News
Vermont Electric Power Company’s recently completed bond sale earned the best results in the nation since the credit crisis struck two years ago and will save electricity customers millions. VELCO’s $135 million issuance of First Mortgage Bonds will refinance short term indebtedness necessary for construction of electric grid reliability projects.
Central Vermont Public Service has filed an agreement with the Vermont Department of Public Service that, if approved by the Public Service Board, will govern the level of company staffing in customer rates over the next five years.
Governor Jim Douglas today urged Legislative leaders to make property tax reform a top priority next session. If left unaddressed, rates will skyrocket a staggering $0.22, an increase of more than 25% in the next three years.
There were 1,802 new regular benefit claims for Unemployment Insurance last week, an increase of 492 from the week before. Altogether 11,845 new and continuing claims were filed, an increase of 435 from a week ago and 1,217 more than a year earlier.
Sonnax Industries has recently contracted to install a solar photovoltaic power generation system at the company headquarters in Bellows Falls, Vermont. The 102 kilowatt installation, contracted with groSolar of White River Junction, Vermont, represents an investment of more than half a million dollars.
The Small Business & Entrepreneurship Council (SBE Council) today released its 14th annual rankings of the states according to their public policy climates for small business and entrepreneurship in the "Small Business Survival Index 2009: Ranking the Policy Environment for Entrepreneurship Across the Nation." (Access the SBSI 2009 report and map of the states by visiting
Kaplan EduNeering, a leading provider of compliance and knowledge management solutions, and Seventh Generation, a pioneer and leader in sustainability, announced the launch of their new Sustainability Institute.
Washington County Senator Phil Scott, a Republican, has announced that he will be running for Lieutenant Governor in 2010. He gave the following speech surrounded by a large crowd of supporters:
Green Mountain Coffee Roasters, Inc announced that yesterday it submitted an enhanced proposal to acquire Diedrich Coffee, Inc for $35 per share in cash pursuant to a cash tender offer, in a transaction with a total value of approximately $290 million.
Governor Jim Douglas today announced a comprehensive economic development plan to maximize the use of American Recovery and Reinvestment Act (ARRA) dollars allocated to Vermont through the State Fiscal Stabilization Fund (SFSF).
Senate President Pro Tem Peter Shumlin and Speaker Shap Smith, joined by members of the Addison County delegation, today spoke of the need for an economic assistance package for businesses and farmers effected by the Crown Point Bridge closure. The closing of the bridge has caused businesses and farmers to lose thousands of dollars in what is already an incredibly difficult economic time.
Related Company: Renewable NRG Systems Inc.US Representative Peter Welch announced Tuesday that Vermont business leader Jan Blittersdorf has been selected to take part in the White House Forum on Jobs and Economic Growth.