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BioTek Instruments named ‘Vermont Business Growth Award’ winner

Sat, 07/29/2017 - 2:32am -- tim

Vermont Business Magazine BioTek Instruments will be recognized as a 2017 Vermont Business Growth Award winner at a ceremony to be held September 12, 2017, at The Sheraton Hotel & Conference Center, in Burlington, VT. This award is sponsored by Vermont Business Magazine and KeyBank, and is presented to the five Vermont businesses that have experienced the greatest growth over the past five years in various business categories.

Ledyard Financial declares 48-cent quarterly dividend

Fri, 07/28/2017 - 5:46pm -- tim

Vermont Business Magazine Ledyard Financial Group (Ticker Symbol: LFGP) announced today a regular quarterly dividend of $0.48 payable September 1, 2017 to shareholders of record as of August 11, 2017. Ledyard Financial Group, Inc., headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank. Ledyard National Bank, founded in 1991, is a full service community bank offering a broad range of banking, investment, tax and wealth management services.

Nichols named executive VP and CFO of the Brattleboro Retreat

Fri, 07/28/2017 - 5:06pm -- tim

Vermont Business Magazine The Brattleboro Retreat has appointed Arthur W Nichols as the hospital’s new Executive Vice President and Chief Financial Officer (CFO). “We’re excited to bring in a person of Art’s caliber,” said Louis Josephson, president and chief executive officer.  “The Retreat is getting a great leader who I know will play a key role in helping us achieve the financial goals we have set out in our new strategic plan.”

GMP, VT Fish and Wildlife, citizens install bat condo in Colchester

Fri, 07/28/2017 - 4:52pm -- tim

Vermont Business Magazine Green Mountain Power has partnered with Vermont Departments of Fish and Wildlife and Forests, Parks, and Recreation, and ctiizens, to install a new “bat condo” to give endangered little brown bats a safe habitat and help their recovery in Vermont. The bat condo was designed and created by Joe Gardner, who funded, built, and donated the structure, with assistance from Barry Genzlinger, bat house designer and licensed bat rehabilitator. It looks like a monitor barn set on top of power poles and will provide shelter to thousands of bats, provide a spot for raising young and provide safety from predators.

Weekly unemployment claims fall to a low 376

Fri, 07/28/2017 - 2:00pm -- tim

Vermont Business Magazine Weekly unemployment claims slightly again last week to a typically low summer-time level. Claims had been running higher than usual for the summer, but as of last week are lower than they have been for close to two months. Claims also are lower than they were the same time last year, which had been the usual case for most weeks in 2017 until recently. For the week of July 22, 2017, there were 376 claims, down 69 from the previous week's total and 263 fewer than than they were a year ago.

For NECCA, an end to an expensive stalemate — and a new beginning

Fri, 07/28/2017 - 11:46am -- tim

by Randolph T Holhut & Jeff Potter/The Commons, Brattleboro Months of turmoil that led to two weeks of crisis at the New England Center for Circus Arts was resolved last week with a new leadership team and the reinstatement of the nonprofit’s founders, whose firing precipitated a public outcry and a stalemate that brought NECCA’s operations to a standstill. The selection of the new leadership team was one of the key demands of a group of coaches that resigned shortly after the July 10 decision to terminate cofounders Elsie Smith and Serenity Smith Forchion.

UVM Foundation sets record, raises $135 million

Thu, 07/27/2017 - 4:40pm -- tim

Vermont Business Magazine The University of Vermont Foundation, in partnership with the UVM Medical Center Foundation, secured a record $135,692,313 in total new commitments pledged during the fiscal year that concluded on June 30, 2017. This achievement marks the fourth year in a row that the UVM Foundation has set a new institutional record for total commitments to support the University of Vermont and the UVM Medical Center.

Assistance sought for seven counties impacted by summer rain storms

Thu, 07/27/2017 - 4:33pm -- tim

Vermont Business Magazine Governor Phil Scott has requested federal disaster funds to assist communities in up to seven Vermont counties in paying for repairs to public infrastructure damaged in severe storms on June 29 through July 1. Communities in Addison, Bennington, Caledonia, Orange, Rutland, Washington, and Windsor counties sustained damages that meet or exceed minimum thresholds to qualify for a Public Assistance disaster declaration.

Hospital budgets show historic slow growth

Thu, 07/27/2017 - 4:01pm -- tim

Vermont Business Magazine The initial budget submissions by Vermont’s 14 non-profit hospitals continue the trend toward aligning health spending more closely with general economic growth, according to data made public today by the Green Mountain Care Board. This fiscal year, FY18, the submissions of an aggregate Net Patient Revenue (NPR) of 3.6% (just over the 3.4% target set by the Board; the difference equates to $4.7 million or .19% of a $2.5 billion

Apartments opened to address chronic homelessness, improve health

Thu, 07/27/2017 - 3:13pm -- tim

Vermont Business Magazine The Champlain Housing Trust, UVM Medical Center, community leaders and other partners came together Wednesday to celebrate the opening of the Bel Aire Apartments in Burlington’s South End. The former motel has been converted to eight apartments that will become home to 12-15 people. The new apartments, owned by the Champlain Housing Trust (CHT), will house people who have experienced chronic homelessness or who are living in unsafe conditions that would inhibit their ability to recover from a medical condition.