News
The Vermont Housing and Conservation Board announced today grant awards made by the Farm Viability Program to five meat, poultry and grain processing businesses totaling $65,000. Secretary of Agriculture Roger Allbee said, “With producers all over Vermont raising more grain, poultry and meat in response to the increasing demand for local foods, processing facilities are stretched to the limit.
This year s competition for the highly anticipated Deane C Davis Outstanding Business of the Year Award was impressive. Many Vermont businesses who applied for this prestigious award were worthy but only three could be named as finalists. This year s finalists are BioTek Instruments, Inc of Winooski, The Foley Family of Companies of Rutland, and Small Dog Electronics of Waitsfield.
Rock of Ages Corporation (NASDAQ:ROAC) announced today that the net loss for the first quarter of 2010 narrowed to $2,092,000, or $.28 per share, compared to a net loss of $2,774,000, or $.37 per share, for the first quarter of 2009. Revenue increased 26% to $7,511,000 from $5,938,000 for the first quarter of last year.
Green Mountain Coffee Roasters, Inc has announced that it has acquired Diedrich Coffee, Inc. (NASDAQ: DDRX) for $35 per share of common stock in cash, pursuant to a cash tender offer and a “short form” merger, in a transaction with a total value of approximately $300 million.
National Life Group announced today a biomass energy project that will meet 90 percent of the heating needs of its Montpelier campus while reducing the company's annual carbon footprint by 45 percent. The $2 million project, scheduled to be completed in late summer, is expected to cut National Life’s annual usage of heating oil from 210,000 gallons to about 30,000 gallons.
A statewide survey conducted for Vermont Business Magazine by a Stowe-based consulting firm identifies tax rates as the number one factor that could cause companies to leave Vermont. Conversely, there was consensus among survey respondents that Vermont's quality of life acts as a powerful incentive for businesses to settle and stay here.
Vermont Business Magazine and The Arno Group, LLC partnered to take a pulse of the Vermont business community. On February 10, 2010, we sent a survey to 3,100 businesses throughout Vermont and received 254 responses.
Vermont Governor Jim Douglas this morning announced that the Vermont Agency of Transportation (VTrans) will conduct a record amount of paving this construction season. VTrans will invest more than $100 million on paving this season for the first time in its history.
Attorney General Andrew M Cuomo today announced that his office is dedicating $500,000 to create a new grant program to help local farmers fight water pollution in Lake Champlain.
ECHO Lake Aquarium and Science Center, at the Leahy Center for Lake Champlain, has been recognized as “Best Aquarium” 2010 Editors’ Choice in Yankee Magazine’s Travel Guide to New England, on newsstands now. This designation is awarded by Yankee’s editors and contributors, who name select restaurants, lodgings, and attractions in New England to the exclusive list.
Alderman's Toyota has expanded their service center, built a used car center and a new state of the art car wash in Rutland Town.
The Vermont Agency of Transportation (VTrans) on Wednesday, May 12 will close the ramp connecting Interstate 89 South to Interstate 91 North. The ramp is being closed so that routine repairs can be conducted to a bridge that is part of the ramp. The closure, which will also affect how traffic from Route 4 accesses I-91 North, is expected to last three weeks.