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Fidium Fiber delivers 2-gig service for Southern Vermont CUD

Fri, 08/05/2022 - 11:16am -- tim

Vermont Business Magazine Fidium Fiber’s multi-gigabit, all fiber service is now available to order for 12,000 homes in Bennington County, including 400 homes that previously did not have access to high-speed internet. The new fiber network, announced in May, is the result of a partnership between Southern Vermont Communication Union District (CUD) and Consolidated Communications. Southern Vermont CUD represents 14 rural towns in Bennington County. The CUD advocates for bringing high-speed internet to their hard-to-connect region and has been successful in securing state funding for broadband projects.

VDOL, SWDB to host final Triple Play Job Fest in Burlington on Friday

Fri, 08/05/2022 - 7:23am -- tim

The Vermont Department of Labor and the State Workforce Development Board will host the final Triple Play Job Fest event on Friday in Burlington at Centennial Field at 5:30 pm. The state has held three prior Job Fest events in White River Junction, Montpelier, and Burlington. The event will be held in partnership with the Vermont Lake Monsters.            

Vermont again ranked highest 'equity-rich' homes

Fri, 08/05/2022 - 5:06am -- tim

Vermont Business Magazine ATTOM, a leading curator of real estate data nationwide for land and property data, today released its second-quarter 2022 U.S. Home Equity & Underwater Report, which shows that Vermont once again has the highest "equity-rich" homes (71.4 percent), while having the lowest "underwater" rate (1 percent, tied with California and Washington). Overall in the US, 48.1 percent of mortgaged residential properties in the United States were considered equity-rich in the second quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their estimated market values.

Ledyard Financial Group reports record quarterly earnings

Fri, 08/05/2022 - 2:45am -- tim

Vermont Business Magazine Ledyard Financial Group, Inc (ticker symbol LFGP), the holding company for Ledyard National Bank, has announced record earnings for the second quarter of 2022. This is the tenth consecutive quarter of record earnings and while uncertainty continues in the economy, these results are evidence of the strength of our core businesses and financial condition. Despite the economic uncertainty, our attention remains on strengthening our financial position and continuing to execute on our strategic initiatives. Ledyard also announced a regular quarterly dividend of $0.21 payable September 9, 2022 to shareholders of record as of August 26, 2022.

Vermont Historical Society receives major grant to create COVID-19 oral history project

Thu, 08/04/2022 - 5:11pm -- tim

Vermont Business Magazine The Vermont Historical Society has received a competitive Museums for America grant from the Institute of Museum and Library Services totaling $136,585 to create a major, three-year oral history project, Collecting COVID-19: A Vermont Story, which will document the state’s response and experience during the COVID-19 pandemic. It is one of 120 institutions across the country receiving grant funding. The Institute of Museum and Library Services has long been supported by Vermont senators Patrick Leahy and Bernie Sanders. This grant will be used to capture, preserve, and share the stories of Vermonters during the pandemic, which will include 100 oral histories from first responders, healthcare workers, educators, retail workers, and others. 

Vermont Creamery joins national movement to turn food waste into renewable energy

Thu, 08/04/2022 - 2:01pm -- tim

Vermont Business Magazine Vanguard Renewables’ Chief Strategy Officer John Hanselman and Vermont Creamery’s President, Adeline Druart, were joined Wednesday by Vermont Secretary of Agriculture Anson Tebbetts, along with Danielle Goodrich-Gingras, co-owner and herdswoman of the Goodrich Family Dairy Farm, to announce Vermont Creamery’s membership in The Farm Powered Strategic Alliance (FPSA/Alliance). The announcement occurred at Vanguard Renewables’ anaerobic digester, the largest in the northeast, located on the Goodrich Family Dairy Farm in Salisbury, Vermont.

Vermont ranks as the 4th best state for women’s employment & earnings

Thu, 08/04/2022 - 1:17pm -- tim

Vermont Business Magazine To celebrate Single Women’s Working Day today August 4, Wisevoter, a bipartisan educational platform has put together rankings for best and worst states for women's employment and earnings. Vermont came out at #4 ranking as one of the best states for women to work in. Vermont was 7th overall when all life factors for women were included.

Casella pilots recycling subscription for hard-to-recycle waste

Thu, 08/04/2022 - 1:03pm -- tim

Vermont Business Magazine Casella Waste Systems, Inc, a regional solid waste, recycling and resource management services company based in Rutland, in partnership with TerraCycle, an innovative recycling company that specializes in hard-to-recycle materials, is pleased to announce the upcoming TerraCycle Pouch by Casella pilot subscription program. Beginning in the Fall of 2022, residents in and around Burlington will be invited to subscribe to a supplementary recycling service for a wide array of items that are not acceptable in curbside recycling. With this pilot program, Casella will be one of the first fully integrated resource management companies to offer additional services for materials that are not recyclable curbside.

Site improvements resume at south end of Lake Willoughby

Thu, 08/04/2022 - 10:59am -- tim

Vermont Business Magazine The Vermont Department of Forests, Parks, and Recreation (FPR) has resumed work on improvements to the south end of Lake Willoughby in Westmore, VT. These improvements began last fall and are in response to significant increases in visitation and use. This project is intended to improve safety, environmental quality, and visitor enjoyment at Willoughby State Forest. FPR will be posting regular project updates on a dedicated Twitter account and on the FPR website.

Sanders says Inflation Reduction Act doesn’t meet needs of the American people

Thu, 08/04/2022 - 7:32am -- tim

​Vermont Business Magazine Senator Bernie Sanders (I-Vermont) Wednesday on the floor of the U.S. Senate gave remarks on the Inflation Reduction Act, calling on his colleagues to study the bill thoroughly and to come up with amendments and suggestions as to how to improve it in order to meet the needs of the American people. "Given that this is the last reconciliation bill that we will be considering this year, it is the only opportunity that we have to do something significant for the American people that requires only 50 votes and that cannot be filibustered. This is an opportunity that must not be squandered."

Nomad launches portfolio of mobile energy storage systems

Thu, 08/04/2022 - 7:12am -- tim

Vermont Business Magazine Nomad Transportable Power Systems, a company founded by US-based battery manufacturer KORE Power, unveiled a portfolio of mobile energy storage systems (units); these mobile-focused, lithium-ion storage units can disrupt fossil-fuel dominated sectors by removing traditional barriers to energy storage adoption such as cost, siting, and installation. At a ribbon cutting event in Waterbury on Monday, Jay Bellows, CEO of NOMAD, hailed the arrival of mobile lithium-ion storage as a new opportunity to slash pollution and deliver reliability.

5 new geologic maps released to help state manage natural resources

Thu, 08/04/2022 - 6:46am -- tim

​Vermont Business Magazine The Vermont Geological Survey (VGS) released five new geologic maps to help address issues like groundwater contamination, landslide hazards, and geologic resource planning. The new surficial geologic maps show the types of glacial and other loose materials above the state’s bedrock like clay, sand, gravel, and till.