Commercial Development Suffering More Than Most
Vermont Business Magazine › Vol. 37 Nbr. 11, September 2009
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Summary
A few economic development specialists suggest that activity could pick up in the state's manufacturing sector in the coming months, leading perhaps to new capital outlays and job creation. [...] the Rutland building formerly occupied by the Metro Group bulk mailing company, which closed last year at a cost of more than 200 jobs, will soon be occupied by a beer and wine distributor that's moving its operations from Rutland City's southwest neighborhood, reports Tom McCauley, director of the Rutland Redevelopment Authority. [...] in White River, a Toyota dealership is adding more than 17,000 square feet as an expression of confidence that auto sales will soon revive.
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Commercial Development Suffering More Than Most
With the exception of the Northeast Kingdom and Rutland County, both of which have suffered heavy job losses, Vermont's economy has not been badly damaged by the national recession, says state Commerce Secretary Kevin Dorn.
But commercial development is at a standstill almost everywhere in Vermont, Dorn adds. "There aren't a lot of big projects going on now other than at Jay Peak," he notes. (See accompanying story).Private developers have enjoyed little benefit so far from the federal stimulus package, says Vermont Chamber of Commerce chief Betsy Bishop. Road contractor...See the full content of this document
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