Current News

​​Vermont Business Magazine This month Goodwill Northern New England launched a $50,000 program to help move more Vermonters into personal stability. The Partner Stability Fund gives vouchers to nonprofits, who in turn gift them to their clients who need clothing and household items most. Joint Urban Ministry Project (JUMP) and Committee on Temporary Shelter (COTS) were selected to help push this goal forward.

Vermont Business Magazine Giving back to the communities it serves has long been central to New England Federal Credit Union’s (NEFCU) mission. As an ongoing part of this effort, four times each year, NEFCU selects four recipient organizations at random to receive $625 each, for a total of $10,000 annually.

Vermont Business Magazine Now with temperature control up to 70°C, BioTek’s Synergy Neo2 Hybrid Multi-Mode Reader and Synergy H1 Hybrid Multi-Mode Reader aid in more assay workflows than ever before. Application flexibility extends to enzyme kinetics, protein stability and aggregation, and projects incorporating loop mediated isothermal amplification (LAMP) assays.

by Don George, President and CEO, Blue Cross & Blue Shield of Vermont The Vermont Department of Financial Regulation (DFR) last week released the results of an intensive examination of the financial impact of the pandemic on Vermont’s health insurance marketplace. [Anchor] The report verifies that for the majority of our insured members, the temporary reduction in medical care in 2020 was offset by emergency health coverage expansions for pharmaceuticals and telehealth, the continued prevailing costs of specialty and maintenance drugs, the cost of COVID-19 testing and treatment, and the return of postponed medical care. Therefore, refunds are not necessary.

Vermont Business Magazine Three times each year, New England Federal Credit Union (NEFCU) conducts its Shred Fest events to help prevent identity theft by destroying documents and hard drives with sensitive personal information. All Shred Fests are free and open to the public. Document destruction services are provided by SecurShred, a local company specializing in secure information management solutions.

Vermont Business Magazine Mack Molding, a leading custom plastics molder and supplier of contract manufacturing services based in Arlington, announced Tuesday that Greg Cebular has been named president of its wholly-owned subsidiary, Mack Prototype. Within this role Cebular will report directly to Mack Molding President Jeff Somple. Cebular succeeds Ric Perry, a rapid prototyping industry veteran who is retiring after more than 25 years with the business.

Vermont Business Magazine Funded by a new $2.7 million grant from the US Department of Energy (DOE), Dartmouth Engineering Professor Geoffroy Hautier will lead a three-year, multi-institutional effort to identify qbits, a basic unit of quantum information, in order to transform and advance quantum computing. The team aims to build a database of viable qbits, which can store information in their spin, by analyzing defects in solids.

Vermont Business Magazine NBT Bancorp Inc (NASDAQ: NBTB) reported Monday net income and diluted earnings per share for the three and six months ended June 30, 2021. NBT Bank has branches in Northwest Vermont. Net income for the three months ended June 30, 2021 was $40.3 million, or $0.92 per diluted common share. Net income increased $15.6 million from the second quarter of 2020 primarily due to the estimated impact of the COVID-19 pandemic on expected credit losses in 2020, which resulted in a second quarter 2020 provision for loan losses of $18.8 million. Net income increased $0.5 million from the previous quarter primarily due to lower provision for loan losses and higher noninterest income, partly offset by higher noninterest expense.

Vermont Business Magazine Senate Appropriations Committee Chairman Patrick Leahy (D-Vermont) Tuesday announced a $2.1 billion bipartisan agreement on an emergency security supplemental to address the fallout of the January 6 insurrection, the withdrawal of American troops from Afghanistan, and expenses incurred on the Capitol complex as a result of the COVID pandemic.

Vermont Business Magazine At meetings in May and June, the Vermont Housing & Conservation Board committed $1,694,200 in state funding and $842,000 in federal funds to protect agricultural and recreational land, forestland, and natural areas and to restore a historic community building with a general store and three apartments.

Vermont Business Magazine US Senators Patrick Leahy (D-Vermont), Charles Schumer (D-NY), Bernie Sanders (I-Vermont), and Kirsten Gillibrand (D-NY) Tuesday introduced a bill to reauthorize the Champlain Valley National Heritage Partnership. Established in 2006 to recognize and promote the importance of the historical, cultural, recreational and economic resources of the Champlain Valley, the CVNHP is slated to sunset on October 12, 2021. Their bill would authorize the partnership for the next 15 years.

Vermont Business Magazine Vermont has the highest rate of vaccination against COVID-19 in the United States. But cases are increasing, with cases on the rise here and across the nation. Still, the Vermont vaccination rate is highest in the nation. Governor Scott and Health Commissioner Mark Levine do not believe that a return to mitigation measures is necessary in Vermont, even as the CDC is recommending some indoor mask wearing in some hot spots in the US. Governor Scott and Health Commissioner Mark Levine do not believe that a return to mitigation measures is necessary in Vermont, even as the CDC is recommending some indoor mask wearing in some hot spots in the US. These are mostly in the Midwest and South. However, Dr Levine is suggesting that Vermonters who travel to higher COVID regions should get tested when they get back to Vermont.