226228013124326335273401Total303037307194736673558371916393289358950894528631last_img read more


New bill to be introduced would make heavy trucks pilot program permanent

first_imgDuring a visit to Champlain Oil Company in South Burlington Monday, U.S. Sen. Patrick Leahy announced that he and U.S. Sen. Susan Collins (R-Maine) this week will introduce a bill making permanent a now-expired federal pilot program allowing heavy trucks to use the Interstate system in Maine and Vermont. Leahy was joined by Vermont legislative leaders, trucking advocates, state officials and business leaders in pointing to the economic, environmental and safety benefits of moving heavy truck traffic from Vermont’s state highway system to Vermont’s Interstate system.‘The higher truck weight standards in surrounding states create problems in Vermont when those trucks have to detour through our small towns on local roads,’ said Leahy. ‘The hodge podge of disjointed rules that has evolved in our region does not work for anyone, especially the communities that have had to absorb the added traffic. By now, neighbors like New York, New Hampshire, Massachusetts and Quebec all have permanent exemptions from federal Interstate weight limits. That means heavier trucks must travel over our smaller roadways, creating traffic and safety concerns and taking a toll on our already overburdened roads and bridges. The Vermont pilot program has proved itself, and it’s time to make it permanent.’Leahy and Collins authored legislation in the 2010 federal transportation budget bill that created a one-year pilot program in Vermont and Maine to study the effects of moving overweight truck traffic off state highways and onto federally funded Interstates. Their pilot program expired in mid-December and was blocked from being renewed in late December when Republican senators derailed a bill that included a measure by Leahy and Collins to extend the program. Current federal law restricts trucks weighing more than 80,000 pounds from regularly using the nation’s Interstate highway system. But portions of the Interstate network in neighboring states allow higher-weight trucks to operate on those Interstates due to special circumstances, from tolling to grandfather clauses. These exceptions, combined with a state law that allows trucks over 80,000 pounds to operate on Vermont’s secondary roadways, have resulted in heavier truck traffic rolling through Vermont on some of the state’s smaller roadways, creating safety concerns and putting pressure on the state’s aging transportation infrastructure.Last year Leahy helped convince President Obama of the merits of the Vermont and Maine pilot programs, and the White House released a statement that supported making the Leahy-Collins programs in Vermont and Maine permanent. The two leading transportation legislators from the Vermont State Legislature, Vermont State Senator Richard Mazza (D-Grand Isle), chairman of the Vermont Senate Transportation Committee, and Representative Pat Brennan (R-Colchester), chairman of the Vermont House Transportation Committee, explained that the Vermont Legislature supports trying to move heavy truck traffic off state highways and onto the Interstate system ‘ and has been considering state efforts to accomplish the goal.Representatives from the Vermont Truck and Bus Association, the Vermont Fuel Dealers Association, the Vermont Petroleum Association, the Vermont League of Cities and Towns, and the Vermont Agency of Transportation ‘ including Vermont Transportation Secretary Brian Searles — made remarks supporting the bill by Leahy and Collins during the announcement on Monday.SOUTH BURLINGTON, Vt. (MONDAY, Jan. 24) ‘# # # # # During a news conference Monday morning, Champlain Oil Company Vice President Bryan Cairns explained that during the Vermont pilot program, Champlain Oil Company saved 43,400 gallons of diesel fuel and traveled 320,000 fewer miles because the pilot program allowed them to deliver more efficiently.last_img read more