News
Senator Patrick Leahy (D-VT) says a new $31,497,430 US Army contract with Goodrich for additional units of the company’s groundbreaking helicopter maintenance diagnostic system, produced by the firm’s facility in Vergennes, will further extend the plant’s planning horizon and underscores again how firmly the advanced system has quickly taken its place as a key maintenance feature of US military
Senator Patrick Leahy (D-VT) on Friday announced that 21 Vermont communities and the Vermont State Police have been awarded federal grants to purchase bulletproof vests for officers working in the field. The funding was awarded through the Bulletproof Vest Partnership Grant Program, a federal grant program authored by Leahy and administered by the U.S. Department of Justice.
by Kevin Kelley. The City of Burlington announced September 30 that an agreement had been reached with CitiCapital to extend the period of forbearance ‘ set to expire on the 30th ‘ to October 29, 2010, with respect to payments under Burlington's lease-purchase agreement with CitiCapital for Burlington Telecom.
Next week’s first national health care summit meeting on health quality and costs since enactment of landmark health insurance reforms six months ago will spotlight Fletcher Allen Health Care’s success with its innovative steps in boosting quality while lowering costs. The day-long conference will convene Monday (Oct. 4) on Capitol Hill in Washington.
Fitch Ratings has assigned 'AAA' ratings to the $30,000,000 Vermont Housing Finance Agency (VHFA) mortgage revenue bonds (Mortgage Backed Securities Program) as follows:
--$12,000,000 series 2010A;
--$18,000,000 subseries 2009A-1.
The Rating Outlook for the bonds is Stable.
RATING RATIONALE:
Vermont's 'AAA' rating for its general obligation bonds reflects its low debt burden which is maintained through adherence to debt affordability guidelines, conservative financial management, and sound reserves. Outstanding debt, which is nearly entirely GO and matures rapidly, has declined from previously moderate levels.
On September 27, 2010, President Obama signed the Small Business Jobs Act of 2010 into law, putting more resources into the hands of small businesses so they can create more jobs and retain those they already have. The Act will make a tangible difference to scores of Vermont businesses waiting in the US Small Business Administration’s loan queue.
Jim Currier and his Currier’s Quality Market in Glover, was honored by the Vermont Grocers' Association with the VGA ‘Retailer of the Year’ award during the association’s annual convention at the Sheraton Burlington. The award was presented in recognition of their involvement with the community, food industry, store operations and customer service.
More than 100 people came out on a rainy night last week to attend the Open House at Manufacturing Solutions Inc. The event was the official unveiling of the company’s new 92,000 square foot facility. The move into the larger facility accommodates both growth that the company has seen in the past year and anticipated new business.
For the week of September 25, 2010, there were 645 new regular benefit claims for Unemployment Insurance, a decrease of 14 from the week before. Altogether 7,266 new and continuing claims were filed, a decrease of 71 from a week ago and 2,118 fewer than a year earlier.
Central Vermont Public Service and Green Mountain Power are advising customers in the southern half of Vermont of the potential for significant wind and heavy rain damage that could cause extensive damage and power outages this evening and into Friday. Customers across the state could see scattered power outages this afternoon and into Friday.
The state has given the Town of Colchester a green light for a Tax Increment Financing District within the Severance Corners Growth Center, a move that will assist the town’s development efforts there.