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Vermont Chamber remarks on governor's EB-5 trade mission to Asia

Thu, 11/05/2009 - 9:20am -- tim

The Vermont Chamber of Commerce recently returned from a very successful 12-day Trade Mission to the Far East with Governor Jim Douglas, officials from the Agency of Commerce and Community Development, and Vermont business executives.  The Vermont Chamber, which helped organize the trip met with top leaders and investors in Shanghai, Hong Kong, Taiwan, and Hangzhou to entice them to invest in Vermont companies. 

Smugglers Notch road closed again

Thu, 11/05/2009 - 8:18am -- tim

The Vermont Agency of Transportation this morning closed Route 108 through Smugglers Notch. VTrans does not know yet if the road is closed for the winter. It will assess the roadway if/when the weather warms up to see if it can be reopened and inform the public at that time. Motorists at this time should assume the Notch Road will be closed at least through Friday and likely through the weekend.
Source: John Zicconi, Vermont Agency of Transportation

State, Vermont Chamber team up to help companies get government contracts

Thu, 11/05/2009 - 7:06am -- tim

Businesses looking to land lucrative contracts with state and federal governments can get a free lesson next week without ever leaving their offices. The Vermont Chamber of Commerce and Vermont Procurement Technical Assistance Center (PTAC) – a part of the state Department of Economic, Housing and Community Development – are teaming up to present a free webinar on Thursday, November 12 from 11 to 11:30 a.m. to teach businesses the ins and outs of government contracting.

Stantec reports increase in third quarter earnings

Thu, 11/05/2009 - 6:59am -- tim

The third quarter of 2009 resulted in strong operating results for Stantec as gross revenue increased 10.5% to C$384.2 million and net revenue increased 6.1% to C$306.7 million compared to the third quarter of 2008. Gross margin increased from 56.0% to 56.5% and cash from operating activities increased from C$54.6 million in the third quarter of 2008 to C$62.9 million in 2009. Stantec's South Burlington office employs about 45 people, with another 40 in North Springfield.

NBT Bank hires McCarthy as commercial banker for Vermont

Thu, 11/05/2009 - 5:56am -- tim

NBT Bank Regional President Matt Durkee announced that Peter McCarthy has been hired as vice president and senior commercial banking relationship manager. In this position, McCarthy is responsible for developing and managing business relationships with the bank’s commercial customers in Vermont. He is based at the bank’s regional office at 150 Bank Street in Burlington.
“We are pleased to have Peter McCarthy on our commercial banking team,” Durkee said. “His experience serving all types of companies in Vermont will be very beneficial to our customers.”

Stratton plans festive opening for ski season

Thu, 11/05/2009 - 5:51am -- tim

On Wednesday, November 25, the day before Thanksgiving, Stratton Mountain resort will officially begin its 2009-10 ski and snowboard season. The first snowfall fell on the summit in mid-October and the snow guns began operating on Tuesday.
According to Stratton Slopes and Trails Manager Al Desroches “We typically choose the day before Thanksgiving to open because not only is it a festive time, but it will allow us ample opportunity to make enough snow, groom it out, and present the best possible conditions to our guests.”

US Senate passes unemployment benefit extension

Thu, 11/05/2009 - 5:43am -- tim

The Senate voted late this afternoon for a 14-week extension of unemployment insurance benefits. The extension would help about 1,800 Vermonters whose benefits were to have run out by the end of this year. 
“Winter is coming and in Vermont and around the country we simply cannot leave families in the lurch without any source of income,” said Senator Bernie Sanders (I-VT).
Sanders said workers who have lost their jobs during the worst recession since the 1930s have remained unemployed an average of 27 weeks – longer than at any time since the end of World War II.

Matt Dunne announces for governor

Wed, 11/04/2009 - 8:14am -- tim

Former State Senator Matt Dunne of Hartland announced Tuesday that he will be a Democratic candidate for Governor of Vermont. He is emphasizing his business credentials in what promises to be a heavily contested primary. Already, former lieutenant governor and current state Senator Doug Racine (Chittenden County), Secretary of State Deb Markowitz, state Senator Susan Bartlett and, likely, Senate President Pro Tem Peter Shumlin (Windham) have announced their intentions to run for the seat being vacated by Governor Douglas.

Weekly jobless claims fall for first time since September

Wed, 11/04/2009 - 7:47am -- tim

There were 1,138 new regular benefit claims for Unemployment Insurance last week, a decrease of 86 from the week before, as filings fell for the first time since mid-September. The September Vermont unemployment rate was 6.7 percent, down one-tenth from August. However, economists believe that it will rise to over 7 percent by the end of this year. The current US rate is 9.8 percent, up one-tenth from August. Altogether 10,111 new and continuing claims were filed, an increase of 130 from a week ago and 2,566 more than a year earlier.

Mount Snow fires up new generation of quiet snow guns

Wed, 11/04/2009 - 4:55am -- tim

There is an unfamiliar sound in the Mount Snow Valley, it’s the sound of silence. With Peak Resorts investing $9 million in state of the art fan guns, gone are the days of loud air-water equipment, in is the quiet hum of progress. Mount Snow’s veteran team of snowmakers hit the slopes Tuesday night putting North America’s finest fleet of snow making machines to work. Firing up a total of 111 guns Mount Snow is continuing their early season push, having already opened with lift service on October 17th, the earliest in its history.

Level 3 increases fiber network capacity in Vermont

Wed, 11/04/2009 - 4:50am -- tim

Level 3 Communications, Inc has announced that it has increased the capacity of its communications network in Vermont and has expanded the number of businesses that can take advantage of the company’s far-reaching fiber-optic backbone. Additionally, the company has named Tracy Guy-Davis as Level 3’s general manager for New England. In her position, Guy-Davis will focus on delivering an outstanding customer experience for customers in the region.