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Vermont Open Farm Week celebrates 7 years

Thu, 07/29/2021 - 6:33am -- tim

Vermont Business Magazine Vermont Open Farm Week is coming back strong in 2021. This summer, Vermont Open Farm Week  will be held Sunday, Aug. 8 through Sunday, Aug. 15, and features 90 events at over 45 farms across the state. For the seventh consecutive year, farmers across Vermont will open their barn doors and garden gates to welcome the public for a behind-the-scenes look at Vermont’s vibrant working landscapes. Event listings can be sorted by day and location on DigInVT.com.

Aegis Renewable Energy recognized as Top US solar installation company

Thu, 07/29/2021 - 3:03am -- tim

​Vermont Business Magazine The US solar industry is on the upswing, thanks to a pro-renewables presidential administration and increased concern over climate change. Aegis Renewable Energy has had a front-row seat to this action, with business increasing over the last year. Solar Power World has recognized the company's installation success by ranking Aegis Renewable Energy at No. 206 on the 2021 Top Solar Contractors list. Aegis is ranked 74 among solar Engineering, Procurement, and Construction (EPC) firms.

AARP awards $54,500 to six community action Vermont organizations

Wed, 07/28/2021 - 3:10pm -- tim

Vermont Business Magazine Today, AARP Vermont announced that six Vermont organizations will receive more than $54,000 in 2021 Community Challenge grants – part of the largest group of grantees to date with $3.2 million awarded among 244 organizations nationwide. Grantees will implement quick-action projects to promote livable communities by improving housing, transportation, public spaces and encourage civic engagement.

Goodwill invests $50,000 into nonprofits, moving Vermonters toward personal stability

Wed, 07/28/2021 - 2:58pm -- tim

​​Vermont Business Magazine This month Goodwill Northern New England launched a $50,000 program to help move more Vermonters into personal stability. The Partner Stability Fund gives vouchers to nonprofits, who in turn gift them to their clients who need clothing and household items most. Joint Urban Ministry Project (JUMP) and Committee on Temporary Shelter (COTS) were selected to help push this goal forward.  

BioTek's Synergy Neo2 and Synergy H1 boasts expanded temperature control range

Wed, 07/28/2021 - 2:50pm -- tim

Vermont Business Magazine Now with temperature control up to 70°C, BioTek’s Synergy Neo2 Hybrid Multi-Mode Reader and Synergy H1 Hybrid Multi-Mode Reader aid in more assay workflows than ever before. Application flexibility extends to enzyme kinetics, protein stability and aggregation, and projects incorporating loop mediated isothermal amplification (LAMP) assays.

Don George: Premiums reflect the true cost of care

Wed, 07/28/2021 - 1:51pm -- tim

by Don George, President and CEO, Blue Cross & Blue Shield of Vermont The Vermont Department of Financial Regulation (DFR) last week released the results of an intensive examination of the financial impact of the pandemic on Vermont’s health insurance marketplace. [Anchor] The report verifies that for the majority of our insured members, the temporary reduction in medical care in 2020 was offset by emergency health coverage expansions for pharmaceuticals and telehealth, the continued prevailing costs of specialty and maintenance drugs, the cost of COVID-19 testing and treatment, and the return of postponed medical care. Therefore, refunds are not necessary.

NEFCU summer Shred Fest destroys six tons of paper and 430 hard drives

Wed, 07/28/2021 - 5:22am -- tim

Vermont Business Magazine Three times each year, New England Federal Credit Union (NEFCU) conducts its Shred Fest events to help prevent identity theft by destroying documents and hard drives with sensitive personal information. All Shred Fests are free and open to the public. Document destruction services are provided by SecurShred, a local company specializing in secure information management solutions. 

Greg Cebular named president of Mack Prototype

Wed, 07/28/2021 - 4:26am -- tim

Vermont Business Magazine Mack Molding, a leading custom plastics molder and supplier of contract manufacturing services based in Arlington, announced Tuesday that Greg Cebular has been named president of its wholly-owned subsidiary, Mack Prototype. Within this role Cebular will report directly to Mack Molding President Jeff Somple. Cebular succeeds Ric Perry, a rapid prototyping industry veteran who is retiring after more than 25 years with the business.

Dartmouth Engineering to lead $2.7M DOE grant to revolutionize quantum computing

Wed, 07/28/2021 - 3:22am -- tim

Vermont Business Magazine Funded by a new $2.7 million grant from the US Department of Energy (DOE), Dartmouth Engineering Professor Geoffroy Hautier will lead a three-year, multi-institutional effort to identify qbits, a basic unit of quantum information, in order to transform and advance quantum computing. The team aims to build a database of viable qbits, which can store information in their spin, by analyzing defects in solids.

NBT Bancorp Inc 2Q2021 reports net Income of $40.3 million, approves 3.7% dividend increase

Wed, 07/28/2021 - 3:15am -- tim

Vermont Business Magazine NBT Bancorp Inc (NASDAQ: NBTB) reported Monday net income and diluted earnings per share for the three and six months ended June 30, 2021. NBT Bank has branches in Northwest Vermont. Net income for the three months ended June 30, 2021 was $40.3 million, or $0.92 per diluted common share. Net income increased $15.6 million from the second quarter of 2020 primarily due to the estimated impact of the COVID-19 pandemic on expected credit losses in 2020, which resulted in a second quarter 2020 provision for loan losses of $18.8 million. Net income increased $0.5 million from the previous quarter primarily due to lower provision for loan losses and higher noninterest income, partly offset by higher noninterest expense.

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