News
Almost $12 million was awarded today to help Vermont doctors and hospitals move from paper records to state-of-the-art computerized medical records. The US Department of Health and Human Services awarded the Vermont Department of Human Services more than $5 million. Another $6.8 million will go to Vermont Information Technology Leaders, Inc.
Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, reported net income for the year ended December 31, 2009 of $1,780,380, or $1.74 per share compared to $2,027,744 or $1.99 per share for the same period in 2008.
The administration of Burlington Mayor Bob Kiss attempted to edit a report on Burlington Telecom's financial situation before it was made public on Wednesday. The committee which drafted the report did not include the suggested changes in the final version.
Senator Patrick Leahy (D-VT) on Thursday said he will introduce legislation to address the US Department of Labor’s new rules that exclude the dairy industry from eligibility for certification in the seasonal agricultural worker program, called H-2A visas.
Now that Vermont has had to start borrowing federal money in order to pay unemployment checks, the Vermont Senate Economic Development committee is working to reform the state's bankrupt unemployment fund. The committee is trying to strike a balance between the financial burden of the reform on employers and labor.
Secretary of Administration Neale F. Lunderville released the January 2010 General Fund Revenues today. January is the 7th month of FY 2010. General Fund revenues totaled $114.25 million for January 2010, -$5.41 million or -4.52% below the $119.66 million consensus revenue forecast for the month.
Despite plans to return this spring, AirTran Airways will not be serving Burlington International Airport this year. According to a story in the Burlington Free Press, AirTran informed airport officials of its decision last week, citing a lack of equipment and too many other commitments.
In an effort to attract more Canadian travelers, Plattsburgh International Airport will use federal subsidies to fly larger planes to Boston, according to a story in the Burlington Free Press. The upgrade presents competition to Burlington International Airport, which currently does not offer direct service to Boston.
Weekly unemployment claims fell last week, continuing a downward trend since a spike at the end of 2009. For the week of February 6, 2010, there were 947 new regular benefit claims for Unemployment Insurance last week, a decrease of 125 from the week before. Altogether 14,826 new and continuing claims were filed, a decrease of 135 from a week ago and 1,968 fewer than a year earlier.
Raising Vermont's cigarette tax by $1 per pack would bring in $6.7 million in new annual revenue to help close the state's budget shortfall, while also reducing smoking and saving lives, according to a national report released today by a coalition of public health organizations.
Burlington attorneys David J. Sylvester and William J. Dodge, directors at Downs Rachlin Martin PLLC, have assumed new leadership positions within the firm: Sylvester as chair of the Business Law Practice Group and Dodge as recruiting director. The announcement was made recently by the firm’s managing partner, Paul H. Ode, Jr.
Ben & Jerry s CEO and VP Global Brand Development, Walt Freese, has decided to resign from the company to pursue other values-led business and investment opportunities. At the company s request, Walt has agreed to continue to lead Ben & Jerry s and support a seamless transition until his exit at the end of March.