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Vermonters celebrate new law legalizing sampler flights of beer, wine and liquor

Mon, 07/21/2014 - 12:11pm -- tim

Just prior to the start of the 2014 Vermont Brewers Festival, a sold-out event this past weekend that drew thousands to Burlington’s Waterfront to celebrate the state’s craft beer industry, Governor Peter Shumlin was joined today by lawmakers, restaurant and bar owners, and distributors to celebrated a new law legalizing sampler flights of beer, wine and spirituous beverages.

CVMC main parking entrance closed starting July 22

Mon, 07/21/2014 - 5:01am -- tim

Starting at 7 am Tuesday July 22 the main entrance road to Central Vermont Medical Center on Fisher Road in Berlin (at the traffic light to the mall) will be closed for reconstruction and repaving of the entrance road.  There will be a temporary entrance road between Buildings C and D. This will be well marked and there will be officers and flaggers to help direct traffic. The main entrance to the Emergency Department off of Fisher Road will remain open

Fitch upgrades Fletcher Allen Health Care's bond rating to ‘A-‘, outlook 'stable'

Fri, 07/18/2014 - 1:46pm -- tim

Fletcher Allen Health Care announced today that Fitch Ratings, one of the major New York City-based bond rating services, has upgraded the institution’s bond rating from  'BBB+' to ‘A-’ with a “Stable” outlook. Fitch based its decision not only on Fletcher Allen’s financial performance but also on the way that Fletcher Allen Partners was successfully able to integrate the New York-based hospitals into the system without any negative impact on the system’s operating or financial metrics.

Opinion: Despite EPA 'pass,' Vermont faces carbon reduction challenges

Fri, 07/18/2014 - 1:38pm -- tim

by Guy Page State officials celebrated Vermont getting a “pass” after the US EPA announced June 2 its state-by-state plan to reduce power-related carbon emissions 30% nationwide by 2030. Lacking any full-time fossil-fuel powered electricity generating plants, it is not surprising that Vermont is exempt from the new rule. While this may seem like a victory for the Green Mountain State, our energy policy has actually left us “browner,” more vulnerable to price increases from the new rule, and virtually powerless over how our electricity is generated.

Vermont Housing & Conservation Board grants $384,000 for Vermont dairy farm infrastructure improvements

Fri, 07/18/2014 - 11:27am -- ayla

Gov. Peter Shumlin joined members of the Vermont Farm & Forest Viability Program (VFFVP) on the Sizen Farm Thursday to announce $384,831 in grant awards to 17 farmers for projects to construct, expand, repair or upgrade facilities to improve herd management, working conditions, and cow health.

Vermont unemployment rate rises to 3.5 percent in June

Fri, 07/18/2014 - 11:20am -- tim

Vermont Business Magazine All the key metrics were negative last month as the Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for June 2014 was 3.5 percent. This represents an increase of two-tenths of a percent from the previously reported May rate (3.3 percent). The equivalent national average was 6.1 percent, which decreased by two-tenths of a percent from the previous month’s estimate.

Citizens Bank awards $60,000 to six organizations in Vermont and NH

Fri, 07/18/2014 - 5:37am -- tim

Citizens Bank announced today that it will award $60,000 to six organizations in Vermont and New Hampshire as part of the Citizens Helping Citizens Manage Money initiative. Overall, the bank is donating $1.5 million to nonprofits supporting financial education across its 11-state footprint. The selected organizations were chosen in a competitive application process announced in April based on their track record of success providing financial education programs, a need for financial support and a demonstration to incorporate sustainability in their future plans.

They are:

Baker: How to pay for your child’s college education

Fri, 07/18/2014 - 5:36am -- tim

by Don Baker, President, Vermont Market, KeyBank When we talk about the cost of college education and student loan debt, we often talk in terms of rising tuition rates and the total amount of money borrowed by recent graduates. We do this for good cause: the cost of college is becoming unaffordable for too many students, and the average amount of debt — $29,400 per borrower, according to the Institute for College Access & Success — is a heavy burden for our youngest workers.

Vermont home sales up in June, prices down

Thu, 07/17/2014 - 4:59pm -- tim

Vermont home sales were up in June, while median prices fell slightly as the market in the state and in the region showed a modest increase. In New England, year-over-year home sales increased 1.6 percent according to The RE/MAX of New England June Monthly Housing Report. This is the first month of recorded increases following five consecutive months of year-over-year declines in 2014. Pending sales were up 33.9 percent over June 2013.

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