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Social media watchdog closes $3 million Series A financing round

Wed, 10/12/2016 - 3:00am -- tim

Vermont Business Magazine Social Sentinel, Inc, the Burlington-based leading service that alerts campus and community leaders to actionable threats shared publicly on social media has announced it has completed a $3 million Series A round of financing. Lerer Hippeau Ventures (LHV) of New York City joined Vermont-based FreshTracks Capital in the round. The investment will help the company aggressively expand sales and marketing efforts, as well as accelerate product development.

Calling all Writers! Submissions being accepted for Vermont Writers’ Prize

Tue, 10/11/2016 - 6:35pm -- Denise Sortor

Vermont Business Magazine Entries are being accepted for the Vermont Writers’ Prize, an annual competition sponsored by Green Mountain Power and Vermont Magazine that provides an opportunity for Vermont writers to showcase their talent. “We love that this contest inspires Vermonters to write about the wonderful state we live in,” said Dorothy Schnure, spokesperson for Green Mountain Power. “GMP is committed to supporting communities, and we are thrilled that this contest  encourages talented writers across the state.”

Movement Mortgage opens new office in Burlington, VT

Tue, 10/11/2016 - 6:29pm -- Denise Sortor

Vermont Business Magazine Movement Mortgage, with its innovative process and underwriting, is one of the nation’s fastest-growing mortgage lenders Burlington, VT — Movement Mortgage, LLC has opened a new branch office in Burlington, VT to serve the needs of homebuyers in Chittenden County and surrounding regions. Movement Mortgage has been recognized as the fastest-growing private mortgage bank in the US, powered by its innovative process and culture.

Weinberger, Clavelle push back against redevelopment foes

Tue, 10/11/2016 - 4:57pm -- tim

Vermont Business Magazine Mayor Miro Weinberger, joined by former Progressive Mayor Peter Clavelle, Progressive City Council President Jane Knodell, Democratic Councilor Joan Shannon, and Independent Councilor Dave Hartnett today announced the launch of a unity campaign in support of City ballot items #1, #2, #3, and #4 to make the City more affordable, sustainable, and vibrant. The campaign treasurer is former Mayor Peter Clavelle, and the chair is Councilor Dave Hartnett (North District). The campaign will co-ordinate its activities through the Partnership for Burlington’s Future, a campaign committee first organized by Mayor Weinberger in 2012 to advocate for local ballot questions.

Downtown Transit Center to offer gigabit wifi hotspot in Burlington

Tue, 10/11/2016 - 3:39pm -- tim

Vermont Business Magazine Burlington Telecom has partnered with Green Mountain Transit to provide free, gigabit-capable wifi to commuters and GMT employees using the new Downtown Transit Center, set to open on October 13. A reliable high speed Wi-Fi connection on the Downtown Transit Center platform will improve the customer experience, allowing passengers to use their wait time more effectively as they work, connect with friends, or download an e-book to enjoy on the ride.

Burlington Labs to pay $6.75 million to settle Medicaid false claims case

Tue, 10/11/2016 - 12:01pm -- tim

Vermont Business Magazine The State of Vermont, and Burlington Laboratories, Inc. and Burlington Labs, LLC (together “Burlington Labs”), have reached an agreement settling an investigation by the Medicaid Fraud and Residential Abuse Unit of the Office of the Attorney General into whether Burlington submitted false claims or received overpayments from the Vermont Medicaid Program. Burlington Labs will pay $6.75 million to settle potential claims under the Vermont False Claims Act.

McClaughry: All payer and the One Big Provider

Tue, 10/11/2016 - 11:58am -- tim

by John McClaughry Last week outgoing Governor Peter Shumlin made public the draft agreement he made with the Federal government’s Center for Medicare and Medicaid Services (CMS). Its goal is to dramatically change the way health care services are paid for in Vermont. And of course, if the method of payment is dramatically changed, there will be major changes in who provides the services, to whom, when, and where. The new All Payer Model is different from the Single Payer model enacted in 2011, but there are some troubling similarities. 

GE awards Burlington partnership $25,000 for substance abuse recovery and employment

Tue, 10/11/2016 - 11:48am -- tim

Vermont Business Magazine GE has awarded University of Vermont Medical Center and Burlington Labs, $25,000 to promote health and improve substance abuse recovery and employment in Burlington as part of the larger HealthyCities initiative, which is committed to bringing better health to more people throughout the US. Dartmouth-Hitchcock in Lebanon, NH, was also a grant recipient. GE announced today the nine winners of the HealthyCities Leadership Academy Open Innovation Challenge.

Sugarbush Resort employees commit to health and wellness

Tue, 10/11/2016 - 11:28am -- tim

Sugarbush Resort has been ramping up its commitment to employee health and wellness in recent years. Two years ago, the resort established a Health and Wellness Committee, inviting employees to have a voice in increasing the company’s commitment to personal health and wellness and environmental awareness. The resort has also taken a lead in encouraging and supporting athletic events that promote employee personal wellness.

Here’s a recent look at resort employee athletic endeavors:

Personal Income taxes up again, Corporate lags

Tue, 10/11/2016 - 11:02am -- tim

Vermont Business Magazine Personal Income tax revenues showed strength for the second consecutive month, after a long period of sluggish performance, which led General Fund revenues to a near-break even against expectations for September. Corporate tax revenue, which has been a strength the last few years, was below targets. Consumption revenues were all slightly down, except for motor vehicle purchases, which previously had been a weakness.