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Moody’s upgrades Burlington’s credit rating to 'A2'

Wed, 11/29/2017 - 4:08pm -- tim

Vermont Business Magazine Moody’s Investors Service upgraded the City of Burlington’s credit rating from A3 to A2 on Monday, November 27, 2017, before the City Council resolved the sale of Burlington Telecom. In its Credit Report, Moody’s stated that, “The management team, in place since 2012, remains committed to improving the city's financial position.”

Vermont’s 529 college savings plan tops $350 million in assets

Wed, 11/29/2017 - 3:52pm -- tim

Vermont Business Magazine Investments in Vermont’s 529 college savings plan have reached another milestone, topping $350 million in assets, the Vermont Student Assistance Corp announced today. Vermont’s plan, the Vermont Higher Education Investment Plan, or VHEIP, turns 18 this year, the same age as students heading off to college or other educational opportunities after high school graduation.

With more than 20,000 accounts, VHEIP has paid out over $143 million to help more than 5,800 students over the years to continue their education.

Age Well receives $25K grant from Walmart Foundation to support Meals on Wheels

Wed, 11/29/2017 - 3:48pm -- tim

Vermont Business Magazine Walmart and the Walmart Foundation recently presented a $25,000 grant to Age Well in support of its efforts to deliver more than 250,000 meals over the next year to homebound seniors and support infrastructure that will ensure greater quality and efficiencies in meal preparation and delivery for the largest Meals on Wheels provider in the state of Vermont.

Ricin exposure reported at retirement home in Shelburne

Wed, 11/29/2017 - 2:42pm -- tim

Vermont Department of Public Safety On November 28, 2017, first responders were called to Wake Robin, a retirement community located in Shelburne, to investigate a report of a possible Ricin exposure. During their initial investigation, a substance field tested positive for the toxic poison Ricin.  Confirmatory testing at the Vermont Department of Health Laboratory completed early this morning was also positive for Ricin toxin.

Sanders challenges GOP: Tell us you won’t cut Social Security, Medicare, Medicaid

Wed, 11/29/2017 - 2:07pm -- tim

Vermont Business Magazine On the Senate floor Wednesday, Senator Bernie Sanders (I-Vermont) challenged Republicans to tell him he is “wrong” – that they will not cut Social Security, Medicare and Medicaid if the tax bill passes and creates a $1.4 trillion deficit. Sanders predicted that in order to pay for the tax cuts for the wealthy and corporations, Republicans will move swiftly to cut Social Security, Medicare, Medicaid and other programs that working families desperately need.

$1.3 million grant to help Vermont State Police combat opioid epidemic

Wed, 11/29/2017 - 1:23pm -- tim

Vermont Business Magazine Senate Appropriations Committee Vice Chairman Patrick Leahy (D-Vt.) Wednesday announced a grant of more than $1.3 million for the Vermont State Police (VSP) to continue its aggressive work fighting the opioid epidemic in Vermont. This was the second-largest of only eight grants awarded nationwide through the highly competitive COPS Anti-Heroin Task Force (AHTF) grant program that Leahy created in the fiscal year 2015 Commerce, Justice, and Science (CJS) appropriations bill. 

Vermont requests federal disaster declaration

Tue, 11/28/2017 - 2:59pm -- tim

Vermont Business Magazine Governor Phil Scott has made a request for federal disaster funds to assist communities and public utilities in 10 Vermont counties in paying for repairs to public infrastructure damaged in wind and rain storms on October 29 and 30. Communities and public utilities that operate in Addison, Chittenden, Essex, Franklin, Grand Isle, Lamoille, Orange, Orleans, Washington, and Windham counties sustained damages that meet or exceed minimum thresholds to be eligible for a Public Assistance disaster declaration.

TD Bank awards $100K grant to Housing Vermont for home ownership

Tue, 11/28/2017 - 2:49pm -- tim

Vermont Business Magazine  Today the TD Charitable Foundation awarded Housing Vermont a $100,000 grant to create home ownership opportunities while improving neighborhoods through the rehabilitation of dilapidated or vacant homes. In presenting the check, TD Bank Market President Phil Daniels congratulated Housing Vermont for its successful application to the highly competitive TD Charitable Foundation Major Grant program.

Vermont joins multistate brief opposing roll back of contraception coverage mandate

Tue, 11/28/2017 - 12:40pm -- tim

Vermont Business Magazine Attorney General TJ Donovan today joined a coalition of 19 attorneys general in filing an amicus brief opposing the Trump Administration’s decision to roll back a requirement under the Affordable Care Act (ACA) for employers to include birth control coverage in their health insurance plans. The amicus brief, filed today with the United States District Court for the Eastern District of Pennsylvania, supports the Commonwealth of Pennsylvania’s lawsuit seeking to stop the federal government from enforcing a new regulatory rule. This rule would authorize any employer with a religious or moral objection to contraception to block their employees, and their employees’ dependents, from receiving health insurance coverage for contraceptive care and services.

Sanders unveils plan to rebuild Puerto Rico and Virgin Islands

Tue, 11/28/2017 - 12:13pm -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont), along with five cosponsors in the Senate, introduced a comprehensive plan Tuesday to address the immediate humanitarian needs in Puerto Rico and the US Virgin Islands and ensure that the islands not only recover, but are able to rebuild in a way that empowers them to thrive. The Puerto Rico and Virgin Islands Equitable Rebuild Act is cosponsored in the Senate by Senators Richard Blumenthal (D-Conn), Kirsten Gillibrand (D-N.Y.), Kamala Harris (D-Calif) Ed Markey (D-Mass) and Elizabeth Warren (D-Mass). Reps.

Lake Champlain Community Sailing Center gets $150K grant from Cox Foundation

Tue, 11/28/2017 - 11:10am -- tim

Vermont Business Magazine The Lake Champlain Community Sailing Center (CSC) has received a $150,000 grant from the James M Cox Foundation in support of its Love Your Lake capital campaign. The CSC’s Love Your Lake capital campaign is supporting the construction of its 22,180-square-foot new home on the Burlington waterfront: the Pomerleau Community Waterfront Campus and Raymond P Sullivan Sailing Education Center. Through this grant, the CSC will be closer to closing out the campaign. Cox Automotive is the parent company of Burlington's Dealer.com.

UVM Study: To address hunger effectively, first check the weather

Tue, 11/28/2017 - 10:41am -- tim

University of Vermont Too little rain, or too much, is often a driver of poverty and hunger, leading to poor nutrition and food insecurity among vulnerable populations. According to a new University of Vermont study, rainfall patterns also provide clues on how to most effectively alleviate food insecurity. The study, just published in Scientific Reports, is the first to analyze on a large scale the relationship between food insecurity among smallholder farms in Africa and Asia, rainfall patterns and a range of interventions - from agricultural inputs to agricultural practices to financial supports - designed to address the issue. 

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