Current News

Vermont Business Magazine Kathleen Kennedy Townsend, as well as members of the American Council for Life Insurers and others, will speak to the Vermont Public Retirement Study Committee about issues concerning retirement security in the private sector. Townsend is the founder of the Center for Retirement Initiatives at the McCourt School of Public Policy at Georgetown University, where she is the Faculty Director. The initial focus of the center is to help states plan and implement policies and programs that would make it easier for people who do not have easy access to a pension plan to save for their senior years in an efficient and cost-effective manner -- utilizing pooled, professional asset management. The center both studies and facilitates efforts to expand retirement options. Townsend also has served as the State of Maryland’s first woman Lt. Governor and as Deputy Assistant Attorney General of the United States.

Vermont Business Magazine Drive for Charity, a unique opportunity to donate to the Vermont Foodbank and enter to win a brand new car, ends Friday, November 20th. For just $5, participants are entered to win a new Subaru Impreza, Toyota Corolla, Honda Civic, or Toyota Scion tC. Raffle tickets are only available online and the last day to purchase tickets is Friday, November 20, 2015.

“We want to raise $50,000 for the Vermont Foodbank and we have less than two weeks left to reach our goal” said Dave Birmingham, 802 Cars owner. “We know 153,000 Vermonters rely on the Foodbank each year for food help—this raffle could provide a meal for each and every one of them, just in time for the holidays.”

Vermont Business Magazine It's not maple syrup. In time for the holidays, Hotwire.com has announced the top travel and leisure emoji used state by state. From the ever popular "tent" in Wyoming to "snowflakes" in Montana and Alaska and "tropical drink" in Hawaii, the data offers a fun, industry-wide read that shows consumers across the country are feeling optimistic leading up to the peak holiday travel season. Vermont's top emoji is:

...a beer mug. Hmm.

by Erin Mansfield vtdigger.org The largest membership organization for family doctors in Vermont is encouraging political leaders to not cut Medicare payments. They also endorse a sweetened beverage tax and universal background checks for gun sales. The Vermont Medical Society passed resolutions calling on Governor Peter Shumlin’s administration to not cut any payments that Medicare makes to Vermont doctors for senior citizens’ health care.

Vermont Business Magazine What was once regarded as the obligation and domain of the big boys (think Starbucks, Ben & Jerry’s, Microsoft), now sees small to mid-sized organizations joining the charge through the adoption and practice of the triple bottom line (TBL). TBL can be defined as a business framework of three pillars of sustainability: people, planet and profit. Why the latest inclusion? Almost 30 million small businesses in America can be a powerful body in effectively helping to address today’s formidable societal and environmental concerns according to one TBL practitioner.

A CPA firm in Vermont is showing small business how to get it done. It embraces corporate social responsibility in which the TBL practice is embedded. The act of corporate social responsibility (CSL) can be defined as “voluntary activities undertaken by a company to operate in an economic, social and environmentally sustainable manner.”

Vermont Business Magazine Howard Center, based in Burlington, will host an open house for a new residential program, Avenue 7, designed for young adults ages 18-28 who have an intellectual disability or autism. The program will provide support and guidance for individuals as they develop the skills necessary to live independently in the community.

The program is offered in partnership with the Burlington Housing Authority (BHA) and will provide housing and support for individuals who will eventually transition to living independently in their own apartment in the community.

Cathie Buscaglia, lead project coordinator from Howard Center, says, “This is a model of support that individuals and families have been requesting for some time. We are thrilled to partner with BHA to offer this important support for individuals as they transition to independence.”

Vermont Business Magazine The ribbon is cut by owners Christopher and Angela LaFlamme at the Rutland Region Chamber of Commerce Ribbon Cutting and Grand Opening Celebration at the new location of LaFlamme’s Furniture Mall located at 3 Diamond Run Mall in Rutland Town. LaFlamme’s Furniture Mall is the largest single story furniture store in Vermont at 50,000 square feet. LaFlamme’s Furniture Mall is not just furniture, there are several specialty displays by local businesses including Gilmore Home Center, Allen Pools & spas, Go Big, Inc, Proctor Gas, Garland Farm & Garden and others. The store also features a design, appliances, mattresses, flooring, electronics and more!

Vermont Business Magazine Less than two months after a historic low, Vermont's weekly unemployment claims have surged to over 700. For the week of September 26, there were 286 claims. Not to be alarmed, they're still lower than last year.

New, regular benefit claims for Unemployment Insurance in Vermont for the week of November 7 were 704, an increase of 77 from the previous week's total and 129 fewer than they were a year ago. Generally, claims have been running below last year's totals. Total claims were up a little in most regions of the state for the week, but down everywhere for the year. By industry, claims increased for Manufacturing and were slightly up for Construction. As has been the trend, Services led all categories with 53 percent of all claims.

Vermont Business Magazine The State Treasurer’s Office is currently holding approximately $71 million in unclaimed financial property. The office is now in the midst of its fall outreach campaign and State Treasurer Beth Pearce is encouraging Vermonters to check for their name in the unclaimed property database. “We are always actively encouraging Vermonters to check for their name, business or non-profit organization in the unclaimed property database,” said Pearce. “In this past year, we received more than $10 million in new unclaimed property. We encourage people to develop the habit of checking at least once a year to see if there’s anything listed for them.”

Vermont Business Magazine Northern Power Systems Corp (TSX: NPS), a next generation renewable energy technology company, today announced financial results for its third quarter ended September 30, 2015. Revenue for the three months ended September 30, 2015 was $16.7 million, compared to $15.0 million in the third quarter of 2014. GAAP net loss for the third quarter of 2015 was $0.5 million, compared to a net loss of $0.3 million in the prior year third quarter.

Vermont Business Magazine Governor Peter Shumlin has ordered the Vermont state flag to be flown at half-staff in honor former Vermont First Lady, State Senator, and Lieutenant Governor Barbara Snelling who passed away last week. Flags will be lowered for three days starting Friday morning at sunrise. “Barbara Snelling served Vermont with great distinction in roles big and small. Whether in service to her state or community, Barbara will always be remembered for her compassion and dedication and for overcoming great personal tragedy to continue to give back to the state she loved.” A public celebration of Snelling’s life will be held on Friday at 2 pm at the Vermont State House in Montpelier.

Vermont Business Magazine Sugarbush Resort has begun snowmaking for the 2015/16 winter season. The guns fired up last weekend on Jester and Organgrinder at the top of Lincoln Peak and FIS, Elbow, Rim Run, and Panorama at Mt. Ellen. Guns were on Saturday night through Sunday morning as conditions allowed. The resort has since turned the guns off until proper temperatures return, which could be as early as this coming weekend. The resort expects to open on Saturday, November 21^st, weather permitting. It typically takes three or four days of good snowmaking temperatures to be able to open top to bottom.