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Ed Colodny Named Honorary Chair of VSO Endowment Campaign

Wed, 02/25/2009 - 9:39am -- tim

Ed Colodny, long-time member of the Vermont Symphony Orchestra board was recently named honorary chair of the VSO Endowment Campaign. In January, the VSO governing board announced that it has launched a major campaign to raise $3.5 million, and that it had already raised $2.6 million toward that goal.
“The VSO is so vital to the cultural--and economic--well-being of Vermont,” Colodny says. “Can you imagine the void if the VSO were not here? I am honored to serve as honorary chair of this effort, and ask all who benefit from the VSO to join in this important campaign.”

$14.7 million in business development approved by VEDA

Mon, 02/23/2009 - 12:48pm -- tim

The Vermont Economic Development Authority (VEDA) has approved $14.7 million in business, agricultural and energy conservation financing for projects throughout Vermont totaling $17.3 million.
“Especially during these difficult economic times, VEDA is pleased to help businesses expand, support investments in energy conservation measures, and provide assistance to Vermont farmers in their efforts to sustain and strengthen their operations ” said Jo Bradley, VEDA’s Chief Executive Officer.
Approved for VEDA financing assistance are:

Risky business good for Vermont

Mon, 02/23/2009 - 10:11am -- tim

Captive insurance industry tends to be counter-cyclical, lawmakers consider beneficial provision
Amid the gloom enshrouding Vermont's economy, one bright spot stands out: the captive- insurance sector. In fact, its glow may grow even brighter in the coming year, despite the dimming prospects for an early recovery.

Skydiver crashes into power line, but escapes unharmed

Mon, 02/23/2009 - 6:11am -- tim

Related Company: Central Vermont Public Service CorpA Massachusetts skydiver participating in the Brattleboro Winter Carnival crashed into a 7,200-volt power line Saturday, but walked away unharmed.
“I’ve never seen anything like it in my entire career,” said Dave Miller, operations supervisor for Central Vermont Public Service’s Brattleboro District. “He is one of the luckiest people I’ve ever met.”

UVM Announces Layoffs, $10.8 Million Cut From FY 2010 General Fund Budget

Fri, 02/20/2009 - 9:57am -- admin

Related Company: University of VermontToday the University of Vermont announced details of its plan to cut $10.8 million from next year's general fund budget. The University is eliminating vacant positions, increasing student/faculty ratios modestly to achieve a long-planned target, curtailing some administrative programs, and making a limited number of layoffs. In addition to cuts in the University's general operating budget, reductions are also being implemented in income/expense activities supported by non-tuition fees and other income.

Another new hotel proposed for Burlington

Fri, 02/20/2009 - 8:24am -- tim

The Burlington Harbor Hotel Group has obtained preliminary permits for a new hotel, to be built at 41 Cherry Street in the last remaining lot in Burlington's 40-year urban renewal. Construction of the 121-room hotel could begin in September, pending final zoning approval from Burlington regulators. The development plan also includes a 31-room expansion to the adjacent Courtyard by Marriott. Mayor Bob Kiss and developer Jay Canning of the Hotel Group have said the project will bring jobs and eventually income to the city.

Governor addresses permit reform at weekly press conference

Fri, 02/20/2009 - 7:49am -- tim

Related Company: Snyder HomesPaul Frank + Collins P.C.With several representatives for various building, construction and realty organizations present, Governor Jim Douglas (during his weekly press conference yesterday) called for enhanced efforts to help build the economy and grow Vermont jobs by embracing his proposed Economic Growth Plan. One of the critical components of the plan is permit reform.