Current News

Vermont Business Magazine Williston-based iSun, Inc. (NASDAQ: ISUN), a leading solar energy and clean mobility infrastructure company with 50 years of experience accelerating the adoption of innovative electrical technologies, today announced financial results for the third quarter of 2022. Results include: Revenue of $19.0 million, an increase of 185% from the third quarter of 2021; Gross profit of $3.6 million, compared to $1.3 million in last year’s third quarter.

Vermont Business Magazine During the winter, many people seek to avoid high heating costs by turning to wood as a fuel. However, many wood heaters are inefficient and emit more pollutants into the air than heaters that burn oil or natural gas or those that run on electricity such as heat pumps. The US Environmental Protection Agency (EPA) is sharing tips for a healthier heating season. Older or inefficient wood heaters emit fine particles and other pollutants, including carbon monoxide (CO), volatile organic compounds (VOCs), black carbon, and air toxics, such as benzene.

Vermont Business Magazine At recent meetings, the Vermont Housing & Conservation Board awarded $31.96 million in state and federal funds for construction and rehabilitation of 244 homes serving households in Hartford, Morrisville, Newport City and Newport Center, Windsor, South Burlington, and Burlington. Federal funding commitments totaling $30.33 million were matched with $1.62 million in state funds. A loan program for repairs to farmworker housing will be recapitalized, helping improve housing for farmworkers around the state.

The Vermont Chamber of Commerce and VermontBiz have announced the recipient of the 2022 Outstanding Business of the Year Award is Hickok & Boardman Insurance Group. Hickok & Boardman will accept the award at the upcoming Vermont Economic Conference, which will take place on January 30, 2023, at the University of Vermont Dudley H Davis Center. The Outstanding Business of the Year Award is presented annually to the Vermont business that demonstrates a commitment to community, workforce well-being, environmental stewardship, and growth in sales or employment. Award recipients have been based in Vermont for at least 10 years.

Vermont Business Magazine Vermont’s Killington Resort, the largest ski and snowboard resort in Eastern North America and part of POWDR, has received a positive snow control announcement from FIS (International Ski and Snowboard Federation), the governing body of the Audi FIS Ski World Cup. With this announcement, Killington Resort can assure international race teams and ski racing fans traveling to central Vermont for Thanksgiving weekend that both the Giant Slalom and Slalom races will take place as scheduled on November 26 and 27.

Vermont Business Magazine Pursuant to the Vermont Uniform Commercial Code, 9A V.S.A § 9-610, the security interests of the Secured Creditor will be enforced and all assets of Edge Pharma, LLC., a compounding pharmacy in Colchester, VT, will be sold via online auction on Orbitbid.com, the auctioneer announced today. A federal court had permanently enjoined the Colchester, Vermont, compounding pharmacy from distributing drugs unless they are manufactured in compliance with the Federal Food, Drug and Cosmetic Act (FDCA), the Justice Department announced on June 13, 2022.

Vermont Business Magazine The Attorney General’s Office announced that David Green, 23, of South Burlington, Vermont, was arraigned today on three felony counts of Promoting a Recording of Sexual Conduct. The charges brought against Mr. Green are the result of a criminal investigation – including the execution of residential and online data search warrants – conducted by the Vermont Internet Crimes Against Children Task Force (VT-ICAC), including personnel from the Attorney General’s Office, Homeland Security Investigations, and South Burlington Police Department.

Vermont Business Magazine As residents and visitors pull off Route 100 and onto Route 4 accessing all that Killington has to offer, it’s hard to pinpoint “the heart of town.” In an effort to create a “Welcome to Killington” marker at a place where residents and visitors have all-in-one access to town offices and a welcome center, the Town of Killington is in process of purchasing a five-unit, 11,000+ square foot property at 2046 US-4, Killington, VT. This action is the first step to creating an entrance for the community resort and town businesses. It also frees up the current town office to become a recreation and gathering space for youth and senior residents.

VermontBiz Governor Phil Scott today issued the following statement: “I am saddened to learn of the passing of Representative John Palasik this morning. Rep. Palasik was a committed public servant, devoting his career to helping others, whether it was in the U.S. Army, Vermont National Guard, Milton Police Department, Milton Rescue, as a State Representative, or the many other local roles he performed.

VermontBiz The Vermont Department of Labor has announced an increase to the State’s minimum wage. Beginning January 1, 2023, the State’s minimum wage will become $13.18 per hour. This is an increase of $0.63 from the current minimum wage of $12.55.

This annual adjustment also impacts the minimum wage for tipped employees. The Basic Tipped Wage Rate for service, or “tipped employees,” equals 50% of the full minimum wage. On January 1, 2023, the tipped minimum wage will increase from $6.28 to $6.59 per hour.