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Senate approves $350 million help for dairy farmers

Wed, 08/05/2009 - 9:47am -- tim

The Senate today voted 60 to 37 for an amendment by Sen. Bernie Sanders (I-Vt.) to provide an extra $350 million for milk price supports to increase government purchases of surplus dairy products.
Reducing supply will result in higher prices for dairy farmers desperate for help as they cope with the lowest prices in nearly four decades. The extra $350 million would provide farmers on average an estimated $1.50 extra per hundredweight, the industry's standard unit of measurement.

delSECUR to purchase the intellectual property assets of the corporation

Tue, 08/04/2009 - 11:51am -- tim

delSECUR CORPORATION, a Nevada Corporation based in South Burlington, Vermont (Pink Sheets: DLSC) announced today that its Board of Directors has accepted, subject to the approval of the majority of the shareholders entitled to vote, an agreement to purchase the Intellectual Property Assets of delSECUR CORPORATION. The consideration for such purchase will be in the form of a 49% interest in the shares of common stock of Q Tech Systems, Inc., an Ontario, Canada Corporation.

New Vermont bus to link Rutland and White River Junction

Tue, 08/04/2009 - 9:48am -- tim

Marble Valley Regional Transit District (The Bus) and Stagecoach Transportation Services Inc. (STSI) of Randolph, Vermont are working in partnership to create a new public transportation route that will reestablish scheduled bus service between Rutland and White River Junction.  In 2008, Vermont Transit discontinued scheduled service between Rutland and White River Junction. 

Governor Douglas to host NGA eHealth meeting in Burlington

Tue, 08/04/2009 - 9:19am -- tim

The State Alliance for e-Health (The Alliance) will meet for its semi-annual conference. Key topics are scheduled to include implementation of the Health Information Technology for the Economic and Clinical Health (HITECH) Act, which is part of the Recovery Act of 2009, as well as quality improvement and health reform. The Alliance also will unveil its latest report Preparing to Implement HITECH: A State Guide for Electronic Health Information Exchange. Alliance members will hear from a number of experts, including Dr. David Blumenthal, National Coordinator for Health IT, U.S.

CVPS announces 23-cent per share common stock dividend

Tue, 08/04/2009 - 9:17am -- tim

On August 3, 2009, the Central Vermont Public Service Corporation (NYSE: CV) Board of Directors approved the following resolutions for the issuance of common and preferred stock dividends. CVPS also announced that its second quarter earnings report will be released August 7.
RESOLVED: That out of reserved and unrestricted earnings of the Company a quarterly dividend at the rate of twenty-three cents ($.23) per share is hereby declared on the issued and outstanding shares of

Welch votes against bill penalizing Vermont small food producers

Tue, 08/04/2009 - 9:16am -- tim

Rep. Peter Welch late last week voted against legislation that would subject Vermont family farmers, small businesses and artisan food producers to unreasonable fees. The Food Safety Enhancement Act (H.R. 2749) would prevent food-borne illnesses by increasing the number and scope of food inspections but would do so at the expense of small food producers. The bill unfairly subjects Vermont farmers, maple syrup producers and cheese-makers to the same $500 annual registration fee as large, multi-state agri-businesses.

$1.7 million in state tax credits to revitalize historic buildings in 12 communities

Fri, 07/31/2009 - 8:45am -- tim

Governor Jim Douglas has announced the allocation of $1.7 million in tax credits for a dozen Vermont communities to assist in the renovation or repair of buildings in downtowns and village centers. Governor Douglas announced the projects approved by the Downtown Development Board for Downtown and Village Center State Tax Credits at a ceremony in Springfield the site of two approved projects.

Dairy price hike to help Vermont farmers

Fri, 07/31/2009 - 6:38am -- tim

The US Department of Agriculture has lifted the floor price for dairy products, it was announced today. The decision comes two days after the Vermont senators and a coalition of more than two dozen senators from other dairy states met with Agriculture Secretary Tom Vilsack. The prices will rise from $1.13 per pound for block cheese to $1.31; barrel cheese, from $1.10/lb. to $1.28; nonfat dry milk powder, from $0.80/lb. to $0.92. This has the potential to increase the price paid to farmers for milk by $1.25 to $1.50 per hundredweight.

Vermont's Green Mountain Power files for rate increase of 4.84 percent

Fri, 07/31/2009 - 6:02am -- tim

Green Mountain Power today asked the Vermont Public Service Board to authorize a 4.84 percent rate adjustment to go into effect on October 1, 2009, as part of its alternative regulation plan. The increase is primarily due to factors that affect all utilities in the region, such as the costs of reliability upgrades to the New England transmission grid.

Largest captive insurance conference to be held in Burlington

Thu, 07/30/2009 - 9:15am -- intern

Captive insurance professionals from throughout the United States and around the world will gather in Burlington, Vermont for the world's largest captive insurance conference, August 11 - 13, 2009 at the Sheraton Hotel and Conference Center and the UVM Davis Center. The event is the 24th Annual Conference hosted by the Vermont Captive Insurance Association.