Current News

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Leadership Changes Announced at Downs Rachlin Martin

Mon, 02/02/2009 - 8:08am -- tim

Business law attorney Paul H Ode, Jr of Burlington has been elected managing partner and chief executive officer of the law firm Downs Rachlin Martin PLLC. Ode took over on January 1 for John H. Marshall, who has held the post since the firm first adopted a managing partner governance model in 2002.
Ode was elected by the firm s directors in December. He had previously served  as deputy managing partner and is a former chair of the firm s Business Law Group. He joined the firm in 1982 after completing a clerkship with U.S. District Court Chief Judge Albert W. Coffrin.

Economic Response Team Holds First Meeting

Fri, 01/30/2009 - 5:06am -- tim

MONTPELIER, Vt. Nearly 20 people attended and as many participated by phone in the first meeting of a team of government, business, and economic development officials designed to provide a rapid response to Vermont businesses in distress.
The Economic Response Team, an ad hoc group of the state s economic development leaders proposed by Governor Jim Douglas as part of his Inaugural Address, met Wednesday in Montpelier.

Welch votes for American Recovery and Reinvestment Act

Thu, 01/29/2009 - 11:39am -- admin

Stimulus bill would bring $1.2 billion to Vermont through infrastructure development and tax relief
WASHINGTON, DC – Rep. Peter Welch supported and the House passed Wednesday the American Recovery and Reinvestment Act (ARRA), a major effort to rebuild the economy by providing tax relief, creating green jobs and investing in the future. The vote was 244-188.

Ethan Allen Furniture Establishes a Contract Division

Thu, 01/29/2009 - 9:49am -- tim

DANBURY, Conn.--(BUSINESS WIRE)--Jan. 21, 2009--Ethan Allen Interiors Inc. (NYSE: ETH) today announced the launch of a new initiative establishing a Contract Division. Daniel Grow, former President and CEO of Drexel Heritage Furniture and most recently President of D.M. Grow Inc., will join Ethan Allen to lead the initiative. In addition, Daniel Grow will also be responsible for the growth of Ethan Allen's International Design Center Development program.

"Best Companies to Work for in Vermont" announced

Thu, 01/29/2009 - 9:00am -- tim

The "Best Companies to Work for in Vermont" ceremony will take place April 1 at Main Street Landing in Burlington. We will honor five Large Companies (over 150 employees) and 10 Small & Medium Sized Companies (15 to 149 employees) as the Best Companies to Work for in Vermont. All the honorees are listed below. The rankings in each category will be announced at the event.  
Presented by Vermont Business Magazine.

Vermont Pure sales increase, announces impairment write down

Thu, 01/29/2009 - 8:35am -- tim

WATERTOWN, Conn., Jan. 29 /PRNewswire-FirstCall/ -- Vermont Pure Holdings, Ltd. (NYSE Alternext: VPS) announced financial results for the fiscal year ended October 31, 2008 and filed these results on Form 10-K with the Securities and Exchange Commission yesterday.
Operating Results for Fiscal Year ended October 31, 2008
Sales increased 6% to $69.2 million from $65.2 million in fiscal year 2007. This increase reflected higher volumes of coffee and related products and the effect of fuel surcharges, partly offset by small declines in water sales and cooler rentals.

Green Mountain Coffee expands Tennessee operation

Thu, 01/29/2009 - 8:09am -- tim

WATERBURY, Vt.--(BUSINESS WIRE)--Just months after opening its new manufacturing plant in Knox County, Tennessee, Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR) today announced that it will begin installation of coffee processing equipment in the facility. The equipment will be used for cleaning, storing and roasting green coffee as well as for blending and grinding roasted coffee. GMCR will be investing approximately $8 million for this project through the end of its fiscal year 2009, consistent with capital investment plans.

Small business employs more than 60 percent of Vermont's workers

Thu, 01/29/2009 - 7:49am -- tim

WASHINGTON, D.C. Vermont's economic recovery will depend on small business. That message is driven home in the newly updated Vermont Small Business Profile released today by the Office of Advocacy of the U.S. Small Business Administration. The most recent data show that the state has 18,937 small employers, and they employ 63.5% of the state s workforce, the third highest percentage in the country.

Champlain College and HR Sentry offer online workshops

Thu, 01/29/2009 - 7:17am -- tim

Layoffs - Budget Cuts - Downsizing. Every day there seems to be another news story covering the fallout from the current economic downturn. Today's economy has created an increasingly challenging environment for human resource administrators. If you are the person responsible for the HR functions of your organization, you may know that there are federal and state employment laws that can help you maneuver through these difficult times - but how familiar are you with them?