News
by James Douglas Moving Vermont’s economy forward requires investments in both innovation and infrastructure. There’s no shortage of innovation in Vermont – we’re fortunate to have legacy industries and cutting edge entrepreneurs eager to contribute to our economy and provide good jobs. It’s not easy for them, however. Costs are higher here than in many other places.
Vermont Business Magazine Weekly unemployment claims in Vermont fell by more than 100 last week. Despite a spike in June, claims are typically low during the summer. There were 363 new, regular benefit claims for Unemployment Insurance in Vermont, a decrease of 133 from the previous week's total and 41 fewer than they were a year ago.
Berkshire Hills Bancorp, Inc (NYSE: BHLB), the holding company for Berkshire Bank with branches in Vermont, reported $0.51 in core earnings per share in the second quarter of 2015, which was a 16% increase over second quarter results in the prior year. Profit growth reflects positive operating leverage from ongoing business development.
by Mike Smith Is Bruce Lisman considering a bid for governor? That’s what some are saying Lisman is telling them. In fact, one local businessman said Lisman told him he is definitely running. Lisman is a native Vermonter who made a fortune on Wall Street, returned to Vermont and started the non-partisan watchdog group Campaign for Vermont.
Vermont Business Magazine The Thomas Thompson Trust awarded Brattleboro’s Winston Prouty Center $30,000 toward its capital campaign. The Center is expanding to better provide community-based services. The award was a matching grant for Winston Prouty Center’s two spring fundraisers, “Storytellers on a Mission” and its inaugural Indoor Mini-Golf Tournament.
Vermont Business Magazine The Green Mountain Care Board today praised Vermont's hospitals for achieving historically low rates of growth in their budget submissions for the third year in a row, submitting budgets with 3.6 percent overall net patient revenue growth.
Vermont Business Magazine The parent company of Vermont Castings, HNI Corporation (NYSE: HNI), based in Iowa, announced on Wednesday sales for the second quarter ended July 4, 2015, of $568.2 million and net income of $23.9 million, or $0.52 per diluted share. Profits suffered less than expected due to charges resulting from plant closures.
Vermont Business Magazine Governor Peter Shumlin issued the following statement after the US House of Representatives passed legislation today that would block Vermont from enforcing its mandatory GMO (Genetically Modified Organisms) labeling law.
Vermont Business Magazine In the first half of 2015, the Vermont Community Loan Fund (VCLF) loaned $2,883,650 to Vermont's small businesses, early education and child care programs, affordable housing developers, and facilities providing vital community services.
Vermont Business Magazine More land in Western Addison County will soon be available to the public, and protected for wildlife. The public is invited to attend a celebration of the Lemon Fair Wildlife Management Area in Cornwall, and the 330 acres being added to it, on Tuesday, July 28, from 10 am to 12:30 pm.
Vermont Business Magazine While Burlington International Airport relies too heavily on non-air service revenue, primarily parking, and while enplanements are down, cash flow and debt service have improved, leading to stability in its bond rating and ability to raise capital.
Vermont Business Magazine The Vermont State Colleges (VSC) Board of Trustees voted today to support a focused effort to position the Vermont State Colleges as a more comprehensive, cohesive, and interconnected system comprising multiple distinct institutions.