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PC Construction awarded $25 million design-build project for UNH Athletics

Fri, 10/17/2014 - 9:55am -- tim

After a comprehensive selection process, the University of New Hampshire has chosen the design-build team of Populous, Lavallee Brensinger Architects, and PC Construction for the new $25 million athletic complex slated to open in the summer of 2016. The new four-story stadium will feature tiered seating for 11,500 and include dedicated levels for concessions and restrooms, a president’s suite, press and club boxes with a common multi-purpose stadium club room, a gateway entry with ticket sales building, and a pedestrian concourse.

What job is most unique to Vermont?

Fri, 10/17/2014 - 5:03am -- tim

Vermont Business Magazine It should come as no surprise that in California the "most unique" jobs are held by actors, that in Connecticut it's actuaries (who get paid a lot more), in DC it's political scientists (who get even more) and that in North Dakota it's derrick operators (who get less). But in Vermont the "most unique" job is maple surgarer? dairy farmer? solar panel installer? health care worker?

New Vermont Castings owner reveals Q3 2014 results

Fri, 10/17/2014 - 3:50am -- tim

Vermont Business Magazine HNI Corporation (NYSE: HNI) has announced sales for the third quarter ended September 27, 2014, of $614.7 million and net income of $33.6 million, or $0.74 per diluted share. Non-GAAP net income per diluted share improved 33 percent from the prior year quarter to $0.81, which excludes restructuring and transition costs. HNI acquired Vermont Castings Group on October 1, 2014.

JK Adams celebrates 70th year, launches new website

Fri, 10/17/2014 - 3:36am -- tim

JK Adams, based in Dorset is celebrating its 70th anniversary and invites retailers and consumers to explore its new website and E-catalogue. The new website,, has been designed to provide a user-friendly experience with improved navigation and functionality throughout, allowing home cooks access to detailed product information and to view ideas for decorating their homes, entertaining and cooking.

Vermont wins top US domicile for captive insurance for second year

Fri, 10/17/2014 - 3:15am -- tim

The State of Vermont has again been awarded the top U.S. Domicile for “outperforming their competitors and demonstrating the highest levels of excellence over the past 12 months.” This is the second year that the State of Vermont has been honored with this award, which was presented by Captive Review Magazine during the US Captive Services Awards on October 6 at the Westin Chicago River North.

People's United Financial reports Q3 net income and operating earnings of $0.21 per share

Thu, 10/16/2014 - 4:32pm -- tim

People's United Financial, Inc. (NASDAQ: PBCT) today reported net income of $61.6 million, or $0.21 per share, for the third quarter of 2014, compared to $58.5 million, or $0.19 per share, for the third quarter of 2013, and $72.3 million, or $0.24 per share, for the second quarter of 2014.  Included in the second quarter's results is a net after-tax gain of $13.4 million ($0.04 per share) resulting from the formation of a merchant services joint venture.

Burton Snowboards partners with Smugglers’ Notch to bring snowboarding, and the science behind it, to ECHO in November

Thu, 10/16/2014 - 4:28pm -- tim

Snow’s arrival is inevitable here in Vermont and ECHO has found a way to embrace the inevitable! Thanks to a special partnership between Burton Snowboards, Smugglers’ Notch Ski Resort, with additional support from Blue Cross Blue Shield of Vermont, ECHO will be presenting a two-week long Burton Riglet Park Program, Saturday, November 1 through Sunday, November 16, including actual SNOW outside ECHO on Saturday, November 15! This program is specifically designed to accommodate children between 3 and 8 years old.

Merchants Bancshares declares 28 cent dividend

Thu, 10/16/2014 - 4:11pm -- tim

Merchants Bancshares, Inc (NASDAQ: MBVT), the parent company of Merchants Bank, announced that its Board of Directors declared today, October 16, 2014, a dividend of 28 cents per share, payable November 13, 2014, to shareholders of record as of October 30, 2014. This quarter represents its 72nd consecutive quarterly dividend payment and its 36th consecutive quarter at the current payout level.

Federal LIHEAP contribution will be $17.3 million

Thu, 10/16/2014 - 4:05pm -- tim

Vermont's congressional delegation announced Thursday that the federal government's contribution to the Vermont Low Income Home Energy Assistance Program (LIHEAP) will be $17,252,695. The new funding, from the US Department of Health and Human Services, is part of a nationwide release of $3.05 billion in LIHEAP funds to help struggling families heat their homes. The new funds represent about 90 percent of the funding approved for LIHEAP under the Continuing Appropriations Act signed into law early this year.

Vermont entrepreneurs invited to free workshops on bringing new technologies to market

Thu, 10/16/2014 - 2:44pm -- tim

This fall and winter the Vermont Small Business Development Center (VtSBDC) is presenting a series of free workshops for entrepreneurs and businesses around the state. The sessions are geared toward those who are developing new technologies and would like the know-how to bring their ideas to the marketplace. Scott Holson, VtSBDC’s technology commercialization advisor, will host several two-hour sessions in Springfield, St. Johnsbury, Middlebury and Winooski.

Vermont ranks fourth in 'afterschool' report

Thu, 10/16/2014 - 2:36pm -- tim

Vermont is one of six states new to the top 10 list in afterschool programs in 2014, according to America After 3PM, which conducted a national survey of parents. A strong afterschool participation number (24 percent, the national average is 18 percent) and an increase in the average time children spend in afterschool programs are contributing factors to Vermont’s fourth-place ranking. Strong parent satisfaction with their child’s afterschool program overall, the quality of care, and program cost are also drivers of Vermont’s entry into the top 10.

US winter forecast: Cold, snow to seize Northeast; wintry blasts to slick South

Thu, 10/16/2014 - 12:22pm -- tim

Vermont Business Magazine Vermonters can expect a winter similar to last winter. While it seemed many locals complained about its severity, the ski resorts enjoyed a good early- and a great late-season to post 4.5 million "skier days," which was the third best on record. AccuWeather reports that while parts of the Northeast and mid-Atlantic had a gradual introduction to fall, winter will arrive without delay.