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Millennial buyers expected to fuel 2015 New England housing market

Sun, 01/25/2015 - 4:17pm -- tim

According to RE/MAX of New England, loosening lending practices, low inventory and steady interest rates are anticipated to heat-up the New England housing market in the first half of the year. Increased consumer confidence, a rebounding local economy and continued low-interest rates have converged to create a steady, consistent housing market throughout much of New England in 2014. Inventory shortages in desirable areas drove prices up, but throughout much of the region, overall home sales decreased over 2013 numbers.

Vermont's largest solar array installed in Essex Jct

Sun, 01/25/2015 - 12:51pm -- tim

Encore Redevelopment, of Burlington, Vermont, has announced the recent installation and commissioning of the PSEG Essex Solar Energy Center in Essex Junction, Vermont. At 3.6MWp, this array is the largest solar project in Vermont and is estimated  to produce approximately 4,500,000 kWh of electricity annually, sufficient to power roughly 700 Vermont homes. 

The solar array will also provide a lease payment which will help to diversify the income stream of the Whitcomb Farm and help the Farm, which has been in continuous operation since 1867, remain in active agricultural use. 

Energtek completes land purchase in Vermont for natural gas filling station in Swanton

Sun, 01/25/2015 - 12:26pm -- tim

Energtek Inc (OTC BB: EGTK), a hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) company, has announced that it has finalized the land purchase in Vermont for the filling station. "We have completed paying for the 25 acre Swanton, Vermont site, which is in an ideal location for a filling station: i) right on a transport pipeline;  ii) elevated area on the pipeline (to minimize curtailments and pressure drops);  iii) right next to an inter-state on-ramp;  iv)  with identified customers who cannot be served by anyone else and who are eagerly awaiting our deliveries; v) right next t

Vermont sees drop in alcohol and drug abuse rates among young adults

Sat, 01/24/2015 - 5:09am -- tim

Governor Peter Shumlin joined with Department of Health officials, substance abuse prevention providers, and community groups on Wednesday to announce that binge drinking, marijuana use, and prescription pain reliever misuse dropped among young adult Vermonters between 2011/2012 and 2012/2013, according to the latest report of the National Survey on Drug Use and Health (NSDUH). While the governor said he welcomed the good news, he cautioned that much work remains and outlined steps the state is taking to continue progress in the battle against drug and opiate addiction in Vermont.

Xfinity Store opens in South Burlington

Sat, 01/24/2015 - 3:16am -- tim

Comcast held a special reception and ribbon-cutting event Tuesday to announce the grand opening of its interactive Xfinity Store in South Burlington, Vermont.  The 3,000 square foot space has been designed entirely around the needs of customers, providing them with an opportunity to explore, learn about and interact directly with the latest Xfinity products and services.

Vermont requests federal disaster declaration

Fri, 01/23/2015 - 12:30pm -- tim

Governor Peter Shumlin has made a formal request for federal disaster relief to help 10 of Vermont’s 14 counties pay for repairs to the power grid and other public infrastructure damaged in a severe winter storm last month. Addison, Chittenden, Essex, Franklin, Lamoille, Orange, Orleans, Rutland, Washington, and Windsor counties have shown damages that meet federal standards to qualify for a Public Assistance disaster declaration.

Weekly unemployment claims fall back to pre-holiday levels

Fri, 01/23/2015 - 10:30am -- tim

Vermont Business Magazine After several spikes during the holiday season, new weekly unemployment claims in Vermont are back to about where they were in the fall and less than half where they were just after Christmas. For the week of January 17, 2015, there were 794 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 227 from the previous week's total, and 16 more than they were a year ago. In 2014, claims were consistently below 2013 levels on a week-to-week basis.

Ag Agency accepting 2015 vendor applications for the Vermont building at “The Big E”

Fri, 01/23/2015 - 3:42am -- tim

The Vermont Agency of Agriculture, Food and Markets is now accepting proposals from Vermont businesses and organizations for vending and exhibiting space in the Vermont Building at the Eastern States Exposition (“Big E”) in West Springfield, Massachusetts. In 2015, the fair will be held from September 18th - October 4th. Nearly 1 million patrons passed through the Vermont Building during the 2014 fair, spending over $1.7 million on Vermont products. 

Vermont Chamber and VBM open nominations for Deane Davis Outstanding Vermont Business Award

Thu, 01/22/2015 - 5:31pm -- tim

The Vermont Chamber of Commerce and Vermont Business Magazine are accepting nominations until March 6th for the Deane C Davis Outstanding Business of the Year Award that honors an outstanding Vermont business. The deadline for nominating a business is March 6, 2015. Nominees and applicants are encouraged to complete the 2014 Deane C Davis Award online nomination form:

Lang McLaughry Real Estate merger creates Four Seasons Sotheby’s International Realty

Thu, 01/22/2015 - 4:00pm -- tim

Lang McLaughry Real Estate, the largest real estate firm in Vermont, with 15 offices, has merged with Four Seasons Sotheby’s International Realty, which has three offices in New Hampshire. Together, they have acquired Vermont Country Properties Sotheby’s International Realty, which has five offices in southern Vermont. The combined entities will operate as Four Seasons Sotheby’s International Realty, with a total of 23 offices and over 220 sales associates across Vermont and New Hampshire.

Governor Shumlin: Economic growth is key to Agenda for Progress

Thu, 01/22/2015 - 3:55pm -- tim

by Governor Peter Shumlin The agenda I laid out earlier this month seeks to make life a little easier and more affordable for Vermont families by attacking the two biggest drags on incomes and wages: health care costs and rising property taxes. Addressing those issues alone, however, isn’t enough. If we’re to really make progress for Vermont families, we need to combine increased affordability with expanded job growth and economic opportunity.