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VDH COVID-19 Update: Three more cases, another death for 55

Thu, 05/28/2020 - 5:47pm -- tim

Vermont Business Magazine The Vermont Department of Health today reported that there were three more cases of COVID-19 for 971 total and one more death from the novel coronavirus for a statewide total of 55. This is only the second death from the virus in three weeks. There currently is no one hospitalized for COVID-19. VDH says that if Vermonters continue to follow good hygiene practices, wear facial coverings, and keep up physical distancing — and the state continues its strong testing and contact tracing capabilities — the outlook is good to control the spread of the virus.

Boston Celtics and VistaPrint fed 50+ Vermont childcare workers today

Thu, 05/28/2020 - 5:20pm -- tim

Vermont Business Magazine Today, May 28th, The Boston Celtics, on behalf of the Boston Celtics Shamrock Foundation, and Vistaprint worked with Healthy Living Market & Cafe of South Burlington, VT, whose co-owner Eli Lesser-Goldsmith is a Celtics season-ticket holder, to provide meals to over 50 daycare workers in Vermont as part of the ‘Food for Heroes’ campaign.

Weekly unemployment claims keep falling, down to 1,552

Thu, 05/28/2020 - 4:56pm -- tim

by Timothy McQuiston, Vermont Business Magazine As Governor Scott continues to open up the economy, the weekly unemployment insurance claims have continued to subside. Initial and ongoing claims have now decreased every week since the peak in early April. The weekly claims report indicates that for the week ending May 23, 2020, the Department processed 1,552 Initial Claims, down 647 from the previous week but 1,122 more than the same time last year. Total new and continuing claims are 51,837, a decrease of 5,465 from the previous week and 48,204 more than the same time last year.

AG withdraws motion for preliminary injunction against Rutland gym

Thu, 05/28/2020 - 4:07pm -- tim

Vermont Business Magazine The Attorney General’s Office (AGO) today notified the Rutland Superior Court that it is withdrawing its motion for preliminary injunction, filed on May 15, 2020, against Rutland gym Club Fitness of Vermont and its owner, Sean Manovill. In addition, the AGO and Defendants, Club Fitness of Vermont and Manovill, jointly requested that the Court convert the hearing on the motion scheduled for May 29, 2020, into a status conference. The State’s underlying Complaint remains.

DFR approves plan to provide nearly $3 million in dental insurance premium relief

Thu, 05/28/2020 - 2:00pm -- tim

Vermont Business Magazine Governor Phil Scott and Department of Financial Regulation (DFR) Commissioner Michael Pieciak today announced the approval of a premium relief plan submitted by Northeast Delta Dental, Vermont’s largest provider of dental benefits. In total, $2.89 million in premium relief will be provided to approximately 70,000 Vermonters after the suspension of most dental services due to COVID-19.

Lake Champlain Chamber names Cathy Davis president, Tom Torti remains CEO

Thu, 05/28/2020 - 1:53pm -- tim

Vermont Business Magazine The Board of the Lake Champlain Chamber announced today the transition of executive leadership to Executive VP Cathy Davis from Tom Torti, effective November 5th, 2020. Torti will step down as President of the Chamber and retain his position as Chief Executive Officer while Davis will become President and assume leadership and direction of all chamber activities. Torti will focus on strengthening the Chamber’s 501(c)(3) foundation, which supports and promotes leadership, talent and economic development in the region.

Marlboro College to sell campus to Democracy Builders

Thu, 05/28/2020 - 1:02pm -- tim

Vermont Business Magazine Marlboro College and Democracy Builders today announced a signed contract for sale of the 500-acre college campus in Marlboro, Vermont in anticipation of the completion of Marlboro College’s alliance with Emerson College. Democracy Builders will use the campus for an innovative new model of higher education that will dramatically reduce costs and improve outcomes for low-income and first generation students in particular. Upon state Attorney General and Agency of Education approval, Democracy Builders’ Degrees of Freedom program will offer a hybrid degree that will bring cohorts of students to the campus for multiple residencies each year and continue the tradition of higher education on Potash Hill.

Mother Nature to soon unleash another May cold snap in Northeast

Thu, 05/28/2020 - 1:00pm -- tim

AccuWeather After Burlington and other nearby regions set record temperatures this week, May will finish on a much cooler note following the recent stifling heat that enveloped the Northeast. Millions across the northeastern United States will experience another round of weather whiplash this week as a sharp surge of cool air will wipe away the unseasonable heat that was ushered into the region over Memorial Day weekend.

GMP boosts rebates on energy savers, adding solar sharing in June

Thu, 05/28/2020 - 12:37pm -- tim

Vermont Business Magazine Green Mountain Power (GMP) launched a new package of incentives and programs called Go, Save & Share Green with GMP to help customers save money and help small businesses get back on their feet following the COVID-19 economic shutdown. GMP is increasing rebates on heat pumps, heat pump water heaters, electric mowers and electric bikes now through the end of August, and will launch a solar credit sharing program in June, as well as a new way for customers to reduce energy use that also raises money for the Vermont Food Bank.

Small business gets more than $2.5 billion in relief from People’s United under PPP

Thu, 05/28/2020 - 12:21pm -- tim

Vermont Business Magazine People's United Bank, NA, with branches across Vermont, today announced that is has registered and obtained approval for more than 16,000 Paycheck Protection Program (PPP) loans through the U.S. Small Business Administration (SBA), delivering more than $2.5 billion to business customers. These loans supported the paychecks of more than 250,000 employees across the Northeast.