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NUVO Bank shareholders approve $21.8 million Merchants Bank merger

Wed, 09/30/2015 - 1:46pm -- tim

Vermont Business Magazine At a special meeting held today, the shareholders of NUVO Bank & Trust Company of Springfield, MA, overwhelmingly voted to approve the merger agreement between NUVO and Merchants Bancshares, Inc (NASDAQ: MBVT), the parent company of South Burlington, Vermont-based Merchants Bank, and the related bank merger agreement between NUVO and Merchants Bank pursuant to which Merchants Bank will acquire NUVO for or approximately $21.8 million in stock and cash. The deal was first announced last April..

VBM recognizes Vermont’s Rising Stars Class of 2015

Wed, 09/30/2015 - 11:59am -- tim

Vermont Business Magazine is proud to announce the winners of its Rising Stars recognition award. The list is comprised of 40 winners under the age of 40. Award recipients were selected by a panel of judges for their commitment to business growth, professional excellence and involvement in their communities. Vermont Business Magazine will honor Vermont's most accomplished young leaders at the Rising Stars dinner on November 5th. The dinner will be held at the Hampton Inn Burlington Hotel in Colchester. The honorees will also be featured in the November issue of Vermont Business Magazine.

USDA grants to bolster Vermont’s food systems and rural entrepreneurs

Wed, 09/30/2015 - 11:33am -- tim

Vermont Business Magazine The US Department of Agriculture (USDA) announced Tuesday that seven Vermont non-profits received a total of $204,000 in grants through USDA Rural Development’s Rural Business Development Grant (RBDG) Program to support the start-up or expansion of rural Vermont businesses. “Emerging and developing businesses are the backbone of Vermont’s economy and our rural communities,” said USDA Rural Development Vermont State Director Ted Brady, “These seven Rural Business Development Grants will invest in our state’s local food systems, our tourism economy a

Vermont gets over $1 million for state energy credits auction

Wed, 09/30/2015 - 11:23am -- tim

Vermont Business Magazine Deb Markowitz, Secretary of Vermont's Agency of Natural Resources, announced the result of the Regional Greenhouse Gas Initiatives' (RGGI) 29th auction of CO2 allowances. Vermont uses the proceeds from RGGI auctions to support Vermont's energy efficiency programs.  Markowitz said, "I am pleased to report that the latest RGGI auction is the most successful to date, with $1,156,675 coming to Vermont from the sale of 192,139 allowances."

Casella in proxy fight, shareholders meeting November 6

Tue, 09/29/2015 - 2:33pm -- tim

by Timothy McQuiston Vermont Business Magazine Casella Waste Systems, Inc is attempting to fend off one of its investors in a shareholders proxy fight that could result in Chairman and CEO John Casella being removed from the board of directors. JCP Investment Management, LLC, a small investment firm based in Houston, TX, holds just over a 5 percent stake in the Vermont-based firm.

Court records shed light on DVHA chief’s role in 38 Studios deal

Tue, 09/29/2015 - 10:55am -- tim

by Morgan True Newly released court documents show that Department of Vermont Health Access Commissioner Steven Costantino was aware that money in a loan-guarantee program he crafted as a lawmaker in Rhode Island was being set aside for the now bankrupt video game designer 38 Studios. In 2010, as chair of the Rhode Island House Finance Committee, Costantino helped craft and guide the passage of a $125 million loan guarantee program.

Keurig Green Mountain launches Keurig KOLD

Tue, 09/29/2015 - 9:38am -- tim

by Timothy MCQuiston Vermont Business Magazine With much riding on it, Keurig Green Mountain, Inc today announced the launch of the Keurig KOLD system, the first beverage system that allows consumers to freshly make cold sparkling and still beverages at home at the push of a button, including beloved favorites from The Coca-Cola Company and Dr Pepper Snapple Group. Keurig KOLD - the first personal cold beverage system that offers a wide variety of consumers' favorite beverages like Coca-Cola, Diet Coke, Dr Pepper and Canada Dry, plus new discoveries, fresh-made at home, at the push of a button. Unlike rival SodaStream, the Keurig KOLD system does not employ a separate CO2 container to create the seltzer in the carbonated beverages.

Inflammatory response may fan the flame of dietary fats’ role in obesity-related diseases

Tue, 09/29/2015 - 9:02am -- tim

Vermont Business Magazine An enhanced inflammatory response could be the key link between high saturated fat intake – a recognized risk factor for obesity-related disorders – and the development of diseases like type 2 diabetes and atherosclerosis. A new study led by a University of Vermont researcher in the Journal of Nutritional Biochemistry demonstrates that ingesting fats similar to those in a Mediterranean-type diet, featuring low saturated fat and high monounsatur

Stern Center becomes first program in Vermont to receive International Dyslexia Association accreditation

Tue, 09/29/2015 - 5:09am -- tim

Vermont Business Magazine The Stern Center for Language and Learning has recently become the first teacher training program in Vermont to be accredited by the International Dyslexia Association (IDA). The accreditation is a result of the decision by the IDA to accredit all certified Academy of Orton-Gillingham Practitioners and Educators (AOGPE) programs based on the alignment of AOGPE’s training with IDA’s Knowledge and Practice Standards for Teachers of Reading. 

Vermont drug take back day nets largest haul ever

Tue, 09/29/2015 - 4:01am -- tim

Vermont Business Magazine Governor Peter Shumlin announced Monday that 5,800.4 pounds of prescription drugs were collected this past Saturday during the drug take back initiative in Vermont, representing the largest haul in the history of similar efforts in the state. Vermont’s drug take back day was part of a nationwide effort led by the Drug Enforcement Administration (DEA) in partnership with local and state law enforcement to ensure the safe disposal of unwanted, unneeded, or expired prescription drugs.