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Vermont Farmstead Cheese Company Closes on $2.5 Million Financing Round

Mon, 09/19/2011 - 9:33am --

Vermont Farmstead Cheese Company announced today that it has closed on its $2.5 million Series A Preferred Stock financing round, bringing total funds raised to date to $3.1 million.  Proceeds from the financing have been used to retire a mortgage on the Company’s property in South Woodstock, Vermont and improve and expand its operations.  Although the Company has only been producing cheese since January 2011, Vermont Farmstead Cheese Company products are now sold in 168 stores in six states and have earned 11 awards in four separate national cheese competitions since June 2011. 

Milne Travel American Express merges Plymouth Travel into its chain of travel stores

Mon, 09/19/2011 - 5:14am -- intern

Rick and Wanda Bogin, proprietors of Plymouth Travel in New Hampshire, and Scott Milne, President of Milne Travel American Express, today announced that Plymouth is merging its retail travel business into Milne Travel’s family of agencies. Rick and Wanda Bogin will continue to operate their very successful group, school, and choir tour business, independent of the Milne merger.

Vermont Posts “Open for Business” Road Map

Mon, 09/19/2011 - 4:46am -- intern

As more roads and bridges are reopened across Vermont, an integrated, online map showing road status, attractions, resorts, and the state’s information center locations has been prepared by the Vermont Department of Tourism and Marketing in collaboration with partner organizations, Vermont Agency of Transportation (AOT), Ski Vermont, the Vermont Attractions Association, and the Vermont Information Centers Division.

SBA opens Business Recovery Center in Springfield

Mon, 09/19/2011 - 4:26am -- tim

The US Small Business Administration (SBA) has opened a Business Recovery Center in Springfield, Vermont.  Businesses affected by Tropical Storm Irene between Aug. 27 and Sept. 2, should come to the Center to apply for disaster assistance.  
The Center opened Wednesday, Sept. 21 at the Office of the Springfield Development Corporation, 14 Clinton Street, Springfield, VT 05156. The operating hours are from 8 a.m. until 6 p.m., Monday through Friday; Saturdays, from 9 a.m. to 1 p.m. closed on Sundays, until further notice.   

California law firm files class action suit over CVPS sale

Fri, 09/16/2011 - 11:17am -- tim

Robbins Geller Rudman & Dowd LLP has announced that a class action has been commenced in the United States District Court for the District of Vermont on behalf of a proposed class of Central Vermont Public Service Corp CV +0.21% shareholders who held CVPS shares during the period beginning May 30, 2011 through and including the closing of the proposed acquisition of CVPS by Gaz Metro Limited Partnership ("Gaz Metro").

FEMA approves Individual Assistance for three more counties

Fri, 09/16/2011 - 9:54am -- tim

Governor  Peter Shumlin today announced that FEMA approved an Individual Assistance Declaration for Franklin, Lamoille and Orleans Counties, enabling homeowners and business owners to apply for federal financial assistance for everything from rebuilding costs to temporary housing expenses. 
‘I appreciate the Obama administration moving so quickly to approve this request,’ the Governor said. ‘This assistance will help Vermonters who have suffered damage or the loss of their homes and businesses get back on their feet.’ 

State energy plan signals Vermont is open for business

Fri, 09/16/2011 - 9:51am -- tim

Renewable Energy Vermont (REV) hailed this week's release of the draft Vermont Comprehensive Energy Plan (CEP). With a call for 90 percent renewable energy by 2050, the draft plan sends a clear signal that the Green Mountain state is taking bold steps to open its doors for robust economic development and job creation by deploying 21st century energy infrastructure.  

Opinion: Time for Vermonters to unite

Fri, 09/16/2011 - 9:36am -- tim

By Bruce Lisman. I was disappointed to read the editorial ‘Ethan Allen’s Legacy,’ on September 10 in both the Times Argus and Rutland Herald, which continues a harmful trend of divisiveness over politics and our economy. The editorial revived old liberal versus conservative arguments and then for good measure threw Wal-Mart under the bus as an example of a corporation weighing on small businesses while ignoring that some people prefer to shop there.

VBM, KeyBank celebrate Vermont's fastest growing companies

Fri, 09/16/2011 - 8:42am -- tim

Vermont Business Magazine and KeyBank celebrated  the achievements of the five fastest growing businesses in five categories over the last five years in Vermont at a ceremony Thursday night at the DoubleTree in South Burlington. 
The 25 extraordinary companies are listed below. AllEarth Renewables had the distinction of being the fastest overall company with 5,250 percent growth over five years.