Current News

Vermont Business Magazine NBT Bancorp Inc. (NASDAQ: NBTB) reported net income and diluted earnings per share for the three and nine months ended September 30, 2025. Net income for the third quarter of 2025 was $54.5 million, or $1.03 per diluted common share, compared to $38.1 million, or $0.80 per diluted common share, for the third quarter of 2024, and $22.5 million, or $0.44 per diluted common share, for the second quarter of 2025. Operating diluted earnings per share(1), a non-GAAP measure, was $1.05 for the third quarter of 2025, compared to $0.80 for the third quarter of 2024 and $0.88 for the second quarter of 2025. 

Vermont Business Magazine Vermont Federal Credit Union proudly partnered once again with the Cancer Patient Support Foundation as the Presenting Sponsor for the Third Annual Casino Night: Bet on Hope, held on October 17, 2025, at Hula Lakeside in Burlington, VT. This year's event brought together hundreds of community members for an unforgettable evening of casino-style fun and philanthropy, raising vital funds to support Vermont cancer patients and their families. Since its launch, Bet on Hope has become one of Vermont's most anticipated fall fundraisers, combining entertainment and community spirit to make a lasting difference. Guests enjoyed blackjack, poker, roulette, live music, hors d'oeuvres, and a spirited silent auction, all in support of the Cancer Patient Support Foundation's mission to provide financial assistance and emotional support to Vermonters navigating cancer treatment.

Vermont Business Magazine The Northeast Kingdom Fund at the Vermont Community Foundation has awarded $111,950 in grants to 25 local organizations through its 2025 competitive grant round, supporting nonprofits and municipalities in Caledonia, Essex, and Orleans counties. These grants bolster support for organizations working with youth, substance abuse prevention, education and the arts, and outdoor recreation and programming. The Northeast Kingdom Fund was established in 2011 by the Vermont Community Foundation and local partners as a permanent philanthropic resource to support the people and communities in the region. The fund prioritizes applications from projects and/or organizations that are based in the Northeast Kingdom and provide services directly to the community.

The Vermont State Police is investigating a fire in which one person was killed this past Friday, Oct. 24, 2025, at a residence in Northfield. The Northfield Fire Department was called at about 5 a.m. Friday to 346 Water St. for a report of a fire. The fire department responded and found a camper trailer and nearby home fully engulfed; both structures were extinguished. The fire department discovered a body in the camper trailer. Northfield Fire and Northfield Police requested assistance from members of the Vermont State Police Bureau of Criminal Investigations and the Department of Public Safety Fire and Explosion Investigation Unit. 

Vermont State Police The Chief Medical Examiner’s Office has completed the autopsy following the discovery of a body in Lake Champlain after a canoe capsized last week in North Hero. The victim is identified as Michael Bagiackas, 71, of Montpelier. The medical examiner determined the cause of death was drowning, and the manner of death was an accident. 

Vermont Business Magazine Governor Phil Scott today issued the following statement regarding access to the Supplemental Nutrition Assistance Program, which is also referred to as 3SquaresVermont and Electronic Benefit Transfer (EBT) cards: “Even with state efforts, the lack of federal SNAP funding will disrupt the lives of over 63,000 Vermonters and could cause real harm. This is another area where there is bipartisan support for a lawsuit seeking to require the federal government to release contingency funding it has available for emergencies. I have directed my administration to work with Attorney General Clark to support a multi-state lawsuit."

Vermont Business Magazine Average gasoline prices in Vermont are $3.07 per gallon, down 5.1 cents per gallon from last week's $3.12/g. The lowest price in the state yesterday was $2.73/g while the highest was $3.39/g, a difference of 66.0 cents per gallon. The national average price of gasoline has risen 2.5 cents per gallon in the last week, averaging $3.00/g today. 

Vermont Business Magazine Kingdom Trails, a leading non-profit organization dedicated to the development and maintenance of recreational trails in the Northeast Kingdom, today announced it has received a monumental gift of $100,000 from Bear Den Partners, the owners of Burke Mountain, and Kingdom Trails’ single largest private landowner. This unprecedented corporate donation is the largest in Kingdom Trails’ history and signifies a powerful commitment to the economic vitality and future of recreation in the Northeast Kingdom. The $100,000 investment comes as both organizations continue to expand their collaborative efforts to enhance outdoor tourism and provide world-class experiences for visitors and local community members alike. This funding will be immediately directed toward critical trail maintenance, infrastructure improvements, and sustainable trail development projects across the network.

Vermont Business Magazine Kinney Drugs, with pharmacies across Vermont, has partnered with EnlivenHealth to offer FREE Medicare Part D plan comparisons for seniors. Approximately 60 million seniors age 65+ are covered by Medicare – nearly 20% of the U.S. population. Nationwide, there are more than 460 Medicare stand-alone Prescription Drug Plans (PDPs) available, and an average of 48 Medicare plans offering drug coverage (which includes Medicare Advantage drug plans) are available. The total number of plans varies by location, as plans and benefits are offered at regional and county levels versus nationally.

Vermont Business Magazine BBF applauds Governor Scott and Mayor Mulvaney-Stanak for their detailed short-term action plan to help address the challenges facing the City of Burlington. This is a timely development and BBF supports the recommendations laid out today. This collaborative effort between the state and our city government is exactly what we need right now to move forward in a productive and meaningful way. We look forward to working with Mayor Mulvaney-Stanak and her team, as well as the City Council, to help implement these recommendations as soon as possible. 

Vermont Business Magazine The Vermont Department of Labor, in partnership with the Vermont Manufacturing Extension Center (VMEC), is proud to announce Vermont Aerospace Industries’ and Weidmann Electrical Technology’s launch of Registered Apprenticeship programs that combine paid on-the-job training with technical instruction and support from experienced mentors. These programs aid in developing a skilled workforce, allowing Vermonter’s located in the Northeast Kingdom to earn a well-paying salary while they grow their skill set. 

Agency of Agriculture, Food & Markets The Working Lands Enterprise Initiative (WLEI) is now accepting applications for the Business Enhancement Grant. This grant is open to Vermont working lands businesses/organizations, which include farms producing food and fiber, as well as forest products businesses. Some food businesses/organizations, as well as agriculture or wood processing and/or distribution businesses can be eligible if they meet certain requirements for local sourcing of raw ingredients or product. Eligible project types include infrastructure, equipment, marketing, research and development, and workforce training and development. Applicants can apply for grants ranging from $10,000 to $50,000. There is no match requirement for this grant.