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Weekly unemployment claims fall back to under 500

Sun, 07/24/2016 - 6:54am -- tim

Vermont Business Magazine Weekly unemployment claims fell again last week to a more typical, low summer level. However, claims in 2016 generally have been running above 2015 claims. For the week of July 16, 2016, there were 427 claims, down 113 from the previous week's total and 64 more than they were a year ago. By industry, claims were higher for the month and for the year for construction, but fell steeply for Manufacturing; Service, as is typical, carried the most claims. 

VPR nets three national awards for news coverage

Sat, 07/23/2016 - 6:28am -- tim

Vermont Business Magazine In late June, Public Radio News Directors Inc. and emcee Korva Coleman of NPR presented 173 awards to 72 organizations at its conference in St Louis for work done at stations and other outlets during calendar year 2015. Vermont Public Radio took home three of the awards for commentary, newscast, and arts feature. The annual PRNDI Awards is the only national competition devoted to rewarding outstanding local public radio news in a variety of categories.

Hike in Vermont unemployment rate to 3.2 percent seen as good news

Fri, 07/22/2016 - 10:39am -- tim

Vermont Business Magazine An increase in the Labor Force could indicate that potential workers are entering the workforce because of growth in the economy. At least that is one answer the state is offering to explain a rare increase in the jobless rate. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for June was 3.2 percent. This is a one-tenth of one percentage point increase from the revised May rate.

BioTek Instruments embarks on major site expansion

Fri, 07/22/2016 - 6:37am -- tim

Vermont Business Magazine BioTek Instruments, based in Winooski, celebrated the start of a $4 million, 22,000-square-foot facility expansion during a company-wide event on Monday, July 18, featuring honorable guests Vermont Senator Patrick Leahy, Congressman Peter Welch, Governor Peter Shumlin, and Lieutenant Governor Phil Scott. The increased space will be used to support the Company’s rapidly growing manufacturing and design needs, and once completed at the end of 2016, will also add a number of new jobs to the local economy.

Residents near Shaftsbury landfill to have wells tested, meeting Monday

Fri, 07/22/2016 - 5:24am -- tim

Vermont Business Magazine The Vermont Department of Environmental Conservation (DEC) provided an update today on bottled water availability for Shaftsbury residents living near the closed town landfill, and details on an upcoming informational meeting. Additional monitoring wells at the landfill and private drinking water wells within a quarter mile of the landfill will be tested over the next few weeks.

Merchants Bank supports Shelburne Museum with $5,000 sponsorship

Fri, 07/22/2016 - 4:22am -- tim

Vermont Business Magazine Merchants Bank is pleased to sponsor the Papering the Town: Circus posters in America exhibit at the Shelburne Museum. The $5,000 sponsorship shares circus posters from the 1800's and 1900's with guests through January 22, 2017. This is an exciting exhibit as some of these circus posters have not been displayed since becoming part of the Shelburne Museum's collection, due to their enormous size.

Secretary of State Jim Condos urges Vermonters to register and vote

Fri, 07/22/2016 - 3:28am -- tim

Vermont Business Magazine Secretary of State Jim Condos would like to remind all Vermonters that the deadline to register to vote in the August 9th Statewide Primary is Wednesday, August 3rd.“Voting is the very basis of our democracy,” said Secretary Condos, “I encourage everyone to get out and participate in Vermont’s Primary on August 9th.”

Merchants Bancshares reports Q2 2016 hike in EPS to $0.63, declares dividend

Thu, 07/21/2016 - 4:22pm -- tim

Vermont Business Magazine Merchants Bancshares, Inc (NASDAQ:  MBVT), the parent company of Merchants Bank, today announced net income of $4.4 million and $0.63 per diluted share for the second quarter of 2016 compared to net income of $3.5 million or $0.50 per diluted share in the first quarter of 2016 and $3.1 million in net income or $0.49 per diluted share in the second quarter of 2015.

UVM President Tom Sullivan appointed to elevated NCAA leadership position

Thu, 07/21/2016 - 4:04pm -- tim

Vermont Business Magazine University of Vermont President Tom Sullivan has been selected to serve as the Vice Chair of the National Collegiate Athletic Association’s Division I Presidential Forum. The Presidential Forum’s charge is to assist the NCAA Division I Board of Directors in accomplishing its strategic mission in the Division I governance structure. It is also charged with ensuring that the NCAA core value involving presidential leadership of intercollegiate athletics at the campus, conference and national level is achieved.

Downgraded revenues to grow at 4.8 percent for FY17, Medicaid savings to offset most of $21.1 million shortfall

Thu, 07/21/2016 - 3:36pm -- tim

Vermont Business Magazine State economists Jeff Carr and Tom Kavet lowered Fiscal Year 2017 tax revenue estimates by $21.1 million today in a presentation before the state Emergency Board, which accepted the revised numbers. The vast bulk of that shortfall will be made up by savings in the Medicaid program. FY 2017 began July 1. The economists also reported that Vermont’s revenues grew by 2.3 percent in fiscal year 2016 and Vermont employers added 4,400 jobs in the last year.

Renewable energy advocates muster 150+ signatures to support net metering before PSB ruling

Thu, 07/21/2016 - 11:31am -- tim

Vermont Business Magazine More than 150 local businesses and institutions ranging from farms and credit unions, to hotels, main street shops, manufacturers, and solar companies urge support for renewable energy and maintaining Vermont’s strong net metering program.  The net metering program is currently in the final stages of being revised by the Public Service Board.

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