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Truck stuck at Smugglers' Notch closes road for 5 hours

Fri, 06/04/2021 - 8:42am -- tim

Vermont Business Magazine On June 3, 2021 at approximately 2:51 PM Vermont State Police received a report of a tractor-trailer truck stuck on Rt. 108S in Smugglers' Notch. Troopers from the Williston Barracks responded along with Officers from Stowe Police Department. The Notch was shut down on both the Stowe and Cambridge sides and traffic was diverted.

CFES Brilliant Pathways chooses five schools in Vermont for college readiness program

Fri, 06/04/2021 - 4:56am -- tim

Vermont Business Magazine CFES Brilliant Pathways, a college and career-readiness nonprofit based in Essex, NY, has chosen 20 rural schools in northeastern New York and Vermont for its newly launched North Country Brilliant Pathways program. Seventy-two schools applied for the program, which was announced in April. The Vermont schools are: Brighton Elementary School; Enosburg Falls High School; Leland and Gray Union High School; Otter Valley Union High School; Riverside Middle School. The initiative, which has a value of $1.5 million, will provide schools with a multi-faceted, comprehensive college readiness program that will put more of their students on a path to college.

Vermont Flight Academy launches FLIGHT VT summer program for area youth

Fri, 06/04/2021 - 3:37am -- tim

Vermont Business Magazine Vermont Flight Academy (VFA) is working with Burlington International Airport (BTV) neighbor, BETA Technologies (BETA) to launch FLIGHT VT, an initiative that aims to inspire and empower youth by providing them with the opportunity to fly a plane. The program was first launched as a one-day pilot (pun intended) last year and was so successful, VFA is expanding this summer to three days. As many as 100 youth will join VFA and BETA certified flight instructors to fly planes over their hometowns.

Woodchuck Cider parent expands canning line

Thu, 06/03/2021 - 6:33pm -- tim

Vermont Business Magazine Northeast Drinks Group LLC, a privately owned holding company, today announces a new canning line investment which dramatically increases capacity for branded and co-packing volumes at Green Mountain Beverage. A division of Vermont Cider Company, a wholly owned subsidiary of NDG, Green Mountain Beverage is a leading manufacturer and co-packing facility for canned, kegged, or bottled alcoholic and specialty non-alcoholic beverages.

VDH COVID-19 Update: Vaccination pace slows as cases remain low

Thu, 06/03/2021 - 5:03pm -- tim

Vermont Business Magazine As COVID cases continue to fall (the VDH reported eight cases today and again no deaths), the daily report will go to two times a week and the online data will be updated Monday to Friday. The weekend's numbers will be included Monday. This all will begin next week. Meanwhile, the state is approaching Governor Scott's 80 percent vaccination goal, though vaccinations have slowed in recent days. There are still many opportunities to get vaccinated across the state, including at walk-in clinics. For instance, for the governor to discontinue all COVID mandates by Monday, June 7, about 2,000 Vermonters a day would need to be vaccinated. On Wednesday, 482 individuals were vaccinated.

Federal tax credits to help build affordable housing in five towns

Thu, 06/03/2021 - 3:21pm -- tim

Vermont Business Magazine The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced last week that its annual allocation of federal housing tax credits will support the construction of 105 permanently affordable apartments in five communities across the state. The sale of the credits is expected to yield over $26 million in funding, which will cover over 60 percent of total development costs. The program is the largest single funding source for affordable housing development in Vermont.

Summer temperatures returning this weekend across Vermont

Thu, 06/03/2021 - 2:25pm -- tim
Local waterways still remain very cold
Vermont Business Magazine Summertime heat is expected this weekend and into early next week with high temperatures in the 80s and 90s. This comes on the heels of a cool, damp Memorial Day Weekend. It takes time for our bodies to adjust to being active in warmer conditions, and heat illnesses can be dangerous. That’s why the National Weather Service and the Vermont Department of Health are reminding people to stay safe and healthy as the thermometer rises.

Moody’s upgrades National Life’s financial strength rating

Thu, 06/03/2021 - 1:15pm -- tim

Vermont Business Magazine Ratings agency Moody’s Investor Service today upgraded the financial strength rating for the insurance companies of National Life Group. This marked the second upgrade within a month for National Life. Last month A.M. Best upgraded National Life’s ratings to A+ (Superior). Moody’s raised National Life’s financial strength rating to A1 (Good).

State launches $30 million bridge funding for COVID relief June 7

Thu, 06/03/2021 - 12:22pm -- tim

Vermont Business Magazine Governor Phil Scott, the Agency of Commerce and Community Development (ACCD) and the Department of Economic Development (DED) today announced the launch of the latest economic recovery funding for Vermont businesses. Opening on Monday, June 7, the Economic Recovery Bridge Program is expected to deliver $30 million in financial relief to businesses who have not received state and federal funding due to eligibility constraints and to businesses who can show a continued loss of revenues due to the COVID-19 pandemic.

USDA to measure Northeastern milk production

Thu, 06/03/2021 - 10:19am -- tim

Vermont Business Magazine Thousands of milk producers across the country will receive surveys from the US Department of Agriculture’s National Agricultural Statistics Service (NASS) as the agency collects information for the 2021 Milk Production reports. The dairy industry relies on monthly Milk Production reports to make decisions about the marketing of milk. By participating in the survey, milk producers can ensure that NASS provides timely, accurate and useful data that all sectors of the U.S. dairy industry use to make sound business decisions.

USDA to measure quarterly bee colony loss

Thu, 06/03/2021 - 10:11am -- tim

Vermont Business Magazine In July, the US Department of Agriculture’s National Agricultural Statistics Service (NASS) will be collecting information about colony loss in the honey industry throughout the United States. The Quarterly Colony Loss survey will be conducted over the period of June 2021 through July 2021. This survey collects information about colony inventory and loss from more than 400 producers with honey bee colonies in the Northeastern Region of the United States.