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Roper: Universal Pre-K is a problem, not a solution

Wed, 02/22/2017 - 5:58am -- tim

by Rob Roper Vermont has been actively expanding taxpayer funded universal Pre-K since 2007 (Act 62). The claims back then and the claims today haven’t changed. Advocates promise that in the long run, these programs will prove great for kids and taxpayers! But ten years later, as we’re looking at an even more dramatic and expensive expansion of these programs, we have to ask if what we’ve done so far has lived up to the hype.

Merchants Bankers brings in over $19,000 in cold cash for Special Olympics Vermont

Wed, 02/22/2017 - 3:29am -- tim

Vermont Business Magazine On Saturday, February 4th, 26 employees of Merchants Bank joined over 1,200 enthusiastic individuals at the Burlington Waterfront, to partake in the Penguin Plunge. The event rose over $540,000 for Special Olympics Vermont athletes. The Penguin Plunge has become a highly anticipated staple of winter in Vermont and is widely recognized as a fun team building exercise for hundreds of families, schools, and businesses.

Scott names Boedecker Environmental Conservation chief

Tue, 02/21/2017 - 5:14pm -- tim

Vermont Business Magazine Governor Phil Scott today announced the appointment of Emily Boedecker as commissioner of the Department of Environmental Conservation (DEC) and Riley Allen as deputy commissioner of the Department of Public Service. “I’m excited to have both Emily and Riley join our team, as they will both be dedicated public servants, and are committed to the missions of their respective departments and my goals to grow the economy, make Vermont more affordable and protect the most vulnerable,” said Governor Scott.

Davis & Hodgdon economic survey 'positive' but improvement on business climate needed

Tue, 02/21/2017 - 2:14pm -- tim

Vermont Business Magazine Over 100 Vermont businesses completed the latest semi-annual economic survey in January regarding the outlook of Vermont’s small- to medium-sized businesses. The survey, presented by Davis & Hodgdon Associates CPAs and the Vermont Chamber of Commerce, revealed that while opinions about the Vermont and US economies are moving in a positive direction, there is still a great desire to see improvement in the state’s business climate and tax laws.

Keurig Green Mountain to pay $5.8 million for failure to report defective coffee brewers

Tue, 02/21/2017 - 1:53pm -- tim

Vermont Business Magazine The US Consumer Product Safety Commission (CPSC) announced today that Keurig Green Mountain, Inc, based in Waterbury, has agreed to pay a $5.8 million civil penalty to the government. The penalty settles charges that Keurig knowingly failed to report a defect and unreasonable risk of serious injury to CPSC immediately with Keurig MINI Plus Brewing Systems, as required by federal law.

Ledyard reports record earnings for third consecutive year

Tue, 02/21/2017 - 1:43pm -- tim

Vermont Business Magazine Ledyard Financial Group, Inc (ticker symbol LFGP), the holding company for Ledyard National Bank with a presence in Vermont, has reported record earnings for 2016 of $4,128,419, a 2% improvement over 2015. Net income for the quarter ended December 31, 2016, was $987,221 or $0.95 per share compared to $886,229 or $0.87 per share for the same period in 2015, an increase of $110,992 or 11%. This increase was primarily due to the improving environment for our two primary businesses, banking and wealth management.

How many calories in that tweet?

Tue, 02/21/2017 - 11:11am -- tim

Vermont Business Magazine It's easy to find out how many calories are in a Twinkie. But how about in a tweet? A team of scientists have invented a new instrument for measuring just that: the caloric content of social media posts--like tweets. The state of Vermont isn't that great, as it turns out, and bacon appears to be the issue. "This can be a powerful public health tool," says Peter Dodds, a scientist at the University of Vermont, who co-led the invention of the new device--called a Lexicocalorimeter. "It's a bit like having a satellite image of how people in a state or city are eating and exercising."

Vail buys Stowe Mountain Resort

Tue, 02/21/2017 - 8:46am -- tim

Vermont Business Magazine The rumors proved true. Vail Resorts, Inc (NYSE: MTN) announced this morning that on Friday, February 17, 2017, it entered an agreement to acquire Stowe Mountain Resort from Mt Mansfield Company, Inc (MMC), a wholly owned subsidiary of American International Group, Inc. (AIG), for a purchase price of $50 million, subject to certain adjustments. Stowe Mountain Resort will be Vail Resorts' first mountain resort on the East Coast. Vail Resorts is acquiring all of the assets related to the mountain operations of the resort, including base area skier services (food and beverage, retail and rental, lift ticket offices and ski and snowboard school facilities) at Mount Mansfield and Spruce Peak. The deal does not include the Stowe Mountain Lodge, Stowe Mountain Club, Stowe Country Club and certain real estate owned and held for potential future development, which will be retained by MMC.

Janet S Munt VNA Family Room to become freestanding non-profit

Tue, 02/21/2017 - 3:14am -- tim

Vermont Business Magazine The Visiting Nurse Association of Chittenden and Grand Isle Counties (VNA) announces that the Janet S Munt VNA Family Room will transition from being a program of the VNA to a newly created freestanding non-profit organization in July 2017. The VNA Family Room, established in 1988, is one of 15 state-designated parent-child centers in Vermont providing a wide range of programming and support for parents and children from birth through age six in Burlington’s Old North End.

Richards: Why we offer paid family leave

Mon, 02/20/2017 - 3:44pm -- tim

Aly Richards Healthy children. Happy parents. A positive work culture. Engaged, productive and loyal employees who feel valued and supported to do their very best work. These are just a few of the many reasons the Permanent Fund for Vermont’s Children chooses to offer paid family leave. We believe offering paid family leave is not only good for young children and their families—it’s good for Vermont overall.

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