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Light bulb moment: Vermont defends EPA standards

Wed, 04/19/2017 - 7:54am -- tim

Vermont Business Magazine Vermont and six other states filed a motion Monday to intervene in a lawsuit to defend federal efficiency standards for light bulbs. In March, the National Electrical Manufacturers Association (NEMA) filed a lawsuit against the US Department of Energy (DOE), challenging the DOE’s new energy efficiency regulations for light bulbs.

“Energy efficiency makes sense. Not only for our environment but for Vermonters' bottom line,” said Vermont Attorney General TJ Donovan.

UVM achieves 20 percent 'Real Food' served in dining halls

Wed, 04/19/2017 - 6:25am -- tim

Vermont Business Magazine The University of Vermont has achieved the Real Food Campus Commitment, a university pledge signed in 2012 to track and increase responsible food sourcing on campus, three years ahead of schedule. The university had originally set out to meet the 20 percent Real Food milestone by 2020. To build on this momentum, UVM has renewed its commitment with a new goal of 25 percent by 2020.

Community invited to participate in 4-20 5K Run sponsored by UVM’s Wellness Environment

Wed, 04/19/2017 - 2:43am -- tim

Vermont Business Magazine Members of the University of Vermont’s Wellness Environment (WE) have a different idea about how to celebrate 4-20, a day (April 20) many college students use to flaunt marijuana laws: They’re using the occasion to promote healthy choices by staging a 5K run. More than 700 students, faculty and staff have already registered for the race. Organizers expect 1,000 to participate. 

Castanea Foundation acquires Exit 4 land from Sammis for $1.2 million

Tue, 04/18/2017 - 3:43pm -- tim

Vermont Business Magazine Two historic agreements will allow the protection of valuable farmland and the scenic gateway to Randolph. The Vermont Natural Resources Council announced today that Jesse “Sam” Sammis and his wife Jean “Jinny” Sammis have agreed to sell 149 acres of land off Exit 4 in Randolph to the Castanea Foundation for $1.2 million dollars for conservation purposes.

Burlington promotes e-buses as important part of net-zero plan

Tue, 04/18/2017 - 3:24pm -- tim

Vermont Business Magazine Mayor Miro Weinberger and Burlington Electric Department General Manager Neale Lunderville today promoted the benefits of zero-emissions battery electric buses (E-buses) for the City of Burlington during an event that began at Burlington Electric and continued with a ride through the City on an E-bus that is in town for a two-week pilot program with Green Mountain Transit (GMT). The 40-foot transit bus being tested would reduce GMT’s reliance on fossil fuels and avoid greenhouse gas emissions.

VHV Company becomes employee-owned

Tue, 04/18/2017 - 3:16pm -- tim

Vermont Business Magazine VHV Company, based in Winooski, announced today the establishment of an Employee Stock Ownership Plan (ESOP), which effectively transfers ownership of the company to all employees. David Brown, President of VHV Company, sold his ownership interest to the newly created Employee Stock Ownership Trust, allowing employees to gain the benefit of ownership without any personal investment. 

VHFA awards nearly $37 million in affordable housing tax credits

Tue, 04/18/2017 - 2:48pm -- tim

Vermont Business Magazine On Monday, April 17, the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal Low-Income Housing Tax Credits (LIHTC) and Vermont Affordable Housing Credits that will provide almost $37 million in upfront equity to construct and renovate housing for low-income Vermonters over the next several years.  The $2.5 million in ten-year federal capped credits, $610,000 in ten-year federal uncapped "bond" credits and $485,000 in five-year state credits will support the development of 272 affordable apartments in 11 communities across the state. VHFA permanent and construction financing totaling $7.2 million was also approved for 5 of the projects.

Phil Scott commemorates first 100 days in office

Tue, 04/18/2017 - 2:32pm -- tim

Vermont Business Magazine Governor Phil Scott today commemorated his first 100 days as Vermont’s 82nd Governor, thanking his staff and detailing priorities for the coming months. In a press release issued Tuesday, he shared his thoughts and outlined his administrations accomplishments through the first three months since he took office. The governor reiterated that he is committed to growing the economy, making Vermont more affordable, and protecting the most vulnerable, while focusing on initiatives that will help address those three core challenges.

Burlington to hold special election to fill Tom Ayres Ward 7 City Council seat on June 27

Tue, 04/18/2017 - 1:43pm -- tim

Vermont Business Magazine Burlington Mayor Miro Weinberger released the following statement regarding a Special Election for the Ward 7 City Council seat: “On Saturday, April 8, 2017, City Councilor Tom Ayres submitted a letter of resignation to the City effective June 26, 2017 at the conclusion of the City Council meeting that evening. Councilor Ayres has taken a job as the new Executive Director of Chandler Center for the Arts in Randolph, Vermont.

Burlington Town Center developer fires back after latest legal challenge

Tue, 04/18/2017 - 11:47am -- tim

Vermont Business Magazine Don Sinex, managing member of Devonwood Investors LLC and BTC Mall Associates LLC, the owner and developer of the Burlington Town Center, issued the following statement regarding the zoning permit appeal filed by a group of opponents attempting to block redevelopment of the Burlington Town Center: The opponents have filed various challenges along the way and have focused their appeals on the 14-story height of some of the new complex as out-of-scale to the rest of Burlington. The project recently received private financing and has been approved by local zoning officials and by voters in March. This new appeal has gone to the Vermont Superior Court Environmental Division.

Vermont business tax burden one of the highest in US

Tue, 04/18/2017 - 11:30am -- tim

Vermont Business Magazinie Vermont once again has one of the highest business tax burdens in the nation, according to new analysis by Anderson Economic Group (personal income taxes are due today, Tuesday April 18). The study, which ranks states based on the portion of business income that goes toward taxes, found that 12.6 percent of Vermont businesses profits go toward taxes, placing the state at 48th out of 51 states including the District of Columbia. The study also ranks states on 11 different types of business taxes and shows that Vermont has one of the highest business property and unemployment compensation tax burdens nationwide.