Current News

by tim

Vermont Business Magazine The Office of the United States Attorney for the District of Vermont stated that Sam Bent, 33, of Saint Johnsbury, Vermont, was sentenced today to a five-year period of incarceration upon his conviction for three counts of money laundering and one count of conspiracy to distribute controlled substances over the "Dark Web." The prison term will be followed by a three-year period of supervised release.

Sam Bent's sentence also included a $14,000 forfeiture money judgment. Chief United States District Judge Geoffrey Crawford ordered Sam Bent to surrender to the Bureau of Prisons on October 1, 2019.

by tim

Vermont Business Magazine A new partnership between the Community College of Vermont (CCV) and Dartmouth-Hitchcock Medical Center (DHMC) builds on the success of CCV’s Healthcare Support Services program to create a training and employment pathway for Vermont and New Hampshire residents looking for a career at DHMC. Successful participants will be offered employment upon completion of the program at DHMC.

by tim

Vermont Business Magazine Weekly unemployment numbers rose slightly last week, but remain at a very low level. Summer usually brings low claim levels, but sub-300 claims indicates very low volume. Initial claims for the week of July 27, 2019, totaled 289, up 27 from last week. Claims were 20 fewer than they were at this time last year.

by tim

Vermont Business Magazine US Senator Patrick Leahy will make remarks as the Vermont-based organization Pure Water For The World celebrates its 20th anniversary. The group, headquartered in Rutland, with offices in Honduras and Haiti, provides safe water and sanitation tools, along with training, in its efforts to prevent the sickness and deaths of children and their families due to preventable waterborne diseases.

by tim

Vermont Business Magazine Casella Waste Systems, Inc (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, on Thursday after markets closed reported its financial results for the three month period ended June 30, 2019. Revenues and net income both increased from the second quarter 2018. As of early Friday, shares were trading down slightly ($42.37, $-0.49 or -1.14%) and remain near their 52-week high ($24.61 - $44.19). The broader markets were also down by about the same percent early Friday after a steep dive Thursday.

by tim

Vermont Business Magazine Hilco Real Estate, LLC has announced that a 125± acre development site in Groveton, NH, is for sale in a Federally Designated Opportunity Zone – a parcel of land ideal for the energy, manufacturing and technology sectors and easily divisible and ready for immediate redevelopment. The site was originally developed by Chapman Development and features the expansion of the nearby machining company NSA Industries in St Johnsbury, Vermont. An asking price was not revealed.

by Brandon

Vermont Business Magazine Darn Tough Vermont, the fastest growing American manufacturer of premium performance outdoor and lifestyle socks, is furthering its ongoing support of Spartan racers as the official sock of the Spartan Race US race series, which now includes Spartan Trail US.  As athletes dig deep to push their mental and physical limits while training for and completing Spartan series races, Darn Tough socks offer unmatched comfort, durability and fit for the toughest obstacles and terrain, and unrivaled durability for long months of cross training, all backed by an unconditional lifetime guarantee.

by tim

Vermont Business Magazine Vermont receives a C for manufacturing and D- for logistics, says annual report from Ball State University. The 2019 Manufacturing Scorecard from Ball State’s Center for Business and Economic Research (CBER) analyzes how each state ranks among its peers in several areas of the economy that underlie the success of manufacturing and logistics.

by tim

Vermont Business Magazine Per- and Polyfluoroalkyl Substances (PFAS) were detected by New Hampshire Health Officials in bottled water produced by Spring Hill Dairy, Inc., of Haverhill, Massachusetts, and sold in Vermont as well as other New England states. The water, which is sold under various brand names and lists the source as spring water on the label, tested above Vermont’s drinking water standard. As a result, the state is working with the company and their distributors to ensure they remove the products from Vermont stores.  In the interim, the Vermont Department of Environmental Conservation (DEC) is advising people not to drink bottled water from that source.

by tim

Vermont Business Magazine US Route 2 at the temporary drawbridge connecting North Hero to Grand Isle is open to two lanes of traffic. VTrans expects intermittent stops and releases of traffic by flaggers to allow for construction vehicles to enter the work zone. The contractor is currently working 7AM to 6PM, Monday through Thursday, and 7AM to 1PM on Fridays. No weekend work is scheduled at this time.

The temporary bridge has a speed limit of 25mph. There are tight curves approaching the temporary bridge, and trucks are advised to reduce speed to 15mph. Bicycles should use caution while crossing the bridge.

The work zone speed limit is enforced, and individuals have been ticketed for excessive speeding. Obeying the speed limit is extremely important for everyone's safety.

by tim

Vermont Business Magazine The UVM Medical Center is requesting that the Green Mountain Care Board approve the addition of two hospitals to the unified electronic health record system that is now being implemented across four affiliate hospitals in the University of Vermont Health Network. The overall project’s goal is to improve the quality and efficiency of care by giving providers instant access to a patient’s most updated medical information, no matter where they are receiving care across the health network.

by tim

Vermont Business Magazine Sunsoil, a Hardwick, Vermont-based national leader in manufacturing full-spectrum hemp extract (CBD Oil) with organically-farmed ingredients, has joined Burlington, Vermont-based 1% for the Planet, committing to donate 1% of its annual sales to support nonprofit organizations focused on the environment. Through this landmark partnership, Sunsoil, the largest nationally-distributed CBD oil brand ever to partner with 1% for the Planet, is continuing its mission of supporting people, plants and our planet – while producing safe, lab-tested USDA Certified Organic Hemp CBD products of the highest quality.