Current News
by Denise Sortor
Vermont Business Magazine Dr Grace Johnstone is pleased to announce the opening of Hyperbaric Vermont’s first hyperbaric oxygen therapy (HBOT) facility. Hyperbaric Vermont is a Vermont nonprofit organized in 2017. Located at Colchester Plaza, 3619 Roosevelt Highway, Suite #7, in Colchester, it joins affiliated HBOT clinics in Montpelier and East Hardwick run by Community Hyperbaric. Through affiliate treatment centers and its own facilities, Hyperbaric Vermont supports the provision of high quality, affordable HBOT throughout Vermont and surrounding areas and serves as a model for those who wish to do so in other regions.
About Hyperbaric Oxygen Therapy
by tim
Vermont Business Magazine As Burlington Telecom heads to a new chapter in its brief history as part of new owner Schurz Communications, another chapter appears to be closing. A recent audit conducted on the City of Burlington has found that its improved financial performance, and subsequent bond rating upgrades, has resulted in the city saving $12.6 million. The financial problems suffered by Burlington Telecom and subsequently by the city as it tried to shore up the telecom with an unauthorized $16.9 million loan cratered the city's bond rating and that of city-owned Burlington International Airport.
by tim
Vermont Business Magazine Sunny Sky Products, LLC of Houston has announced that they have acquired substantially all the assets of DWS, Inc, a specialty dispensed beverage company based in South Burlington, Vermont. Sunny Sky Products is a leading, premium dispensed beverage manufacturer that sells globally to convenience stores (c-stores), schools and restaurants and this acquisition will strengthen their overall product portfolio.
Founded in 1985, DWS, Inc. has a strong position in hot dispensed products in the c-store channel. The c-store hot dispensed category comprises over half of the total c-store Food Service Beverage Sales and is projected to continue to grow, with specialty coffee beverages leading the way, according to the Convenience Store Refreshment Report from Technomic.
by tim
Vermont Business Magazine Two major credit rating agencies have affirmed their “A” rating for Dartmouth-Hitchcock Health (D-HH), with an upgrade of the credit outlook from both services. FitchRatings (Fitch) has affirmed its “A” rating, and has upgraded its credit outlook to “positive” for D-HH. Meanwhile, Standard & Poor’s has affirmed its “A” rating and improved its outlook for D-HH from “negative” to “stable.”
by tim
Vermont Business Magazine People’s United Community Foundation, the philanthropic arms of People’s United Bank, today announced that it awarded $336,807 to 50 Vermont non-profit organizations in 2017. Funding was distributed state-wide in alignment with the Foundations’ focus areas including: youth development, community and economic development, and affordable housing.
by tim
Vermont Business Magazine Homework, final exams, and graduation – all in just 14 weeks. Sound too good to be true? Think again. The burgeoning partnership between Community College of Vermont (CCV) and Brattleboro Memorial Hospital (BMH) fast-tracks students through an accelerated College to Career certification program for Medical Assisting. And this past Tuesday, the partnership program graduated its second class of Medical Assistants.
As part of the joint initiative, BMH provides full scholarships for eight successful applicants to the program. Scholarship recipients have their CCV tuition waived and receive supervised clinical practice at BMH. The eight scholarship recipients are hired as Medical Assistants at BMH upon successful completion of the program.
by tim
Vermont Business Magazine When City Market purchased just over 4.5 acres at 207 Flynn Avenue in Burlington’s South End, their plan was to subdivide the lot and work to sell the south parcel. The south parcel is 1.67 acres with an address of 75 Briggs Street. The Co-op started that process by issuing a Request for Proposals (RFP) last March, with a goal of closing on the property within one year of accepting a proposal.
John Tashiro, City Market’s General Manager, said, “The Co-op is excited to announce that we have just signed a Purchase & Sales Agreement with Andrea and Steve Charest of Petra Cliffs Climbing Center & Mountaineering School for 75 Briggs Street. Their plans for expansion and their focus on community wellness were inspiring pieces of their proposal and presentation to our team. Petra Cliffs is well-known and respected in the community and we welcome their move just down the street to become our (even closer) neighbor.”
by tim
Vermont Business Magazine The Vermont Council on Rural Development (VCRD) joined with partners Efficiency Vermont and Green Mountain Power to announce that Randolph has been selected as the next community to participate in the Climate Economy Model Communities Program. In the coming months this program will bring the citizens of Randolph together to develop locally identified initiatives that increase prosperity and affordability in an age of climate change. By designing and implementing comprehensive efficiency efforts, transportation system improvements, renewable energy generation, entrepreneurship and business incubation, Randolph can build upon its many assets and help to secure a vibrant future.
by tim
Vermont Business Magazine On Wednesday, January 31, physicians and directors representing Vermont’s Federally Qualified Health Centers (FQHC) and rural health clinics statewide, will attend meetings throughout the day with elected officials about the importance of access to comprehensive primary care services to Vermonters at community-based health care providers. Bi-State Primary Care Association and its members will also host a reception for Vermont Legislators in the State House cafeteria from 2-4 pm.
by tim
Vermont Business Magazine The University of Vermont has joined the Advanced Regenerative Manufacturing Institute (ARMI) through its BioFabUSA program. ARMI is a non-profit, federally sponsored consortium dedicated to making the large-scale manufacture of engineered tissues and tissue-related technologies practical, to benefit existing industries and grow new ones.
ARMI is one of 14 sites under the federal umbrella of Manufacturing USA and the Department of Defense focused on catalyzing specific and promising advanced manufacturing technology areas.
A tour of ARMI/BioFabUSA's headquarters in Manchester, N.H. took place at the organization's launch in July 2017. (Photo: ARMI/BioFabUSA)
by tim
Vermont Business Magazine Governor Phil Scott Monday announced that six Rutland County businesses have received a total of $696,797 in Vermont Training Program Grants from the Vermont Department of Economic Development to train 470 employees. The grants, which range from $12,800 to $281,889, will be used to provide training for employees specific to each company’s specialty and future growth goals.
“Strengthening and expanding Vermont’s workforce is a top priority for my Administration,” said Gov. Scott. “As we work to grow our economy and create greater opportunity for Vermonters, this grant program provides valuable training for Vermont workers and supports strong businesses.”
The companies receiving the grants are:
by tim
Vermont Business Magazine With cryptocurrencies continuing to attract headlines, the Department of Financial Regulation reminds Vermont investors to be cautious about investments involving cryptocurrencies. “The recent success of cryptocurrencies has drawn considerable interest from the investing public and the media, however, Vermonters should educate themselves about the risks associated with cryptocurrencies, including high volatility and limited oversight, before deciding to invest,” said DFR Commissioner Michael Pieciak.