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Goddard faculty union to oppose new president and chair with own admissions campaign

Fri, 07/29/2022 - 3:03am -- tim

Vermont Business Magazine Non-traditional educational institutions designed to support creative students of all learning styles and abilities have been under threat, according to the Goddard College faculty union. Students who need degree credentials but who find standard grading systems, enormously high price tag, and bureaucratic requirements that hem in creativity extremely prohibitive have had fewer choices for college that fit their needs in recent years.

Seth Andrew gets a year and a day in jail over prep school fraud

Thu, 07/28/2022 - 6:09pm -- tim

Vermont Business Magazine Damian Williams, the United States Attorney for the Southern District of New York, announced in a press release dated today that Seth Andrew was sentenced to 366 days in prison in connection with his execution of a scheme to defraud Democracy Prep Public Schools, a charter school network that he founded, of more than $218,000.  United States District Judge John P. Cronan imposed today’s sentence. An educational entrepreneur, Andrew was the public face of the nonprofit that purchased the Marlboro College campus in 2020. After more than a year of "messy" negotiations and legal haggling, the campus was acquired last September by the operators of the Marlboro Music Festival.

GlobalFoundries hails passage in Congress of CHIPS bill

Thu, 07/28/2022 - 4:12pm -- tim

Vermont Business Magazine GlobalFoundries (Nasdaq: GFS) (GF) today hailed the US House of Representatives’ passage of legislation to increase US semiconductor manufacturing known as “CHIPS and Science Act." The CHIPS legislation now moves to the White House and awaits President Biden’s signature. The Biden Administration has been a strong supporter of increasing semiconductor manufacturing and the many jobs it creates in the US, an effort that has been led by Secretary of Commerce Gina Raimondo. GF has a major semiconductor plant in Essex Jct, Vermont, which employs about 2,000 people.

Maple Broadband awarded $8.69 million construction grant

Thu, 07/28/2022 - 3:59pm -- tim

Vermont Business Magazine The Vermont Community Broadband Board has awarded Maple Broadband a construction grant of $8.69 million. The award was made on July 15th and will enable Maple Broadband to roll out services exclusively to underserved areas within its designated geographic area. The source of the grant funding is the American Rescue Plan Act (ARPA). Maple Broadband is a Communications Union District (CUD) composed of 20 member towns in Addison County.

VDH: COVID cases fall, July deaths higher than last year

Thu, 07/28/2022 - 3:02pm -- tim

Vermont Business Magazine The Vermont Department of Health reported July 27 that COVID-19 cases and hospitalizations are still considered "Low." Total cases for the week fell by more than 100. Meanwhile, hospitalizations saw a slight increase. The BA.5 variant has become the predominant variant of COVID-19. There were 12 deaths in June attributed to COVID after 32 in May. May saw an increase in fatalities from April and March. June had the fewest COVID fatalities since last July 2021 (2). As of July 25, there have been 9 deaths from COVID in Vermont in July for a pandemic total of 693. The rate of new COVID-19 cases per 100,000 Vermonters is below 200. New COVID-19 admissions are below 10 per 100,000 Vermonters per day, and the percent of staffed hospital beds occupied by COVID-19 is below 10%.

Vermont Homeowner Assistance Program awards $11 million in grants

Thu, 07/28/2022 - 2:38pm -- tim

Vermont Business Magazine Over $11 million of a $50 million program to pay overdue housing costs for homeowners impacted by the pandemic has been disbursed within the first six months of the program. The Vermont Housing Finance Agency (VHFA) launched the Homeowner Assistance Program (HAP) in January 2022 with funding from the federal American Rescue Plan Act. It provides grants of up to $30,000 for income-eligible homeowners.

This Way UP mid-year report identifies more than 2,200 women-owned businesses

Thu, 07/28/2022 - 2:25pm -- tim

Vermont Business Magazine The Vermont Women’s Fund at the Vermont Community Foundation has announced the release of a mid-year report for This Way UP: there’s power in our numbers, the initiative to count and identify women business owners in the state. The goal of This Way UP is to provide missing pieces of Vermont’s economic data, including the size and scope of women-owned businesses and what they need to succeed and grow. To date, the 2,250 businesses that have been identified and counted (70 of whom are business leaders running companies and nonprofits)

Line repairs Friday morning require rolling roadblocks on part of Interstate 89

Thu, 07/28/2022 - 2:10pm -- tim

Vermont Business Magazine Green Mountain Power (GMP) is alerting drivers that needed repairs to a line over Interstate 89 will require rolling roadblocks that could slow traffic to 5 miles per hour on Friday morning.  The roadblocks will take place as crews work between Richmond and Waterbury, and will affect both lanes of travel in both directions during a 30 minute timeframe scheduled to start at 9:00 a.m.

Forbes ranks Community National Bank #1 in Vermont

Thu, 07/28/2022 - 1:58pm -- tim

Vermont Business Magazine Community National Bank CEO and President Kathy Austin is proud to announce Community National Bank was ranked as the number one bank in Vermont according to Forbes’ America’s Best Banks In Each State published June 21, 2022. Forbes teamed up with market research firm Statista to conduct interviews of more than 26,000 U.S. citizens for all 50 states about the financial institutions where they maintain accounts.

Leahy, Murray, Coons introduce $21 billion emergency supplemental to address disease crises

Thu, 07/28/2022 - 11:50am -- tim

Vermont Business Magazine Senate Appropriations Committee Chairman Patrick Leahy (D-Vermont), Senate Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies Chair Patty Murray (D-Wash.), and Senate Appropriations Subcommittee on State, Foreign Operations, and Related Programs Chairman Christopher Coons (D-Del.) Thursday introduced a $21 billion emergency supplemental funding bill to provide the necessary resources to prepare for the next phase of the COVID-19 pandemic and to address other emerging diseases that pose a significant threat to public health. The bill provides $16 billion in emergency funding through the Public Health and Social Services Emergency Fund.

Leahy releases $1.7 trillion fiscal year 2023 Senate appropriations bills

Thu, 07/28/2022 - 11:50am -- tim

Vermont Business Magazine Senate Appropriations Committee Chairman Patrick Leahy (D-Vt.) Thursday released the Chairman’s mark of the 12 senate appropriations bills. The nearly $1.7 trillion fiscal year 2023 appropriations package includes $653 billion in non-defense discretionary spending, a 10.1 percent increase over fiscal year 2022; $850 billion in defense discretionary spending, an 8.7 percent increase over fiscal year 2022 and consistent with the bipartisan National Defense Authorization Act (NDAA) passed by the House; and $118.7 billion for VA medical care, a 22 percent increase over fiscal year 2022. The package also includes $21 billion in emergency supplemental funding to provide the necessary resources to prepare for the next phase of the COVID-19 pandemic and to address other emerging diseases that pose a significant threat to public health.

VSP finds body believed to be of missing person at Green River Reservoir

Thu, 07/28/2022 - 11:49am -- tim

Vermont State Police During search efforts Thursday morning, crews located a body believed to be that of Joshua Hwang in the Green River Reservoir in Hyde Park. The body was recovered and will be brought to the Chief Medical Examiner’s Office in Burlington for an autopsy to determine the cause and manner of death, and to confirm identity.