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Leahy: Vermont gets $8.7 million for state’s crime victims and victims of domestic and sexual assault

Fri, 10/09/2015 - 3:03pm -- tim

Vermont Business Magazine Senator Patrick Leahy (D-Vermont) on Friday announced that Vermont will receive more than $8.7 million from the US Department of Justice to support victims of crime and enhance programs that serve survivors of domestic and sexual violence. The funding includes a three-fold increase to the Vermont Center for Crime Victims Services (VCCVS), which will receive $4.8 million in Victims of Crime Awards in Fiscal Year 2015 appropriations.

Renewable energy advocates acknowledge public pushback on wind and solar development

Fri, 10/09/2015 - 2:48pm -- tim

by Mark Johnson Advocates for renewable energy in Vermont said Thursday they have much to celebrate, but that significant challenges lay ahead. More than 350 people attended the Renewable Energy Vermont annual conference in South Burlington. Outside, approximately 25 protesters lined the sidewalk in front of the Sheraton Conference center to demonstrate against wind power projects either already built or planned for their communities.

Weekly unemployment claims edge up, still low

Fri, 10/09/2015 - 2:27pm -- tim

Vermont Business Magazine Weekly unemployment claims in Vermont increased slightly above 300 after its historic low last week. Claims are running at their lowest levels since 1999. The graph below shows total August claims since 1977 (historic weekly data not available). The graph also indicates how severe the two major recessions were during this period, with the recession of the early 1980s far exceeding in Vermont the Great Recession of 2008-2009.

Lake Sunapee Bank Group announces 14 cent dividend

Fri, 10/09/2015 - 12:07pm -- tim

Vermont Business Magazine Lake Sunapee Bank Group (NASDAQ: LSBG) has declared a regular quarterly cash dividend of fourteen cents ($0.14) per common share payable October 30, 2015, to stockholders of record as of October 23, 2015. Lake Sunapee Bank has several branches in Vermont. Lake Sunapee Bank Group is the holding company of Lake Sunapee Bank, fsb, a federally chartered savings bank that provides a wide range of life-cycle banking and financial services.

Full Amtrak service resumes Friday

Fri, 10/09/2015 - 11:45am -- tim

Vermont Business Magazine Amtrak Vermonter service will operate normally in both directions on Friday, October 9, making all scheduled stops between Washington and St Albans. Amtrak said in a statement that it regrets any inconvenience. Service was disrupted Monday when the southbound train derailed in Northfield because of a rock slide. Seven passengers were sent to local hospitals and all have since been released. Partial service was restored Thursday.

Bray, Housing Vermont and Audet honored at RE 2015: Leading the Energy REVolution

Fri, 10/09/2015 - 11:21am -- tim

Vermont Business Magazine Renewable Energy Vermont (REV) recognizes a Vermont real estate development company and two Vermonters for their outstanding contributions to the progress of a sustainable energy future at Renewable Energy 2015: “Leading the Energy REVolution”, an annual conference hosted by REV that runs through Friday at the Sheraton Hotel & Conference Center in Burlington. The 2015 Renewable Energy Awards are generously presented by VLITE as part of their continuing commitment to building an energy secure Vermont.

This year’s awardees include:

Northern Vermont forum to explore next steps for Vermont’s climate change economy

Fri, 10/09/2015 - 11:17am -- tim

Vermont Business Magazine Area businesses and nonprofits are increasingly involved with climate change--both its challenges and opportunities. Their creative solutions are becoming a growing part of our state’s economy. What are your experiences? Do you have ideas that can help nurture this sector in Vermont?

More than $3 million headed to Vermont to boost law enforcement and criminal justice programs

Thu, 10/08/2015 - 3:04pm -- tim

Vermont Business Magazine Senator Patrick Leahy (D-Vt.) Thursday announced that more than $3 million in U.S. Department of Justice grants will be coming to Vermont to support programs aimed at reducing crime, tackling heroin abuse, and protecting Vermont’s local and state law enforcement officers.  The funding, included in Fiscal Year 2015 appropriations legislation, includes $70,977 to help 23 local police and sheriff departments to buy 196 new bulletproof vests for their officers.

$115 million issue includes nearly $30 million in Vermont 'Green' bonds

Thu, 10/08/2015 - 3:01pm -- tim

Vermont Business Magazine State Treasurer Beth Pearce announced today that the State of Vermont successfully sold $115.58 million in bonds in three different offerings. The sale included $28.52 million in Green Bonds, the first time Vermont has sold such bonds targeted toward investors with socially responsible investment (SRI) objectives. Green Bonds are used to fund projects that have positive environmental and/or climate benefits. Proceeds from these bonds are earmarked for green projects, but are backed by Vermont’s full faith and credit.

New report identifies upwards of $1.7 million in savings for Burlington taxpayers

Thu, 10/08/2015 - 2:57pm -- tim

Vermont Business Magazine Resolving the troubled finances related to Burlington Telecom is starting to pay dividends for Burlingtonians. Chief Administrative Officer (CAO) Bob Rusten has released the Annual Stability Bond Proceed Report, required by 2013 City Council resolution. The report summarizes the role the Fiscal Stability Bond played over the last three years averting possible fiscal crisis and contributing to the city's improved credit rating.

State and national awards presented to AGC/VT staffer Norm James

Thu, 10/08/2015 - 1:37pm -- tim

Vermont Business Magazine A staff-member of the Associated General Contractors of Vermont has been recognized by the National Safety Council and the Vermont Governor’s for Outstanding Workplace Safety. Norman James, Manager of Project RoadSafe, a workplace driver safety training program at AGC/VT, was honored with the Vermont Governor’s Award for Outstanding Workplace Safety, and the National Safety Council’s Alive at 25 Instructor of the Year award.

Entergy agrees to sell Rhode Island natural gas-fired power plant

Thu, 10/08/2015 - 12:27pm -- tim

Vermont Business Magazine Entergy Corp. (NYSE:ETR) today announced that its wholesale generation division, Entergy Wholesale Commodities, has entered into an agreement to sell its 583-megawatt Rhode Island State Energy Center (RISEC), located in Johnston, RI, to Carlyle Power Partners. The facility is a natural gas-fired, combined-cycle generating plant that entered commercial service in 2002.