Current News

by tim

The University of Vermont began a new chapter in its fundraising history January 1, 2012, with the formal start of the University of Vermont and State Agricultural Foundation, Inc.
The foundation was incorporated in March 2011 and has since been engaged in organizing its administrative and governance structure. The purpose of the UVM Foundation is to secure and manage private support for UVM. It will devote itself to raising financial support for the academic and related priorities of the university, including gifts that will build a supplemental endowment.
"This alliance has broad implications for the financial health of the University, and its impact will be felt throughout the institution," said UVM Interim President John Bramley. "With the establishment of the University of Vermont Foundation, UVM has signaled its intent to become more engaged in the broader scope of American philanthropy."

by tim

Sara Blum, President & CEO of PostScript, Inc, announced today that the company has changed its corporate name to Acorn Marketing, Inc as of the first of the year.
‘The new name, Acorn Marketing, better represents the company and our services,’ states Blum. ‘As an organization, we are driven by four core values: integrity, quality, creativity and community. The organic nature of our vision and values is evidenced in our tagline, marketing for growth,’ she continued.
The original name, PostScript, Inc reflected the founder, Peter Post who is no longer an interest holder in the company. The company has used the brand identity of the acorn and tagline since 2005.

by tim

Secretaryof State Jim Condos reminds Vermont businesses that if your business registration with the Division of Corporations/Business Services has a Fiscal Year End of December (i.e. FYE 12); your annual reports are due between January 1stand March 15th2012.
‘The December annual reports filing is our busiest time of year. We have sent out close to 40,000 notices to Vermont businesses informing them that it is time to file their annual report’, statedSecretaryCondos.
‘Maintaining your status as aVermontentity on an annual basis is an important part of your statutory responsibilities as a business inVermont. Furthermore, the process is quick and we encourage clients to file online.’
With a greater emphasis on reducing government waste, while being more environmentally conscious, Secretary Condos is asking Vermont businesses to file online rather than print the form and mail it in.

by tim

Four St Johnsbury non-profits’Fairbanks Museum & Planetarium, St. Johnsbury Athenaeum, St. Johnsbury Academy and Catamount Arts’will jointly promote the combined arts-and-culture resources that exist within their organizations and develop new opportunities for collaboration to enhance St. Johnsbury's cultural climate and creative economy. The group is recognizing their proximate area in St Johnsbury as the Arts & Culture Campus.

by tim

As requested by Central Vermont Public Service in November, the Vermont Public Service Board has authorized a 4.8 percent rate increase under the company’s alternative regulation plan. The change will take effect with bills rendered on January 2.
Even after the increase, the company’s rates will remain competitive with the major utilities in New England. The bill for a residential customer who uses 500 kilowatt-hours of electricity per month will rise from $82.26 to $86.22. By comparison, the same customer would pay as much as $114.03 elsewhere in New England, according to the Edison Electric Institute.
The rate change is being driven by a variety of factors, which include new power contracts at competitive, yet slightly higher costs, and investments in its system to improve reliability for customers. Meanwhile, the rate impact was mitigated by a reduction in CVPS' allowed return on equity, which will drop from 9.45 to 9.17 percent.

by tim

Green Mountain Power (GMP) has announced that it will conserve more than 2,700 acres of land in the Northeast Kingdom. The land is being protected as part of GMP's Kingdom Community Wind project on Lowell Mountain that will produce enough electricity to supply 24,000 homes.
"GMP has protected more than 2,700 acres to mitigate the 159 acre impact of the project," said Mary Powell, President and CEO of Green Mountain Power. "The conserved land provides for important habitat to offset the overall project effects and provides connectivity to other conserved lands. This level of mitigation is unprecedented in Vermont."

by tim

The post-Irene mobile home de-construction team assembled by Lt. Governor Phil Scott and Secretary of Commerce and Community Development Lawrence Miller has reported that they removed 68 homes in six parks around the state, completing the first phase of their work in early December.
Scott and Miller launched the project in late September after hearing that many Vermonters whose mobile homes were destroyed in the flood were facing disposal costs of $3,500 to $4,500. A total of 385 mobile homes throughout the state received some level of FEMA assistance, and 141 of these were deemed "substantially damaged" and beyond repair. However, the average FEMA award to mobile home owners - which was to cover repair or replacement of the home itself as well as damaged contents and temporary housing costs -- was only $4,500.

by tim

The final segment of Vermont’s state highway system closed due to damage from Tropical Storm Irene reopened to traffic Thursday. A celebration was held at Stockbridge Central School to commemorate the reopening of the ‘Last Mile,’ actually just over seven miles of Vermont Route 107 between Bethel and Stockbridge. State and local officials joined with VTrans workers and representatives from the many groups that played a part in the reconstruction process to celebrate, remember and mark the beginning of the next phase of recovery for the hard-hit region.
The reconstruction of Route 107 was accomplished in 16 weeks through a combination of innovation and hard work. More than 46 companies, including two major contractors and two railroads, worked with VTrans, National Guard units and law enforcement personnel to complete the project.

by tim

Governor Peter Shumlin has announced that Sue Minter, Deputy Secretary of the Agency of Transportation, will replace Neale Lunderville as Irene Recovery Officer. Minter will step into the new post on January 6, as Lunderville returns to his job at Green Mountain Power.

‘Neale has been critical in bringing Vermont through the immediate aftermath of the worst storm to hit this state in nearly a century, and to help shape the recovery plan as we move into 2012,’ Shumlin said. ‘I appreciate his willingness to help his state in a crisis.’

Minter, the Governor noted, has also been a pivotal player in the Irene recovery effort, working with AOT Secretary Brian Searles and the transportation crews to get 500 miles of damaged roads and 34 closed bridges re-opened before the brunt of the winter season hit Vermont. The last road ‘ Route 107 ‘ re-opened today.

by tim

The State of Vermont has awarded $409,532 in Municipal Planning Grants to 42 communities across the state to help them plan for a variety of forward thinking objectives including economic development, village revitalization and future housing needs. These grants of up to $15,000 cover a variety of planning initiatives and projects.
Funded projects include village planning in Peru, Hinesburg and Fairfax, innovative form-based plans and bylaws in St. Albans, Burlington and Newport, a housing assessment in Rutland, public works and capital planning in Cavendish, standards for highway commercial development in Waltham and New Haven, and an economic development plan in Bennington that will involve all the key businesses and organizations. Municipalities have 18 months to complete their planning projects.

by tim

Governor Peter Shumlin and legislative leaders have announced that the state would add $6.1 million to the Low Income Home Energy Assistance Program, known as LIHEAP, to help ensure Vermonters can afford to heat their homes and stay warm this winter.
Despite the heavy lifting of Vermont’s Congressional delegation, the federal contribution to LIHEAP will be about $8 million less than last year. Vermont received $27.6 million in fuel assistance from the federal government for heating assistance last year, providing an average benefit of $866. This year Vermont expects to receive $19.5 million, providing an average benefit amount of $750, the Governor said.
‘We should not let vulnerable Vermonters freeze in their homes this winter season,’ Gov. Shumlin said. ‘The state will provide the additional funding to help ensure every Vermonter stays warm. In addition, we will review the program to find ways of ensuring that heating assistance is sustainable in future years.’

by tim

Central Vermont Public Service today announced a $10,000 company donation and $100,000 in matching funds for CVPS Shareheat, a last-resort program that provides emergency fuel assistance to hundreds of Vermont families each year.
‘With federal cutbacks in the Low Income Home Energy Assistance Program, Shareheat will be more important than ever this winter,’ CVPS spokesman Steve Costello said. ‘As a result, CVPS is making a special $10,000 donation to Shareheat, in addition to a pledge of $100,000 in funds to match customer contributions dollar for dollar.’