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International fashion retailer H&M to open first Vermont location

Sat, 02/24/2018 - 11:42am -- tim

Vermont Business Magazine KeyPoint Partners, LLC (KPP) has negotiated a lease with H&M at University Mall in South Burlington, according to Robert Lemons, Managing Partner of the firm. H&M will anchor the mall and anticipates that it will open this first Vermont location just in time for the 2018 holiday season. KPP Vice President of Leasing Don Mace completed the transaction. Target will also open its first Vermont store at UMall this fall.

Weekly unemployment claims continue steady decline

Sat, 02/24/2018 - 4:16am -- tim

Vermont Business Magazine Weekly unemployment claims are on a slow decline, as they have been since the beginning of year. For the week of February 17, 2018, there were 412 claims, 63 fewer than than they were the previous week and 159 fewer than they were a year ago. Altogether 5,937 new and continuing claims were filed, a decrease of 103 from a week ago, and 901 fewer than a year ago. For most weeks of 2017, including the last several months, claims have registered below the year before.

Police: White supremacist posters work of outsiders

Fri, 02/23/2018 - 9:58pm -- tim

Vermont Business Magazine An investigation by the Burlington Police Department and the FBI has determined that the racist posters recently distributed on the Burlington college campuses, particularly at the University of Vermont, were not undertaken by local college students, but were the work of provocateurs and "that these individuals intended to cause strife, disruption and mistrust on local college campuses by expressing hostile and troubling messages in their public places. There is also evidence that these individuals have participated in extremist group activities in other communities."

Governor files motion to allow state to disclose Jay Peak fraud documents

Fri, 02/23/2018 - 9:41pm -- tim

Vermont Business Magazine The Vermont Department of Financial Regulation (DFR) and the Attorney General’s Office (AGO) on Friday filed a motion with the Superior Court Washington Unit that would allow the State to publicly disclose documents relating to the alleged fraud case against Ariel Quiros and Bill Stenger.

Castleton enrollment, financial troubles lead to layoffs

Fri, 02/23/2018 - 3:40pm -- tim

Vermont Business Magazine Castleton University announced Friday that as part of a comprehensive response to a projected operating loss of $1.5 million for the current year, it will restructure its current workforce through a combination of layoffs, position eliminations, and early retirements. The restructuring will also enable the University to minimize a projected shortfall for the fiscal year 2019 and place it in a more sustainable position for future growth. The actual number of staff reductions has yet to be determined.

Champlain Center for Financial Literacy meets $170K challenge

Fri, 02/23/2018 - 3:27pm -- tim

Vermont Business Magazine The Champlain College Center for Financial Literacy has received a $170,000 grant from a benefactor who wished to remain anonymous that meets a $132,000 challenge grant from Next Gen Personal Finance, a non-profit organization that connects educators and students with free financial literacy resources.

Vermont Mayors support 'commonsense' gun reforms

Fri, 02/23/2018 - 1:56pm -- tim

Vermont Business Magazine Today, Vermont Mayors issued statements welcoming Governor Scott and legislators’ support of commonsense gun reforms. Since 2013, the Vermont Mayors Coalition has supported a number of proposed commonsense gun reforms to ensure the safety of all Vermonters. The VMC urges Montpelier leaders to consider all of these as part of their new consideration of gun reforms.

These reforms have included:

Amtrak could suspend Vermont service

Fri, 02/23/2018 - 10:54am -- tim

by CB Hall Vermont Business Magazine The continuation of passenger rail service in Vermont is under scrutiny by Amtrak as a safety issue in the wake of congressional testimony given by Richard Anderson, the national rail provider's CEO, on February 15. Anderson said he doubted that the state's two passenger services would continue running after December 31, 2018, but subsequent statements from the company indicate it is not making any decisions just yet.

Marcelle Leahy to christen Navy transport 'Burlington'

Fri, 02/23/2018 - 10:03am -- tim

Vermont Business Magazine The United States Navy will christen its newest Expeditionary Fast Transport, the future USNS Burlington (T-EPF 10), during a 10 am CST ceremony Saturday, February 24, at the Austal USA shipyard in Mobile, Alabama. The future USNS Burlington, designated T-EPF 10, will be the first ship in naval service to honor Burlington, Vermont’s largest city. The first Navy ship Burlington (PF-51) was named for Burlington, Iowa and served during WWII.

UVM responds to protesters blocking Main Street

Fri, 02/23/2018 - 8:44am -- tim

Vermont Business Magazine Below is a statement from the University of Vermont, attributed it to Enrique Corredera, executive director of news and public affairs, and issued Thursday night. Protesters had blocked Main Street in Burlington Thursday to support racial justice after recent incidents on the UVM campus. Protesters asserted that UVM has not done enough to address racism.

Governor Phil Scott delivers action plan for safe schools

Thu, 02/22/2018 - 5:41pm -- tim

Vermont Business Magazine Governor Phil Scott today delivered a memo to the Vermont Legislature outlining immediate and longer-term actions he’d like to work with the Legislature on to maintain the safest, healthiest and strongest communities and schools. Following delivery of the memo, the governor delivered the below statement at his weekly press conference.

Students gather at State House to support gun legislation

Thu, 02/22/2018 - 5:27pm -- tim

Vermont Business Magazine Over 80 middle and high school students joined forces today in a grassroots effort to bring student voices in support of common sense gun legislation. The students advocated for passage of three bills currently before the legislature to improve safety for students and all Vermonters.  Many noted the importance of passing universal background checks as a first step to improving safety.