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Governor Peter Shumlin reflects on legislative session

Sun, 05/17/2015 - 11:45am -- tim

Progress for Vermont

by Governor Peter Shumlin We convened the legislative session in January with the goal of making this economy work for every single Vermonter and resolving the challenges that undermine our quality of life. It was an agenda focused on jobs, quality of life, our environment, and making Vermont a place that works for everyone, not just those who are already doing well. Five months later, we have taken great steps toward that goal.

UVM breaks ground for STEM complex, largest capital project in university history

Sun, 05/17/2015 - 6:04am -- tim

The University of Vermont officially broke ground May 15 on its $104 million STEM project, the largest capital project in UVM history. Speakers at the event included Governor Peter Shumlin, who has urged the university to produce more STEM graduates to meet the needs of Vermont’s high-tech sector, as well as Burlington Mayor Miro Weinberger, UVM Board of Trustees chair Deborah McAneny, president Tom Sullivan, doctoral student Lane Manning, and Richard Bundy, president and CEO of the University of Vermont Foundation.

Vermont Legislature passes economic development bill

Sat, 05/16/2015 - 10:53pm -- tim

Lieutenant Governor Phil Scott issued the following statement in response to the House and Senate passage of S138. “Paving the way toward a more prosperous future for Vermont requires putting our full focus on growing the economy," Scott said. "Today, with the passage of S138, the Vermont House and Senate took a solid first step down that path.

University of Vermont to celebrate 214th Commencement Sunday on the Green

Sat, 05/16/2015 - 8:09am -- tim

The University of Vermont will celebrate its 214th Commencement on Sunday, May 17. Since Sunday’s forecast calls for pleasant weather, the University Commencement Main Ceremony and College of Arts and Sciences Ceremony will take place outdoors on the University GreenGraduates and guests are urged to dress appropriately for the weather. Tickets are not required.

Nina Totenberg, National Public Radio Legal Affairs Correspondent, will deliver the commencement address at the Main Ceremony.

Berkshire Bank announces Vermont couple winner of 'Free Gas for a Year' sweepstakes

Sat, 05/16/2015 - 4:06am -- tim

Berkshire Bank, America’s Most Exciting Bank®, has announced its winner for “Get Pumped Gas for a Year Sweepstakes.”  David and Terrie Churchill of North Clarendon, VT were awarded $2,000 as the winners of the Get Pumped Sweepstakes.  More than 2,600 entries were received for the sweepstakes, which included consumers applying for a new or used auto loan, website entries and Berkshire Bank customers with current auto loans.  

Weekly unemployment claims unchanged, low

Fri, 05/15/2015 - 4:34pm -- tim

Vermont Business Magazine after three weeks of tumult, weekly unemployment claims in Vermont showed little change last week. For the week, there were 504 new, regular benefit claims for Unemployment Insurance in Vermont, a decrease of 11 from the previous week's total and 32 fewer than they were a year ago. Generally, claims have been running below last year's totals.

UVM physicist helps create world's smallest faucet

Fri, 05/15/2015 - 2:00pm -- tim
Quantum physics on tap: Nano-sized faucet offers experimental support for longstanding quantum theory

We all know intuitively that normal liquids flow more quickly as the channel containing them tightens. Think of a river flowing through narrow rapids. But what if a pipe were so amazingly tiny that only a few atoms of superfluid helium could squeeze through its opening at once? According to a longstanding quantum-mechanics model, the superfluid helium would behave differently from a normal liquid: far from speeding up, it would actually slow down.

Tax, budget and health care bills stall

Fri, 05/15/2015 - 12:53pm -- tim

by Anne Galloway Negotiations fell apart Thursday night on the budget, tax and health care bills, even as lawmakers got closer to the new magic number: $30 million. That’s the amount budget-writers need in revenue to fill a remaining gap in the General Fund. The number has dropped from $35 million just a few days ago as lawmakers continue to scrub the budget for more savings.

FairPoint to close South Burlington call center, to lay off 260 systemwide

Fri, 05/15/2015 - 10:34am -- tim

by Timothy McQuiston Vermont Business Magazine FairPoint Communications, Inc (Nasdaq: FRP), this morning announced workforce restructuring actions that will result in a reduction of approximately 260 positions across the 17 states in which it operates, including the closing of its call center in South Burlington, Vermont. A union representative said 73 unionized workers in Vermont (22 percent) will lose their jobs.