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New unemployment claims fall from previous week

Wed, 04/29/2009 - 7:16am -- tim

Week Ending April 25, 2009. There were 1,501 new regular benefit claims for Unemployment Insurance last week, a decrease of 97 from the week before. Altogether 18,430 new and continuing claims were filed, 561 less than a week ago and 7,397 more than a year earlier. The Department also processed 2,122 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 52 more than a week ago. In addition, there were 1,299 Second Tier claims for benefits processed under the EUC08 program which is an increase of 39 from the week before.

Vermont Farm Viability Program awards $40,000 to meat processors

Wed, 04/29/2009 - 7:07am -- tim

The Vermont Farm Viability Program announced today $40,000 in grant awards to meat processing facilities in Troy, Randolph, Barre and Enosburg. The grants are the first round of a new funding opportunity for agriculture-related businesses, established to develop and invest in agricultural infrastructure and to improve the viability of agriculture-related businesses. Two subsequent rounds of grant funding will be announced later this year and in 2010. Eleven processors with combined requests of $183,600 applied for $40,000 of available funding.

Sugarbush wins national guest service award

Wed, 04/29/2009 - 6:59am -- tim

The National Ski Areas Association announced on Tuesday that Sugarbush Resort has won the Association s top honor for guest service. The Best Overall Guest Service Program award is given to the resort with the best guest service program in the country. Resorts are categorized by visitation numbers. The prize is in recognition of Sugarbush s SugarTube initiative, an interactive video sharing function that it unveiled on this past season.

Two new start-ups, UVM license agreement featured at Center for Emerging Technologies

Wed, 04/29/2009 - 5:24am -- tim

Two new start-ups, as well as a UVM technology license agreement, were announced Tuesday at the Center for Emerging Technologies' 4th annual Invention to Venture (I2V) Conference at UVM s Davis Center.
Governor Douglas was joined by Lieutenant Governor Brian Dubie to announce the new Technology License between UVM and Swanton's Leader Evaporator to manufacture and distribute a unique Maple Spout Adapter.  The Maple Spout Adapter was developed by Timothy Perkins, Director of UVM s Proctor Maple Research Center. 

NECI to close Essex campus, consolidate operations in Montpelier

Tue, 04/28/2009 - 10:40am -- tim

The New England Culinary Institute s Board of Directors announced today that it has approved recommendations proposed by the school s administration to unify campuses to its Montpelier location, while at the same time expand both the scope of NECI s educational offerings and the options for delivery of those programs to students.

Swine flu precautions urged for travelers

Tue, 04/28/2009 - 9:55am -- tim

In light of the current threat of swine influenza in Mexico and certain US states, the Vermont Chamber Hospitality Council is urging Vermont s tourism industry to remain alert to the symptoms of the flu, while realizing that health officials are taking all necessary steps to help treat those individuals and contain the disease before it spreads.  Of the 64 cases identified nationwide, there have been no deaths reported from this influenza strain in Vermont or the US.

Welch seeks 18 percent cap on credit card interest rates

Tue, 04/28/2009 - 9:52am -- tim

US Rep. Peter Welch announced Tuesday he will seek an amendment to the Credit Cardholder s Bill of Rights that would cap credit card interest rates at 18 percent. Welch announced the amendment at a Capitol Hill press conference Tuesday morning alongside two cosponsors, Rep. Maurice Hinchey (D-NY) and Rep. John Tierney (D-MA). The Credit Cardholder s Bill of Rights is expected to be voted on in the House of Representatives on Thursday.

UVM College of Medicine names William Jeffries new senior associate dean for education

Tue, 04/28/2009 - 9:49am -- tim

University of Vermont College of Medicine Dean Frederick C. Morin, M.D., has announced that following a national search, William B. Jeffries, Ph.D., has accepted the position of Senior Associate Dean for Education. Dr. Jeffries will assume this role on August 1, 2009, and will relocate to Vermont from Omaha, Nebraska, where he is the Associate Dean for Medical Education and Director of Academic Computing at Creighton University School of Medicine.

VEDA approves $8 million in economic development financing

Tue, 04/28/2009 - 9:45am -- tim

The Vermont Economic Development Authority (VEDA) has approved $8 million in financing to support economic development projects totaling $20 million throughout the state.
In this round of financing approvals, VEDA is pleased to help a number of Vermont businesses in their growth plans through direct lending, or by insuring working capital loans provided by local commercial lenders, said the Authority s Chief Executive Officer Jo Bradley. Also, several agricultural, educational, small business and energy conservation projects are receiving VEDA financing.

Economist David Hale to speak May 28th on 'Crawling out of Recession?'

Tue, 04/28/2009 - 9:29am -- tim

David Hale, a St. Johnsbury native, is one of the world’s leading economic consultants, with clients in the US, UK, Australia, South Africa, Japan, Hong Kong, and China, where he is chair of China OnLine. This is the sixth time that the Ethan Allen Institute has had the pleasure of presenting David Hale to the Vermont business and finance community and the general public, in what we hope will be the beginning of a series of such programs at the Sheraton Burlington.

Burlington's Miller Center gets $166,000 grant

Mon, 04/27/2009 - 9:27am -- tim

Rep. Peter Welch announced a $166,000 federal grant for the Robert Miller Community and Recreation Center Monday at a Burlington press conference with Mayor Bob Kiss.
The grant secured by Welch will support Burlington s transformation of the Gosse Court Armory into a multi-use community center with a gym, a community room, a teen center and other public space. The $1.2 million project also received funding from the City of Burlington, private donors and developer Robert Miller.

EPA approves revised superfund plan for Burlington's barge canal

Mon, 04/27/2009 - 8:58am -- tim

The EPA is moving forward with modifications to part of the underwater cap at the Pine Street Canal Superfund Site in Burlington, Vermont. The portion of the cap that was installed several years ago will be repaired and improved.  In 2006, EPA performed a Five Year Review of work previously performed at the Burlington site and found that some portions of the cap were leaking oil and coal tar.  The EPA and the Vermont Department of Environmental Conservation will oversee the cap modification work.