Current News

Utilities' study offers electric generation options

Seminars to Educate Business Advisors about Employee Ownership
Burlington, Vermont (August 19, 2008) -- The Vermont Employee Ownership Center (VEOC) will be holding seminars in three locations around the state designed to educate business advisors about the basics of employee ownership.
Designed for attorneys, CPAs, bankers, trust officers, and other professional advisors, ESOPs & Succession Planning: A Technical Introduction to Employee Ownership for Business Advisors will give attendees the tools necessary to advise their clients about employee ownership as an option for their business succession plan.
The seminars will be held at the following locations:

" September 18th at the Doubletree Hotel in Burlington (8:00 am to 10:30 am)

" October 7th at the Brattleboro Savings & Loan in Brattleboro (2:30 pm to 5:00 pm)

SHELBURNE MUSEUM AWARDED EDUCATION GRANT
Museums for America grant enhances key museum mission
SHELBURNE, Vt. - (Aug. 18, 2008) Shelburne Museum Director Stephan Jost announced that the museum has been awarded a grant from the Institute of Museum and Library Services. The Museums for America grant will support education programs at the museum, a core part of the museum's mission.

Shelburne Museum was awarded $76,000 for art workshops, summer day camps for children, evening programs for adults and children and training for guide staff. The museum was among 154 institutions in 39 states selected to receive the federal grants.

National Trust Lends Support to Vermont Tech

Manpower Named One of PINK Magazine's Top Companies for Women
Burlington, VT August 18, 2008 - Manpower was the only employment services company to be named one of PINK magazine's 2008 "Top Companies for Women". PINKs annual ranking recognizes the prominent role of women at Manpower, particularly in top leadership roles.
"Seventy percent of employees in the U.S. organization at manager-level and above are women," said Amanda Niklaus, of Manpower's Burlington, VT office. "PINK's listing recognizes Manpower's dedication to fostering a culture diverse in thought and experience, and honors the women who provide these strengths."
PINK solicited nominations from U.S.-based companies and evaluated respondents on:
· Power - the number of women in board seats and C-suites, and with P&L responsibility;

· Pipeline - leadership training, mentoring and coaching programs designed to retain and advance talented women; and

UNEMPLOYMENT EDGES UP SLIGHTLY TO 4.8% IN JULY, VERMONT'S ANNUAL JOB SLIPS DOWN 0.1%.
Montpelier (August 15, 2008)-- The Vermont Department of Labor announced today that the seasonally adjusted unemployment rate for July 2008 was 4.8 percent, up one-tenth of a point from the revised June rate of 4.7% and up one point from a year ago.
"National economic conditions continue to make job growth a challenge in the short-term," said Patricia Moulton Powden, Commissioner of the Vermont Department of Labor. "This is showing up in our own labor market as a slight increase in unemployment coupled with a small decline in job growth."

Carlson Wagonlit Travel Associates Announce Plans to
Reveal New Brand for Over 500 US Based Franchisees
Travel Is a Journey, Discover All That's Ahead
Minneapolis, MN (August 14, 2008) - Carlson Wagonlit Travel Associates, including those in the Burlington-Plattsburgh, NY, area have disclosed that it would soon be unveiling a new brand name for its more than 500 US-based franchised travel agency locations.
Because Carlson Wagonlit Travel Associates is no longer associated with Carlson or its Carlson Wagonlit Travel (CWT) corporate travel management company, an extensive rebranding process was initiated to distinguish franchisees from CWT. That strategy will culminate in an official celebration to reveal the exciting new brand in the near future.

Sovernet Communications Acquires Majority Interest in Albany, NY-based ION

BELLOWS FALLS, VT (August 14, 2008) --- Sovernet Communications, a subsidiary of Atlantic Tele-Network (ATNI-NASDAQ), has announced it has acquired a majority interest in Albany, NY-based ION, a provider of high capacity communications network transport services, in partnership with twelve rural telephone companies in up-state New York.

Union Bank announces new Danville Office
Danville VT, August 14, 2008 - Union Bank has announced the official opening of its new Danville office, located in the Marty's 1st Stop complex, Route 2 in Danville. A grand opening celebration and ribbon cutting was held on Saturday, August 9th for both the new Union Bank office and the newly-expanded Marty's 1st Stop store.
"We are very excited about serving the greater Danville area with our new office," said Ken Gibbons, Union Bank President and CEO. "Marty's 1st Stop is a center for a great deal of activity for both local residents and commuters, and our new office will feature extended hours to accommodate their banking needs. The new office will be open Monday through Friday, from 7:30 a.m. through 5:00 p.m., and our ATM and night depository will continue to be accessible 24/7."

Woodbury College, Champlain College Announce Merger
BURLINGTON, Vt. (Aug. 14, 2008) - The leaders of Champlain College and Woodbury College announced today that they have signed a letter of intent to merge and create The Woodbury Institute at Champlain College beginning fall 2008.
"We have found a wonderful partner whose culture, infrastructure, and support will allow us to capitalize on numerous and significant opportunities," said Woodbury College President Larry Mandell.
Champlain College President David Finney agreed. "Over the course of its 33-year history, Woodbury has established itself as one of the nation's premier institutions of higher education in the critically important areas of legal studies, mediation, and advocacy."

On Thursday, June 5, 2008, Engineering Ventures, Inc. was awarded the Grand Award for Structures from the American Council of Engineering Companies of Vermont, for their structural work at the Dudley H. Davis Student Center, at the University of Vermont.
The 186,000 square foot building was also awarded LEED Gold Certification by the U.S. Green Building Council. LEED is a third-party certification program and the nationally accepted benchmark for the design, construction and operation of high performance green buildings. Ninety two percent of all construction waste from the project was reused or recycled.

The civil work performed by Engineering Ventures, Inc. for a new snow making system at Cochran's Ski Area was awarded a Certificate of Merit for Water Resources. Cochrans Ski Area is a 501 (c)(3) Non-Profit organization offering ski and snowboard programs for children and families.

The awards ceremony was held in the Livak Ballroom, at the Davis Center.

Secretary of Administration Michael K. Smith today released General Fund revenue results for the month of July, the first month of Fiscal Year 2009. General Fund revenues totaled $96.66 million for July 2008, +$8.07 million or +9.11% above the $88.58 million consensus revenue forecast for the month and year-to-date.
The monthly targets reflect the most recent Fiscal Year 2009 Consensus Revenue Forecast that was agreed to by the Emergency Board on July 29, 2008. The State's Consensus Revenue Forecast is normally updated two times per year in January and July. However, with the uncertainty of the national economy, the Emergency Board is considering an interim review of the Consensus Revenue Forecast in November, 2008.