Current News

Vermont Business Magazine On Tuesday Vermont Secretary of State Jim Condos held a press conference to discuss Vermont’s new Accessible Voting System at the Secretary of State’s office, located at 128 State Street in Montpelier. Condos was joined by Disability Rights Vermont (DRVT) Supervising Attorney AJ Ruben, Vermont Center for Independent Living (VCIL) Executive Director Sarah Launderville and Barre City Clerk Carol Dawes. The included a demonstration of the Accessible Voting System by Kumeye Castillo.

Vermont Business Magazine Entergy Corporation (NYSE: ETR) reported third quarter 2018 earnings today. Entergy, owner of the shuttered Vermont Yankee nuclear power plant in Vernon, reported earnings of $536 million, or $2.92 per share, on an as-reported basis and earnings of $693 million, or $3.77 per share, on an operational basis. This compared to third quarter 2017 earnings of $398 million, or $2.21 per share, on an as-reported basis and earnings of $424 million, or $2.35 per share on an operational basis.

“We are on track to meet our strategic, operational and financial objectives, and our accomplishments this year include major milestones in our transition to a pure-play utility,” said Entergy Chairman and Chief Executive Officer Leo Denault. “With strong results to date, we are affirming our core business UP&O adjusted guidance for the year, and we are raising our consolidated operational guidance.”

by Diane Abruzzini and Cairn Cross The valuation process can be murky for both entrepreneurs and investors. Private company stock is typically a “Level III” asset under ASC Topic 820 and its value “cannot be determined by using observable inputs of measures such as market prices or models.” Fair value is estimated rather than observed through readily observable market prices.

Vermont Business Magazine The Small Business Administration Vermont District Office is accepting nominations for its 2019 small business awards. Previous Vermont winners include Ben and Jerry’s, Switchback Brewing Company and Mamava, the 2018 Small Business Person of the Year winner. Since 1963, the SBA has recognized the outstanding achievements of America’s small businesses for their contributions to their local communities, and to the nation’s economy.

Vermont Business Magazine The University of Vermont College of Engineering and Mathematical Sciences is pleased to announce the upcoming George D. Aiken Lecture, free and open to the public, and taking place November 1^st at 5pm at the UVM Ira Allen Chapel. This year’s lecture features Tan Le: innovator, inventor, entrepreneur, and Founder and CEO of Emotiv, a leader in wireless EEG brain monitoring technology.

Tan will recount her childhood fleeing from war-torn Communist Vietnam to her life as an immigrant in Australia, and how those circumstances have shaped her both personally and professionally as a successful female CEO of her neuroengineering company.

Vermont Business Magazine Vermont State Treasurer Beth Pearce and a group of city and state treasurers and comptrollers last week sent a letter to the US Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) in opposition to a federal proposal to weaken light truck and car emission standards "that protect our environment from damaging greenhouse gas emissions and pollutants." Treasurer Pearce said that any attempt to roll back the standards could impose costs on consumers and negatively impact the US automotive industry.

Vermont Business Magazine This Saturday November 3, more than 200 people throughout Vermont and Northern New York will try to top each other, and competitors around the world, playing Dungeons & Dragons, Mario Brothers and many other video games for 24 hours straight. Players have been hard at work raising money from friends, relatives and community members to sponsor their efforts in the annual “Extra Life” event, with the proceeds supporting programs and services at the University of Vermont Children’s Hospital.

Vermont Business Magazine Burlington Telecom has gifted some critical equipment for major events and competitions to the Champlain College Esports club. Esports are a form of organized multiplayer video game competitions. While skeptics may scoff at the idea of a competitive arm of online gaming as a “sport”, this past August, CNN called esports an “explosive billion-dollar industry” with over 380 million spectators worldwide. By offering degrees in game design, programming, and production management Champlain College is positioned to attract top esports student talent.

Vermont Business Magazine A nurse-led initiative to provide consistent safe sleep education for all new families at the University of Vermont Children’s Hospital has led to national recognition for the hospital, and nurses are encouraging Vermonters to take steps that will keep their infants safe. Through a partnership with Cribs for Kids, a National Infant Safe Sleep Initiative, all new families will receive “sleep sacks” for their infants, and some eligible families will receive portable cribs.

Vermont Business Magazine Governor Phil Scott, Health Commissioner Mark Levine, MD, and Michael Feulner presented The University of Vermont Health Network - Central Vermont Medical Center (CVMC) with the Michael Feulner Award on October 22. The award is presented annually to the organization with the most participants in May’s Vermont Corporate Cup & State Agency Race by the Vermont Governor’s Council on Physical Fitness and Sports. In 2018, 525 CVMC staff members participated. It is the third time CVMC has earned the distinction.

Vermont Business Magazine Consolidated Communications, Inc, (NASDAQ: CNSL) announced on Monday that more than 365,000 residents and businesses across Northern New England now have faster broadband speeds as the company works to upgrade 500,000 total customer locations this year. “We made a commitment to increase broadband speeds throughout Northern New England and we’re on track to complete these upgrades to 500,000 homes and small businesses by the end of 2018,” said Bob Udell, president and chief executive officer of Consolidated Communications. “We’re working hard to bring faster speeds and new products and services to Maine, Vermont and New Hampshire, and we’re also making great strides to improve network reliability and stability.”

Vermont Business Magazine A pioneering program at the University of Vermont Medical Center to offer women the option of receiving care from certified nurse-midwives is marking its 50^th year, making it the second-oldest hospital-based midwifery program in the nation. Since 1968, the Midwifery Service has managed 13,000 births at the Burlington hospital and grown to the point of having certified nurse-midwives (CNMs) attend nearly 20 percent of deliveries, a rate more than double the national average.

“The high rate is meaningful because studies show better outcomes are associated with deliveries attended by nurse-midwives, including lower rates of emergency caesarean sections, fewer inductions and greater success with breastfeeding,” said Marti Churchill, CNM, who leads the hospital’s program.