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Snelling Center announces Vermont Leadership Institute Class of 2018

Mon, 10/23/2017 - 12:59pm -- tim

Vermont Business Magazine The Snelling Center for Government has announced the Vermont Leadership Institute Class of 2018. The Class of 2018 is comprised of 23 associates from across the state who represent a wide variety of organizations from the public, private and non-profit sectors. The Snelling Center for Government is a non-partisan, non-profit organization committed to fostering responsible and ethical civic leadership, encouraging public service by private citizens, and promoting informed citizen participation in shaping public policy in Vermont.

Six Vermont properties among Condé Nast Traveler’s Top Hotels in New England

Mon, 10/23/2017 - 12:14pm -- tim

Vermont Business Magazine Condé Nast Traveler readers have rated the top hotels in New England for 2017 and six prestigious Vermont lodging properties were among the 40 that were recognized. Five Vermont properties, including Hotel Vermont of Burlington at No. 4, were named among the Top 20 hotels in Condé Nast Traveler’s Top Hotels in New England: Readers’ Choice Awards. This is the third year in a row that Hotel Vermont has been honored in the Top 5 of these rankings.

Vermont helps Feds stop 'Payday Loan' debt traps

Mon, 10/23/2017 - 12:01pm -- tim

Vermont Business Magazine The federal Consumer Financial Protection Bureau (CFPB) has announced a national rule that will eliminate payday loan debt traps by requiring lenders to ensure that borrowers can repay their loans. Vermont already bans payday loans and other forms of high-interest lending. Around 12 million Americans use payday loans. The new rule is estimated to eliminate two-thirds of the payday loans currently offered across the country.

Vermont-based group gets $65K for organic waste management in Maryland

Mon, 10/23/2017 - 11:50am -- tim

Vermont Business Magazine The Northeast Recycling Council (NERC), based in Brattleboro, has been awarded $65,638 from the US Department of Agriculture, Rural Utility Services Solid Waste Management Grant Program, to implement food waste, organics, and manure management in rural Maryland communities. The goal of the project is to assist rural communities to improve solid waste planning and management, leading to reductions in solid waste generation and water pollution.

Berkshire Bank parent reports big increase in Q3 net income

Mon, 10/23/2017 - 11:02am -- tim

Vermont Business Magazine Berkshire Hills Bancorp, Inc (NYSE: BHLB), the parent company of Berkshire Bank with branches in southern Vermont, has reported third quarter 2017 net income of $22.9 million, or $0.57 per share and core earnings of $23.6 million, or $0.59 per share. Net income was up 40% year-over-year, while core earnings grew 35% due to the benefit of business expansion. Net income per share increased by 8%, while core EPS increased by 4%. Net income was impacted by net non-core charges related primarily to acquisitions.

CVOEO establishes new award for New Americans

Mon, 10/23/2017 - 10:48am -- tim

Vermont Business Magazine The Champlain Valley Office of Economic Opportunity (CVOEO) has established a new annual award for members of the New American community: The Crystal Family New Hope Award. In this inaugural year, there will be two awards of $500 granted to Fardowsa Ibrahim and Abdelali Amrani. The awards will be presented at festivities to be held at the Bobbin Mill Community Room  on November 16th at 5:30 pm.

Prime Motor Group sold to Capstone

Mon, 10/23/2017 - 10:40am -- tim

Vermont Business Magazine The ownership of Prime Subaru in Norwich is changing hands. Capstone Automotive Group, an affiliate of GPB Capital, has acquired a majority equity stake in Prime Motor Group, which operates more than 25 dealerships and related businesses in Massachusetts, Vermont, New Hampshire, and Maine. The deal establishes Capstone's presence in the New England market.

PAI: Job growth in 2017, so far so good

Sun, 10/22/2017 - 12:54pm -- tim

Public Assets Institute With an additional 600 new jobs in September, Vermont’s private employers have added 2,700 jobs so far this year. While the growth has been uneven, 2017 has seen the strongest first three quarters since 2011. Also in September, Vermont’s unemployment rate ticked down to 2.9 percent, the lowest level since December 2000.

Killington to celebrate World Cup with DISPATCH as headliner Nov 25

Sun, 10/22/2017 - 6:23am -- tim

Vermont Business Magazine Vermont’s Killington Resort, the largest ski and snowboard destination in Eastern North America, has announced that the band Dispatch will headline a robust music and entertainment lineup to celebrate the return of the Audi FIS World Cup. Dispatch, who formed while attending Vermont’s Middlebury College, will return to their Green Mountain State roots for the free concert on Saturday, November 25 at Killington’s K-1 Base Area. Known as one of the biggest independent rock bands in history, Dispatch hit a major career milestone when they played an outdoor concert in Boston that drew over 110,000 people and were dubbed by Rolling Stone as the hosts of the largest independent music event ever.  Dispatch is returning to the road with their first national tour in five years and their Audi FIS World Cup concert at Killington is their only scheduled appearance in the state of Vermont.