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Vermont working lands businesses to receive 'Trade Show Assistance' grants

Mon, 03/30/2015 - 3:45pm -- tim

Twenty-four Vermont Agriculture and Forest Products businesses will receive financial assistance to attend trade shows as part of Vermont’s new Trade Show Assistance grant program. A total of $25,000 in matching funds was awarded. The Vermont Agencies of Agriculture, Food, and Markets (VAAFM) and Commerce and Community Development (ACCD) announced the winners today.

Rolls-Royce acquires Brattleboro's ROV Technologies Inc

Mon, 03/30/2015 - 3:18pm -- tim

Rolls-Royce, based in London, England, has today announced the acquisition of ROV Technologies, Inc, a Brattleboro-Vermont-based business primarily providing nuclear utility operators with remote visual inspection services for Boiling Water Reactors (BWR) and Pressurised Water Reactors (PWR). The plant and its 45 employees are expected to remain in place. Terms of the deal were not released.

UVM a top school for four-year graduation rate, health careers

Mon, 03/30/2015 - 10:02am -- tim

The University of Vermont fared well in two recently released college rankings. CNN Money ranked it 22nd among public colleges for its four-year graduation rate and USA Today rated it one of the ten best schools for students interested in the health professions. Graduating within four years, CNN Money says, is key to keeping the cost of college down. While only one-third of public college students earn their degrees in four years, 65 percent of UVM students graduate in that timeframe.

Reily Foods partners with Keurig Green Mountain in manufacturing deal

Mon, 03/30/2015 - 9:44am -- tim

Keurig Green Mountain, Inc (NASDAQ: GMCR) and Reily Foods Company, New Orleans, LA, announced an exclusive multi-year manufacturing and distribution agreement for New England brand coffee, New Orleans Famous French Market Since 1890 brand coffee, and Luzianne brand iced tea pods for Keurig hot brewing systems in the United States and Canada. Financial terms of the agreement were not disclosed.

Children’s Miracle Network Receives $27,058 from NEFCU

Mon, 03/30/2015 - 9:22am -- tim

On March 9, 2015, New England Federal Credit Union’s (NEFCU) Senior Marketing Executive, Cindy Morgan, presented a symbolic “big check” for $27,058 to Children’s Miracle Network (CMN) representatives at the University of Vermont Children’s Hospital. NEFCU members and staff contributed to the record-breaking donation as part of the annual Big Change Roundup. 

Analysis: With deals on the rise, it may be time to revisit your strategy for M&A

Sun, 03/29/2015 - 3:52am -- tim

by Joe Carelli, President, Citizens Bank New Hampshire and Vermont You've spent most of your life building your business. There have been highs and lows over the years. Now, you’ve made it through the recent recession and your business is humming again. With nearly 8,000 US baby boomers turning 65 every day, it may be your time to step back and retire. Or maybe it’s time to consider making an acquisition, but you worry about the impact a deal will have on employees and customers whom you care deeply about.

It’s important to remember that you’re not alone.

Hundt: Translating your business transforms your bottom line

Sun, 03/29/2015 - 2:42am -- tim

by Michael Hundt In a recent tweet by Momentum Social Media, a UK-based social media marketing company, former German Chancellor, Willi Brandt, was quoted as saying, “If I am selling to you, I speak your language. If I am buying from you, dann müssen Sie Deutsch sprechen.” What does this mean?

It means that, if you run a hotel or resort and want to attract more foreign guests, you will want to translate your website, your menus, your flyers and more, into other languages.

Economic signs are good, but not for workers

Sat, 03/28/2015 - 4:39am -- tim

by Public Assets Institute Vermont’s unemployment rate dropped below 4 percent in February, but the state still struggles to turn lower unemployment into more people working. In February, for example, unemployment went down by 433, but the number of people employed increased by just 128. The last time Vermont’s unemployment rate was at this level, in May 2007, there were 5,600 more Vermonters working. Private employers reported 600 fewer jobs in February than in January.

State suspends approval for EB-5 funded biotech company

Sat, 03/28/2015 - 3:10am -- tim

by Anne Galloway Governor Peter Shumlin has asked the state’s chief financial regulator to probe plans for a massive Northeast Kingdom development after a state agency raised significant and critical questions about the finances for a multimillion dollar biotech project in Newport. State approval for AnC Bio Vermont was suspended in August.

The Vermont Agency Foundation awards $5,300 to KidSafe Collaborative

Sat, 03/28/2015 - 3:07am -- tim

The Vermont Agency Foundation held its third annual Casino Night on Saturday March 14th at the Burlington Hilton. With more than 100 guests in attendance, $5,300 was raised to benefit KidSafe Collaborative.  KidSafe Collaborative of Chittenden County has a mission to engage agencies, community groups and individuals to work together to improve our community’s prevention of and response to child abuse and neglect.

Berkshire Bank seeks volunteer projects

Sat, 03/28/2015 - 2:31am -- tim

Berkshire Bank is seeking volunteer opportunities for their upcoming Company-Wide Week of Service June 8 – 12.  During the week, more than 300 bank employees are expected to participate in a series of service projects to help the communities in which the bank operates. Berkshire Bank is seeking service projects of all sizes, but generally should engage between 5 to 50 employees using a mix of skilled and non-skilled labor.