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Vermont’s Gardener’s Supply names Cindy Turcot CEO

Mon, 01/11/2021 - 12:37pm -- tim

Vermont Business Magazine Gardener’s Supply Company, one of the nation’s largest multi-channel marketers of gardening products and accessories, has announced that Jim Feinson, CEO, has stepped down as of the end of 2020. The current President, Cindy Turcot, will be promoted to President and CEO. Feinson joined Gardener’s Supply Company in February 1988 and became President in 1999 and CEO in 2008. Under his leadership, the company transformed their catalog marketing business to online marketing, increased new product development and expanded to four retail garden centers in Vermont, New Hampshire and Massachusetts.

Norwich receives $1.12 million on two contracts from the US Army Engineer R&D Center

Mon, 01/11/2021 - 12:22pm -- tim

Vermont Business Magazine Norwich University Applied Research Institutes (NUARI) announced today that it has successfully secured two contracts received under the US Army Engineer Research and Development Center (ERDC) Broad Agency Announcement process totaling $1.12 million. Regarding the Arctic Microgrid program, worth $625K, work in this initial effort will identify the necessary requirements to characterize, design, simulate and develop plans to prototype and test the cold regions microgrids. These systems will be built upon an open architecture to allow modular construction and operation in response to location and operational issues. Consideration for remote monitoring and operations and cybersecurity constraints will be integrated into the program with oversight from the ERDC Cold Regions Research & Engineering Laboratory (CRREL).

KeyBank survey reveals how the pandemic is changing financial habits

Mon, 01/11/2021 - 12:19pm -- tim

Vermont Business Magazine The KeyBank 2020 Financial Resiliency Survey, released today, finds that many Americans are now reporting greater financial confidence, increased emergency savings, and more financial awareness, compared to the beginning of the COVID-19 pandemic—an inspiring discovery considering the significant hardships faced by many over the past year. The 2020 Financial Resiliency Survey polled more than 1,200 Americans on their financial feelings after nearly a year of living through a pandemic, finding that 53% felt more financially confident approaching the end of 2020, compared to the beginning of the year; 51% would be able to immediately have $2,000 available in an emergency, up from 42% in 2019; and 48% felt more financially aware.

Four property management firms settle EPA claims of lead paint violations

Mon, 01/11/2021 - 11:08am -- tim

Vermont Business Magazine Four Vermont-based property management entities have settled claims by the U.S. Environmental Protection Agency (EPA) that they violated federal lead paint laws. EPA recently filed a consent agreement and final order both initiating and resolving an enforcement action against Vanderbilt Development Corporation and Manchester Commons Associates, property management companies based in Manchester. Vanderbilt and Manchester Commons agreed to pay a penalty of $13,493.

Tieman: We must remain optimistic

Mon, 01/11/2021 - 10:59am -- tim

by Jeff Tieman, VAHHS President and CEO After living in DC for 15 years, I have many fond memories at the US Capitol. Being in the gallery when the Affordable Care Act passed the House of Representatives. Sitting on a Capitol Hill train with Senator John McCain. Walking the flower-strewn grounds in springtime. Last week, those images gave way to TV footage that was so startling I had trouble believing it was real. I texted a friend who works in the Senate and was glad to find him in his home office.

Specialty crop block grants, but first, what is a specialty crop?

Mon, 01/11/2021 - 6:18am -- tim

Vermont Agency of Agriculture Did you know, most agriculture products that are not animal products or grain, fiber, and oil field crops are considered specialty crops by USDA. The most common specialty crops we see in Vermont are fruits and vegetables; culinary herbs, spices, and medicinal plants; nursery, floriculture, horticulture, and Christmas trees; honey; hops; maple syrup; and mushrooms. You might be asking yourself, why does this definition even matter? 

Weinberger: BTV COVID-19 update and next steps for police accountability

Sun, 01/10/2021 - 4:55pm -- tim

Burlington Mayor Miro Weinberger I recently made the difficult decision to veto the City Council’s proposed Charter Change to establish an independent community control board of the Police Department. I had multiple concerns with the details of this proposal that I discuss more in a memo to the City Council and follow-up statement. Fundamentally, I was concerned both that the proposal as written would further compromise our ability to provide the public safety services that the public expects, and that it was highly likely to fail at later stages of the Charter Change process – which would have resulted in setting back efforts for needed reform by years.

Fatal structure fire in Burlington Saturday

Sun, 01/10/2021 - 1:27pm -- tim

Burlington Fire Department Saturday morning at 0514 hours, the Burlington Emergency Communications Center received several 911 calls reporting a possible structure fire at 199 King Street, a six unit apartment building in the City of Burlington. Preliminary investigation into the fatal structure fire at 199 King Street reveal it to be accidental in nature. It was determined that one of the occupants fell asleep with smoking materials that ignited nearby combustibles. While we are not releasing the victim’s personal information, we can confirm that the victims were a 31 year old male and a 55 year old male.

PPP/FFCRA Informational Webinar

Sun, 01/10/2021 - 11:15am -- tim

Vermont Business Magazine Earlier this week ACCD hosted a webinar for Vermont businesses regarding updates to the Paycheck Protection Program (PPP) and the Families First Coronavirus Response Act (FFCRA). You can now view a recording of the webinar, which included ACCD leadership, the Vermont Department of Labor, the Vermont Bankers Association, and the Small Business Administration (SBA) Vermont District Office talking about updates to the program.

Editorial: Top Stories 2020

Sun, 01/10/2021 - 6:08am -- tim

​by Timothy McQuiston, Vermont Business Magazine For everyone, 2020 is the year of the COVID-19 pandemic. There is usually a defining story every year. But never one like this one. Terms like “unprecedented times” and “star 6 to unmute” have become so familiar they’re even used as punchlines. In fact either of the top two stories this year would qualify as the biggest story in the nearly 50-year history of Vermont Business Magazine.

Peck announces $10.5 million registered direct offering

Sun, 01/10/2021 - 3:01am -- tim
Vermont Business Magazine The Peck Company Holdings, Inc. (Nasdaq: PECK) has announced it has entered into securities purchase agreements with institutional investors for the purchase and sale of 840,000 shares of its common stock at a purchase price of $12.50 per share in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about January 12, 2021, subject to the satisfaction of customary closing conditions.

Mayor Weinberger responds to fatal structure fire on King Street in Burlington

Sat, 01/09/2021 - 8:57pm -- tim

Vermont Business Magazine In response to today’s structure fire at 199 King Street, Mayor Miro Weinberger released the following statement: “Early this morning, Burlington lost two residents in the City’s first fatal fire since June 2012. My heart goes out to the friends and loved ones of the deceased, and the other five households who are now displaced. I walked the burned-out building with Fire Chief Steven Locke soon after it had been stabilized. I commend the Burlington firefighters who responded to this tragedy within minutes of the emergency call."