-A A +A


Welch unveils bipartisan bill to provide regulatory relief to community banks

Mon, 09/22/2014 - 4:51pm -- tim

At the National Community Bank in Montpelier today, Representative Peter Welch unveiled bipartisan legislation to provide targeted regulatory relief to small community banks across the country. Joining Welch at the news conference were community bank leaders from around the state, including Mark Young (First Bank of Orwell), Reagan Howard (Community National Bank), Ken Perrine (National Bank of Middlebury), Steve Kendall (Union Bank) and Chris D’Elia (Vermont Bankers Association). Also participating was Tom Candon with the Vermont Department of Financial Regulation.

State agencies work together to promote zero-emission vehicles

Mon, 09/22/2014 - 3:02pm -- tim

Today, Governor Peter Shumlin’s Climate Cabinet released the Vermont Zero Emission Vehicle (ZEV) Action Plan. The Vermont Zero Emission Vehicle (ZEV) Action Plan sets out tasks and timelines Agencies and Departments including Natural Resources, Transportation, Health, Public Service, and Buildings and General Services will take to promote electric vehicle deployment in Vermont. The Vermont Zero Emission Vehicle (ZEV) Action Plan is the product of a memorandum of understanding (MOU) signed with seven other governors to put 3.3 million ZEVs on the road by 2025.

Norwich University kicks off $100 million campaign with $55 million in pledged gifts

Sun, 09/21/2014 - 9:43pm -- tim

Norwich University has raised $55 million towards its newly launched five-year, $100 million comprehensive fundraising campaign known as “Forging the Future.” University President Richard W Schneider made the announcement as he kicked-off the campaign Friday night to 1,200 alumni, donors, trustees, faculty and staff at a gala event in Shapiro Field House.

Political leaders visit Vermont Castings Group to talk industry regulations

Sat, 09/20/2014 - 5:53am -- tim

Over the last few months, Congressman Andy Barr (R-KY) and Vermont Governor Peter Shumlin have met with Vermont Castings Group senior management team members at the manufacturer’s facilities in Kentucky and Vermont. The topic, among others, was increasing regulatory restrictions on the hearth industry and their effects on the welfare of the manufacturer, who has production facilities in Kentucky and Vermont employing over 600 people.

Citizens Financial Group introduces refinancing for federal student loans

Sat, 09/20/2014 - 2:52am -- tim

Citizens Financial Group has introduced a new way for student loan borrowers to manage the long-term cost of college – the ability to refinance federal student loans via its Education Refinance Loan, which Citizens launched earlier this year with an initial focus on private student loans.To date, Citizens’ Education Refinance Loan has helped private student loan borrowers lower their monthly payments by an average of

Merchants Bancshares announces resignation of CFO Janet Spitler

Fri, 09/19/2014 - 4:26pm -- tim

Merchants Bancshares, Inc (NASDAQ: MBVT), the parent company of Merchants Bank, announced Friday that Janet P Spitler, Merchants Bancshares, Inc Chief Financial Officer and Treasurer, is resigning effective December 31, 2014, to pursue other professional interests. "Janet has been a significant contributor to our company over the past 24 years.

GMP fires back at Vermont Law School in dispute over renewable energy certificates

Fri, 09/19/2014 - 2:16pm -- tim

A group of Vermont business, energy, and state leaders, including Burlington Mayor Miro Weinberger, Representative Tony Klein and Sugarbush owner Win Smith, joined Green Mountain Power today in criticizing Vermont Law School's Environmental Law Clinic for filing a Federal Trade Commission complaint that targets Vermont's renewable energy laws. The filing against GMP's sale of Renewable Energy Certificates (RECs) would lead to higher electric rates and discourage renewables in Vermont.

Vermont unemployment rate rises four-tenths to 4.1 percent in August

Fri, 09/19/2014 - 10:40am -- tim

Vermont Business Magazine The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for August 2014 was 4.1 percent. The number of employed fell 1,300 while the number of unemployed rose by 2,200. The labor force also fell by 800. These are all negative indicators. The rate itself represents an increase of four-tenths of a percent from the revised July rate (3.7 percent). The equivalent national average was 6.1 percent, which decreased by one-tenth of a percent from the previous month’s estimate.

US Navy names fast-attack submarine, USS Vermont

Fri, 09/19/2014 - 7:50am -- tim

There have been two USS Vermonts in US Navy history, the last of which was a battleship. But they do not make those ships anymore, so the Navy found another way to honor the state's important naval history. Secretary of the Navy Ray Mabus hosted a ship-naming ceremony Thursday in front of the Lake Champlain Navy Memorial in Burlington to announce that SSN 792, a Virginia-class attack submarine, will bear the name USS Vermont. Mabus named the submarine to honor the longstanding partnership its namesake state has had with the Navy.