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Thomas Witschi, former CEO at EatingWell, to lead Mamava

Tue, 06/28/2022 - 9:59am -- tim

​Vermont Business Magazine Sascha Mayer, co-founder of Mamava, announced today that Thomas Witschi has been retained as her successor and will oversee and lead the company moving forward. Mayer will stay on in the capacity of Chief Brand Officer and Chairperson of the Board, working with Witschi on strategic initiatives and direction of the brand. Witschi’s appointment comes at a time of rapid growth for Mamava, which acquired its manufacturing facility—Mamava Manufacturing in Springfield, Vermont—last fall. The company is expected to more than double its revenue this year ($10.1 million in 2021). 

$96 million Burlington budget passes City Council, rebuilds Police Department

Tue, 06/28/2022 - 9:59am -- tim

​Vermont Business Magazine At its meeting Monday tonight, the Burlington City Council voted to approve Mayor Miro Weinberger’s Fiscal Year 2023 $96 million budget in a unanimous vote. The mayor's office described this as continuing the administration’s strong record of carefully stewarding taxpayer resources while making substantial new investments in public safety, progress toward Net Zero, and in critical public infrastructure. Burlingtonians can expect maintained public services and an overall property tax decrease due to a reduction in the statewide property tax rate.

Tractor trailer stuck in Smugglers' Notch

Tue, 06/28/2022 - 9:49am -- tim

Vermont State Police On June 27, 2022 at approximately 2308 hours, Troopers from the Williston Barracks responded to the area of VT Route 108 in the Town of Cambridge for a report of a tractor-trailer stuck in Smugglers' Notch. Upon arriving on scene, Troopers located the tractor trailer stuck in the sharp curve located near the top of Smuggler's Notch. The operator of the vehicle was identified as Edzer Cosmeus (37) of North Lauderdale, FL. Cosmeus stated he observed the several warning signs prohibiting tractor trailers from travelling through the notch but continued to follow his GPS. Cosmeus was issued Vermont Civil Violation Complaints pursuant to Title 23 VSA 1006 (Commercial Vehicles Prohibited on Smugglers' Notch-Impeding Traffic) totaling $3544 in fines and four points.

Burton’s 'Design Your Pride' call to artists open until July 1

Tue, 06/28/2022 - 9:06am -- tim

Vermont Business Magazine Burton Snowboards is partnering with The Venture Out Project to celebrate the LGBTQ+ community this month, and beyond. Burton’s “Design Your Pride” initiative will call on LGBTQ+ artists from across the globe to submit a piece of their work (any medium) for the snowboarding brand’s first-ever Pride Collection that will launch in 2023. Burton has received 46 artist applicants so far from 16 countries. Burton said in a statement: "It’s been great to see the campaign embraced internationally but we are hoping to continue to get the word to as many potential applicants as possible ahead of the close of the submissions on July 1st."

Health insurance is more affordable for Vermonters

Tue, 06/28/2022 - 6:52am -- tim

Vermont Business Magazine Thousands of Vermont households can now sign up for free and low-cost health plans on Vermont’s health insurance marketplace, thanks to an ongoing Special Enrollment Period (SEP) announced today by the Department of Vermont Health Access. While most SEPs are time-limited and linked to a particular life event, the new policy allows income-eligible residents to sign up any time of the year. 

Turning Point opens recovery center in Alburgh

Tue, 06/28/2022 - 4:43am -- tim

Vermont Business Magazine Turning Point of Franklin County is pleased to announce its new satellite office in Alburgh, offering peer recovery coaching and support groups for both individuals and families seeking assistance to reduce harm or seeking recovery from substance use disorder. In 2021, a record-high 210 Vermonters died from opioid overdoses. Substance use disorder and its impacts on our families, friends and neighbors have been compounded by the stress, uncertainty and isolation so many have endured throughout the COVID-19 pandemic.

SVMC celebrates accredited nursing residency graduates

Tue, 06/28/2022 - 2:09am -- tim

Vermont Business Magazine Southwestern Vermont Medical Center (SVMC), part of Southwestern Vermont Health Care (SVHC), graduated eight nurses from its Transition-to-Practice Nurse Residency Program. The program is the first program in the state and one of only 208 in the United States to have received accreditation from the American Nurses Credentialing Center’s Practice Transition Accreditation Program for nurses working in the medical-surgical, women’s and children’s, and emergency departments. Accreditation for the intensive care unit is expected to be obtained later this year. Current students in the program joined the graduates in celebrating their completion.

State drops charges against Alex Choi, fourth man in EB-5 fraud case

Mon, 06/27/2022 - 3:40pm -- tim

by Mike Donoghue, Correspondent, Vermont Business Magazine The United States Attorney's Office in Vermont has decided to drop 10 felony charges against the fourth defendant in the EB-5 criminal fraud case in the Northeast Kingdom. Jong Weon Choi, also known as Alex Choi of South Korea, has remained on the run since he was indicted in Vermont with three American business colleagues in May 2019. Newport businessman Bill Stenger, the former president of Jay Peak resort, has begun an 18-month federal prison sentence in Devens, MA. The mastermind of the EB-fraud scheme in Vermont, former Miami businessman Ariel Quiros, and the former owner of Jay Peak has been sentenced to five years in prison. William Kelly, a Quiros business partner, has been sentenced to 18 months in prison. 

PC Construction to begin next phase of development at Spruce Peak in Stowe

Mon, 06/27/2022 - 3:12pm -- tim

Vermont Business Magazine PC Construction announced that it has been selected by Spruce Peak Realty to complete the next phase of development at Spruce Peak in Stowe, Vermont. This latest round of work, which includes construction of a new luxury condominium building and a parking garage, builds on the success of prior PC-built projects at the resort, including the One Spruce Peak residential building, the Spruce Peak Village Center, and the Spruce Peak Performing Arts Center, among others.  

VHFA will get $4 million award from US Treasury

Mon, 06/27/2022 - 9:13am -- tim

Vermont Business Magazine Representative Peter Welch will join Vermont Housing Finance Agency (VHFA) in South Burlington next week as it announces that it has received a $4 million award from the federal government that will support the development of over 300 affordable apartments across Vermont. The source is the Capital Magnet Fund, a program of the U.S. Treasury intended to create and preserve affordable housing for low-income families and revitalize distressed communities by attracting private capital. This year the program awarded $336.4 million in funding to nonprofits and financial institutions. VHFA is one of only 59 organizations nationwide to receive an award this cycle.

Mike Del Trecco steps in as interim president and CEO of VAHHS

Mon, 06/27/2022 - 8:55am -- tim

by Mike Del Trecco, Interim President and Chief Executive Officer VAHHS My name is Mike Del Trecco and I recently stepped in as interim president and CEO of VAHHS. Many of you who are regular readers of VAHHS Update and followers of hospitals in Vermont know me from my nearly 18 years at VAHHS leading efforts to support our hospitals. On the personal side, I live in Essex with my wife Donna, a nurse, and our two kids, Jeffrey and Jillian. I enjoy all that Vermont has to offer—especially spending time exploring the back woods of the Northeast Kingdom.