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Survey: More than 98% of customers recommend Vermont Gas

Thu, 07/18/2019 - 3:27am -- tim

Vermont Business Magazine According to an annual independent survey of Vermont Gas (VGS) customers, nearly all respondents (98.7%) say they would recommend the Company to their friends and family. VGS has maintained these high customer scores for more than 10 years and has implemented new products such as Renewable Natural Gas and services such as paperless billing to reduce carbon and respond to customer needs.

Vermont Research News: Farming with dynamite, e-bikes and reducing dairy wastewater

Wed, 07/17/2019 - 3:32pm -- tim

Vermont Research News The use of dynamite by Vermont farmers was once a common practice for increasing crop production and manipulating the landscape. Yes, farming with dynamite. Vermont dairy farms produce approximately 321.25 million gallons of milk per year, 63% of the total milk produced in New England. However, milk also poses problems in wastewater management, as it is made up of soluble particles. Summer brings more cyclists and some of them are on E-bikes. An electric bike is at least 40 times more energy efficient than the average gas-powered car and nearly 10 times more efficient than an electric car.

More Vermonters claim their unclaimed property for 2nd consecutive record year

Wed, 07/17/2019 - 3:01pm -- tim

Vermont Business Magazine Some 18,012 individuals or organizations claimed their missing money in the fiscal year ending June 30, a new single-year record for the free service managed by the Vermont State Treasurer’s Office. The Treasurer’s Office received $12.1 million of new property in FY2019, increasing the total amount on hand to $94.5 million. The 18,012 claims processed in the fiscal year improves on the previous record of 17,665 that was set last year.

Union Bankshares reports 2Q2019 earnings and dividend

Wed, 07/17/2019 - 2:30pm -- tim

Vermont Business Magazine Union Bankshares, Inc (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2019, and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2019 was $2.5 million, or $0.56 per share, compared to $2.5 million, or $0.54 per share, for the same period in 2018 and $5.2 million, or $1.15 per share, for six months ended June 30, 2019, compared to $5.2 million, or $1.16 per share for the same period in 2018.

Second Quarter Highlights

Scott details higher ed plan, names scholarship winners

Wed, 07/17/2019 - 1:59pm -- tim

Vermont Business Magazine Governor Phil Scott today detailed efforts to strengthen and expand higher education opportunities in Vermont, an important piece of the strategy to reverse the state’s aging demographic and workforce challenges. According to the 2017 State of Higher Education in Vermont report, Vermont colleges and universities attracted more than 44,000 students a year and employed more than 11,000 Vermonters in 2015. More than half of the students were from out-of-state. An analysis by the Association of Vermont Independent Colleges recently showed that Vermont’s independent colleges alone contributed more than $2 billion annually to Vermont’s economy. 

Newport and Bennington awarded over $42,000 in AARP community challenge grants

Wed, 07/17/2019 - 10:52am -- tim

​Vermont Business Magazine Today, AARP announced the awardees for its 2019 AARP Community Challenge grant program, including two recipients right here in Vermont. A total of nearly $1.6 million will be distributed to fund 159 “quick action” projects across the country, helping communities make immediate improvements and jumpstart long-term progress to support residents of all ages. In Vermont, grants totaling more than $42,000 were awarded to the cities of Newport and Bennington for specific community development projects in those communities.

Vermont teacher up for $1 million excellence prize

Wed, 07/17/2019 - 10:04am -- tim

Vermont Business Magazine A Vermont high school skilled trades teacher is among 50 teachers and teacher teams from across the country who were named today as semifinalists for the 2019 Harbor Freight Tools for Schools Prize for Teaching Excellence. Baxter Weed, a teacher at Cold Hollow Career Center in Enosburg Falls, and his skilled trades program, are in the running for a share of $1 million in total cash awards.

Hazelett to celebrate 100 years on Thursday

Wed, 07/17/2019 - 7:51am -- tim

Vermont Business Magazine Hazelett has been designing and manufacturing continuous casting machines for the global metal industries for 100 years. Hazelett technology is used in metal manufacturing processes worldwide to cast aluminum, copper, zinc, and lead into metal strip and bar used to create countless products. Today, over 100 Hazelett twin-belt continuous casting machines are operating in more than 24 countries. Hazelett will celebrate its century of manufacturing on Thursday at its Colchester plant.

Pelletier: Winter is coming

Wed, 07/17/2019 - 5:42am -- tim

by John Pelletier, Director of the Center for Financial Literacy at Champlain College On July 10, 2019, Fitch, a major credit agency, reduced Vermont’s bond rating. This was expected, after Moody’s, another large credit agency reduced Vermont’s bond rating in October 2018. Both rating agencies have the same concerns about Vermont and it’s economy.  As a result, future state and municipal borrowings costs will increase.

Mt Philo Inn awarded 2018 TripAdvisor certificate of excellence

Wed, 07/17/2019 - 2:23am -- tim

Vermont Business Magazine The locally owned and operated Mt Philo Inn in Charlotte has been awarded the 2018 TripAdvisor Certificate of Excellence. The achievement celebrates hospitality businesses that have earned great traveler reviews on TripAdvisor over the past year. Certificate of Excellence recipients include accommodations, restaurants and attractions located all over the world that have continually delivered a quality customer experience.

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