Current News

-A A +A

Road Pitch 2017 stops in Hyde Park August 4

Thu, 07/20/2017 - 11:27am -- tim

Vermont Business Magazine The Lamoille County stop on the statewide Road Pitch will be held August 4 in Hyde Park. The Lamoille Economic Development Corporation (LEDC) has selected and extensively coached six local entrepreneurs who will present their seven minute “pitches” to 40 or more motorcycle riders who are themselves successful entrepreneurs, venture capitalists, angel investors and business advisors.

Do Good Fest raises $35,000 for Branches of Hope cancer patient fund

Thu, 07/20/2017 - 9:31am -- tim

​Vermont Business Magazine National Life Group’s fourth annual Do Good Fest, Presented by The Point, over the weekend raised $35,000 for Branches of Hope, a fund that helps cancer patients with expenses during their treatment. The annual festival, which this year attracted more than 7,000 people, has now contributed $93,000 to the cancer patient fund at Central Vermont Medical Center, helping countless Vermonters pay expenses ranging from transportation to heating bills while they’re undergoing treatment.

Farming industry can reap benefits from wind power

Thu, 07/20/2017 - 4:53am -- tim

Vermont Business Magazine Barre-based Northern Power Systems Corp, a wind turbine technology firm for over 40 years, has seen a surge of interest in wind power in distributed energy (behind-the-meter, on-site power generation) applications in the United States, as the performance and financial benefits of field installations surpass user expectations.

Welch, Canadian Border colleagues join together to renew Northern Border Regional Commission

Thu, 07/20/2017 - 4:10am -- hannah@vermontb...

Vermont Business Magazine Rep.  Peter Welch and House colleagues representing districts along the U.S. Canadian border have introduced the Northern Border Regional Commission Reauthorization Act of 2017, which would reauthorize the Northern Border Regional Commission (NBRC) for five years. In Vermont, the Commission is authorized to fund economic and community development projects in Caledonia, Essex, Franklin, Grand Isle, Lamoille, and Orleans counties. Between 2010 and 2016, it provided $5.5 million in funding for 33  Vermont projects. 

NEFCU summer shred fest destroys 12 tons, 300 hard drives

Thu, 07/20/2017 - 3:09am -- tim

Vermont Business Magazine New England Federal Credit Union’s (NEFCU) summer Shred Fest, held on Saturday, July 15th at its Main Branch, 141 Harvest Lane in Williston, destroyed 24,000 pounds—12 tons—of sensitive documents and 300 computer hard drives. By destroying documents and computer drives with sensitive personal information, NEFCU Shred Fests help prevent identity theft. Document and hard drive destruction is one of the best defenses against unauthorized access to personal data.

Berkshire Hills reports increase in 2Q earnings; dividend declared

Wed, 07/19/2017 - 5:40pm -- tim

Vermont Business Magazine Berkshire Hills Bancorp, Inc, with branches in southern Vermont, reported second quarter 2017 net income of $19.7 million, or $0.53 per share.  Core earnings totaled $21.6 million, or $0.58 per share. Net income was up 23% year-over-year, while core earnings grew 31% due to the benefit of business expansion.  Net income per share increased by 2%, while core EPS increased by 7%.  Net income was impacted by net non-core charges related primarily to acquisitions.

Sanders, Conyers, Holmes Norton announce youth jobs bill

Wed, 07/19/2017 - 4:44pm -- tim

Vermont Business Magazine At a time when over 5.3 million young people in America do not have jobs, Senator Bernie Sanders (I-Vermont), Rep. John Conyers (D-Mich.) and Rep. Eleanor Holmes Norton (D-D.C.) announced Wednesday at the Sasha Bruce Youthwork center in Washington, D.C. that they will introduce legislation to help young people find work.

Illick, Lewis Creek Association honored with GMP-Zetterstrom Environmental Award

Wed, 07/19/2017 - 4:20pm -- tim

Vermont Business Magazine Marty Illick and the Lewis Creek Association, a leading Vermont water quality and conservation organization, have been honored with the eighth annual GMP-Zetterstrom Environmental Award. The award, named for famed osprey advocate Meeri Zetterstrom of Milton, was presented Wednesday for more than 25 years of work and education to improve the Lewis Creek watershed, which spans Ferrisburgh, Monkton, Charlotte, Hinesburg, Starksboro and Bristol in Addison and Chittenden counties.

$500,000 granted for new Burlington waterfront park

Wed, 07/19/2017 - 4:12pm -- tim

Vermont Business Magazine Senators Patrick Leahy (D-Vermont) and Bernie Sanders (I-Vermont), along with Congressman Peter Welch (D-Vermont), announced Wednesday that Burlington had been selected for a $500,000 Outdoor Recreation Legacy Partnership (ORLP) program competitive grant from the National Park Service, which will help the city acquire 12 acres on shores of Lake Champlain to develop a new city park and eventually develop a trail connecting two other park properties as well as other recreational amenities.  Funding for this project was awarded after a 2016 letter of

BED issues 'Defeat the Peak' alert for Thursday

Wed, 07/19/2017 - 2:16pm -- tim

Vermont Business Magazine The Burlington Electric Department today issued a peak day alert for Thursday as part of its newly-launched Defeat the Peak program, encouraging members of the Burlington community to reduce their energy usage tomorrow between 3:00pm and 7:00pm. Burlingtonians can lend a hand by taking the following steps on what is projected to be a very hot, summer day.