Current News

Vermont Business Magazine Artificial intelligence just got smarter. IBM (NYSE: IBM), its Research Alliance partners GLOBALFOUNDRIES and Samsung, and equipment suppliers have developed an industry-first process to build silicon nanosheet transistors that will enable 5nanometer(nm)chips. The details of the process will be presented at the 2017 Symposia on VLSI Technology and Circuits conference in Kyoto, Japan. In less than two years since developing a 7nm test node chip with 20 billion transistors, scientists have paved the way for 30 billion switches on a fingernail-sized chip. GLOBALFOUNDRIES bought IBM's legacy chip plants in Essex Junction, Vermont, and Fishkill, NY in July 2015.

Vermont Business MagazinegroSolar, based in White River Jct,JEA, and AEP OnSite Partners, an American Electric Power (NYSE: AEP) company, have announced the commercial operation of the 7-megawatt (MWAC)Northwest Jacksonville Solar Partners (NWJAX) solar farmin Jacksonville, Florida. The project is located on Arnold Road just north of the Jacksonville International Airport. The NWJAX project is owned by AEP OnSite Partners and features single axis trackers that track the sun from east to west throughout the day greatly increasing the efficiency of the project.

Vermont Business Magazine CAA-Quebec's traditional survey of Quebecers' summer vacation plans reveals that residents of the province are highly confident this year. Whereas many respondents in 2016 said they'd be staying at home (or close by), this summer people have clearly regained their thirst for adventure, with holiday plans that are more ambitious in every respect. The northern New England states will see many visitors from the north, but the strength of the US dollar will send others overseas if they decide to travel out of the country.

The flags of Quebec and Vermont fly side-by-side, a common site in the summer in Vermont, as tourists from the north are an important part of the travel economy and an imporant part of the state's heritage.

Vermont Business Magazine Keurig Green Mountain, Inc, based in Waterbury, has introduced a new lineup of brewer colors just in time for the spring and summer seasons. Knowing the importance of color in the kitchen, Keurig worked closely with its longtime partner, the Pantone Color Institute to create an assortment of new beautiful and bold colors for select Keurig brewers that complement a variety of design aesthetics.

“With today’s continually evolving design and color trends, consumers have so many ways of incorporating different accents into their home” says Phil Drapeau, Vice President of Hot System Appliances. “Each year we look forward to introducing new colors to our Keurig coffee maker lineup so consumers can bring their own personal style into the kitchen.”

Vermont Business Magazine ValChoice, a national insurance analytics and rating firm, has ranked Vermont as the 16^th worst state for home insurance value in the nation. For comparison purposes, the average price of auto insurance in Vermont is $665, up 5 percent over three years. Homeowners insurance in Vermont rose 12.8 percent to $844 in the same period.

Vermont Business Magazine Attorney General Thomas JDonovan, Jrhas announced that Vermont has entered into asettlementwith JPay Inc, a provider of communication services to correctional facilities. The settlement involves a promotional contest that JPay conducted in violation of Vermont law. JPay will pay a $7,380 penalty to the State of Vermont, and will refund atotal of approximately $400 in fees paid by 82 Vermonters who entered the contest.

Vermont Business Magazine Gray Television, Inc(NYSE: GTN and GTN.A)announced today its promotion of veteran broadcasters to lead its television stations in four markets.Like all other new Gray General Managers named in 2017, all four of these individuals were promoted from within Gray's station ranks. Gray owns over 100 stations in generally middle markets across the US. Gray took over WCAX on June 1 in a $29 million deal announced May 4.

Vermont Business Magazine Governor Phil Scott today vetoed H 509, a property tax bill, and H518, the Legislature’s proposed state budget. In a statement issued Tuesday afternoon, the governor said that in combination, these bills forgo up to $13 million in savings for Fiscal Year 2018 and up to $26 million in annual education savings, worsening the unsustainable trajectory of continuously rising property taxes at a time when student enrollment continues to decline by, on average, three pupils each day. The governor proposed in April to roll the many local teacher health insurance plans into one state plan. The teachers' union and Democratic leadership in the Legislature rejected Scott's plan because it disrupts the collective bargaining process and reduces local control. They also complained that such a sweeping proposal came too late in the legislative process to get a reasonable hearing and that, in any case, teachers are not state employees.

Vermont Business Magazine Vermont’s congressional delegation announced Tuesday that Williston and Richmond have received a combined $656,000 in US Forest Service grants to create town forests. In a joint statement, Senators Patrick Leahy (D-Vermont) and Bernie Sanders (I-Vermont), and Representative Peter Welch (D-Vermont) said, “We are pleased these federal funds will allow the towns of Williston and Richmond to conserve key tracts of forest, increase public access and improve recreational opportunities for local residents.”

The federal investment announced by the Forest Service is the result of a national competition that selected only seven projects nationally, including these two outstanding Vermont projects: $400,000 was awarded for the Catamount Community Forest in Williston; and $256,000 was awarded for the Richmond Town Forest in Richmond.

Vermont Business Magazine Attorney General Thomas J. Donovan, Jr, joined a coalition of seven state Attorneys General to oppose the US Environmental Protection Agency’s (EPA) March 29, 2017 order allowing continued use of chlorpyrifos on food. Chlorpyrifos, a widely-used pesticide on food crops – including those consumed by infants, young children and pregnant women – has been shown to negatively impact proper development and functioning of the central nervous system and the brain.

Senator Patrick Leahy Thank you, Chairman Blunt and Ranking Member Murray, for holding this hearing today to examine the President’s fiscal year 2018 budget proposal for the Department of Education. I appreciate the opportunity to make a few brief opening remarks. Unfortunately, the President’s proposed budget displays a fundamental lack of understanding of the role of government of, by, and for the people, in supporting the middle class, lifting up the most vulnerable among us, and serving our values and interests as a nation. Sequestration has had devastating consequences for both defense and non-defense programs; consequences that will last a generation or more. The Trump budget would only extend and deepen those problems. And I think the budget proposal for the Department of Education can be summed up quickly: abysmal.

Vermont Business Magazine An Economic Impact Report conducted by Consulting EconomistCharles Lawton, PhDon behalf of the American Camp Association, Northeast Region reveals that the youth camping industry provides economic benefits to the Northeast and has a direct financial benefit of$3.2 billionannually on nine states includingConnecticut,Maine,Massachusetts,New Hampshire,New Jersey,New York,Pennsylvania,Rhode IslandandVermont. There are over 6,000 licensed camp programs in the Northeast that employ almost 175,000 people seasonally and 10,000 full-time.