-A A +A


Washington, DC, sinking fast, adding to threat of sea-level rise

Sat, 08/01/2015 - 6:05am -- tim

by Joshua Brown UVM New research confirms that the land under the Chesapeake Bay is sinking rapidly and projects that Washington, DC, could drop by six or more inches in the next century—adding to the problems of sea-level rise. The new research was conducted by a team of geologists from the University of Vermont, the US Geological Survey, and other institutions. The results were presented online July 27 in the journal GSA Today.

Vermont Mutual recognized by Ward Group as a Top 50 insurer for seventh consecutive year

Sat, 08/01/2015 - 5:10am -- tim

Vermont Business Magazine For the seventh consecutive year, Vermont Mutual Insurance Group® has been recognized as one of the top 50 Property and Casualty insurers in the United States by Ward Group, one of the industry’s most respected benchmarking organizations. Ward Group, an Aon Hewitt company, is the leading provider of operational and compensation benchmarking and best practices services for insurance companies.

SBA Disaster assistance available to private nonprofit organizations in Vermont

Fri, 07/31/2015 - 5:01pm -- tim

Vermont Business Magazine The US Small Business Administration announced today certain Private NonProfit (PNP) organizations that do not provide critical services of a governmental nature may be eligible to apply for low-interest rate disaster loans. These loans are available following a Presidential disaster declaration for Public Assistance resulting from damages caused by a severe storm and flooding on June 9, 2015.

Vermont Gas slapped with $100,000 fine for late reporting of cost hike

Fri, 07/31/2015 - 3:41pm -- tim

Vermont Business Magazine Going against the recommendation of the Vermont Department of Public Service and the request of Vermont Gas System, the Vermont Public Service board in an order filed today, has fined VGS $100,000 for waiting six months to report cost increases for its Addison pipeline project. The fine amount was recommended by the Conservation Law Foundation. The PSB ruled that it must be paid within 30 days. The department, which recommended a $35,000 fine, acts the the public advocate before the board. The board is the regulator.

GMP will reduce rates again starting October 1

Fri, 07/31/2015 - 2:08pm -- tim

Vermont Business Magazine The Vermont Public Service Department (PSD) announced today it has reached agreements with Green Mountain Power (GMP) which will result in a net bill decrease for GMP customers of .76% for the year beginning October 1, 2015.  This is on top of the 2.46 percent decrease for GMP customers over the past year. In a separate agreement with GMP and AARP, the Department is advocating for a return of Electric Assistance Program (EAP) fund balances to ratepayers and a lowering of the EAP customer charge going forward.

Single-payer advocate urges GMCB to reject health insurance rate hikes

Fri, 07/31/2015 - 12:47pm -- tim

Vermont Business Magazine In response to Blue Cross Blue Shield of Vermont’s 8.4 percent rate increase request for their 2016 Vermont Health Connect health insurance plans (now reduced to 7.2 percent), the Healthcare is a Human Right campaign released an opposing statement (see below.) Supporters of the campaign stated their case in Montpelier Wednesday by calling on the Green Mountain Care Board to reject the rate hikes and resume its role in guiding Vermont to a universal, publicly financed healthcare system.

Gasoline price drops to accelerate from Labor Day through late fall

Fri, 07/31/2015 - 10:45am -- tim

by Timothy McQuiston Vermont Business Magazine According to a national industry analyst, 2015’s second half represents a strong expectation, in Vermont and across the country, that motorists will spend even less on gasoline this year than they did in 2014. GasBuddy experts say that before Christmas, as many as 20 states could have average gas prices below $2 per gallon as the national average for December slips to $1.98. Vermont is not one of those states expected to fall under $2. However, at an average price $2.65 today, Vermont is a penny lower than the US average.

Disaster assistance applicant briefings set for Addison and Chittenden counties

Fri, 07/31/2015 - 10:17am -- tim

Vermont Business Magazine Communities in Addison and Chittenden counties will begin the application process for receiving federal assistance to help recover from severe storms and flooding on June 9th.  President Barack Obama signed a major disaster declaration for those counties earlier this week.  The Public Assistance declaration allows communities in those counties to apply for federal reimbursement for 75% of response and recovery costs associated with that storm.

Employees purchase The New School of Montpelier from founder as a worker cooperative

Thu, 07/30/2015 - 4:18pm -- tim

Vermont Business Magazine The employees of The New School of Montpelier (NSM) in Vermont have purchased the school from its founder and will be operating it as the state’s largest worker cooperative. Founded in 2005 by Susan Kimmerly, the NSM serves students ages 6 – 22 with intensive disabilities; primarily children and young adults with autism, cognitive disabilities, and challenging behaviors, often related to trauma.

Three charged with participation in Medicaid fraud scheme

Thu, 07/30/2015 - 4:14pm -- tim

Vermont Business Magazine Gloria Relation, age 70, of Williamstown, Vermont, and Jamie LaFountain, age 27, of East Montpelier, Vermont, were each arraigned on July 30, 2015, in Vermont Superior Court for Washington County on one felony count of Medicaid fraud. Additionally, Chris Relation, age 43, of Barre, Vermont, was arraigned on one felony count each of Medicaid Fraud, False Pretenses, and Identity Theft. The Court imposed conditions of release governing the parties’ conduct while the case is pending.

On 50th anniversary of Medicare, Sanders proposes Medicare-for-All

Thu, 07/30/2015 - 4:09pm -- tim

Vermont Business Magazine. Addressing a rally outside the Capitol to mark the 50th anniversary of Medicare, Sen. Bernie Sanders (I-Vt.) today announced that he will introduce legislation to provide Medicare-for-all health insurance.

“We need to expand Medicare to cover every man, woman and child as a single-payer national health care program,” Sanders told a rally held by National Nurses United in a park near the Capitol.

Vermont businesses targeted in wire transfer fraud imposter scam

Thu, 07/30/2015 - 4:07pm -- tim

Vermont Business Magazine The Vermont Attorney General’s Office is warning about an imposter scam targeting Vermont businesses. Since February four Vermont businesses have reported to the Attorney General’s Office that they received fraudulent emails purporting to be company representatives, requesting wire transfers of tens of thousands of dollars. The reports involve fraudulent communications that are not associated with the businesses in question.