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Lawmakers consider $75 million more in recovery grants for businesses

Fri, 11/13/2020 - 5:36pm -- tim

by Timothy McQuiston, Vermont Business Magazine The Joint Fiscal Committee could vote as early as tomorrow to allocate $75 million in Coronavirus Relief Funds to help businesses get through the pandemic. These funds would go to the Expanded Emergency Economic Recovery Grant Program, which piggybacks on top of a $76 million allocation in October. Most of the money would go to the hospitality sector, which has been hard hit by the pandemic. Just today, because of record COVID-19 cases in the state, Governor Scott announced that bars must shut down starting at 10 pm Saturday.

Southwestern Vermont Medical Center further restricts visitors

Fri, 11/13/2020 - 5:32pm -- tim

Vermont Business Magazine In response to a sustained surge in cases of COVID-19 throughout New England and to mitigate the spread of the virus, Southwestern Vermont Medical Center (SVMC), part of Southwestern Vermont Health Care (SVHC), will discontinue in-person visits for hospital patients starting 7 p.m. Monday, November 16.

SVHC makes $3.2 million offer for Southern Vermont College property

Fri, 11/13/2020 - 4:19pm -- tim

Vermont Business Magazine Southwestern Vermont Health Care (SVHC) has submitted an offer to the bankruptcy trustee overseeing liquidation of assets of the former Southern Vermont College. The signed offer is for $3.2 million and includes the real estate property and facilities of the main campus. The leadership of the health system, through the direction of its Board of Directors, is committed to developing a long-range plan to maximize the use of this valuable community asset as well as how the property could enhance community and health-related services for the southern Vermont region.

Vermont Law School's Dean Thomas McHenry to step down

Fri, 11/13/2020 - 2:52pm -- tim

Vermont Business Magazine Today, the Board of Trustees of Vermont Law School and its President and Dean Thomas McHenry jointly announced his decision not to seek renewal for another term and that he will step down at the end of the current academic year in June 2021. Since his appointment in July 2017, McHenry has directed and overseen a variety of measures that have made Vermont Law School financially stronger and enhanced its educational programs. At the Board’s instruction, McHenry has achieved budget surpluses while increasing employee benefits and maintaining the nationally recognized environmental program.

Scott closes bars, forbids non-family gatherings, Rec sports suspended

Fri, 11/13/2020 - 12:30pm -- tim

by Timothy McQuiston, Vermont Business Magazine Governor Phil Scott today at his regular press briefing extended his State of Emergency another month and issued new restrictions, which include closing bars entirely as of Saturday night, limiting restaurant hours to 10 pm, forbidding social gatherings to single households (no multi-family gatherings) and suspending recreational sports. These types of social gatherings, which recently included Halloween parties, are now blamed for the highest case counts in Vermont over the course of the entire pandemic.

PSD expands Arrearage Assistance to more water and sewer utilities

Fri, 11/13/2020 - 11:22am -- tim

Vermont Business Magazine The Vermont Department of Public Service announced Thursday that effective November 12, the VT COVID-19 Arrearage Assistance Program (VCAAP) is now providing assistance with past-due bills from an expanded list of water and wastewater (sewer) utilities. In addition to helping out with past-due electric, landline telephone, private water company, and Vermont Gas bills, consumers can now also apply to VCAAP for assistance with their delinquent water and sewer/wastewater charges.

Sunworks terminates merger agreement with The Peck Company

Fri, 11/13/2020 - 10:16am -- tim

Vermont Business Magazine The Peck Company Holdings, Inc (NASDAQ: PECK), a leading commercial solar engineering, procurement and construction (EPC) company was informed Thursday by Sunworks, Inc (NASDAQ: SUNW), a provider of solar power solutions for agriculture, commercial and industrial, public works and residential markets, that the Merger Agreement previously announced on August 10, 2020, was terminated by Sunworks due to its inability to obtain stockholder approval.

Peck reports third quarter 2020 results

Fri, 11/13/2020 - 10:16am -- tim

Vermont Business Magazine The Peck Company Holdings, Inc (NASDAQ: PECK), a leading commercial solar engineering, procurement and construction (EPC) company, on Thursday announced the company’s financial results for the third quarter ended September 30, 2020. See accompanying story announcing that Peck's merger with Sunworks has been terminated, which was announced later Thursday, after this quarterly report was released. The Merger Agreement previously announced on August 10, 2020, was terminated by Sunworks due to its inability to obtain stockholder approval.

Vermonters saving less than in most other states

Fri, 11/13/2020 - 3:35am -- tim

Vermont Business Magazine New Yorkers are putting away 14.5% of their income towards savings goals or investment accounts, making them the most savings-conscious Americans according to a new survey commissioned by Slickdeals, a leading social platform for shopping. Vermonters meanwhile not only put away among the least by percentage (6.5%), they're also pretty low in total amount ($13,573).

Champlain Housing Trust buys motel for COVID isolation and quarantine

Thu, 11/12/2020 - 5:52pm -- tim

Vermont Business Magazine The Champlain Housing Trust announced today that it purchased the Ho Hum Motel on Williston Road in South Burlington to serve as an isolation and quarantine motel to help address and prevent the spread of Covid-19 in Vermont. The purchase and some minor renovations was made possible by a grant from the Vermont Housing & Conservation Board using federal CARES Act funding appropriated by the State Legislature.

VDH COVID-19 Update: 181 cases in two days

Thu, 11/12/2020 - 5:38pm -- tim

Vermont Business Magazine The Health Department reported 72 cases of COVID-19 on Wednesday and 109 cases today ─ the highest number reported since the start of the pandemic. Flu season in Vermont will soon start to hit its stride. And it’s especially important for everyone to get their flu shot this year, and soon – when flu viruses and the new coronavirus may be spreading at the same time. We encourage everyone older than 6 months old (with rare exceptions) — and especially people in a high-risk group or who have underlying health conditions — to get their flu vaccine.

People who attended certain Halloween parties and bowling leagues should get tested

Thu, 11/12/2020 - 3:54pm -- tim

Vermont Business Magazine The Vermont Department of Health is urging anyone who participated in certain events in northern and central Vermont to get tested for COVID-19. Health officials said contact tracers have been unsuccessful at getting all the information they need about people who attended two Halloween parties on October 31, one in Marshfield and the other in Milton. People who attended those parties should be tested for COVID-19. In addition, members of the bowling leagues that played at Spare Time in Colchester on November 4 and 5 should be tested.

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