-A A +A


VSP finds alleged operator in hit-and-run in Dummerston

Thu, 10/17/2019 - 5:34pm -- tim

Vermont State Police State Police in Westminster have identified a Landmark College student as the operator involved in a hit and run crash that occurred on Route 5 in Dummerston on 10-12-19.  The operator involved was identified as Jakob Morrissey, age 21, of Philadelphia, PA.  Morrissey was arrested on the charge of Leaving the Scene of an Accident.  He was cited and released to the custody of his mother.  He is scheduled to appear in court on 12-3-19 at Windham County Superior Court, Criminal Division in Brattleboro. 

GMP crews restore power to more than 25,000 customers

Thu, 10/17/2019 - 4:58pm -- tim

Vermont Business Magazine Green Mountain Power (GMP) crews made significant progress restoring power after a Nor’Easter socked the region Wednesday night packing strong winds that did more damage than forecasted. GMP crews and 30 external crews have been working non-stop to get the lights back on, restoring power to more than 25,000 customers. About 4,800 customers are still without power while new outages continue to be reported from the storm, mostly in southwestern Vermont. Crews are working around the clock, and expect the majority of customers will be back on by Friday afternoon. Isolated damage in some of the worst hit areas could take into the weekend. Throughout the Northeast region, more than 600,000 were without power because of the storm earlier Wednesday.

Vermont to get $1.37 million from Johnson & Johnson over violation

Thu, 10/17/2019 - 2:11pm -- tim

Vermont Business Magazine Johnson & Johnson and its subsidiary Ethicon, Inc will pay Vermont $1.37 million for misrepresenting the safety and effectiveness of transvaginal surgical mesh devices and failing to sufficiently disclose risk associated with their use. Following a multistate investigation, Johnson & Johnson and Ethicon agreed to pay 41 states, including Vermont, and the District of Columbia a total of $116.86 million for their deceptive marketing of transvaginal surgical mesh devices.

VEDA approved over $25 million in financing last quarter

Thu, 10/17/2019 - 10:14am -- tim

Vermont Business Magazine The Vermont Economic Development Authority (VEDA) approved over $25 million in loans for Vermont enterprises between July 1 and September 30, 2019. That total exceeds the previous quarter's approval volume by $10 million.  The financing was approved to help small businesses, farmers and other borrowers expand their operations, build solar energy arrays, conserve and clean-up land, revitalize a city block in downtown St. Albans, and create new job opportunities across the state. Financing included: Congress & Main in St Albans; Ski Magic in Londonderry; Black Flannel Distilling in Essex Jct; Green Lantern Development in Waterbury; 16 farm operations; and affiliate state loan programs, including the Drinking Water State Revolving Loan Fund and Clean Water State Revolving Fund.

Union Bankshares reports 19.2% increase in 3Q 2019 EPS

Thu, 10/17/2019 - 9:58am -- tim

Vermont Business Magazine Union Bankshares, Inc (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2019.  Net income for the three months ended September 30, 2019 was $2.7 million, an increase of 18.5% over the third quarter of 2018, and earnings per share was $0.62, and increase of 19.2% over the same period in 2018. The Company's return on average assets was 1.34% and return on average equity was 15.79% for the third quarter of 2019. The Board of Directors also declared a cash dividend of $0.31 per share payable November 7, 2019 to shareholders of record as of October 28, 2019.

VSECU's member-directed giving program, We Care 2, doubles donations

Thu, 10/17/2019 - 9:51am -- tim

Vermont Business Magazine VSECU is announcing the annual launch of We Care 2, a member-directed giving program through which donations are distributed to Vermont nonprofit organizations. Because of the program’s significant impact on communities around Vermont, the credit union is increasing the amount that will be directed by members from $23,000 to $50,000. Now through November 29, VSECU is accepting applications from Vermont-based nonprofit organizations that make a positive and direct impact on issues of food, shelter, heat, financial education, or the environment.

Some in Vermont lose power as Nor’Easter hits region

Thu, 10/17/2019 - 9:48am -- tim

Vermont Business Magazine Green Mountain Power (GMP) crews worked quickly and safely overnight to restore power to more than 12,700 customers after a Nor’Easter slammed the region. So far, the storm caused more damage than forecasted, with outages reaching into the hundreds of thousands in New York, Massachusetts and Maine. GMP’s field operations team closely monitors multiple forecasts days in advance to respond safely and effectively for customers, and crews were prepared for the forecast. About 9,200 GMP customers were still without power Thursday morning, and more outages are expected as the storm’s strong winds continue today.

Vanguard Renewables selects Kinsley to power Vermont farm system

Thu, 10/17/2019 - 6:55am -- tim

Vermont Business Magazine Massachusetts-based Vanguard Renewables has selected Connecticut's Kinsley Energy Systems to supply high-efficiency combined heat and power (CHP) for a groundbreaking renewable energy project in Vermont. Kinsley will provide an 800 kW TEDOM CHP system to power a new renewable natural gas (RNG) production facility located on Goodrich Farm in Salisbury, Vermont. The system, owned and operated by Vanguard, produces bio-methane from the anaerobic digestion of dairy manure and food waste, which is cleaned and concentrated into pipeline-quality RNG for distribution through the utility pipeline to Middlebury College. The high-purity RNG produced from waste will ultimately provide 50 percent of the heating and cooling for the college in support of its plan to use 100 percent renewable energy by 2028.

'REV It Up' honors renewable energy leaders

Thu, 10/17/2019 - 3:24am -- tim

Vermont Business Magazine Renewable Energy Vermont’s 19th annual Conference and Exposition, REV2019, themed REV It Up: Empowering Energy Transformation, convened last week hundreds of business, political and non-profit leaders for two days of collective re-envisioning of New England’s energy needs. The conference also provided an opportunity to recognize the contributions of individuals who have devoted their lives to addressing the climate crisis by advancing renewable energy in Vermont.

Audubon: Two-thirds of North American birds at risk of extinction from climate change

Thu, 10/17/2019 - 2:06am -- tim

Vermont Business Magazine The National Audubon Society and its state office, Audubon Vermont in Huntington, has announced a groundbreaking climate report, Survival by Degrees: 389 Bird Species on the Brink. “Last month, we watched as young people around the globe, and right here in Vermont, rose in protest to demand stronger action to address the climate crisis -- Audubon’s new climate report supports the urgency of our youth’s call to action,” said David Mears, executive director of Audubon Vermont. “As dire as this moment may seem, I find hope in both of these events: we need our youth to inspire and lead as we respond to the unprecedented challenge of global climate disruption; and we need a strong foundation of science to guide our actions.”

Dartmouth seeks options for $150 million Green Energy Project

Thu, 10/17/2019 - 12:32am -- tim

Dartmouth/​Susan J Boutwell Dartmouth College is widening its analysis of energy-generation options to heat its campus as the institution continues to move forward with the Dartmouth Green Energy Project, which is aimed at improving energy resiliency, sustainability, and efficiency. Emerging climate science research in the last year calls for rapid change in energy systems. The time frame to significantly reduce greenhouse gas and carbon emissions has shifted from a decades-long window to a much shorter and more urgent one, requiring major reductions worldwide in emissions in the next two to 10 years.

Burton Snowboards gets B Corp certification

Wed, 10/16/2019 - 4:33pm -- tim

Vermont Business Magazine Burton, the world’s leading snowboard company, today announced that it’s becoming a Certified B Corporation. As a sustainability leader within the outdoor and winter sports industries, Burton has become the first snowboard company to receive this certification, which reinforces the brand’s commitment to doing business as a force for good. Widely recognized as the gold standard for responsible business, B Corps are committed to practicing the highest social and environmental standards.