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Moody’s affirms Burlington’s 'A' credit rating, improves outlook to 'Positive'

Wed, 03/15/2017 - 3:51pm -- tim

Vermont Business Magazine Moody’s Investors Service revised the City of Burlington’s outlook to positive and affirmed the City’s A3 credit rating on Monday (see Burlington ratings table below). In its Credit Report released March 13, Moody’s stated “The city remains committed to improving its financial position and has generated four consecutive surpluses (audited 2013-2016). Management adheres to the fund balance policy adopted by the Council in 2015 and has been budgeting $1 million annually for reserve replenishment. The policy targets an unassigned fund balance of 10-15 percent, and the city achieved that in fiscal 2016, well ahead of schedule.”

Vermont ranked as 'Safest State'

Wed, 03/15/2017 - 3:20pm -- tim

Vermont Business Magazine The Website 24/7 Wall St (247wallst.com) has recently released its ranking of The Safest States in America, with Vermont coming in first. New England did well in the study, which leaned heavily on crime statistics. Maine was number 2, New Hampshire was number 4 and Connecticut was number 6. There is warning sign, however, as crime in Vermont went up noticeably last year, which we can surmise to be caused by the growing opiate problem and a staggering increase in robbery.

PAI: 2017 kicks off strong for jobs

Wed, 03/15/2017 - 1:26pm -- tim

Public Assets Institute The year is off to a good start: Vermont added 1,300 jobs in January, all in the private sector. Since January 2016 the private sector has netted 2,700 new jobs, many of them in accommodation and food service and health care and social assistance services. With nearly 260,000 private sector jobs, Vermont hit an all-time peak in January.

South Burlington’s Dumont Park wins public places honor award for Dumont Park

Wed, 03/15/2017 - 3:10am -- tim

Vermont Business Magazine LandWorks recently received an Honor Award for their work in the development of South Burlington’s planned Dumont Park, which will provide a publicly accessible passive recreation space that will serve South Burlington’s envisioned City Center downtown and surrounding areas. Other members of the multi-disciplinary team led by LandWorks include Engineering Ventures, North Woods Ecological Consulting, and Ecological Artist/Designer Jackie Brookner. 

Vermont is top rated state by business credit score

Tue, 03/14/2017 - 2:24pm -- tim

Vermont Business Magazine It’s no secret that personal credit scores are a barometer of financial strength. The better your score, the easier (and cheaper) it is to get things like a mortgage or car loan. But, did you know small business owners have a separate business credit score for their company? The two scores share commonalities, both impact a business owner’s ability to get financing, but they also have surprising differences. In either case, Vermont is a leader in both. Vermont finished first on the business credit score and second in personal.

FirstLight and Sovernet Communications combine operations

Tue, 03/14/2017 - 1:33pm -- tim

Vermont Business Magazine FirstLight Fiber, a leading fiber-optic bandwidth infrastructure services provider operating in the Northeast, announced today that Oak Hill Capital Partners has completed its acquisition of Sovernet Communications and has combined the operations of Sovernet with FirstLight. Oak Hill has acquired several telecom providers over the last year with an emphasis on fiber optic networks and combined them under the FirstLight brand.

Donovan supports Hawaii's restraining order request against travel ban

Tue, 03/14/2017 - 1:13pm -- tim

Vermont Business Magazine Attorney General Thomas J Donovan, Jr, joined nine other attorneys general yesterday and filed an amicus brief in the Federal District Court for Hawaii in support of the State of Hawaii’s request for a temporary restraining order enjoining the enforcement of the revised Executive Order issued on March 6, 2017.

Statement from Governor Scott on winter storm Warning and state’s preparation

Tue, 03/14/2017 - 12:19pm -- tim

Vermont Business Magazine Governor Phil Scott today issued the following statement: “Vermont is under a statewide Winter Storm Warning and a Blizzard Warning for the western edge of Vermont, through Wednesday evening. My Administration is closely monitoring the storm and potential impacts on Vermont’s roadways, infrastructure and public safety." The Western and Southern parts of the state are expected to be hardest hit, with accumulations up to 18 inches by Wednesday night.

Vermont AG responds to small business issues

Tue, 03/14/2017 - 12:12pm -- tim

Vermont Business Magazine Thomas J Donovan Jr, the Vermont Attorney General, announced during a press conference at the University of Vermont on Monday that his staff is taking steps to make the Attorney General’s Consumer Assistance Program more responsive to Vermont small businesses’ issue. The Consumer Assistance Program provides information, referral and mediation services to address consumer complaints.

Aging in Community: How Living Well Group is changing elder care

Tue, 03/14/2017 - 11:45am -- tim

Vermont Business Magazine Paul Kervick and Dee DeLuca have known each other for more than three decades. More than one-third of that time has been spent changing society’s approach to elder care. The two entrepreneurs are altering how we as a nation, a state, and a community approach aging and health care as part of their Living Well Group, with campuses in Bristol, Burlington and Montpelier.

CVMC names Choate chief nursing officer, Hartzell first DAISY Award recipient

Tue, 03/14/2017 - 11:21am -- tim

Vermont Business Magazine Matthew Choate, BSN, RN, MBA, CEN, CPEN was recently named Chief Nursing Officer (CNO) for The University of Vermont Health Network – Central Vermont Medical Center (CVMC). Choate had served as interim CNO since December 2016. Choate cited recognition for nurses, fiscal management, and staff engagement as priorities he’ll remain committed to in the role. CVMC also named Jane Hartzell, RN, its first DAISY Award for Extraordinary Nurses recipient.

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