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Keurig responds to speculation about changes to the R&D and engineering team

Tue, 05/05/2015 - 7:40am -- tim

Vermont Business Magazine Following an executive shakeup involving its chief technology officer, Waterbury-based coffee company Keurig Green Mountain (NASDAQ: GMCR) issued this statement: “Kevin Sullivan, formerly Keurig’s Chief Technology Officer, remains with the company and has no plans to leave. Over the past 15 months, Kevin and Brian Kelley, Keurig’s President and CEO, have been working closely together to shift Kevin’s responsibilities at his request. Kevin will now focus exclusively on critical technology initiatives for the company.

GMC board rejects UVM Medical Center planning proposal

Tue, 05/05/2015 - 4:07am -- tim

by Morgan True vtdigger.org The Green Mountain Care Board rejected a request from the University of Vermont Medical Center to spend an additional $1.45 million on planning for a proposed $187.3 million inpatient facility still under review by the regulatory board. The board denied the request for additional planning money because the hospital wanted to proceed with “preconstruction services” that were supposed to begin after the final project was approved.

KidSafe collaborative honors human services achievements

Tue, 05/05/2015 - 3:55am -- tim

Vermont Governor Peter Shumlin attended KidSafe Collaborative’s Annual Outstanding Service Awards and congratulated the honorees for their efforts to improve child safety and wellbeing, at a luncheon held April 16 at the Sheraton Burlington.

The 2015 Awards were presented to:

Outstanding Professional: Steve McLaughlin, Social Worker, Vermont Department
for Children and Families, Family Services Division – Burlington Office.

Outstanding Promising Professional: Ashley Sargent, Wendy’s Wonderful Kids
Recruiter, Lund – Family Adoptions Unit.

Vermont tax revenues indeed reveal 'April surprise'

Mon, 05/04/2015 - 4:57pm -- tim

by Timothy McQuiston, Vermont Business Magazine Just as the state economists suggested might happen in regards to personal income tax revenues, April receipts were the largest on record in the state of Vermont at $160.76 million, in data released today. The economists made this prediction in large part because of growing corporate profits in 2014 that did not show up in typical personal income withholding, but had to be accounted for once taxes were filed.

Hermitage Ski Club settles Vermont environmental permitting violations for $205,000

Mon, 05/04/2015 - 4:39pm -- tim

The Hermitage Ski Club at Haystack Mountain, a private ski resort in Wilmington and Dover, Vermont, has admitted to violating land use and environmental permitting laws and has agreed to pay $205,000 in civil penalties for violations that occurred during construction and development of the ski resort. “Developers cannot ignore our permitting and environmental statutes,” said Attorney General Bill Sorrell. “Ski resorts are critical to Vermont’s tourism economy, but all development projects must meet our environmental standards,” he added.

Seventh Generation launches Change for Good diaper promotion

Mon, 05/04/2015 - 3:43pm -- tim

Seventh Generation, a leading household and personal care company, based in Burlington, Vermont, today launched a new promotion in partnership with Whole Foods Market and Baby Buggy that will help make every diaper change a "change for good." For every pack of Seventh Generation Free & Clear diapers purchased at Whole Foods Market from May 1 - September 30, 2015, Seventh Generation will donate a pack of newborn or size one diapers to Baby Buggy, a national nonprofit that provides families with children in need across the country with essential gear, clothing, products and services.

The Christmas Loft sold to Shelburne Country Store owners

Mon, 05/04/2015 - 3:28pm -- tim

Steve and Deb Mayfield, owners of the Shelburne Country Store, today announced the acquisition of The Christmas Loft located in Shelburne. Based in Jay, Vermont, The Christmas Loft is a privately held corporation that operates three retail locations in Shelburne and in North Woodstock and North Conway, New Hampshire. The purchase by the Mayfields includes just the Shelburne location. The Christmas Loft will continue to operate the remaining New Hampshire locations as well as their office and warehouse in Jay independently.

State grant of $500,000 will make affordable housing more energy efficient

Mon, 05/04/2015 - 1:24pm -- tim

by Timothy McQuiston, Vermont Business Magazine Heating should be cheaper next winter for 80 homes near Saint Michael's College in Colchester. A $500,000 Vermont Community Development Program grant, announced by Governor Peter Shumlin Monday morning, will help lock-in their affordability by making them more energy efficient. The apartments are part of Winchester Place, a mixed-income development of 166 apartments owned in partnership by the Champlain Housing Trust and Housing Vermont.

President Obama proclaims National Small Business Week, 2015

Mon, 05/04/2015 - 9:46am -- tim

National Small Business Week 2015 celebrations kicked-off today in South Florida. The annual event is hosted by the U.S. Small Business Administration and designed to recognize the nation’s top small businesses, entrepreneurs, and business advocates. The week-long event will continue through Friday, May 8, with SBA Administrator Maria Contreras-Sweet hosting planned national events in Los Angeles, San Antonio, New York City and Washington, D.C., where festivities will conclude with recognizing national award winners and the selection of the national Small Business Person of the Year.

Fitch affirms all notes issued by Vermont Student Assistance Corp Series 2013-1

Mon, 05/04/2015 - 7:22am -- tim

Fitch Ratings has affirmed the senior student loan notes at 'AAAsf' and the subordinate student loan notes at 'Asf' issued by Vermont Student Assistance Corp Series 2013-1. The Rating Outlook on the notes, which is tied to the sovereign rating of the US government, is Stable.

KEY RATING DRIVERS

NEK Economic Development Initiative/EB-5 projects progress report

Sun, 05/03/2015 - 6:59am -- tim

The April Northeastern Vermont Development Association progress report offers the following updates to the EB-5 development projects under way in the northeastern part of the state. AnC Bio Vermont: Developers will begin construction on the 84,000-square-foot bio-tech research and manufacturing facility on May 14, 2015. The Peak CM Construction project is expected to take 14-16 months.       

Q Burke Mountain Resort - Construction Updates

$10.5 million drywall class action settlement announced over alleged price fixing

Sun, 05/03/2015 - 5:07am -- tim

The following statement is being issued by Block & Leviton LLP, Finkelstein Thompson LLP and Green & Noblin PC regarding the Drywall Antitrust Litigation. If you purchased Wallboard INDIRECTLY from one or more of the companies listed below, your rights may be affected by proposed Settlements. Proposed class settlements totaling $10.5 million have been reached with two Defendants in In re Domestic Drywall Antitrust Litigation, MDL No. 2437 and 13-MD-2437, pending in the US District Court for the Eastern District of Pennsylvania.

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