Median family income in Vermont rose to a record high of $65,786 in 2007, according to The Vermont Economy Newsletter’s annual analysis of just-released Vermont Tax Department income data. The income earned by the median family (half of all families earn more and half earn less than the median) rose by 4.6% or $2,900 in 2007.While incomes grew by 4.6%, prices increased by 2.8%, yielding an inflation-adjusted income growth rate of 1.7%.”Inflation-adjusted income grew by a healthy 1.7% in 2007,” noted Art Woolf, co-author of the report and editor of The Vermont Economy Newsletter. “And that was on top of an equally healthy 1.6% growth in 2006. Over the long term, annual income growth in Vermont is 1.5%, so income growth in 2006 and 2007 was better than average.”The Vermont Economy Newsletter’s forecast for 2008 and 2009 is not so sanguine. “The economy began slowing in 2008 and will continue to slow as the full impact of the recession takes hold,” noted Richard Heaps, the study’s other co-author. “We believe that while income gains were healthy in 2008, the high inflation caused by the rapid growth in energy and food prices eroded most of those gains,” he said. “And the outlook for 2009 is even worse. Incomes will barely grow. And although inflation will be low in 2009, it will be high enough and income growth low enough to cause a decline in inflation-adjusted family income,” he continued.The study foresees a modest decline in inflation-adjusted family income in both 2008 and 2009.Family income data for 2008, based on tax returns that Vermonters are now beginning to file, will be available in December 2009.Actual Data: Vermont Median Family IncomeYearActual DollarsInflation Adjusted1975$12,036$41,2261976$13,440$43,5371977$14,466$44,0491978$16,533$48,2211979$17,967$47,8231980$19,193$45,9821981$20,622$45,1111982$21,019$43,3621983$22,510$44,5371984$23,609$44,8751985$25,343$46,5721986$27,347$49,3611987$30,618$53,4591988$32,750$55,1571989$34,680$55,9921990$35,399$54,4391991$35,460$52,6451992$36,953$53,5051993$37,557$53,0681994$38,755$53,6161995$40,407$54,5871996$42,262$55,6131997$44,516$57,3401998$47,309$60,0981999$49,578$61,6942000$52,387$63,0762001$53,609$62,7842002$53,790$61,9952003$54,958$61,9572004$57,677$63,3122005$59,959$63,6822006$62,912$64,6972007$65,786$65,7862008F$68,089$65,5332009F$68,429$65,208www.vteconomy.com(link is external)
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Renewables Company Funds Solar Training for Skilled Workers in Fossil, Nuclear Fields
Renewables Company Funds Solar Training for Skilled Workers in Fossil, Nuclear Fields FacebookTwitterLinkedInEmailPrint分享Greentech Media:Cypress Creek Renewables is growing. It’s the nation’s fifth-largest developer and it brought online the most utility-scale solar projects last year, according to GTM Research.With hundreds of megawatts in capacity expected in 2018, hiring skilled workers to build it all remains a key focus. “A big piece of last year was finding the workforce to come work with us,” said Jaime Carlson, executive vice president of operations and capital planning.To that end, Cypress Creek is supporting a total of five solar training programs at community colleges across the country. Its first partnership at Greenville Technical College in South Carolina launched this fall. Since then Cypress Creek has offered between $10,000 and $25,000 to programs in New York’s Hudson Valley, at Cape Fear in North Carolina, in northeastern Illinois and most recently in Flint, Michigan.“It really stems from us feeling a responsibility to the energy industry to be part of the solution,” said Carlson. “As we see changing economics and trends, we really want to be part of making sure there are transition solutions for everyone.”Cypress Creek selected the programs by assessing where the company has plans for growth, where the solar industry is blossoming, and where high unemployment or a transitioning energy market makes retraining attractive.In South Carolina, for instance, the failure of the VC Summer nuclear expansion left an opening for the solar industry. Since Cypress Creek’s partnership with Greenville Tech started, 30 percent of new students have come from the fossil fuel or nuclear industries. Two students, Carlson said, specifically cited the termination of VC Summer as a reason for their interest in the program.In areas where traditional fuels are facing challenges, Carlson said Cypress Creek wants to avoid “an us-versus-them equation.”More: Cypress Creek Renewables Wants To Build The Solar Workforce Of The Future