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Norwich President Richard Schneider celebrated as Vermont’s Citizen of the Year

Fri, 11/17/2017 - 2:13pm -- tim

Vermont Business Magazine On Thursday over 200 friends, family and community members, and community partners gathered at Trader Duke’s Hotel in South Burlington to celebrate Norwich University President Richard W Schneider as the Vermont Chamber of Commerce’s Citizen of the Year. Schneider was selected by the Vermont Chamber of Commerce for the Citizen of the Year Award for his extensive community leadership and continual devotion to the betterment of Vermont.

Vermont October jobless rate stays at 2.9 percent

Fri, 11/17/2017 - 10:26am -- tim

by Timothy McQuiston Vermont Business Magazine The Vermont unemployment rate was unchanged in October, but all the major indicators showed improvement, with even the Labor Force growing slightly. Private employment was up, while Government employment lost 1,200 jobs, almost entirely from State held positions. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for October was 2.9 percent. This reflects no change from the revised September rate. The national rate in October was 4.1 percent. Overall, Vermont’s unemployment rate was tied for the sixth lowest in the country. New Hampshire was tied for third (2.7 percent); Hawaii was lowest (2.2 percent); and Alaska was highest (7.2 percent). As of the prior month’s preliminary data, the Burlington-South Burlington Metropolitan NECTA was tied for the 15th lowest unemployment rate in the country for all metropolitan areas. 

Lawsuit accuses Eversource and Avangrid of causing $3.6 billion in excessive electricity costs in New England

Fri, 11/17/2017 - 10:09am -- tim

Vermont Business Magazine New England residents on Thursday hit Eversource Energy and Avangrid Inc with a class-action lawsuit stating that the two energy companies caused electricity consumers to incur overcharges of $3.6 billion in a years-long scheme that impacted six states and affected 14.7 million people, according to the lawsuit filed in federal court in Boston. The lawsuit, filed November 14, 2017, in the US District Court for the District of Massachusetts states that 7.1 million retail electricity customers and an overall population of 14.7 million people have been affected by Eversource and Avangrid’s “unique monopoly” spanning at least from 2013 to 2016. The scheme raised electric prices by at least 20 percent for those living in Massachusetts, Maine, Vermont, New Hampshire, Connecticut and Rhode Island. The complaint alleges the scheme violates multiple federal and state competition laws and state consumer protection statutes.

Bloomer: Local wood achieves local good

Fri, 11/17/2017 - 5:57am -- tim

by Ansley Bloomer, Assistant Director, Renewable Energy Vermont A healthy working landscape is a crucial part of Vermont’s identity. With almost 80 percent of Vermont covered in forested land, wood markets provide a sustainable economic solution for rural Vermont communities. Stewardship of these natural resources is essential, so historically we have relied on low-grade wood markets to incentivize the tasks essential to maintaining forest health.

Patrick Jordan III named COO at Dartmouth-Hitchcock

Fri, 11/17/2017 - 3:20am -- tim

Vermont Business Magazine Patrick F Jordan III has been named Chief Operating Officer (COO) for the Dartmouth-Hitchcock health system. Jordan, who previously served as COO for the at Lahey Hospital & Medical Center in Burlington, MA, was appointed to the position by Dartmouth-Hitchcock CEO and President Dr. Joanne M. Conroy. He begins his new role at Dartmouth-Hitchcock on November 20.

State warns Vermonters against unclaimed property scams

Thu, 11/16/2017 - 4:34pm -- tim

Vermont Business Magazine Vermont Attorney General TJ Donovan and State Treasurer Beth Pearce are warning citizens about phone solicitations and websites that falsely claim citizens must pay a fee to locate and retrieve unclaimed property. Vermont citizens are advised to search the State’s free unclaimed property database before accepting services from other entities. In recent days, several Vermont residents have reported that for-profit enterprises have contacted them by phone, letter or email offering unclaimed property search services for an upfront fee.

Sanders blasts House passage of tax plan

Thu, 11/16/2017 - 4:07pm -- tim

Vermont Business Magazine US Senator Bernie Sanders: "It is disappointing, but not surprising, that the House Republicans just voted to give the Koch brothers and other billionaire campaign contributors a massive tax break. Under the House bill, the top 1 percent would get half of the tax benefits, while nearly half of middle class families would see their taxes go up. As bad as the House bill is, the Senate tax plan is even worse..."

Sanders to hold student town meeting on opioids Friday in Burlington

Thu, 11/16/2017 - 3:44pm -- tim

Vermont Business Magazine US Senator Bernie Sanders (I-Vermont) will hold a student town meeting at Burlington High School to discuss the opioid crisis in Vermont and throughout the United States. The meeting will be held Friday at 1 pm. Sanders will be joined by a panel including Dr Heather Stein, associate medical director at the Community Health Centers of Burlington, and Vermont Attorney General TJ Donovan. Following the panel discussion, there will be a question and answer session with the students.

Winter is Here: Early season updates at Vermont resorts

Thu, 11/16/2017 - 2:28pm -- tim

Vermont Business Magazine When Mother Nature hands out cold weather, Vermonters make snow with it, and November’s chilly temperatures coupled with the Green Mountain State’s world class snowmaking power allowed for Vermont’s resorts to open early and open strong for the 2017-18 season. Killington Resort stayed true to their legacy by being the first Eastern resort to open on November 8 and Mount Snow Resort took home a new accolade by opening on November 11 with the most open terrain East of the Rockies with 108 acres. Okemo Mountain Resort also began spinning their lifts on November 11. “This was our earliest opening in five years,” said Okemo Vice President and General Manager Bruce Schmidt. Come Thanksgiving weekend, skiers and snowboarders will have access to over half of Vermont’s mountains, with most major resorts opening by Friday, November 24.