Current News

Vermont Business Magazine Carly Berlin will join Vermont Public and VTDigger as a Report For America corps member in an effort to expand coverage of housing and infrastructure in Vermont, the organizations announced Wednesday. In an unprecedented collaboration between two of Vermont’s leading news outlets, Berlin will cover two of the most vexing challenges facing the state: the availability, affordability and condition of housing, as well as aging infrastructure that is no longer serving its residents.

Vermont Business Magazine Through collaboration from numerous utilities and state agencies, Jay Peak Resort will execute one of the largest standalone carbon reduction projects in Vermont’s history, and one of the largest recent standalone carbon reduction projects in the U.S. ski industry. The project will realize the installation of a 3-megawatt electric boiler to take over the entire heat demand for the 176-room Hotel Jay & Conference Center during times when heating with electricity is more cost efficient. The boiler would assume responsibility for providing 100% of the heat load to the Hotel, Conference Center, Pump House Indoor Waterpark, numerous restaurants, and retail spaces. Once completed, an estimated carbon reduction of 2500 tons per year can be expected.

Vermont Business Magazine Shelburne Museum has endowed its curatorship of American Decorative Arts in honor of its long-time trustee Alice Cooney Frelinghuysen, herself a senior curator of American Decorative Arts at The Metropolitan Museum of Art in New York. The Alice Cooney Frelinghuysen Curatorship in American Decorative Arts is devoted to creating intellectually rigorous exhibitions that engage the public and advance scholarship around the museum’s collections that include 18^th- and 19^th-century American ceramics, glass, metalwork, furniture, and textiles and ensures that the decorative arts will forever remain an important institutional priority. Katie Wood Kirchhoff, who joined the museum in 2016, will be the first Alice Cooney Frelinghuysen Curator of American Decorative Arts.

Vermont Business Magazine Berkshire Bank, a leading, socially responsible community bank with financial centers in New England and New York, with branches in southern Vermont, has announced its foundation provided $584,361 in philanthropic investments during the first quarter of 2023 (January 1- March 31) to foster upward economic mobility, racial equity, and enhance opportunities for success in the regions Berkshire Bank serves. The investments also support the company’s BEST Community Comeback which includes a planned $15 million in community contributions by the end of 2024.

Vermont Business Magazine The Vermont Community Broadband Board (VCBB) has congratulated DVFiber, one of Vermont’s 10 Communications Union Districts (CUDs), on signing a construction contract with Sertex Broadband Solutions for the initial phase of constructing and installing a fiber optic network in southern Vermont. DVFiber covers the Deerfield Valley in Southern Vermont. DVFiber and Sertex are expected to start construction later this month. DVFiber was established in 2020 to ensure that all on-grid households and businesses within the 24-member town district have access to reliable, high-speed Internet service.

Vermont Business Magazine M&T Bank today announced an award of $60,000 over three years, an investment in the Pipelines and Pathways Program. The donation will underwrite operating costs associated with training and activities provided to Windham County high school students. The Pipelines & Pathways Program (P3) was launched by the Brattleboro Development Credit Corporation four years ago to help students successfully prepare for and access career opportunities.

Vermont Business Magazine The CCTV Center for Media & Democracy Board announced today that founding director Lauren-Glenn Davitian will be stepping down from her leadership role to take on special projects for the organization. Lauren-Glenn stepped down as as Executive Director in September 2022 in support of a new co-director leadership structure, assuming the role of interim Operations Director. Long time staffer and media educator/producer Meghan O’Rourke was selected by the Board to be Director of Projects. The Board is in the process of hiring a new Director of Operations. Once that position is filled, Lauren-Glenn will focus on Special Projects including advocacy, archival research, media production and preparation for CCTV’s 40th Anniversary in June 2024.

Vermont Business Magazine NBT Bancorp Inc (NASDAQ: NBTB) reported net income and diluted earnings per share for the three months ended March 31, 2023. NBT Bancorp, based in Norwich, NY, is the parent of NBT Bank with branches in western Vermont. Net income for the three months ended March 31, 2023 was $33.7 million, or $0.78 per diluted common share, compared to $39.1 million, or $0.90 per diluted share, for the three months ended March 31, 2022, and $36.1 million, or $0.84 per diluted share, in the fourth quarter of 2022.

Vermont Business Magazine Senator Peter Welch (D-Vermont), Senator Amy Klobuchar (D-MN) and 23 of their colleagues introduced legislation to boost Medicare negotiation of drug prices to lower prescription drug costs for consumers. The Strengthening Medicare and Reducing Taxpayer (SMART) Prices Act would give the Department of Health and Human Services (HHS) enhanced authority to negotiate for Medicare Part D. This legislation builds on a provision Welch and Klobuchar included in the Inflation Reduction Act that empowered Medicare to negotiate prescription drug prices for the first time, unleashing the power of Medicare’s 50 million seniors to help lower drug prices for all Americans.