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Nominate Vermont’s Outstanding Businesses for the Deane C Davis Award

Thu, 01/29/2009 - 6:57am -- tim

Nominations are now being accepted for the 19th Annual Deane C. Davis Outstanding Business of the Year Award, co-sponsored by the Vermont Chamber of Commerce and Vermont Business Magazine.  The winner will be unveiled during the May 20, 2009, opening ceremony of the region s largest business-to-business trade show, the annual Vermont Chamber of Commerce Business and Industry EXPO.  Three award finalists will be profiled in the May issue of Vermont Business Magazine.
 

Merchants Bancshares profits increase

Wed, 01/28/2009 - 11:24am -- tim

Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $11.92 million or diluted earnings per share of $1.96 for the year ended December 31, 2008. This compares with net income of $10.86 million or diluted earnings per share of $1.76 from the previous year. Merchants earned $3.06 million or diluted earnings per share of $0.51 for the quarter ended December 31, 2008, compared to net income of $2.92 million or diluted earnings per share of $0.48 for the same quarter of the previous year.

Peapod joins MyWebGrocer advertising network

Wed, 01/28/2009 - 8:51am -- intern

Colchester--MyWebGrocer has announced that Peapod, serving 14 major US markets, is joining the MyWebGrocer Ad Network. With the addition of Peapod, the majority of retail Grocery Ecommerce transactions occur within the MyWebGrocer Advertising Network.
The addition of Peapod, Peapod by Stop&Shop, and Peapod by Giant to the ninety other leading retailers on the network means that the network now has significant store density in the key New York, Chicago, Washington DC, and Boston DMA s.

Frog Hollow to suspend operations in Middlebury

Wed, 01/28/2009 - 8:46am -- intern

Middlebury--Frog Hollow: The Vermont State Craft Center is suspending operations at its Middlebury location on January 31st. The organization, hard hit by the economic downturn, will suspend operations in Middlebury and focus on its Burlington location and web sales as it takes a strategic pause to determine its next steps and strategy moving forward.

Specialty Food Association welcomes new members

Wed, 01/28/2009 - 8:37am -- intern

Rutland--The Vermont Specialty Food Association welcomes the following businesses as members of the organization:
Aqua Vitea LLC
Aqua Vitea is a kombucha microbrewery located in central Vermont.
Jeff Weaber
8 Shard Villa Rd.
Salisbury, VT 05769
802-352-1049
www.aquavitea.com
Fat Toad Farm
Fat Toad Farm is a small family-run goat dairy in Brookfield, Vermont. They make traditional goats milk caramel (also known as cajeta), and plain and flavored fresh farmstead cheeses.
Judith Irving

Statewide weekly unemployment report released

Wed, 01/28/2009 - 8:27am -- intern

Montpelier--There were 1,306 new regular benefit claims for Unemployment Insurance for the week ending January 24th, a decrease of 338 from the week before. Altogether 15,905 new and continuing claims were filed, 505 less than a week ago and 5,551 more than a year earlier. In addition, the Department processed 1,808 claims for benefits under Emergency Unemployment Compensation, 2008, a decrease of 234 from last week.
The Unemployment Weekly Report can be found at: http://www.vtlmi.info

UVM Professional Certificate in Leadership & Management program now accepting registrants

Wed, 01/28/2009 - 8:09am -- intern

Burlington--Due to popular interest in the Fall Professional Certificate in Leadership & Management program, The Vermont Business Center has added a Spring Professional Certificate program starting March 13th. The Vermont Business Center's Leadership and Management Professional Certificate Program is designed to provide participants with a management "toolkit," including key concepts, vocabulary and analytical tools essential for effective management and strategic decision making.

Champlain’s Global Initiatives programs earn top honors

Wed, 01/28/2009 - 8:00am -- intern

Burlington--Champlain College s innovative international initiatives have earned the college a prestigious award from the Institute of International Education (IIE). The college will receive the 2009 IIE Andrew Heiskell Award for Innovation in International Education on March 19 at a ceremony at the United Nations in New York. The awards, now in their eighth year, were established to promote and honor outstanding initiatives in international higher education among the members of IIE s association of more than 1,000 institutions.

Statewide education assessment results released

Wed, 01/28/2009 - 7:34am -- intern

Montpelier Statewide assessment results for Fall 2008 were released by the Vermont Department of Education today. The results are from the New England Common Assessment Program (NECAP) exams, given to Vermont public school students in grades three through eight and 11. Students were tested in reading and mathematics in all seven grades, and in writing at grades five, eight and 11 only.
The following table illustrates the percent of Vermont students proficient in the content area by grade span:

 

Reading

Math

Writing

Elementary School

IBM layoffs hit Vermont

Tue, 01/27/2009 - 10:23am -- tim

While the exact number of lay offs at IBM s Essex plant was not known at press time, the total number was expected to be under 500. If it were more than 499, IBM would have been required by federal law to notify state officials before the action, which it did not. According to Vermont Department of Labor Commissioner Pat Moulton Powden, she was not informed ahead of time of the layoffs. She confirmed that IBM had laid off less then 500 of its roughly 5,200 employees Tuesday, January 27.

Unemployment climbs to 6.4 percent

Tue, 01/27/2009 - 9:27am -- tim

Montpelier -- The Vermont Department of Labor announced today that the seasonally adjusted unemployment rate for December 2008 was 6.4 percent, up seven-tenths of a point from the revised November rate and up 2.5 points from a year ago.
The nation s job market deteriorated sharply in the fourth quarter and especially in December, said Patricia Moulton Powden, Commissioner of the Vermont Department of Labor. New estimation procedures indicate that Vermont s job market followed those national trends.

Chittenden Bank donates $3,000 to the Committee on Temporary Shelter

Tue, 01/27/2009 - 8:31am -- admin

In 1982, a group of concerned community members and organizations came together to address the needs and concerns of Burlington s homeless population. On December 24, 1982, the Committee on Temporary Shelter (COTS) opened its doors for the first time providing overnight shelter to people without homes during that winter season. In 1983, the organization incorporated as a non-profit and began a year round operation. COTS has become a valuable resource in Chittenden County for individuals in need of shelter, a place to sleep, healthcare, job training and counseling services.

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