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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.

Vermont agency awarded $1 million grant to assist older workers find good jobs

Thu, 07/30/2009 - 9:14am -- tim

The U.S. Department of Labor today awarded $10 million in funding to organizations that connect older Americans to career opportunities. Included is $1 million to Vermont Associates for Training & Development, Inc. The Aging Worker Initiative: Strategies for Regional Talent Development is designed to train workers age 55 and older for jobs in high-growth, high-demand industries, and increase the public workforce system's capacity to effectively serve an aging worker population.

House passes bill to restore $114 million in federal highway funding to Vermont

Thu, 07/30/2009 - 8:54am -- tim

Rep. Peter Welch supported and the House passed legislation late Wednesday to address a projected shortfall in the Highway Trust Fund by restoring $7 billion in federal transportation funding to the states. HR 3357 prevents an 85 percent reduction in Federal Highway Administration (FHWA) funding, which would have reduced Vermont s share from $134 million to $20 million in 2010.

Chittenden Bank honors $40,000 pledge to Cancer Society’s Hope Lodge

Thu, 07/30/2009 - 8:45am -- tim

Chittenden Bank President Michael Seaver and Senior Vice President Kathy Schirling presented the final $10,000 contribution of the bank s $40,000 multi-year pledge for the American Cancer Society Hope Lodge Campaign to Hilary Casillas, vice president of income development, on Thursday, July 30, at Hope Lodge, 237 East Avenue in Burlington.

"Late blight" strikes tomato and potato crops across Vermont

Thu, 07/30/2009 - 8:28am -- tim

It s been an exceptionally rainy and cool summer and one of the consequences is that Late Blight disease has been reported in every corner of Vermont and across the Northeast. With these weather conditions Late Blight rapidly kills the foliage of tomato and potato plants. Many hundreds of farmers and gardeners have already been stricken, and it is likely that the situation will get worse unless the weather turns hot and dry.

Merchants Bancshares announces 2009 second quarter results

Thu, 07/30/2009 - 5:05am -- tim

Merchants Bancshares, Inc. (Nasdaq: MBVT), the parent company of Merchants Bank, today announced net income of $2.06 million and $4.97 million, or diluted earnings per share of $0.34 and $0.82, for the quarter and six months ended June 30, 2009, respectively. This compares with net income of $2.88 million and $5.54 million, or diluted earnings per share of $0.47 and $0.91, for the second quarter and first half of the previous year, respectively.

Green Mountain Coffee Roasters reports continued robust performance in third quarter

Thu, 07/30/2009 - 4:36am -- tim

Green Mountain Coffee Roasters, Inc., (NASDAQ: GMCR) today announced its fiscal 2009 third quarter results for the thirteen weeks ended June 27, 2009, reporting outstanding top and bottom line growth. Net sales for the third quarter of fiscal 2009 totaled $190.5 million as compared to $118.1 million reported in the third quarter of fiscal 2008, representing an increase of 61% over the same quarter last year. Net income for the third quarter of fiscal 2009 increased 123% to $14.1 million or $0.36 per diluted share, from $6.3 million or $0.16 per diluted share in the third quarter of f

$65,000 grant will help Randolph create and save 33 jobs.

Wed, 07/29/2009 - 9:52am -- tim

Agriculture Secretary Tom Vilsack today announced the selection of 145 recipients, including Randolph Area Community Development Corporation (RACDC), for more than $15.3 million in grants to start or expand businesses in rural communities. Through Recovery Act funding, businesses will be able to access to critical capital that will help with start-up and working capital loans, building and plant renovations, transportation improvements, project planning and other business needs.

Vermont's best truck drivers named

Wed, 07/29/2009 - 9:50am -- tim

Stephen Slack, of Corinth, was named the best professional truck driver in Vermont after winning the twins competition and receiving the highest overall score in the nine competing categories at the 2009 Vermont Truck Driving Championships. The annual event is sponsored by the Vermont Truck and Bus Association.

VEDA approves $3 million in business development financing

Wed, 07/29/2009 - 9:44am -- tim

The Vermont Economic Development Authority has approved $3 million in financing to support business and agricultural development projects totaling $7 million. Included is a $825,000 loan to MSI in Morristown, a $182,000 mortgage insurance commitment to Bradford Vaneer, and a $131,000 loan to Green Mountain Urology in Middlebury.
We are pleased to help businesses strengthen and grow in the manufacturing, agricultural, and small business sectors of our state s economy, said the Authority s Chief Executive Officer Jo Bradley.
Approved for financing assistance by VEDA are: