News
Federal agencies have awarded two Vermont telecommunication organizations a total of $47.1 million in federal economic recovery grants to build fiber optic networks that will help form the core of Vermont’s broadband network. The new funds will be used to wire ‘anchor institutions’ across the state and bring high-capacity, lightning-fast, affordable broadband bandwidth closer to end users.
Vermont and other New England states will face increasing pressure on pension plans as their populations get older and, consequently, they retire at an increasing rate. By 2030 in Vermont, 38 percent of the population will be 60 or older, the second highest in New England next to Maine’s 40 percent. The national average at that time will have climbed to 33 percent.
Chittenden Bank, Vermont's largest bank, will be changing its name to People's United Bank on July 17 after 106 years of representing the Vermont county's name. People's United, based in Connecticut, bought Chittenden Bank in 2008, making Chittenden a division of People's United in January 2009.
In testimony to be filed July 2, the Vermont Natural Resources Council asserts that groundwater pollution at the Vermont Yankee nuclear power plant violates the state’s recently-enacted groundwater public trust law.
Kelliher Samets Volk was awarded the Yankee PRSA’s 2010 Summit Award for its successful public relations campaign utilizing social media on behalf of client Stowe Mountain Resort.
The chief executives of Vermont’s leading businesses appear increasingly optimistic toward all three of the survey’s metrics: sales prospects, capital expenditures and employment levels for the summer months and fall months, when compared against first quarter 2010 forecasts.
Kimbell Sherman Ellis, LLP, (KSE) a national government affairs and strategic communications firm, announced today a joint venture with Anya Rader Wallack, founder and president of Arrowhead Health Analytics of Fall River, MA.
Michael R. Tuttle, President and CEO of Merchants Bank, today announced that Merchants Bancshares, Inc, the parent company of Merchants Bank, was ranked 12th among the “Top 200 Community Banks,” as published in the June 2010 issue of US Banker Magazine. US Banker Magazine publishes an annual ranking of community banks based on their three-year average return on equity.
Vermont Senators Patrick Leahy (D) and Bernie Sanders (I) and Representative Peter Welch (D) reported Wednesday that Vermont local governments are set to receive $896,432 for Payments in Lieu of Taxes (PILT) – the federal payments to local governments that help compensate communities for nontaxable federal lands within their boundaries.
The office of the Vermont Attorney General has approved a new plan for closing Intervale Compost Products (ICP) in Burlington, averting an order that would have closed the facility yesterday. The deal allows for the current facility to remain in operation for a year, until a new, $1.25 million covered-facility in Williston comes on line.
For the week of June 26, 2010, there were 1,111 new regular benefit claims for Unemployment Insurance, an increase of 8 from the week before. Altogether 10,363 new and continuing claims were filed, an increase of 152 from a week ago and 4,225 fewer than a year earlier.
Gifford Medical Center’s fifth annual Last Mile Ride will rev into a town near you on Saturday, August 21st. The annual charity motorcycle ride benefits Gifford patients at the end-of-life or in advanced illness.