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Lyft launches in Vermont

Thu, 05/25/2017 - 3:04pm -- tim

Vermont Business Magazine Lyft, the fastest growing ridesharing service in the US, has launched in Vermont. The service area extends from Burlington to Montpelier to Middlebury. Lyft was founded in June 2012 by Logan Green and John Zimmer to reconnect people and communities through better transportation. Lyft is the fastest-growing rideshare company in the US and is available in more than 300 cities. 

Nils Behn: The lopsided treatment of wind power in Vermont

Thu, 05/25/2017 - 2:02pm -- tim

by Nils Behn Last Tuesday the Public Service Board published their final rules on sound level restrictions for wind turbines. The restrictions added up to a rule that is the equivalent of a ban on wind power. Such an action is out of touch with Vermont’s commitment to sourcing 90 percent of our energy from renewables, and is contrary to Vermont statute. Furthermore, it threatens a clean energy sector which has brought millions of dollars into the state in the form of taxes, jobs, and environmental benefits. The wind industry creates good paying jobs where people are rebuilding our local economies, and protecting the planet.

Vermont Restaurant Week donates $21,380 to the Vermont Foodbank

Thu, 05/25/2017 - 1:50pm -- tim

Vermont Business Magazine A total of $21,380 was donated to the Vermont Foodbank as a result of Seven Days' 8th annual Vermont Restaurant Week. This popular event was presented by Vermont Federal Credit Union and organized by Seven Days. “Vermont Restaurant Week is an incredible celebration of food for our community. It raises awareness about the issue of hunger in our state and helps us ensure all of our neighbors have the quality food they need to thrive,” said Vermont Foodbank CEO John Sayles.

Sovernet rebranded FirstLight

Thu, 05/25/2017 - 12:01pm -- tim

Vermont Business Magazine FirstLight, a leading fiber-optic bandwidth infrastructure services provider operating in the Northeast, announced Wednesday that it has completed the next step in its integration process with Sovernet Communications, which is that Sovernet has been rebranded to FirstLight. FirstLight said in a statement that this brand change marks an exciting time of growth for the company. FirstLight will retain the former Sovernet offices and staffing in Bellows Falls, where it was formed in 1995.

FairPoint buyer settles with Maine, NH; Vermont expected soon

Thu, 05/25/2017 - 9:58am -- tim

Vermont Business Magazine Regulators in Maine and New Hampshire reached settlements with Consolidated Communications this week that help clear the way for the FairPoint sale to Consolidated. The company is still meeting with regulators in Vermont, and a settlement is expected there soon, according to the IBEW union. FairPoint is Vermont's largest telecom. Consolidated is expected to acquire FairPoint this quarter. FairPoint agreed to be acquired by Consolidated last December in an all-stock deal valued at about $1.5 billion (includes $887 million in debt).

Target to pay Vermont $170,000 in security breach settlement

Thu, 05/25/2017 - 4:04am -- tim

Vermont Business Magazine Attorney General Thomas J Donovan, Jr has announced that Vermont has joined with 46 other states and the District of Columbia in an $18.5 million settlement with the Target Corporation to resolve the states' investigation into the retail company's 2013 data breach. The settlement represents the largest multistate data breach settlement achieved to date. Vermont will receive $170,000 from the settlement.

GMP launches smart water heater program to help customers save money

Thu, 05/25/2017 - 12:00am -- katie

eSmartwater program is 0.99 cents per month for an Aquanta water heater controller and Nest Learning Thermostat to reduce customers’ overall energy costs

Vermont Business Magazine Green Mountain Power is excited to offer its customers a new opportunity to be part of the energy revolution by reducing energy use, saving money and helping GMP reduce peak energy demand for all customers.

Governor vetoes marijuana bill

Wed, 05/24/2017 - 3:56pm -- tim

Vermont Business Magazine At a well-attended press conference at noon today in the governor's fifth floor conference room, Governor Scott said he would veto S22, the marijuana legalization bill the Legislature passed late in the session. The bill would legalize possession of a small amount of pot while allowing individuals very limited production only for personal use. Unlike in Colorado, the Vermont law would not establish commercial production and sale of marijuana.

Vermont to get $377,000 in OTC drug settlement

Wed, 05/24/2017 - 2:09pm -- tim

Vermont Business Magazine The Attorneys General have reached a $33 million settlement with Johnson & Johnson Consumer Inc. and Johnson & Johnson (“Defendants”), the settlement resolves claims that Defendants, through subsidiary McNeil-PPC, Inc, unlawfully promoted over-the-counter drugs as complying with federal current Good Manufacturing Practices (cGMP) when they did not comply. Under the terms of the settlement agreement Vermont will receive $377,832.59 for costs and fees associated with the litigation.

Kevin Mullin to chair Green Mountain Care Board

Wed, 05/24/2017 - 10:31am -- tim

Vermont Business Magazine One of the most influential members of the state Senate will now lead one of the state's most complex and important regulatory bodies. Governor Phil Scott today announced the appointment of Kevin Mullin as chair of the Green Mountain Care Board (GMCB). The Board is responsible for regulation, innovation and evaluation within Vermont’s healthcare system, with a mission to reduce the rate of healthcare cost growth while ensuring high-quality, accessible care for Vermonters. Scott also named Maureen Usifer as a board member.

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