Current News

Vermont Business Magazine Liquid Measurement Systems, Inc announced that they reached a long-term supply agreement with MD Helicopters, Inc., of Mesa, Arizona. Under this agreement, LMS will be supplying the fuel quantity measurement system for the 500 series helicopters, consisting of lightweight and durable carbon composite fuel probes as well as signal conditioners that calculate fuel quantity and detect high and low fuel levels. This production agreement follows LMS’ successful completion of a contract to design and qualify a new crash-resistant fuel gauging system for new deliveries of the MD 500 series.

Vermont Business Magazine National Life Group is sponsoring National Alliance on Mental Illness (NAMI) Vermont chapter’s annual fundraiser, NAMIWalks Vermont. The event is held on April 29 in Burlington. NAMIWalks Vermont is NAMI Vermont’s biggest fundraising and outreach event of the year. The walk brings together hundreds of individuals who are passionate about stopping the stigma around mental health. Participants will walk down Church Street in Burlington, Vermont to demonstrate their support for all communities, families, and individuals affected by mental illness or mental health challenges.

Vermont Business Magazine Casella Waste Systems, Inc (NASDAQ: CWST), a Rutland-based regional solid waste, recycling and resource management services company, today reported its financial results for the three month period ended March 31, 2023. Highlights include: Revenues were $262.6 million for the quarter, up $28.6 million, or up 12.2%, from the same period in 2022; net income was $3.5 million for the quarter, down $(0.7) million, or down (15.3)%, from the same period in 2022; the Company signed an equity purchase agreement on April 21, 2023 to acquire select operations from GFL Environmental Inc.

by Timothy McQuiston, Vermont Business Magazine The University of Vermont Health Network today held a ribbon cutting to celebrate the opening of its first investment in employee housing in South Burlington. This is the first of two buildings in the CityCenter complex intended to help alleviate both a worker shortage and a tight housing market. The worker shortage is a significant factor contributing to the Network losing millions of dollars. UVMHN CEO Sunny Eappen said the need to fill, especially, nursing positions with staff instead of traveling nurses will decrease expenses and increase morale. Eappen said UVMHN has 2,000 openings and employs 15,000. He said the ratio of openings is consistent with many other hospital groups across the nation.

Vermont Business Magazine Governor Phil Scott and the Agency of Commerce and Community Development (ACCD) today announced five additional awards and another $3.97 million have been committed to remediate brownfields sites across the state. In total $15 million was allocated to fund cleanup projects at brownfields sites that can show transformational economic development and/or housing outcomes. Nearly $11 million has been committed to date.

Vermont Business Magazine Average gasoline prices in Vermont as of Sunday were $3.57 per gallon, up 2 cents per gallon from last week's $3.55/g, according to GasBuddy. They are 20 cents/g higher than a month ago and 57 cents/g lower than a year ago. The lowest price in the state is $3.35/g in Colchester and Middlebury, while the highest was $3.93/g in St Johnsbury. The national average price of gasoline has fallen 7 cents per gallon in the last week, averaging $3.61/g.

Vermont Business Magazine Vermont Parks Forever (VPF), Vermont State Parks, and ECHO, Leahy Center for Lake Champlain teamed up to restore the Groton Nature Center as part of VPF’s Natural Connections program. The admission-free nature center will feature interactive learning opportunities that highlight local geology as well as Groton’s natural and cultural history. The Groton Nature Center is the first to be restored through the Natural Connections program, with all interpretive design and displays funded by Vermont Parks Forever. All are welcome to the grand re-opening event set for June 11th! Reconstruction of the nature center was funded by the Land and Water Conservation Fund.

Vermont Business Magazine Strengthening the connection between people and place, the award-winning projects of the Vermont Art Council’s 2023 Animating Infrastructure program promise to bring vibrancy and vitality to their communities through public art. Grants of up to $15,000 are awarded through the program each year. At least 80% of grant funds must be used to support the artists’ involvement in the design, fabrication or installation of the artwork. The remaining amount can be used to support the other aspects of the project, such as project management and community engagement activities.

Vermont Business Magazine Over the past decade, electricity prices across all states have gone up an average of 2.52% per year, but in 2022 they’re up 7.49%. As energy prices surge globally, electric bills for US homeowners have dramatically increased. This past August, 11 states were shocked by utility bills that were 20% higher than last summer. Vermont's rates were up 3.15%. Meanwhile, Vermont is leading the nation in terms of clean energy use. Almost all (99.8%) of its energy comes from renewable sources. Over half (58%) of its power is hydroelectric, and Vermonters have the smallest energy consumption in the U.S. Vermont has the 10th highest residential electric rate in the US, but the lowest in New England and New York.

Vermont Business Magazine Green Mountain Power (GMP) filed a request to lift the cap on its residential energy storage programs to expand customer access to cost-effective battery backup power, as Vermont experiences an increasing amount of damaging weather due to climate change. Currently, GMP’s Powerwall and Bring Your Own Device (BYOD) battery backup programs are capped at 500 new customers per program, per year. The Powerwall program is full for 2023 and the waitlist for 2024 is also full, with 250 customers on a growing list for slots in 2025. “The increasing pace of damaging storms means we must accelerate all of our work to boost resiliency for Vermonters, and that includes expanding access to home energy storage. These are flagship programs with our customers, and they provide a solution right now that keeps Vermonters powered up even when severe weather hits. Home energy storage provided 10,000 hours of backup power for customers in our programs this winter alone,” said Mari McClure, GMP president and CEO.

Vermont Business Magazine Berkshire Hills Bancorp, Inc (NYSE: BHLB), the parent company of Berkshire Bank with branches in southern Vermont, has announced the release of its 2022 Environmental, Social & Governance (ESG) Report, Purpose & Performance that Matters. The report highlights the totality of the Company's environmental, social and governance activities, its performance as well as its progress on its $5 billion BEST Community Comeback program.