Current News

Herlihy Is New Deputy Commissioner Of Vermont Department Of Tourism &
Marketing
MONTPELIER, Vt. - Cathy Herlihy of East Montpelier has been appointed the
new Deputy Commissioner of the Vermont Department of Tourism & Marketing
(VDTM). Herlihy takes over the post from Sybil Chicoine who left in late
September for a job in the private sector after serving as VDTM's Deputy
Commissioner since January of 2002.
Since 1995 Herlihy has been Director of Training & Marketing with the
Vermont Small Business Development Center (SBDC). SBDC is a non-profit
partnership of government, education, and business whose goal is to spur
Vermont's economy by helping small businesses succeed and grow through
training and consultation. SBDC is partially funded by the U.S. Small
Business Administration, the Vermont Department of Economic Development,
and the Vermont State Colleges.

Ford Foundation Names Burlington's Vermont Campaign to End Childhood
Hunger 2004 Leadership for a Changing World Award Recipient
18 Recognized
for Outstanding Leadership in U.S. Communities Program challenges
conventional ideas about leadership

VERMONT ARTS COUNCIL CELEBRATES 40 YEARS OF SUPPORTING
THE "CREATIVE ECONOMY"

Bruegger's Selects Green
Mountain Coffee Roasters as National Supplier
BURLINGTON, VT. & WATERBURY, VT.--(BUSINESS WIRE)--Oct. 4, 2004
"Great Coffee Makes a World of Difference(TM)" - Bruegger's to
celebrate National Fair Trade Month with free coffee day Oct. 29th.
After extensive market testing in a "battle of the beans,"
Bruegger's has selected Green Mountain Coffee Roasters, Inc. (NASDAQ:
GMCR) as its supplier of specialty coffee nationwide. Bruegger's will
introduce Green Mountain Coffee Roasters(R) branded coffee into its 242
bakeries by the end of October, 2004.

Three coffee roasters competed for Bruegger's business, but Green
Mountain Coffee Roasters won the account based on the strength of its
brand, consumer preference and its unique Fair Trade position.

Computer Sales Tax Holiday
October 9-11
Montpelier, Vt.-Governor Jim Douglas is urging Vermonters to take
advantage of this year's second computer sales tax holiday being held
Saturday, October 9 through Monday, October 11.
The tax holiday is the third of its kind in Vermont. The first, championed
by Douglas in 2002, was approved by the Legislature for early August of
2003, another was held in August of this year, just before students
returned to school.
"Our first computer sales tax holiday was such a success I urged the
Legislature to approve additional opportunities," Governor Douglas said.
Under the guidelines issued by the Vermont Department of Taxes, personal
computers costing up to $4,000 are tax-exempt when purchased by an
individual.
The Governor believes personal computers encourage Vermonters-young and
old-to take advantage of technology, advance their skills and improve

KeyBank and VBM honor fastest growing companies

GREEN MOUNTAIN POWER SENDS CREWS
TO HELP RESTORE POWER IN FLORIDA
COLCHESTER, VT... Green Mountain Power is sending crews to Florida to help
restore power to the areas devastated by the multiple hurricanes.
"The situation in Florida is obviously quite desperate. We know
how complex and exhausting it is to coordinate and repair service
after a major event, and how important it is to have outside crews
available to speed up restoration. Our crews are eager to help
their fellow workers in Florida tackle the monumental task of
repairing extensive damage to the electrical system," said Mary
Powell, chief operating officer of Green Mountain Power.
Early this morning, ten lineworkers, one mechanic and one
supervisor headed for the Daytona International Speedway, which is

Montpelier, VT - Cambium Group, LLC, a leading web site development firm specializing in innovative web site designs and content management systems announced the launch of a new web site today for Local Government Federal Credit Union (LGFCU), headquartered in Raleigh, North Carolina. The web site, www.lgfcu.org is the end result of an enormous team effort between the credit union and Cambium Group.
The main objective for the completely renovated site is to provide more information on LGFCU products and services in a more user-friendly manner for their self-service oriented members. Cambium Group and LGFCU worked closely over several months to develop a web site that not only provides extensive information on LGFCU, but also highlights LGFCUs members.

CVEDC AWARDS PRESENTED AT 27TH ANNUAL MEETING
Onion River Sports, a Montpelier and internet based company was recently awarded the Central Vermont Economic Development Corporations Small Business of the Year Award. Business owner Andrew Brewer accepted the award from former CVEDC President, Francis Topper McFaun. McFaun praised the company for their growth and community involvement. Past recipients of the award include L&D Safety Markings, Capitol Plaza Hotel & Conference Center, Granite Industries of VT, Connor Contracting, Small Dog Electronics, and Morse Farm Maple Sugarworks.

Local business executive honors his alma mater with another major gift
Richard Tarrant, chairman of IDX, makes $1 million gift to Saint Michael's
College
A legend in the Vermont business world, Richard Tarrant has led his
medical software firm IDX Corporation to heights of success, and all the
while he has given back to the local community, including to his alma
mater Saint Michael's College. He announced recently his plan to give a
gift of $1 million to the college to fund student scholarships.
The liberal arts residential Catholic college located in Colchester, two
miles from Burlington, lured Tarrant to Vermont to play basketball and
attend college in the 1960s. And he has been an active civic leader and
businessman in the area ever since, leading IDX to become a major
worldwide publicly traded company with some 2,100 employees and reported
revenues of $399 million in 2003.

MVP Health Care first Vermont insurer to offer physicians financial
incentives for meeting quality of care goals
(Williston, VT) -- MVP Health Care announced today that it is the first
health insurer in Vermont to establish a "Pay for Performance" program
that offers physicians a financial incentive for meeting a set of
pre-determined quality of care measures.

Windsor, VT Seldon Laboratories, LLC, has announced that it had been selected by the National Aeronautics and Space Administration to receive a Phase II contract award under the agencys Small Business Innovation Research (SBIR) program. Funding for these research projects may be up to $600,000 for a two-year performance period. Contract negotiations are now underway.
Seldon has developed a fused carbon nanotube material that purifies water without heat, chemicals, electricity, contact time, or significant pressure. In Phase I of its work with NASA, Seldon demonstrated that its technology could reliably clean large quantities of contaminated water. In the Phase II project, Seldon will develop a prototype purification unit suitable for use in spacecraft.
According to NASA, 297 Phase II proposals were submitted this year and just 125 were selected. Seldon is the only Vermont-based company to receive a 2004 Phase II contract.