Vermont Business Magazine NBT Bancorp Inc (NASDAQ: NBTB) has reported record net income and diluted earnings per share for the three months ended March 31, 2018. Net income for the three months ended March 31, 2018 was $26.0 million, up from $17.6 million for the prior quarter, which included the $4.4 million estimated one-time, non-cash charge recorded in the provision for income taxes related to the enactment of the Tax Cuts and Jobs Act (“Tax Reform”), and $20.3 million for the same period last year.
Vermont Business Magazine Copley Hospital celebrated with Richard Page on Friday, April 20, 2018, as he became the first person to receive a total ankle replacement at Copley Hospital. Dr Bryan Monier, a foot and ankle specialist at Copley’s Mansfield Orthopaedics, led Mr. Page’s surgical team. Dr Monier joined Copley Hospital in October. Dr Monier treats problems of the foot and ankle as well as lower extremity trauma, including arthritis, bunions, fracture fixation, foot reconstruction, ankle instability, and sports related injuries of the foot and ankle.
Vermont Business Magazine The Alzheimer’s Association is pleased to announce Tammy Johnson, Director of Sales and Marketing at FoodScience Corporation will be honored with the 2018 Community Leadership & Activist Award on Tuesday, May 22, 2018 at the 9th Annual Reason to Hope Dinner at the Hilton Burlington. The Alzheimer’s Association annually presents the Community Leadership & Activist Award to a community leader in recognition of their civic and humanitarian efforts. It is given to individuals who have had a distinguished professional career, who are involved in and committed to community affairs, who are leaders among peers and who lead by example. It is given to those who strive to improve the quality of life today and create a better world tomorrow.
Vermont Business Magazine More Vermonters are snowshoeing, doing yoga and participating in sports and exercise classes, thanks to $15,000 distributed by The Vermont Governor’s Council on Physical Fitness & Sports. The grants, called Exercise Is Medicine Community Wellness Grants, support local organizations in developing new initiatives for improving health and fitness. The application process is competitive: Of the 14 groups that applied, only four were selected to receive funds this year.
Vermont Business Magazine People’s United Community Foundation, the philanthropic arm of People’s United Bank, Monday announced that it awarded $134,629 in Vermont during its first grant cycle of 2018. Funding was allocated to 18 nonprofit organizations in support of activities that ranged from basic needs services and affordable housing initiatives, to education and workforce development programs.
Vermont Business Magazine The University of Vermont Health Network – Central Vermont Medical Center (CVMC), in partnership with Efficiency Vermont, Liebert Engineering, Inc. and Control Technologies Inc., will unveil an interactive energy kiosk that graphically displays CVMC’s energy usage and costs in a real-time dashboard. The kiosk will also help staff, homeowners, tenants and businesses discover ways to reduce energy consumption and costs at home and at work.
Vermont Business Magazine The Community Health Centers of Burlington (CHCB) are proud to announce their Medication Assisted Treatment (MAT) Program has reached a milestone of serving over 400 patients in need of addiction recovery care, nearly tripling their numbers since 2013. As a non-profit primary care organization, CHCB delivers the largest office-based opiate treatment program in Chittenden County.
by John McClaughry The Vermont General Assembly is in its final weeks of trying to assemble a school finance “reform” bill. Their product so far has become an ever-shifting grab bag of proposals that even veteran legislators must be struggling to follow from day to day. The longer this goes on, the more it reminds us of the memorable closing words of Gov. Scott’s explanation of why he signed the gun control bill on April 10: “We choose action, over inaction. Doing something, over doing nothing.”
Vermont Business Magazine Attorney General TJ Donovan announced today that Vermont has received $58.9 million from tobacco companies; $29 million of the total amount is the result of a recent settlement with tobacco companies. This $29M is on top of the annual payment Vermont receives each April from these companies related to the 1998 “Master Settlement Agreement” (MSA). Between the recent settlement and annual MSA payment, Vermont received the $58.9 million last Thursday.
Vermont Business Magazine Twenty entrepreneurs throughout Vermont have been selected to participate in a free executive-level training course that started April 20 at Vermont Technical College in Williston. Emerging Leaders is a Small Business Administration training program for entrepreneurs wanting to expand their small businesses. During the seven-month course the 20 students will work with their instructor and a network of industry experts to create a three-year strategic growth action plan.
Vermont Business Magazine On Monday, April 16 the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal Housing Tax Credits and Vermont Affordable Housing Credits to construct and renovate apartments for low-income Vermonters over the next several years. The $3.5 million in 10-year federal capped credits, $319,000 in 10-year federal uncapped “bond” credits and $173,000 in 5-year state credits will support the development of 251 apartments in eight communities across the state.
Vermont Business Magazine Vermont Electric Power Company (VELCO) is alerting Vermont residents to a telephone scam involving callers claiming to be representing VELCO. The scammers have targeted Vermont businesses demanding credit card information to pay an account balance or face disconnection. VELCO has no residential or commercial business accounts; we own and operate the high-voltage electric transmission grid. Retail electric service is provided by local distribution companies.