The areas ranged from the ACT250 process to banking, and infrastructure costs. Please contact us for more information or a copy. It is clear that economic development is stunted without housing for the people that support it in our working environment. The national economy is certainly going through a period of uncertainty. The Fed recently lowered rates again although only a quarter percent after four half point drops since the first of the year.
Conventional wisdom says it takes six months before a change in rate kicks in.
We are now at that point and the uncertainty continues. Two of the states leading economists, Richard Heaps of Northern Economic Consulting and Jeff Carr of Economic Policy Research agree that the national slowdown has caught up with Vermont. Lay offs are being reported form one end of the state to the other. Central Vermont is not immune as Mad River Canoe recently announced that they would be closing the Waitsfield facility by year-end with all production being done in North Carolina. Housing is still a critical issue in Central Vermont, at all levels.