In Burlington the average household spends 44% of its income on housing costs. The business community reports that the local housing market makes it challenging to recruit employees, retain professionals and grow our economy. The good news, however, is that work is being done to address the issue. Projects are on the table.
This Summit will focus on the "Housing Crisis" with a program that informs its members and motivates them to support change.
Burton's Burlington headquarters employs 400 and was honored as 2014 BBA Business of the Year.
In 1977, Jake Burton Carpenter founded BurtonSnowboards out of his Vermont barn and has dedicated his life to snowboarding. Burton has played a pivotal role in growing snowboarding from a backyard hobby to a world-class sport by creating ground-breaking products, supporting a team of top snowboarders, and pushing resorts to allow snowboarding. Today, Burton designs and manufactures industry-leading products for snowboarding and the snowboard lifestyle. Privately held and owned by Jake and his wife, Burton President Donna Carpenter, the company has called Vermont home for over 37 years.
Top Hat is a member who helps the BBA bring the party to life! Most recently Top Hat collaborated with the BBA to celebrate our annual Winter Night on the Town (for the second year in a row!)
Owner Mike Detch told the BBA, "We love giving back to the community and providing world-class service. We are a YES company, and will do whatever the client needs."
The BBA has found this to be true. According to BBA Executive Director Kelly Devine, "Top Hat has been a great partner for our events. They offer DJing, Photobooths, Uplighting, Bounce Inflatables, and other rentals.They are so easy to work with. How about a bounce inflatable at our next Social? That would add a new twist."
The Burlington Retirement Committee proposed critical reforms to Burlington’s Pension plan in late October. With pension liabilities growing faster than the tax base can cover them, the debt “threatens the heart of the city’s success,” according to Mayor Miro Weinberger. The committee’s recommendations include freezing taxpayer contributions for three years, restoring the system’s funding level to 85 percent within seven years, and sharing costs between employees and the city should the BERS (Burlington Employees Retirement System) fail to hit funding targets in a given year. Mayor Weinberger supports the proposed framework because it could end the steep rise in pension-related tax hikes that would impact business owners in Burlington, who would otherwise bear the brunt of the funding gap. The committee’s recommendations have been brought to the four municipal employee unions for collective bargaining talks to begin.
Conceptual plans for a considerable overhaul of the Burlington Town Center mall werereleased recently at a news conference with Mayor Miro Weinberger, Governor Peter Shumlin, BBA Executive Director Kelly Devine, and other officials. At the news conference Devine stated “The Burlington Town Center development will have a lasting, positive effect on the heart of Burlington and the entire community. The project would create expanded parking, new jobs, and additional retail opportunities that would bring significant direct and indirect economic benefits to Burlington.” Several other community organizations voiced their support of the redevelopment, including the Burlington Farmers’ Market, Lake Champlain Chamber of Commerce, the Vermont Agency of Transportation and several City Councilors from surrounding Wards, among others.
In a public forum on the Downtown Burlington Parking changes late November, in which 50-60 area residents attended, feedback was given to the Public Works department. Desire for an interactive map outlining changes and discussion of a study on usage of residential parking areas were the main topics of the forum. Consultants in attendance presented findings from the study that office use drives parking demand during the week and retail drives demand on the weekends. The study also revealed pockets around Church street with over and under-utilized parking areas for residents. BBA member and local architect Richard Deane hoped that the findings will “help solve current issues about parking.” The revised parking fee structure is built to increase parking turnover. Burlington Public Works is inviting members of the public, as well as business owners, to share their feedback on the updated parking plan until December 14th.