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Springfield Hospital seeks partner to survive, D-H likely candidate

Fri, 08/16/2019 - 12:03pm -- tim

by Olga Peters, Vermont Business Magazine On a muggy evening in July, the leadership of Springfield Medical Care Systems and Springfield Hospital sat with community members and explained what comes next for the financially beleaguered health provider. The Charlestown, NH, meeting held at the Senior Citizens Center on July 18 was the fifth meeting that Joshua Dufresne, Acting Chief Executive Officer of SMCS and Halstead have held in the SMCS coverage area.

Stowe’s Brownsville Forest conserved as new addition to state forest

Fri, 08/16/2019 - 10:37am -- tim

Vermont Business Magazine With summer at its height and the Green Mountains truly showing their name, the Vermont Department of Forests, Parks and Recreation announced the addition of 758 acres to CC Putnam State Forest in Stowe. As part of the state forest, the Brownsville Forest property, as the land is locally known, will be open to the public and managed by the Department of Forests, Parks and Recreation.  

Weekly unemployment claims remain very low

Fri, 08/16/2019 - 10:15am -- tim

Vermont Business Magazine As with the overall unemployment rate, weekly unemployment numbers are holding at a very low level with very little movement. Summer usually brings low claim levels, but sub-300 claims indicates very low volume. Initial claims for the week of August 10, 2019, totaled 289, down 7 from last week. Claims were 26 more than they were at this time last year.

Nearly 6 out of 10 Vermont households heat with petroleum

Fri, 08/16/2019 - 3:17am -- tim

Vermont Business Magazine From state policy issues to local business concerns, energy information helps people make informed decisions. To that end, the US Energy Information Administration (EIA) maintains a portal for state energy information that provides dynamic, timely data on the energy market conditions in each region. Recently, EIA updated the energy data and facts about Vermont. For instance, Vermont’s five utility-scale wind farms accounted for 17 percent of the state’s electricity net generation in 2018.

Surge of calls has GMP warning customers about phone scam

Thu, 08/15/2019 - 4:30pm -- tim

Scammers Demanding Personal Info and Payment While Threatening Immediate Disconnection

Vermont Business Magazine Green Mountain Power (GMP) is warning customers about a rise in scam calls, after dozens of reports today. The scammers are claiming to be from GMP and threatening to cut off power within just 30 minutes if you don’t pay immediately. GMP would never do that. If you receive a call like that, just hang up - it is a scam.

GlobalFoundries transfers photomask services to Japanese firm

Thu, 08/15/2019 - 4:10pm -- tim

Vermont Business Magazine Toppan Photomasks, Inc, a subsidiary of Tokyo-listed Toppan Printing Co, Ltd, and GlobalFoundries (GF), the world's leading specialty foundry, has announced that they have entered into a multi-year supply agreement in which Toppan will provide GF with photomasks and related services currently supported by GF's Burlington, Vermont US photomask manufacturing operation. As a part of the agreement, Toppan will acquire certain assets of GF's Burlington photomask facility. There will be no impact to jobs at the GF Burlington facility, according to Toppan.

Vermont’s unemployment rate holds at historic 2.1 percent

Thu, 08/15/2019 - 3:38pm -- tim

Vermont Business Magazine The Vermont unemployment rate remained unchanged at its historic low of 2.1 percent. As of last month’s data (June 2019), the unemployment rates for Vermont and the Burlington-South Burlington NECTA were the lowest in the country relative to other states and metropolitan areas, respectively. The comparable United States rate in July was 3.7 percent, which was unchanged from the revised June estimate. The major metrics also showed very little movement, with the Labor Force and number of employed up very slightly and number of jobless down, but also by a very small amount.

Vermont Drug Task Force makes 59 arrests

Thu, 08/15/2019 - 3:18pm -- tim

Vermont Business Magazine The Vermont Drug Task Force announces a multi-week arrest sweep that has concluded with the arrests of numerous people accused of dealing drugs throughout Vermont. During the past several weeks, the Vermont Drug Task Force arrested 59 suspects on charges of selling and distributing heroin, fentanyl, cocaine and crack cocaine. The investigations resulted in 53 individual charges of selling heroin, and 43 individual charges of selling crack cocaine, among other charges. 

Motorized bicycle crash leaves man critical

Thu, 08/15/2019 - 2:14pm -- tim

Vermont State Police On August 14, 2019, at approximately 2105 hours, the Vermont State Police were dispatched to the report of a cyclist that was laying in the roadway. Preliminary investigation indicates that the operator was traveling south on a motorized bicycle. A passing motorist observed the cyclist in the roadway and contacted emergency services. The operator was transported to the University of Vermont Medical Center with serious bodily injury.

CCV-Bennington to offer Start-Up 802 entrepreneurship program

Thu, 08/15/2019 - 2:07pm -- tim

Vermont Business Magazine Community College of Vermont (CCV)-Bennington will once again offer its entrepreneurship program in fall 2019. Start-Up 802 is a two-course curriculum designed to help students develop entrepreneurial skills and launch business ideas. The program was launched last year as the result of a collaborative effort to stimulate economic development and cultivate local talent. CCV developed the program in partnership with the Chamber of Commerce, Bennington County Regional Commission, and the Small Business Development Center, among others.

Vermont Talent Pipeline Management gets $250K federal grant

Thu, 08/15/2019 - 12:58pm -- tim

Vermont Business Magazine Today, Lisa Ventriss, President of Vermont Business Roundtable (Roundtable), and Mary Anne Sheahan, Executive Director of Vermont Talent Pipeline Management (VTPM), announced the receipt of a three-year, $250,000 matching grant to implement employer demand-driven workforce strategies across all counties in Vermont. The award is one of 13 presented by the Northern Borders Regional Commission, a Federal - State partnership, in support of employment-generating projects to reduce poverty, unemployment, and out-migration, through economic and infrastructure programs.