Current News

Vermont Business Magazine Governor Phil Scott declared the week of February 19 as Engineering Week in Vermont. The week is designated to recognize both practicing and aspiring engineers, and the value of scientific and technical skills to help move industry, society and the economy forward. “Engineers are problem solvers, and crucial to strengthening the economy, making Vermont more affordable, and protecting our most vulnerable,” said Gov. Scott. “Supporting education and training in traditional technical trades and the industries of the future is vital to growing our economy, and I believe focusing on science, technology, engineering, and math (STEM) is a critical part of building a strong workforce and creating greater opportunities for Vermonters.”

Vermont Business Magazine Youth marketing agency and Burlington-based Fuse has been looking at trends marketers should plan for in 2017. During the last 18 months, Fuse has observed the increased importance that Millennials are placing on knowing the "politics" of the brands they buy. In addition to its history, product attributes, and community involvement, young consumers want to understand where a brand stands on political issues, making politics a new factor in a brand's DNA.

BRAND DNA

Our consumer study this month produced some surprising results and indicate Millennials and older Gen Z consider a brand's politics as more than just a simple litmus test to determine what to buy.

Vermont Business MagazineSouth Burlington-based Dynapower, the global leader in energy storage inverters, and Intertek, a leading provider of quality solutions to industries worldwide, have jointly announced that Dynapower’sMPS-250is the first storage-only energy inverter to be confirmed by Intertek to meet the UL 1741 SA draft requirements for a “smart” inverter.

by Rob Roper Vermont has been actively expanding taxpayer funded universal Pre-K since 2007 (Act 62). The claims back then and the claims today haven’t changed. Advocates promise that in the long run, these programs will prove great for kids and taxpayers! But ten years later, as we’re looking at an even more dramatic and expensive expansion of these programs, we have to ask if what we’ve done so far has lived up to the hype.

Vermont Business Magazine On Saturday, February 4th, 26 employees of Merchants Bank joined over 1,200 enthusiastic individuals at the Burlington Waterfront, to partake in the Penguin Plunge. The event rose over $540,000 for Special Olympics Vermont athletes. The Penguin Plunge has become a highly anticipated staple of winter in Vermont and is widely recognized as a fun team building exercise for hundreds of families, schools, and businesses.

Vermont Business Magazine Governor Phil Scott today announced the appointment of Emily Boedecker as commissioner of the Department of Environmental Conservation (DEC) and Riley Allen as deputy commissioner of the Department of Public Service.“I’m excited to have both Emily and Riley join our team, as they will both be dedicated public servants, and are committed to the missions of their respective departments and my goals to grow the economy, make Vermont more affordable and protect the most vulnerable,” said Governor Scott. “Emily’s managerial experience and ability to bring together multiple stakeholders to work towards common goals will be a tremendous asset to DEC, and Riley’s experience analyzing and advising on a wide range of power sector and regulatory issues will serve Vermonters well.”

Vermont Business Magazine Over 100 Vermont businesses completed the latest semi-annual economic survey in January regarding the outlook of Vermont’s small- to medium-sized businesses. The survey, presented by Davis & Hodgdon Associates CPAs and the Vermont Chamber of Commerce, revealed that while opinions about the Vermont and US economies are moving in a positive direction, there is still a great desire to see improvement in the state’s business climate and tax laws.

Vermont Business MagazineThe USConsumer Product Safety Commission (CPSC) announced today that Keurig Green Mountain, Inc, based in Waterbury, has agreed to pay a$5.8 millioncivil penaltyto the government. The penalty settles charges that Keurig knowingly failed to report a defect and unreasonable risk of serious injury to CPSC immediately with Keurig MINI Plus Brewing Systems, as required by federal law.

Vermont Business Magazine Ledyard Financial Group, Inc(ticker symbol LFGP), the holding company for Ledyard National Bank with a presence in Vermont, has reported record earnings for 2016 of $4,128,419, a 2% improvement over 2015. Net income for the quarter ended December 31, 2016, was $987,221 or $0.95 per share compared to $886,229 or $0.87 per share for the same period in 2015, an increase of $110,992 or 11%. This increase was primarily due to the improving environment for our two primary businesses, banking and wealth management. Net income for the twelve months ended December 31, 2016 was $4,128,419 or $3.98 per share compared to $4,061,338 or $3.96 per share for the same period in 2015, an increase of $68,025 or 2%.

Additional highlights for the year include:

Vermont Business Magazine Today, the Accountable Care Learning Collaborative (ACLC) released a series of 20 Case Study Briefs (CSBs) as part of its latest initiative to help providers identify and implement the care delivery competencies necessary to succeed under risk-based payment. InSeptember 2016, the ACLC released its first iteration of recommendedcompetenciesalong with a "Call to Collaborative Action," petitioning health care organizations to actively engage in sharing solutions. Today's announcement uses that work as a foundational framework for targeted, tactical learning.

Vermont Business Magazine It's easy to find out how many calories are in a Twinkie. But how about in a tweet? A team of scientists have invented a new instrument for measuring just that: the caloric content of social media posts--like tweets. The state of Vermont isn't that great, as it turns out, and bacon appears to be the issue. "This can be a powerful public health tool," says Peter Dodds, a scientist at the University of Vermont, who co-led the invention of the new device--called a Lexicocalorimeter. "It's a bit like having a satellite image of how people in a state or city are eating and exercising."

Vermont Business Magazine The rumors proved true. Vail Resorts, Inc (NYSE: MTN) announced this morning that on Friday, February 17, 2017, it entered an agreement to acquire Stowe Mountain Resort from Mt Mansfield Company, Inc(MMC), a wholly owned subsidiary of American International Group, Inc. (AIG), for a purchase price of $50 million, subject to certain adjustments. Stowe Mountain Resort will be Vail Resorts' first mountain resort on the East Coast. Vail Resorts is acquiring all of the assets related to the mountain operations of the resort, including base area skier services (food and beverage, retail and rental, lift ticket offices and ski and snowboard school facilities) at Mount Mansfield and Spruce Peak. The deal does not include the Stowe Mountain Lodge, Stowe Mountain Club, Stowe Country Club and certain real estate owned and held for potential future development, which will be retained by MMC.