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Ben & Jerry's unveils four new flavors with everything...but the COW!

Sat, 02/06/2016 - 9:23am -- tim

Ice Cream Maker Reveals Non-Dairy, Certified Vegan Line Up

Vermont Business Magazine Attention, frozen dessert fans unable - or choosing not to - consume dairy; your long wait is over! Now is the time to raise spoons in celebration of an all-new, Non-Dairy flavor line up. At last fans can dive deep into a decadent pint and experience all the chunks and swirls Ben & Jerry's is known for, but this time in a Certified Vegan, almond milk-base indulgence. The new lineup includes a quartet of flavors ready for spooning, including:

Vermont Federal opens Online application for 2016-2017 educational scholarships

Sat, 02/06/2016 - 8:18am -- tim

Vermont Business Magazine Vermont Federal Credit Union will be awarding four $2,000 educational  scholarships to students with a history of strong academic achievement and service to the community. Vermont Federal will now be accepting online scholarship applications for the 2016-2017 academic year. Two scholarships, in the amount of $2,000 each, will be awarded to graduating high school seniors who have been accepted to an accredited undergraduate program at a college, trade school, or university for the Fall semester of 2016 or Spring semester of 2017.

Chittenden County has lowest relative closing costs in Vermont

Sat, 02/06/2016 - 4:29am -- tim

Vermont Business Magazine Chittenden County has the best home-buying closing cost ranking in Vermont, in line with its rank of 1 in 2015, even though the actual closing costs were the highest in the state. But because the median home price was also highest, Chittenden has the lowest relative cost in the SmartAsset index. Closing Costs are a crucial aspect of buying a home, and in its second annual study New York financial technology company SmartAsset shows where they are lowest.

NEFCU offers 2016 nursing scholarships

Sat, 02/06/2016 - 3:30am -- tim

Vermont Business Magazine New England Federal Credit Union (NEFCU) has announced that it is now accepting Nursing Scholarship applications for 2016. Three scholarships of $3,000 each are awarded each year to applicants who qualify. Applications can be obtained online at, at any branch, or by calling 802-879-8790.  Applicants must be members of NEFCU who are applying to or are enrolled in an accredited undergraduate or graduate nursing program.

Vermont among most expensive for divorce

Sat, 02/06/2016 - 2:52am -- tim

Vermont Business Magazine A lengthier divorce process of about 450 days and a higher filing fee ($295) make Vermont one of the most expensive states to get a divorce, despite having some of the lowest average attorney fees ($195) in the nation, according to a nationwide survey. California is the most expensive and Wyoming is the cheapest. Although many couples are looking forward to celebrating Valentine's Day this month, the beginning of the year also tends to be a popular time for Americans to file for divorce.

Sanders legislation would extend solvency of Social Security, increase income cap over $100,000

Fri, 02/05/2016 - 12:04pm -- tim

Vermont Business Magazine Senator Bernie Sanders’ legislation to expand Social Security would extend the life of the program an additional 40 years, from 2034 to 2074, according to a new analysis by the agency in charge of determining the solvency of Social Security.

Welch initiative to assist low-income mobile homeowners passes House

Fri, 02/05/2016 - 11:23am -- tim

Vermont Business Magazine The US House of Representatives approved an amendment introduced by Congressman Peter Welch (D-Vermont) that would expand the federal housing assistance program to cover previously ineligible expenses of low income mobile home owners. The bipartisan initiative was approved as an amendment to the Housing Opportunities Through Modernization Act (H.R. 3700), which passed the House and will now go to the Senate for further consideration.

Weekly unemployment claims keep edging down

Fri, 02/05/2016 - 10:14am -- tim

Vermont Business Magazine Weekly unemployment claims continued to fall last week as they have since spiking after Christmas. Claims in 2015 generally were lower than in 2014, but since the holiday season they have been generally running ahead of the prior year until last week. For the week of January 30, 2016, there were 635 claims, down 118 from the previous week's total and 43 fewer than they were a year ago. By industry, claims were down for most categories but increased slightly for Services. 

Guy Page: New VY storage pad needed until feds take away spent fuel

Fri, 02/05/2016 - 9:03am -- tim

by Guy Page This month the Vermont Public Service Board (PSB) will consider the proposed second dry cask storage pad at Vermont Yankee. This concrete pad would support the remaining reinforced concrete and steel casks containing spent reactor fuel. Vermont Yankee plans to self-finance the $145 million project, and is willing to begin the fuel transfer two years earlier than planned. The pad’s approval was a condition of the 2013 Entergy/State of Vermont Settlement Agreement providing $50 million of redevelopment funds to Vermont.

Sales tax woes drag down Vermont revenues

Thu, 02/04/2016 - 3:58pm -- tim

Vermont Business Magazine What economists have called a "terrible" start to the ski season has had a predictable effect on the state's consumption tax revenues in January. Sales and Rooms & Meals were both off significantly, offsetting what was otherwise a decent month for revenues. General Fund (GF) revenues for the January were off slightly by -$1.30 million or -0.82 percent, totaling $156.85 million versus the monthly target of $158.15 million.

Senate to reconsider paid sick leave bill

Thu, 02/04/2016 - 3:29pm -- tim

Vermont Business Magazine In an unusual move Thursday, the Vermont Senate has decided to revisit H187, the paid sick leave bill, despite overwhelming passage of the legislation Wednesday. The sticking point is a floor amendment before Wednesday's final vote that exempted businesses with five or fewer employees until 2018 (the "Campion amendment"). That provision would thus exclude initially many of the workers the bill is intended to help, but it would help soften the financial blow to these very small businesses.