Current News

by tim

Center for Global Business & Technology
at Champlain College opens its doors
BURLINGTON, Vt.-Champlain College opened a $10 million academic facility
on August 30. The Center for Global Business & Technology will enhance the
College's ability to put students to work on real business challenges for
Vermont companies and non-profits, which will fuel Vermont's business
community. Students will interact with these clients and Champlain faculty
members in new high-tech classrooms and multimedia suites, a market
research and strategy room, focus group room, international business
resource center and conference rooms.
"This building speaks to Champlain's philosophy of action-based
education," said President Roger H. Perry. "The Center includes as much
integration with the business community as we could build into it. It's a
facility that benefits students as well as Vermont's public and private

by tim

The city of Burlington will again play host to the ALS Association Northern New England Chapters largest statewide fundraiser, Walk to D'Feet ALS, happening Saturday, September 18th at Burlington's Leddy Park. The event is a chance for those in Vermont personally touched by ALS to join together in support of those who still struggle with the effects of this devastating terminal illness. Our fundraising goal for this event is $50,000!
2004 Sponsors include: General Dynamics, ATP. , Ride Away Corporation, Green Mountain Video, Inc, Madhouse Munchies of Vermont and many more!

by tim

JAMES KEYES PROMOTED TO PRESIDENT OF CITIZENS BANK'S CHARTER ONE FRANCHISE
IN VERMONT
Keyes, Who Joined Citizens Bank in 2002 as EVP of Commercial Lending, Will
Oversee Vermont Operations
Providence, RI (August 26, 2004) - Citizens Financial Group announced
today that James R. Keyes will be President of Citizens Bank's Charter One
franchise in Vermont. Citizens takes over Charter One on September 1. Keyes, who joined Citizens Bank New Hampshire in
June of 2002 as Executive Vice President of Commercial Lending, will
return to the Vermont market, where he spent more than 17 years.
"Jim brings more than 25 years of diverse banking experience to his new
role within Citizens Bank," said Bob Mahoney, Vice Chairman of New England
Banking at Citizens Financial Group. "He is a 'balanced banker' with a
background that includes executive level management positions in many

by tim

Vermont to Receive $337,500 in Securities Settlement
with Deutsche Bank Securities and Thomas Weisel Partners
Montpelier, VT (August 26, 2004) - Under the terms of settlements announced today between
securities regulators and Deutsche Bank Securities Inc. and Thomas Weisel
Partners LLC, Vermont stands to receive $337,500 in total fine money upon
final acceptance of the terms of the agreement, said John P. Crowley,
Vermont's Commissioner of Banking, Insurance, Securities and Health Care
Administration (BISHCA). The settlements result from allegations of
conflicts of interest at brokerage houses where analysts recommended
stocks due to improper influence from their investment banking colleagues.
Deutche Bank Securities, Inc. will pay $287,500 and Thomas Weisel Partners
LLC will pay $50,000 in fines.
Commissioner Crowley made the announcement following investigations of the

by tim

The Vermont Chamber of Commerce is pleased to announce that Stephan A. Morse of Newfane has been selected as the Vermont Chamber of Commerce Citizen of the Year. Morse will be honored with a roast-and-toast banquet on October 28, 2004 at the Woodstock Inn & Resort.
The prestigious Vermont Chamber of Commerce Citizen of the Year award focuses on community service, and going above and beyond the call of duty. Presented annually for more than four decades, the Citizen of the Year award honors the person who contributes to Vermont on a statewide basis through service, self-sacrifice, and volunteerism.
Morse is known for his dedication to Vermont communities and our citizens through both his career and volunteer efforts. A native Vermonter and former Speaker of the Vermont House of Representatives, Morse is currently the President and CEO of the Windham Foundation, Inc., in Grafton.

by tim

TD Bank Financial Group to Become Majority Shareholder of
Banknorth Group, Inc.
Strategic acquisition provides TD with personal and commercial
banking growth opportunity in the US
Banknorth gains partner to expand its community-based banking model
PORTLAND, Maine--Aug. 26, 2004--Banknorth Group, Inc. (NYSE: BNK) and
TD
Bank Financial Group (TDBFG) today announced that they have signed a
definitive agreement for TDBFG to acquire 51% of the outstanding shares of
Banknorth for approximately US$3.8 billion (approximately CDN$5 billion)
in cash and TD common shares. This acquisition will provide TD with the
majority interest in a growth company that has a proven track record of
making strategic acquisitions.
"This strategic acquisition provides us with an expanding beachhead in

by tim

Civil Commitment Prevents the Release of Violent Sexual Predators
Montpelier-Governor Jim Douglas has called on the legislature to
create an end of sentence review process for sex offenders designed to
thoroughly review the offender's offense history, involvement and progress
in sex offender treatment, and mental health status.
The Governor said the review would include the possibility of involuntary
civil commitment to the Vermont State Hospital for those who have failed
to complete treatment and who meet a legal definition of a sexually
violent predator to be established in the legislation.
The sex offender registry bill championed by the Governor and victim's
rights advocates in the last legislative session included a provision
sponsored by House Republicans requiring a committee to study civil
commitment and other enhancements of Vermont's sex offender laws.

by tim

Fletcher Allen Health Care Reaches First Milestone in Nursing
Recruitment and Retention Campaign;
28 Registered Nurses Signed to Date
BURLINGTON - Fletcher Allen Health Care announced today that it has
reached the first milestone in its nursing recruitment and retention
campaign. Twenty-eight nurses have signed up through the program to
date.
The comprehensive recruitment and retention plan - which aims to hire
100 nurses in 100 days - is designed to attract nurses to the academic
health center and to retain the nurses who work there. The campaign runs
from August 2 to November 9.
In the first three weeks of the campaign, Fletcher Allen received 63
contacts and conducted 37 interviews, which have resulted in 28 nurses
who have increased their hours or joined Fletcher Allen.
Of the 28 nurses, five are Fletcher Allen nurses who increased their

by tim

Colchester, VTThe Vermont Council for Quality, partnering with the Vermont Manufacturing Extension Center, will hold their 2004 Fall Quality Conference on September 27, 2004 at the Clarion Hotel and Conference Center in South Burlington. The purpose of the conference is to bring together a cross section of Vermont organizations to discuss how to implement performance excellence and continuous improvement measures to enhance an organizations efficiency, profitability and success.
The conference will include panelists from Manufacturing, Health Care, Small Business and Education to share their success stories and lessons learned. The afternoon will spotlight best practices in Balanced Scorecard, Outcome Based Planning, Action Planning, and Information and Knowledge Management.

by tim

Electricians union reaches deal with Vermont Yankee
Entergy Vermont Yankee and the International Brotherhood of Electrical Workers reached an 11th hour deal August 19 over a new three-year contract. The tentative contract agreement coincided with a visit to Brattleboro from Rudolph Giuliani, who is now a security consultant working with Entergy Nuclear.

Electrical workers at the nuclear plant, located in Vernon, were set to go on strike if a new deal had not been reached. Managers at the plant were set to take over those jobs to keep the plant operational. The sticking point was over health care costs. IBEW workers had struck twice in the plants history, once in 1974 and again in 1979.

by tim

VERMONT UNEMPLOYMENT
Montpelier -- The Department of Employment and Training announced Thursday (August 19, 2004)
a seasonally adjusted unemployment rate of 3.4 percent for Vermont in
July.

by tim

GBIC WINS NORTHEASTERN ECONOMIC DEVELOPMENT ASSOCIATION AWARD FOR
QUARTERLY NEWSLETTER
BURLINGTON - The Greater Burlington Industrial Corporation (GBIC) has been
awarded a 2004 Northeastern Economic Development Award for Literature and
Promotions for its Summer 2004 "Highlights" newsletter.
GBIC "Highlights" is a quarterly newsletter sent out by the organization,
which is the regional development corporation for Chittenden County. The
summer 2004 issue, which was issued in time for GBIC's 50th Anniversary
and Annual Meeting in June 2004, contains articles on GBIC's involvement
with new stormwater legislation, the regional technical academy, and the
Chittenden County strategic economic development plan.
"Winning a NEDA award is a true honor because GBIC has been recognized by
our peers for our most current fulfillment piece," said Frank Cioffi,