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Pizzagalli awarded $8 million contract for Fletcher Allen building

Fri, 05/22/2009 - 10:13am -- tim

Pizzagalli Construction Company of South Burlington started work this week on a new Radiation Oncology facility on the Medical Center Campus at Fletcher Allen Health Care.  The $8 million project, designed by Cannon Design, will include approximately 23,000 square feet of new construction.  The total cost of the project, including the structure and new medical equipment, is $19.3 million. It will be built into the hillside on the east side of the Ambulatory Care Center.

Governor Douglas vetoes Vermont Yankee decommissioning bill

Fri, 05/22/2009 - 9:20am -- tim

Governor Jim Douglas today issued a veto of H436, An Act Relating to Decommissioning Funds of Nuclear Energy Generation Plants. The legislation sought to guarantee that Vermont Yankee owner Entergy Corp ensure that it would have sufficient funds to close up the plant once it stops producing electricity. Entergy had counted on investments to cover the cost, but the stock market retraction has resulted in those funds suffering. The original license expires in 2012.

Douglas budget contains additional $850,000 for marketing Vermont as tourist destination

Fri, 05/22/2009 - 8:48am -- tim

Officials in the tourism and hospitality industry said they were pleased that the alternative budget approach proposed by Governor Jim Douglas contains an additional $850,000 to market the state. With the summer tourism season unofficially kicking off over Memorial Day Weekend, Tourism and Marketing Commissioner Bruce Hyde said the money couldn t come at a better time.

Unemployment drops slightly to 7.1 percent

Fri, 05/22/2009 - 8:36am -- tim

The Vermont Department of Labor announced today that the seasonally adjusted unemployment rate for March 2009 was 7.1 percent, down one-tenth of a point from the revised March rate and up 2.5 points from a year ago. Unemployment rates for Vermont s 17 labor market areas ranged from 4.2 percent in Hartford to 10.9 percent in Newport. Local labor market area unemployment rates are not seasonally adjusted. For comparison, the April unadjusted unemployment rate for Vermont was 7.7 percent, down two-tenths of a point from March 2009 and up 2.9 points from a year ago.

VAB honors Vermont commercial of the year winners

Fri, 05/22/2009 - 7:12am -- tim

Rutland radio station WDVT and Colchester television station WVNY won top honors in the 2009 Vermont Association of Broadcasters “Commercial of the Year” competition.
More than 160 entries were received from radio stations, television stations and advertising agencies around Vermont. The awards were presented earlier this month at the VAB Convention at the Capitol Plaza Hotel in Montpelier.

MMU students win statewide business plan competition

Fri, 05/22/2009 - 7:05am -- tim

Present and former MMU business/entrepreneur students get rave reviews speaking at the 25th VT Business and Industry EXPO at the Sheraton Hotel - May 20th --plus MMU team "Hearts for Haiti" takes 1st place in the statewide business plan competition  - presented by Comcast and Governor Douglas - winning $1,000 and will donate the funds to the Vermont Haiti Project to help others in need - in Haiti - for clean drinking water.

Speaker Smith announces public hearings on budget proposals

Thu, 05/21/2009 - 11:01am -- tim

Speaker Shap Smith today announced that he and Senate President Pro Tem Peter Shumlin have asked money committees and chairs to hold public hearings next week on the Governor Douglas newly submitted budget. They have also asked that Douglas' proposals, announced Tuesday, be submitted in budget form. The governor's proposal cuts about $42 million from the $4.5 billion budget the Legislature passed two weeks ago.

Champlain Cable introduces new insulation system for lead wires and cable

Thu, 05/21/2009 - 10:29am -- tim

Champlain Cable Corporation of Colchester, Vermont announces the release of its newest product line, EXAR(R) XLE. XLE product technology combines flexibility of an elastomer and the toughness of an XLPE insulation.
It is important to note that, according to a recent news release issued on the DuPont Performance Elastomers website, Hypalon(R) will "cease production" and "exit the business." XLE fills this void and is technically superior to Hypalon(R) in most wire and cable applications.

Governor Douglas signs on to new multi-state Climate Coalition

Thu, 05/21/2009 - 6:31am -- tim

Governor Jim Douglas today reaffirmed Vermont s role as a leading voice on national climate policy and a champion of  energy consumers by signing on to the newly formed 30-state Governors Climate Coalition, which will work with Congress to find common ground for a comprehensive national energy strategy and climate change action.
The Governor, who takes over chairmanship of the National Governors Association in July, praised the gamut of states from across that country who signed on to the Coalition.

iTech's Kishore Khandavalli named finalist for NE entrepreneur award

Thu, 05/21/2009 - 6:20am -- tim

iTECH has announced that CEO Kishore Khandavalli is a finalist for the Ernst & Young Entrepreneur Of The Year 2009 Award for New England. The Ernst & Young the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities.  Kishore Khandavalli was selected as a finalist from hundreds of nominations by a panel of independent judges.  Award winners will be announced at a special gala event on June 16th at the Marriott Newton Hotel in Boston.