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Vermont Business Magazine On Friday, January 26, GlobalFoundries (GF) opened its doors in Essex Junction to seven Brown University and Dartmouth College students from the EDGE Consortium. The day featured presentations focused on GF's culture, community, and career opportunities, a tour of the fab, and a "Day in the Life of a GF Engineer" panel that left the students energized about the semiconductor industry.
Vermont Business Magazine New England’s annual capacity auction closed with sufficient power system resources to meet forecast peak electricity demand in 2027/2028, according to ISO-New England based in Holyoke, MA. Nearly all of the new resources securing capacity supply obligations were energy storage, solar, wind, or demand-reducing resources. The annual auction of the Forward Capacity Market is held three years before each capacity commitment period. Capacity resources can include traditional power plants, renewable generation, imports, and demand resources such as load management and energy efficiency measures.
Vermont Business Magazine The Federal Trade Commission received 3,767 fraud reports from consumers in Vermont in 2023, according to newly released data. Vermont consumers reported losing a total of $8,805,393 to fraud, with a median loss of $400. The FTC’s Consumer Sentinel Network is a database that receives reports directly from consumers, as well as from federal, state, and local law enforcement agencies, the Better Business Bureau, industry members, and non-profit organizations. Reports from around the country about consumer protection issues—including identity theft, fraud, and other categories—are a key resource for FTC investigations that stop illegal activities and, when possible, provide refunds to consumers. Across all types of reports, the FTC received a total of 5,934 reports from consumers in Vermont in 2023.
Vermont Business Magazine The Environmental Advocacy Clinic at Vermont Law and Graduate School and public-land protection nonprofit Standing Trees are calling on the Vermont Agency of Natural Resources to reconsider its plan to log public lands in the Worcester Range, one of the most ecologically significant forests in northern New England. On Feb. 2, student attorneys filed on Standing Trees’ behalf extensive comments citing state and federal laws under which the agency’s plan for logging cannot proceed. The draft plan proposes to open 8,641 acres for logging — half of the so-called “Worcester Range Management Unit” — and cut more than 20 percent of those acres over the next 20 years.
Vermont Business Magazine The federal district court in Burlington has granted the Attorney General’s motion to return the State’s consumer protection case against Exxon and other fossil fuel producers to state court. Using the Vermont Consumer Protection Act, the Attorney General’s Office sued Exxon and others for misrepresentations and greenwashing related to fossil fuel products. The case had been stalled shortly after it was filed in September 2021 due to this dispute over jurisdiction – whether it belonged in state or federal court. Tuesday’s remand order will allow the State’s claims to proceed to the next stage of litigation in state court.
Vermont Business Magazine "Norwich University is honored to announce General Lori Robinson as the Commencement Speaker for the graduating class of 2024,” said Norwich University Provost, Dean of the Faculty, and Acting President, Dr. Karen Gaines. In 2016, Robinson became the highest-ranking woman in U.S. military history as Commander of NORAD and NORTHCOM. While leading NORAD/NORTHCOM, Robinson was responsible for commanding 1,600 Soldiers, Sailors, Airmen, Marines, Coast Guardsmen, and civilians from both the United States and Canada. Norwich University’s spring commencement celebration will once again be held in Shapiro Field House on April 27.
by Aubrey Weaver, Community News Service Financial disclosure documents spanning the past four years raise questions about transparency and accountability within the state judicial system’s reporting requirements, according to data obtained by Community News Service. The disclosure documents, sourced from annual Vermont Judiciary statements between 2019 and 2022 for state superior and supreme court judges, indicate judges in recent years have provided scant information about their incomes — in part because Vermont does not require them to say much. There has been a substantial rise in judges reporting nothing since 2019 from 31% of judges that year to 49% in 2022. In the vast majority of cases, those judges checked boxes indicating they had no financial disclosures to make under the law, and only in a handful of cases did judges not specify disclosures despite indicating they had something to report. Over the four years of data, an average of 42% of judges who submitted forms said they had no required financial disclosures.
Vermont Business Magazine A new dimension to the Fairbanks Museum is about to open in St. Johnsbury, VT. The Tang Science Annex officially opens to the public on Saturday, February 17. Sen. Peter Welch is joining us for a ribbon cutting celebration to dedicate the Tang Science Annex on Thursday, February 15, at 11 AM. This annex was designed Middlebury-based Vermont Integrated Architecture. The Annex will be Vermont's demonstration mass timber structure, making use of new technology to create building materials using locally sourced Eastern Hemlock.
Vermont Business Magazine John Beal and Yves Bradley of V/T Commercial worked collectively in selling the property at 27 Piper Road, Berlin on behalf of Concord Insurance Group to Malone Properties. Bill Kiendl of V/T Commercial assisted in the sale of 2.01 acres located at 88 Red Pine Circle, Essex to Performance Food Group. John Beal of V/T Commercial, representing Catamount Holding Company, and Meg McGovern of Donahue & Associates, representing Architecture, Engineering and Land Surveying Northeast, leased 1,786 square feet at the Chace Mill in Burlington.
Vermont Business Magazine TDS Telecommunications LLC (TDS) has completed fiber upgrades in several Vermont communities to bring lightning-fast internet connections to more residents and businesses. Speeds up to 8 Gig are now available in communities including Baltimore, Cavendish, Ludlow, Perkinsville, Plymouth, Weathersfield, Northfield, and Roxbury. The upgrades are the result of an expansion of fiber internet services – known as the “gold standard” of residential connections – to about 7,700 addresses in Vermont.
Vermont Business Magazine Mayor Miro Weinberger and CityPlace Partners on February 8 announced recent progress and next steps at the CityPlace mixed-use housing development in downtown Burlington. After 15 Months of construction, the South Building is “topped out” at 10 stories, will be the tallest building in Vermont when complete, and is on track for completion in one year. Further, CityPlace Partners have finalized their building program for the entire site and last week received a permit amendment from the Department of Permitting and Inspection allowing for a minimum of 350 residential units including 70 permanently affordable units (approximately 340,000 sf), a maximum of 350 hotel rooms in two separate hotels (approximately 186,000 sf), 40,000 sf of retail, and 172,000 sf of parking. CityPlace Partners (CPP) also announced a new minority equity partner Giri Group, a well-capitalized developer headquartered in Massachusetts that will operate the two hotels.