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Three positions open on VEC board of directors

Sun, 02/10/2019 - 1:16pm -- tim

Vermont Business Magazine The Vermont Electric Cooperative (VEC) is seeking petitions from eligible candidates for three seats on its twelve-member board of directors. Elections will conclude during VEC’s Annual Meeting of the Membership on Saturday, May 11 at Jay Peak Resort. Every year co-op members elect local representatives to serve on the board. Directors participate in setting policies and mak­ing decisions and are expected to represent the interests of the VEC membership. Terms are for four years.

2-1-1 Day on February 11 celebrates human service number

Sun, 02/10/2019 - 4:51am -- tim

Vermont Business Magazine February 11th  has been designated National 2-1-1 Day, in recognition of the free, confidential, easy-to-remember phone number that serves 95% of America's population and connects some 16 million Americans a year to critical information, resources, and services. Since its inception in 2005, Vermont 2-1-1 responded to over 450,000 calls/texts/emails providing Vermonters with 401,151 referrals to health and human services throughout the state and beyond.

Opinion: No more kicking the can down the road, fund clean water now

Sun, 02/10/2019 - 4:15am -- tim

Vermont Business Magazine These days, it’s nice to have issues we can all agree on – like the need for clean, safe water for all Vermonters. Unfortunately, clean water is not something we can take for granted in Vermont right now. More than one hundred of Vermont’s rivers, streams, lakes, and ponds, in every part of the state, are impaired due to water pollution. Polluted waters are resulting in cyanobacteria outbreaks, beach closures, loss of property value, and damage to our outdoor recreation and tourism economies. We’re already feeling the impacts of inadequate investments in clean water.

ReArch donates $30,000 to Vermont Foodbank

Sat, 02/09/2019 - 1:19pm -- tim

Vermont Business Magazine The ReArch Company, Inc, based in South Burlington, has announced a $30,000 donation to the Vermont Foodbank. ReArch is committed to philanthropy and one of the missions that we support is helping to fight hunger across Vermont. The Vermont Foodbank is leading this charge; therefore, ReArch has pledged $30,000 over the next three years to help them implement this meaningful mission.

News in Brief, January 2019

Sat, 02/09/2019 - 11:13am -- tim

Vermont Business Magazine Green Mountain College trustees voted January 23 to close the Poultney college following commencement in May. The surprise announcement was made at an all-college meeting. Economists added $11 million to expected tax revenues for FY2019. Labor force falls again, jobless rate holds at 2.7 percent. Entergy completes sale of Vermont Yankee to NorthStar. Brattleboro paper company sold, jobs saved. And more...

Weekly unemployment claims up after downward trend

Sat, 02/09/2019 - 10:47am -- tim

Vermont Business Magazine Weekly unemployment claims increased for the first time this year. For the week of February 2, 2019, there were 692 claims, 164 more than they were the previous week, and 224 more than they were a year ago. The holiday season usually sees wild swings in claims, as retailers in particular hire and layoff workers in spikes in November and December and then claims quiet down in January, but have now jumped the first full week in February.

Ford Foundation President Darren Walker to give UVM commencement address

Fri, 02/08/2019 - 1:57pm -- tim

Vermont Business Magazine Darren Walker, president of the Ford Foundation, will be the University of Vermont’s 2019 commencement speaker. Walker has served as president of the foundation, an internationally renowned philanthropic organization, since June 2013. Among many successes in his career, he chaired the philanthropy committee that brought a positive resolution to the city of Detroit’s historic bankruptcy and is co-founder and chair of the U.S. Impact Investing Alliance.

2019 Vermont personal income tax season now open

Fri, 02/08/2019 - 1:43pm -- tim

Vermont Business Magazine The 2019 Vermont personal income tax season has opened. The IRS and the State of Vermont began accepting income tax returns on Jan. 28. This year, the federal and state due date for returns and requests for extensions is April 15. Many of the changes come as a result of Act 11, Vermont’s response to the 2017 federal Tax Cuts and Jobs Act (TCJA), which became law during the 2018 special legislative session and prevented a $30 million income tax increase.

Routine environmental inspections unearth underground storage tank violations

Fri, 02/08/2019 - 12:59pm -- tim

Vermont Business Magazine In February, the Department of Environmental Conservation (DEC) of the Vermont Agency of Natural Resources concluded legal action against two Vermont entities that failed to perform and record monitoring of commercial underground storage tanks (USTs), as required by the Vermont Underground Storage Tank Rules. During routine inspections in July 2018, the Agency discovered violations of the UST Rules at the Williamstown Town Garage and at Cunningham’s Full Service Station, LLC, in Canaan.

UVM names Garimella as only finalist for president

Fri, 02/08/2019 - 11:15am -- tim

by Brandon Arcari, Vermont Business Magazine The University of Vermont announced Monday a finalist candidate to replace Tom Sullivan as its president. Sullivan, who plans to step down in Summer of 2019, is likely to be replaced by Suresh Garimella, who currently serves as Executive Vice President for Research and Partnerships at Purdue University. He is also a PhD in mechanical engineering.

Garimella is the only finalist for the position.