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Vermont Legislative Update Week 15 | Downs Rachlin Martin PLLC

[co-author: Jessica Griswold] Senate passes budget On Friday, the Senate gave final approval to the $7.17 billion FY 2022 budget, H.439. Senate Appropriations Chair Jane Kitchel, D-Caledonia, called it “as complicated a budget as I’ve ever had to put together in my time in the Senate” due to the flood of federal aid to Vermont for coronavirus relief and an unexpected $211 million revenue surplus. The bill spends $478.5 million in federal American Rescue Plan Act funds, while incorporating only a portion of Gov. Scott’s ARPA spending proposal. Kitchel said the governor’s plan did not focus enough on the legislature’s funding priorities, including service delivery structure, court re-opening and higher education needs. Scott had asked the legislature to place all of the ARPA expenditures in a separate bill. Kitchel rejected that request, instead placing all ARPA spending in one designated section of the budget bill.

Oak View National Bank quarterly profit up 310%

Oak View National Bank quarterly profit up 310% File Photo/Lawrence Emerson The independent bank reported a first quarter profit of $764,898, up 310 percent from the same period of 2020. Due to the COVID-19 pandemic, the business environment over the past year was challenging, however, we have now seen marked improvement . . . . Vice Chairman and CEO Michael Ewing Warrenton-based Oak View National Bank on Monday reported a first-quarter profit of $764,898, compared to $186,545 for the same period in 2020. That represents a 310-percent increase. Earnings per share rose to 26 cents versus 6 cents. “As previously reported, the bank is participating in the SBA Payroll Protection Program and now has $24.6 million in outstanding loans under the government program,” Vice Chairman and CEO Michael Ewing said. “The bank had no past due loans as of March 31, 2021, and only one non-performing loan totaling $20,685.

Man fraudulently obtained PPP loans to purchase alpacas, DOJ says

Man fraudulently obtained PPP loans to purchase alpacas, DOJ says Follow Us Question of the Day   In this Dec. 11, 2018 photo llamas graze near the Vinto homestead, on the outskirts of Santiago de Machaca, Bolivia. With an estimated 3.1 million llamas and alpacas in Bolivia, the South American country counts more of the coarse-haired mammals . more > By Jeff Mordock - The Washington Times - Tuesday, May 4, 2021 A Massachusetts man was criminally charged Tuesday with grossly inflating the number of employees at his pizza parlor to fraudulently obtain COVID-19 relief funds which he used to buy alpacas. Dana McIntyre, 57, of Beverly is charged with wire fraud and money laundering. He is scheduled to appear in a Boston federal court Tuesday afternoon.

BizWest Roundtable: Labor shortages top issues affecting NoCo health-care institutions – BizWest

A myriad of factors has affected the ability of health-care institutions in Northern Colorado to find qualified workers mainly nurses and certified nursing assistants but the pandemic has proved to be one of the most intractable. Several health-care executives shared their insights Tuesday morning at a BizWest CEO Roundtable on Health Care. Roundtable events in which business executives share their challenges and successes are sponsored in Northern Colorado by Plante Moran accounting firm, Elevations Credit Union and Berg Hill Greenleaf Ruscitti law firm. Tuesday, health-care executives talked about labor issues, the prospects of a “public option” state law affecting insurance premiums, positive developments that came out of the pandemic and collaboration between competitors.

Hidden gems of the SBA: What small business owners should know - Atlanta Business Chronicle

Hidden gems of the SBA: What small business owners should know - Atlanta Business Chronicle
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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