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Vermont is open for skiing and riding

Tue, 11/04/2014 - 4:22pm -- tim

With Killington Resort leading the way, Vermont is officially open for the 2014-15 ski and ride season. Resorts all over Vermont have been taking advantage of great snowmaking temperatures to lay down the white stuff, along with some help from Mother Nature. Find out all the resorts’ opening dates and what they are doing to prepare for another stellar snow season. Nearly all Vermont ski resorts are scheduled to open before December 1.

Berkshire Bank parent buys Hampden Bancorp, now $7.1 billion in assets

Tue, 11/04/2014 - 4:19pm -- tim

Berkshire Hills Bancorp, Inc (NYSE: BHLB), the parent company of Berkshire Bank with offices in southwestern Vermont, and Hampden Bancorp, Inc (Nasdaq: HBNK) today announced that they have signed a definitive merger agreement under which Berkshire will acquire Hampden and its subsidiary, Hampden Bank, in an all-stock transaction valued at approximately $109 million.

PSB approves sale of Burlington Telecom to local investor

Tue, 11/04/2014 - 9:09am -- tim

Vermont Business Magazine The City of Burlington received permission from the Vermont Public Service Board to sell the assets of Burlington Telecom to a local investor in an order dated November 3, 2014, but the city will continue to be responsible for the operation of the telephone, cable and Internet provider. Under the agreement, the city will fund the largest component of the city's $9.03 million settlement payment with Citibank through a sale of substantially all the assets of Burlington Telecom to Blue Water Holdings LLC, which will then lease BT's assets back to the

Old mistakes, new problems haunt Vermont Health Connect

Tue, 11/04/2014 - 3:37am -- tim

by Morgan True With two weeks before the Vermont Health Connect web portal is due to go back online, state officials insist users will enjoy a smooth open enrollment period. But internal documents provided to VTDigger show that while new registrants — who are expected to number about 8,000 — may have an improved experience, the exchange is far from resolving issues for its existing customers. And just getting through open enrollment will cost as much as $20 million, the documents show.

Experts, advocates say early childhood development is crucial

Tue, 11/04/2014 - 3:26am -- tim

by Hilary Niles Not all parents are equipped to be good parents, Cary Brown concedes. But among the ready and willing, too many never get the chance. The consequences surpass parental regret, a panel of speakers suggested Tuesday night in Montpelier at an event moderated by Brown, executive director of the Vermont Commission on Women. When parents can’t provide or afford high-quality early childhood care, their children suffer and society pays.

Veteran entrepreneurs honored during National Veterans Small Business Week November 3-7

Mon, 11/03/2014 - 2:16pm -- tim

The accomplishments of Veteran small business owners around the country will be celebrated during National Veterans Small Business Week (NVSBW) November 3-7. US Small Business Administration district offices and resource partners nationwide will host more than 100 local events, including entrepreneurship training such as Boots to Business: Reboot classes, veteran access to capital workshops, and government contracting roundtables.

FairPoint, unions issue public statements as strike continues

Mon, 11/03/2014 - 2:05pm -- tim

FairPoint Communications, Inc (Nasdaq: FRP), a leading communications provider and Vermont's largest telecommunications company, recently submitted this open letter in state and regional newspapers to the communities of northern New England. FairPoint and two unions representing over 1,700 workers are locked in a dispute over a new contract, which resulted in a strike that began on October 17. The contract talks broke down over benefits, retirement plans and the use of non-unionized workers.

Letter: The Future for FairPoint

Vermont's Rising Stars to be honored on Thursday

Mon, 11/03/2014 - 1:07pm -- tim

Vermont Business Magazine will present the Rising Stars, Class of 2014, at a special reception and dinner, Thursday evening, November 6, 2014, beginning at 5:30 pm. The ceremony will take place at the DoubleTree Hotel on Williston Road, South Burlington. The awards will be presented to 40 individuals for their commitment to business growth, professional excellence and involvement in their communities. Governor Peter Shumlin will welcome the winners and say a few words at the opening reception.

Okemo starts making snow

Mon, 11/03/2014 - 11:56am -- tim

During the overnight hours between November 1 and 2 when most people were relishing an extra hour of sleep due to the end of daylight-saving time, Okemo Mountain Resort’s snowmakers were hard at work. At the same time Mother Nature was delivering her first dusting of natural snow, Okemo’s snowmakers were initializing the resort’s energy-efficient snowmaking system and engaging HKD tower guns along several upper-mountain trails. Okemo is based in Ludlow, Vermont.