The Current State

On May 17, President Barack Obama and Labor Secretary Tom Perez announced significant changes as to how employers will determine who is eligible for overtime pay in the future. The regulatory changes are to the Fair Labor Standards Act of 1938 and lift the salary threshold used as part of a two-fold overtime eligibility determination from $23,660 to $47,476 a year. According to the administration, this change will affect 4.2 million employees and increase payrolls $1.2 billion annually.

Vermonters whose driver’s licenses have been suspended for failure to pay fines and fees may find a reprieve this fall following the May passage of a bill by the state Legislature. The bill, H. 571, aims to alleviate some of the financial burden that outstanding traffic tickets and resulting license suspensions can pose, particularly for low-income residents in the rural state, where there are few public transit options and people rely on driving to get to work or school.

Since 1963, every U.S. president has set aside a week to highlight the importance of small businesses and to recognize their accomplishments through innovation and growth. This year was no different. On April 29, President Barack Obama declared May 1-7 as National Small Business Week, an annual event organized by the U.S. Small Business Administration, or SBA

Air regulators from more than 20 state and local agencies discussed the Clean Power Plan and its potential impact on states during the Association of Air Pollution Control Agencies’ mid-year meeting April 28-29 in Columbia, South Carolina. Approximately 100 participants attended the event, which included presentations and panels on topics ranging from environmental justice to implementation of the National Ambient Air Quality Standards for sulfur dioxide, ozone and other pollutants to regulatory impact analyses.

State economic development organizations and U.S. companies were on full display last month at the Hannover Messe Industrial Trade Fair. As the world’s largest industrial technology trade fair, held annually just outside Hannover, Germany, Hannover Messe is an international meet-and-greet of sorts, providing U.S. companies and state international trade organizations the opportunity to meet prospective foreign investors and export partners from around the world.

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