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VTANG F-16s return home after supporting Operation Inherent Resolve

Wed, 02/22/2017 - 12:25pm -- tim

Vermont Business Magazine The Vermont Air National Guard has announced that Airmen and aircraft from the Guard's 158th Fighter Wing are returning home this afternoon after a three month deployment in support of Operation Inherent Resolve in Iraq and Syria. A squadron of F-16 Fighting Falcons from the 134th Fighter Squadron and approximately 25 Airmen from the wing will be returning home to Vermont Wednesday around 12:30 pm. The F-16s will arrive around 12:30 pm with the approximately 25 Airmen arriving around 3 pm.

Manufacturing projects among $7.1 million in VEDA financing

Wed, 02/22/2017 - 9:55am -- tim

Vermont Business Magazine The Vermont Economic Development Authority (VEDA) has approved $7.1 million in economic development financings, supporting manufacturing, agricultural, energy and small business projects throughout Vermont. Among the projects included are: a $1.5 million loan to Chroma Technology Corporation; loans totaling $999,400 for Olivia's Crouton Company; financing of $294,176 for Rhino Foods; financing of $128,500 for Flex-A-Seal, Inc; and $691,018 to partially finance the purchase of five turnkey solar projects totaling 484 kW for Bove Brothers.

Scott declares Engineering Week in Vermont

Wed, 02/22/2017 - 9:47am -- tim

Vermont Business Magazine Governor Phil Scott declared the week of February 19 as Engineering Week in Vermont. The week is designated to recognize both practicing and aspiring engineers, and the value of scientific and technical skills to help move industry, society and the economy forward. “Engineers are problem solvers, and crucial to strengthening the economy, making Vermont more affordable, and protecting our most vulnerable,” said Gov. Scott.

Fuse explores politics and a brand's new DNA

Wed, 02/22/2017 - 7:44am -- tim

Vermont Business Magazine Youth marketing agency and Burlington-based Fuse has been looking at trends marketers should plan for in 2017. During the last 18 months, Fuse has observed the increased importance that Millennials are placing on knowing the "politics" of the brands they buy. In addition to its history, product attributes, and community involvement, young consumers want to understand where a brand stands on political issues, making politics a new factor in a brand's DNA.

BRAND DNA

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.

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