by Timothy McQuiston Vermont Business Magazine Vermont Business Magazine learned this week that Citizens Bank is closing its Poultney and Castleton branches. According to the Valley News from December 3, Citizens will close its White River Junction branch February 17, citing growing use of online and mobile banking.
Vermont Business Magazine Citizens Financial Group, Inc (NYSE: CFG), with approximately 20 branches across Vermont, today reported fourth quarter net income of $282 million, or $0.55 per diluted common share, up 28% and 31%, respectively, from $221 million and $0.42 per diluted common share in fourth quarter 2015.
Vermont Business Magazine When tens of thousands of families and businesses count on you every day to deliver their power - no interruptions and no exceptions - reliability is everything. Hence the name: Northern Reliability, the newest member of the Vermont Community Loan Fund’s (VCLF) family of borrowers.
Vermont Business Magazine United Way of Northwest Vermont has announced the hiring of Swanton resident and organizational management consultant Molly Lambert as Interim Executive Director. She replaces former Executive Director Martha Maksym, who resigned her position with United Way of Northwest Vermont on January 5 to serve as Deputy Secretary of the State of Vermont Agency of Human Services.
Vermont Business Magazine Vermont's unemployment rate fell one-tenth last month, but the better news was that both the labor force and the number of employed both increased, while the number of unemployed fell. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for December was 3.1 percent. This reflects a decrease of one-tenth of one percentage point from the revised November rate (3.2 percent). The national rate in December was 4.7 percent, up one-tenth.
Vermont Business Magazine Gardener’s Supply Company is being honored with a national, “2017 Green Thumb Award,” by the Direct Gardening Association for its innovative new product, “Plant-a-Bar.” Gardener’s Supply said in a statement that Plant-a-Bar is an ingenious combination of an outdoor bar and an elevated planter – so you can serve a drink with a sprig of fresh herbs picked an arms-length away.
Vermont Business Magazine Governor Phil Scott today announced the appointment of Sarah George as Chittenden County State’s Attorney. George has served as the County’s Deputy State’s Attorney since 2011, where she prosecuted thousands of cases, including aggravated assault, domestic violence, attempted murder and murder.
by Timothy McQuiston Vermont Business Magazine State economists downgraded on Thursday Vermont’s current fiscal year tax revenue expectations as well as next year’s (FY 2017 & FY 2018) and largely blamed the suddenly moribund Corporate Income tax. The Corp tax is below its target by over $9 million halfway through FY17. Economists Tom Kavet and Jeff Carr expect the total shortfall for the year to be $24.6 million for the state’s General Fund when all factors are figured in. Governor Phil Scott wondered whether even that was too rosy a projection.
by CB Hall Vermont Business Magazine Representatives of Vermont's solar industry are for the most part looking to the future with cautious optimism, hoping that the established nature of the no-longer-novel industry will serve as a bulwark against policies that the administration of President Donald Trump, with its skeptical view of renewable energy, might impose.
Vermont Business Magazine CE Bradley Laboratories, a Brattleboro company that manufactures coatings, will design and install a system that captures and controls solvent vapors at its plant, ensuring that workers are protected from solvent emissions and that the environment is protected from a possible release of solvent emissions.
Vermont Business Magazine As Grow Compost heads into 2017, it is focusing on three priorities to help businesses meet the requirements of Act 148, the state’s Universal Recycling Law -- diverting liquid organic wastes from breweries and distilleries, diverting food scraps from businesses, and helping businesses cut the amount of food scraps they throw away. Grow Compost’s expansion plan is being funded through the Vermont Sustainable Jobs Fund, Flexible Capital Fund.
Vermont Business Magazine SunCommon of Waterbury and Sustainable Energy Development (SED) of Ontario, New York, have announced a new partnership, bringing SunCommon’s brand residential solar expertise and innovative Community Solar program to Western NY markets.