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Bernie Sanders reaches 5 million Facebook followers

Wed, 12/07/2016 - 5:26am -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont) surpassed 5 million "likes" on his Senate Facebook page Tuesday. The enormous grassroots following is greater than any other member of Congress, according to Facebook data. It comes on the heels of his massive following during his presidential campaign, where he led all candidates in individual contributions.

Burlington Drug Company sold to J M Smith Corp

Tue, 12/06/2016 - 4:59pm -- tim

Vermont Business Magazine South Carolina-based J M Smith Corporation has entered into a merger agreement with Burlington Drug Company and will also purchase certain operations assets of Pharmacy Health Services (PHS). Once the agreement is completed, in early 2017, they will operate as subsidiaries of J M Smith Corporation. Burlington Drug Company will continue to manage all operations, customer service and sales functions out of the current facility in Milton, Vermont. PHS facilities will continue to serve customers at their existing locations.

Bernie Sanders: Senate Republicans block Trump proposal to lower prescription drug prices

Tue, 12/06/2016 - 4:51pm -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont) proposed an amendment Tuesday to lower the cost of prescription drugs by letting Medicare negotiate drug prices and allowing for the importation from other countries of low-cost prescription drugs – both proposals advocated by President-elect Donald Trump. Republicans blocked the Sanders amendment.

USDOL approves Trade Certification for Keurig workers laid off in 2015

Tue, 12/06/2016 - 4:09pm -- tim

Vermont Business Magazine The USDOL Office of Trade Adjustment Assistance in Washington, DC, issued a determination on November 15, 2016, approving the Vermont Department of Labor’s (VDOL) request for Trade Certification for the August 2015 laid-off workers from Keurig Green Mountain in Waterbury and South Burlington. Approximately 200 workers were laid off.

Scott picks Gobeille for Human Services and Susanne Young for Administration

Tue, 12/06/2016 - 3:30pm -- tim

Vermont Business Magazine Governor-elect Phil Scott today chose the head of the Green Mountain Care Board and an assistant attorney general to fill two key cabinet posts. He also announced additional policy staff on his senior leadership team. Susanne Young will serve as Secretary of the Agency of Administration. Al Gobeille will serve as the Secretary of the Agency of Human Services. These are the two most demanding cabinet posts.HS includes all the social welfare programs, Corrections and Vermont Health Connect.

UVM plan eliminates tuition and comp fee for lower income Vermonters

Tue, 12/06/2016 - 12:39pm -- tim

Vermont Business Magazine The University of Vermont has launched a new program called the Catamount Commitment guaranteeing that all Vermonters receiving federal Pell grants will pay no tuition and no comprehensive fee to attend the university, beginning with the class entering UVM in the fall of 2017. The program will also provide a range of support services for Pell-eligible Vermont students, many of whom are first-generation college students, designed to help them succeed at the university. To be eligible for a Pell grant, students must have demonstrated financial need.

Vermont electors for President and Vice President of the United States to meet Monday, December 19

Tue, 12/06/2016 - 12:22pm -- tim

Vermont Business Magazine Secretary of State Jim Condos announces that there will be a meeting of the three Vermont Electors of the President and Vice President of the United States on: Monday, December 19, 2016, 10:00 a.m., Room 11 of the State House in Montpelier, Vermont. At that meeting the Electors will take their oaths of allegiance and oaths of office, organize by electing a President, Clerk, and Messenger, cast official ballots for the President and Vice President of the United States, and complete a Certificate of Vote to be sent to Washington.

Leahy urges Senate to address rising prescription drug prices

Tue, 12/06/2016 - 12:03pm -- tim

Vermont Business Magazine Senate Judiciary Committee members led by Ranking Member Patrick Leahy (D-Vermont) are calling on all senators to support a bipartisan amendment to benefit consumers and deter pharmaceutical companies from blocking cheaper generic alternatives from entering the marketplace. Leahy, joined by other leading members of the panel, filed an updated version of their bipartisan Creating and Restoring Equal Access to Equivalent Samples (CREATES) Act as an amendment to the 21st Century Cures Act, which the Senate is debating this week. 

VSECU is first credit union to earn values-based banking designation

Tue, 12/06/2016 - 10:33am -- tim

Vermont Business Magazine VSECU, a credit union based in Montpelier, today announced it has been accepted as a member of the Global Alliance for Banking on Values (GABV), an independent network of values-based banks, banking cooperatives, credit unions, microfinance institutions, and community development banks from across the world. 

Berkshire Bank acquires Rutland financial planning firm

Tue, 12/06/2016 - 10:15am -- tim

Vermont Business Magazine Berkshire Bank, a wholly owned subsidiary of Berkshire Hills Bancorp, Inc (NYSE: BHLB) based in Pittsfield, MA, and Ronald N Lazzaro PC, an independent financial planning and investment services firm based in Rutland announced on Monday the completion of an asset purchase transaction on December 2, 2016, and the launch of a strategic combination between the two firms.

Champlain College Online extends truED offerings to active duty service members

Tue, 12/06/2016 - 9:57am -- tim

Champlain College campus. Stephen Mease photo.

Vermont Business Magazine Champlain College has announced that beginning January 2017 active duty service members, National Guard members and members from Reserve Components of the US Armed Forces, and their spouses and eligible adult dependents now have access to its more than 50 nationally ranked, fully online post-secondary undergraduate and graduate degrees and certificates at up to 70 percent off standard tuition through its truED program.