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Vermont seniors have 15th-largest income gap

Tue, 05/24/2016 - 5:08am -- tim

Vermont Business Magazine Vermont has the 15th-largest gap between senior citizens’ incomes and 45-64 year-olds’ incomes, according to a new report. Financial experts’ rule of thumb is that retirees need 70 percent of the income that they earned during their working years. Vermont fell well short: Residents who are 65 and older have a median annual income that’s just 57 percent of the median annual income earned by the state’s 45-64 year-olds.

UVM Medical Center remains in top national ranks for supply chain excellence

Tue, 05/24/2016 - 4:16am -- tim

Vermont Business Magazine Vizient, Inc, the largest member-owned health care company in the US, has chosen the University of Vermont Medical Center to receive its President’s Award of Honor for performance-related achievements in supply chain during 2015.  To qualify for the President’s Award, organizations must be winners in at least two subcategories, which in the case of UVM Medical Center were overall supply chain excellence and sustainability excellence. The only other winner of the President’s award is the Yale New Haven Health System.

UVM to host cannabis speaker series Webinar starting May 25

Tue, 05/24/2016 - 3:42am -- tim

Vermont Business Magazine The University of Vermont is organizing a free, online cannabis speaker series featuring five academic experts in medicine, botany, business, and policy. The series, presented by UVM Continuing and Distance Education and the UVM College of Medicine, will be May 25, June 8, June 22, and July 13. Featured speakers—all from UVM—include Monique McHenry, PhD, Karen Lounsbury, PhD, Kalev Freeman, MD, PhD, Wolfgang Dostmann, PhD, and Willy Cats-Baril, PhD.

Gail Sheehy urges UVM Class of 2016: 'Dare to care'

Mon, 05/23/2016 - 5:24pm -- tim

Vermont Business Magazine Famed author Gail Sheehy spun out a commencement address to the University of Vermont's Class of 2016 that transported her audience back to the UVM alumna's own college days in the late 1950s, put them on the presidential campaign trail in 1968, and dared to ponder the essential definition of humanity in our technological age. Putting a new spin on French philosopher Rene Descartes' famous phrase "I think, therefore I am," Sheehy told the grads, "Today, we may better define what sets us apart as humans with a different declaration: 'I care, therefore I am.' Caring may be the key to establishing the unity of mankind."

VEDA approves $6.8 million in economic development financing

Mon, 05/23/2016 - 4:44pm -- tim

Vermont Business Magazine The Vermont Economic Development Authority (VEDA) announced tdoay that it has approved financing of $6.8 million to help Vermont economic development projects totaling $21.4 million move forward. “VEDA is pleased to help Vermont businesses and farms bring their startup and expansion plans to fruition,” said VEDA CEO Jo Bradley.  “The breadth of economic development projects approved for VEDA financing is impressive, covering everything from manufacturing to farm projects, small business startups and energy generation projects.”

Scott, Benning, Turner call for halt in exempt appointee transfers

Mon, 05/23/2016 - 4:39pm -- tim

Vermont Business Magazine In response to reports of Governor Shumlin’s Administration trying to transfer exempt appointees into full-time classified positions, Lieutenant Governor Scott, Senator Joe Benning (R-Caledonia) and Representative Don Turner (R-Milton) wrote the following letter  to Vermont Department of Human Resources Commissioner Maribeth Spellman requesting an immediate halt to any such action.

USDA provides more than $8 million to 19 Vermont organizations

Mon, 05/23/2016 - 3:16pm -- tim

Vermont Business Magazine The US Department of Agriculture (USDA) announced Monday it has awarded 19 essential community anchor organizations with more than $8 million in direct loan, guaranteed loan and grant funding. Vermont and New Hampshire USDA Rural Development State Director Ted Brady announced the recipients during a ground breaking for an expansion of the Poultney Public Library, which received a $50,000 grant.

Heidi Scheuermann to run for re-election

Mon, 05/23/2016 - 2:39pm -- tim

Vermont Business Magazine Heidi Scheuermann (R-Stowe) announced today that she will run for re-election to the Vermont House of Representatives. Scheuermann had in past years considered a run for statewide office. She said there is much work to do in Montpelier in regards to state spending and management. With a new governor, lieutenant governor, Speaker, and Senate president coming in, as well as several new legislators, Scheuermann said she's looking forward to working with the new leadership.

Governor signs law to protect and expand access to no-cost birth control

Mon, 05/23/2016 - 2:22pm -- tim

Vermont Business Magazine With important Obamacare provisions that ensure no-cost birth control for women being challenged nationwide, Governor Peter Shumlin today signed a law to codify and expand access to those services in Vermont law. Importantly, the law will ensure that vasectomies for men are available with no charge, making Vermont the first state to extend no-cost birth control protections to men.

Tourism sector moves on from winter

Mon, 05/23/2016 - 7:20am -- tim

by C.B. Hall Vermont Business Magazine With a frustrating ski season receding into the past, Vermont's tourism sector is turning attention to how well it will fare as the rest of 2016 unfolds. Were there underlying factors this winter, beyond the weather, that are poised to take a bite out of summer travel, too? Or will tourism rebound as the gray landscape takes on a vernal green?

Smith: Leahy hiding from sunshine

Mon, 05/23/2016 - 6:33am -- tim

by Mike Smith Being a US senator is a heady job. It provides stature, power and privilege that few Vermonters will ever enjoy or can even relate to. In fact, it is such a lofty position senators are often insulated from the public and media by large staffs and the considerable geographic distance between the home press corps and their official duties. As a result, US senators can become easily annoyed when challenged or just routinely questioned by the media, a constituent, or even a political opponent, and sometimes can lose sight of what is the right thing to do.