Current News

-A A +A

Scott, VCRD, utilities look to develop 'climate smart' communities

Fri, 02/17/2017 - 1:44pm -- tim

Vermont Business Magazine The Vermont Council on Rural Development (VCRD) joined with Governor Phil Scott and partners including Green Mountain Power, Efficiency Vermont, Vermont Electric Coop and Washington Electric Coop today to launch the Climate Economy Model Communities Program. VCRD will join with the utilities and other partners to facilitate a process in two communities annually to help them build and implement locally developed plans modeling state-of-the-art rural development in an age of climate change.

Vermont PBS sells Mt Ascutney license for $56 million

Fri, 02/17/2017 - 10:43am -- tim

Vermont Business Magazine Vermont PBS announced today that it accepted a bid of $56 million for one of its four broadcast licenses, WVTA, in the Federal Communications Commission’s spectrum auction. Vermonters will not see any reduction in over the air coverage. Vermont PBS will reengineer its network and upgrade its remaining signals to replicate coverage transmitted from Mt Ascutney.

Bernie Sanders seeks to expand Social Security

Fri, 02/17/2017 - 10:08am -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont) introduced legislation Thursday to expand Social Security benefits and strengthen the retirement program for generations to come. Representative Peter DeFazio (D-OR) introduced a companion bill in the House.The legislation would ensure that Social Security could pay every benefit owed to every eligible American for the next 61 years, according to a new analysis Thursday by the retirement system’s chief actuary.

Weekly unemployment claims inch down

Fri, 02/17/2017 - 9:49am -- tim

Vermont Business Magazine Weekly unemployment claims remained relatively flat again last week. By industry, Services were slightly higher than Construction, which had reported the most claims over the last few weeks. Most times of the year, Services record the most claims. The spikes in the graph below reveal the volatility in hiring and firing around the holidays.

For the week of February 11, 2017, there were 554 claims, down 8 from the previous week's total and 23 more than than they were a year ago. Year-to-year claims have been lower the last several weeks.

Merchants Bank WARMTH challenge grant helps raise over $154,000

Fri, 02/17/2017 - 9:25am -- tim

Vermont Business Magazine Merchants Bank partnered with WARMTH again this year to help prevent low-income Vermonters across the state from going without heat this winter.  Merchants Bank matched dollar-for-dollar donations raised for WARMTH throughout the month of December.  Coupled with the Merchants Bank match of $35,000, the Vermont community raised $154,037.

Mondo selected for Rutland regional marketing effort

Fri, 02/17/2017 - 9:23am -- tim

Vermont Business Magazine One of Vermont’s Rising Stars is about to start marketing one of Vermont’s rising regions. Mondo Mediaworks, headed by Luke Stafford, a 2016 Vermont Business Magazine Rising Star, has been selected from a field of nearly two dozen bidders to create regional marketing campaigns aimed at rebranding the greater-Rutland region, putting to bed myths about a lack of local jobs, and reversing downward population trends.

UVM rises to Number 23 nationally CPA exam success

Fri, 02/17/2017 - 4:12am -- tim

Vermont Business Magazine The University of Vermont now ranks among the top 25 institutions nationally for its pass rate on the Certified Public Accountants (CPA) exam, based on the latest rankings from the National Association of State Boards of Accountancy. The university’s 78.6 percent first-time pass rate is based on the scores of 49 students, primarily graduates of UVM’s Master of Accountancy (MAcc) program in the Grossman School of Business, and ranks among the top three percent nationally, well above the U.S. and international pass rate of 54.4 percent.

Schubart: Civics and media literacy

Fri, 02/17/2017 - 3:23am -- tim

by Bill Schubart If current political events have taught us anything, it’s how vulnerable we all are to misinformation and innuendo. And if 80% of us don’t trust our own government, we must then ask how many Americans even understand how their government works or their own role in a vibrant democracy. Three quarters of Americans can’t name the three branches of government and one third can’t name even one branch.

New trustees appointed to University of Vermont Health Network, CVMC

Thu, 02/16/2017 - 4:34pm -- tim

Vermont Business Magazine The University of Vermont Health Network (UVMHN) and Central Vermont Medical Center (CVMC) announced today additions to their respective leadership teams. UVMHN announces five new Board of Trustees appointments, whose four-year terms became effective Jan. 1, 2017. They replace five members of the 17-member board whose terms ended at the close of 2016.

AG settles $35,000 credit card security breach case

Thu, 02/16/2017 - 4:06pm -- tim

Vermont Business Magazine Attorney General Thomas J. Donovan, Jr reached a settlement yesterday with the Grand Buffet restaurant in Essex Junction. The investigation arose from security breaches where at least one employee stole customers’ credit card numbers. The thefts, which took place in 2014, involved at least 100 customers. The resulting credit card fraud totaled approximately $35,000. 

Burlington confronts opioid crisis

Thu, 02/16/2017 - 3:59pm -- tim

Vermont Business Magazine Mayor Miro Weinberger today released new principles and announced the pursuit of new initiatives to address the deepening opioid crisis in the region that has resulted in a significant 38 percent increase in opioid-related deaths in Vermont from 76 in 2015 to an estimated 105 in 2016. In Chittenden County, indicators such as retail theft and opioid-related arrests also show a growing crisis. The City is moving on numerous fronts to organize a sustained local effort to turn the crisis around, and announced today new partnerships with the University of Vermont Medical Center, the Chittenden County State’s Attorney, and metro area police departments.

Himalayan Cataract Project semi-finalist for $100 million grant

Thu, 02/16/2017 - 3:25pm -- tim

Vermont Business Magazine The Himalayan Cataract Project, based in Waterbury, is one of eight groups named as semi-finalists in 100&Change, a global competition for a single $100 million grant from the John D and Catherine T MacArthur Foundation. In June 2016, the MacArthur Foundation launched the competition, offering a $100 million grant to fund a single project which makes measurable progress towards solving a significant global problem. The winner will be announced later this year.