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IBM layoffs hit Vermont

Tue, 01/27/2009 - 10:23am -- tim

While the exact number of lay offs at IBM s Essex plant was not known at press time, the total number was expected to be under 500. If it were more than 499, IBM would have been required by federal law to notify state officials before the action, which it did not. According to Vermont Department of Labor Commissioner Pat Moulton Powden, she was not informed ahead of time of the layoffs. She confirmed that IBM had laid off less then 500 of its roughly 5,200 employees Tuesday, January 27.

Unemployment climbs to 6.4 percent

Tue, 01/27/2009 - 9:27am -- tim

Montpelier -- The Vermont Department of Labor announced today that the seasonally adjusted unemployment rate for December 2008 was 6.4 percent, up seven-tenths of a point from the revised November rate and up 2.5 points from a year ago.
The nation s job market deteriorated sharply in the fourth quarter and especially in December, said Patricia Moulton Powden, Commissioner of the Vermont Department of Labor. New estimation procedures indicate that Vermont s job market followed those national trends.

Chittenden Bank donates $3,000 to the Committee on Temporary Shelter

Tue, 01/27/2009 - 8:31am -- admin

In 1982, a group of concerned community members and organizations came together to address the needs and concerns of Burlington s homeless population. On December 24, 1982, the Committee on Temporary Shelter (COTS) opened its doors for the first time providing overnight shelter to people without homes during that winter season. In 1983, the organization incorporated as a non-profit and began a year round operation. COTS has become a valuable resource in Chittenden County for individuals in need of shelter, a place to sleep, healthcare, job training and counseling services.

VEDA approves $2.2 million in business development financing

Mon, 01/26/2009 - 9:56am -- tim

Montpelier, VT - The Vermont Economic Development Authority (VEDA) approved $2.2 million in business development financing, leveraging another $2.8 million in private financing for projects throughout the state.
"VEDA is pleased to offer financing assistance that will help a Colchester business expand, and bring new jobs to St. Albans through establishment of a new manufacturing plant there," said Jo Bradley, VEDA's Chief Executive Officer.
Approved for VEDA financing assistance are:

Douglas administration convenes Economic Response Team

Mon, 01/26/2009 - 8:57am -- tim

Montpelier, VT. - The administration of Governor Jim Douglas has called the first meeting of a group of officials from state government, business, and non-government organizations that will provide a rapid response to Vermont companies facing difficulties.
The Economic Response Team, a collaborative effort of the state's economic development partners proposed by the Governor as part of his Inaugural Address, will meet Wednesday, January 28, 2009 at the Pavilion Building in Montpelier from 2:30 to 4:30 p.m.

Vermont Business Roundtable elects new officers and directors

Mon, 01/26/2009 - 7:30am -- tim

Managing Director William P. Stritzler of Smugglers' Notch Resort in Jeffersonville has been elected chair of the Vermont Business Roundtable, and five Vermont CEOs are newly-elected to three year terms on the board of directors. The new directors and officers assumed their roles during the Roundtable's annual membership meeting on Jan. 14. Stritzler takes over the position from Timothy R. Volk, president of Kelliher Samets Volk, a Burlington-based marketing firm.

Heritage Flight receives rare recognitions

Mon, 01/26/2009 - 6:34am -- tim

Heritage Flight, which has been in business since 1984, has just been granted IS-BAO (International Standard of Business Aviation Organization) certification. They are also AR/GUS platinum rated and Wyvern recommended. This remarkable accomplishment has been achieved by only 4 charter operators in the nation. This recognizes Heritage Flight's continued commitment and emphasis on safety.

Burlington's CEDO marks 25th anniversary

Mon, 01/26/2009 - 6:30am -- tim

A new booklet, "How Burlington Became an Award Winning City: An Historical Summary of Burlington's Economic Development Efforts with a Vision for the Future 1983-2008 " is a chronicle of major economic development efforts in the City, highlighting a handful of particular programs and projects as well as some of the many awards that have been received. Included are sections containing Five-Year Goals, Priorities and Lessons Learned over 25 years.
On Line version:

US Census Bureau seeks to fill 800 jobs in Vermont

Fri, 01/23/2009 - 11:14am -- tim

The US Census Bureau has opened a census office in Vermont to carry out early 2010 operations and is looking for qualified applicants to fill more than 800 jobs across the state. The local census office is located near Burlington. Positions include address listers, office clerks, recruiting assistants, crew leaders and field operations supervisors. The census employees will help develop an address list in spring 2009. The address list will be used to deliver census questionnaires in 2010. The jobs are temporary; some are full time and others part time. sells 20 percent of company for $35M to Montreal media company

Fri, 01/23/2009 - 7:56am -- tim

MONTREAL, QUEBEC--(Marketwire - Jan. 20, 2009) - Trader Corporation (Trader), the vertical media business of Yellow Pages Income Fund (TSX:YLO.UN), announced today it has entered into a strategic agreement with Burlington, Vermont-based ( that will deliver a suite of marketing technology solutions to Canada's new and used vehicle industry.