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Vail CEO and wife give $100,000 to Stowe Land Trust

Fri, 04/28/2017 - 4:22pm -- tim

Vermont Business Magazine Vail Resorts CEO Rob Katz and his wife, Elana Amsterdam, made personal contributions totaling $1.6 million to eight local non-profit organizations in the communities in which the company operates. Among the recipients is the Stowe Land Trust, which will receive $100,000. The contributions build on the couple's previous commitments to those who are most in need in the company’s resort communities. Vail and Stowe Mountain Resort announced in February that Vail would buy the ski operations at Stowe for $50 million.

Property tax battle looms over $26 million

Fri, 04/28/2017 - 3:27pm -- tim

Vermont Business Magazine House Republican Leader Don Turner (R-Milton) and the Vermont House Republican Caucus announced today that they will spend the remainder of the 2017 Legislative Session fighting to save Vermont Property Taxpayers up to $26 million annually through proposed VEHI savings. The result is that the Legislature, which is on the fast-track toward adjournment, could linger in session beyond its mid-May target.

Jim Douglas to give commencement speech at College of St Joseph

Fri, 04/28/2017 - 3:12pm -- tim

Vermont Business Magazine College of St Joseph has announced that former Vermont Governor Jim Douglas will deliver the commencement address at the College’s graduation ceremony on Saturday, May 13. Douglas is a native of Springfield, Mass. and is a graduate of East Longmeadow High School and Middlebury College, where he earned a Bachelor’s Degree in Russian Studies. 

Weekly unemployment claims spike over 1,100

Fri, 04/28/2017 - 12:18pm -- tim

Vermont Business Magazine The end of the ski season has taken its toll. After weekly unemployment claims fell by over a hundred the previous week, claims increased by nearly 500 to push the total over 1,100. This was still lower than the same time last year. As expected, by industry, Services reported the most claims (61 percent of the total), while Manufacturing also increased (148 up from 69). Services typically reports the most claims.

Janette Bombardier appointed to Vermont State Colleges Board of Trustees

Fri, 04/28/2017 - 11:14am -- tim

Vermont Business Magazine Vermont State Colleges System Board of Trustees Chairwoman Martha O’Connor announced today that Governor Scott has appointed Janette Bombardier to the system Board.  Bombardier joins the system’s 14-member board that is integrally involved with strategic planning, governance and financial matters for the five-college system. Bombardier is Senior Vice President of Regulatory and Financial Affairs for Green Mountain Power and the former Vice President of Site Operations for GLOBALFOUNDRIES (formerly IBM) Vermont and East Fishkill, NY.

State, Saint-Gobain strike deal on initial waterline work in Bennington

Fri, 04/28/2017 - 10:32am -- tim

Vermont Business Magazine Vermont Governor Phil Scott, Attorney General TJ Donovan, Senator Dick Sears, and Bennington legislators Senator Brian Campion, Representative Mary Morrissey, Representative Tim Corcoran, Representative Kiah Morris, and Representative Rachael Fields on Thursday issued a joint statement announcing that Saint-Gobain will fund the early-stage design work for extending a waterline to bring municipal water to those whose wells were contaminated by PFOA. Saint-Gobain bought the former Chemfab plant in North Bennington near Bennington College in 2000 and closed it in 2002. The former plastics plant has been blamed for the possible carcinogen PFOA being found in February 2016 in nearby wells. Saint-Gobain is also in court with the state claiming that the state's contamination level of 20 parts per trillion is too low a standard for PFOA.

Vail to bring in own people to lead Stowe

Fri, 04/28/2017 - 9:45am -- tim

Vermont Business Magazine The following statement was issued by Vail Resorts Friday morning on behalf of Blaise Carrig, Vail Resorts Mountain Advisor: "As a result of the pending acquisition of Stowe Mountain Resort by Vail Resorts, and in coordination with AIG, the resort’s operations are being divided between the Mountain Operations, Real Estate Development and Lodging segments.

Vail VP Bobby Murphy to lead Stowe Mountain Resort

Fri, 04/28/2017 - 9:28am -- tim

Vermont Business Magazine Vail Resorts, Inc (NYSE: MTN) announced today the appointment of Bobby Murphy as the new vice president and general manager of Stowe Mountain Resort, effective at acquisition close, expected in June. The 2016-2017 ski season marks Murphy’s 30th year in the ski industry. Spanning three decades, Murphy’s career has demonstrated a commitment to the local resorts and communities where he has worked and resided.

April 29 is National Prescription Drug Take Back Day

Fri, 04/28/2017 - 5:37am -- tim

Vermont Business Magazine More often than not, the misuse of drugs begins right at the family medicine cabinet - where prescription painkillers may sit long after they are needed. These are Vermont's most dangerous leftovers, and state health and public safety officials want Vermonters to know there's something they can do about it. This Saturday April 29, from 10:00 a.m. to 2:00 p.m. communities throughout Vermont will host collection sites where people can safely - and anonymously - drop off their expired, unused or unwanted medications as part of National Prescription Drug Take Back Day.

Vermont drivers best of the worst

Fri, 04/28/2017 - 4:41am -- tim

Vermont Business Magazine Drivers in the Northeast are the worst in the nation, according to a national report, but Vermont is the notable outlier. Vermont drivers are just outside the top five best in the US, scoring an 87 grade. New Hampshire (74), meanwhile, is among the top five worst overall, as they are known for their lead-footedness. EverQuote, Inc, the leading online insurance marketplace in the US, reported the findings from its 2017 Safe Driving Report. The study provides a state-by-state safe driving analysis by examining EverDrive driving data from more than 20 million vehicle trips and 230 million miles driven.

United Way of Northwest Vermont names Jesse Bridges CEO

Fri, 04/28/2017 - 4:20am -- tim

Vermont Business Magazine The Board of Directors of the United Way of Northwest Vermont has appointed Jesse Bridges as Chief Executive Officer effective May 30, 2017. Bridges is currently Director of the City of Burlington Parks Recreation & Waterfront Department. Bridges replaces Martha Maksym and interim Director Molly Lambert at the helm of the regional nonprofit, whose mission is “to build a stronger Northwest Vermont by mobilizing our community to improve people’s lives.”

Leahy leads bipartisan coalition on reforms to counter rising prescription drug prices

Thu, 04/27/2017 - 4:58pm -- tim

Vermont Business Magazine Top leaders on the Senate and House Judiciary Committees led by Senator Patrick Leahy (D-Vermont) on Thursday introduced legislation Tuesday to combat anticompetitive practices used by some brand-name pharmaceutical and biologic companies to block entry of lower-cost generic drugs.  The Creating and Restoring Equal Access to Equivalent Samples (CREATES) Act would deter pharmaceutical companies from blocking cheaper generic alternatives from entering the marketplace.