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New Champlain Bridge to cost $67 million

Thu, 11/12/2009 - 6:30am -- tim

Consultants to the New York State Department of Transportation have concluded that the Champlain Bridge would cost too much money and could be a less safe option and would take longer than razing the vital link between Vermont and New York and building a new one. The cost would likely be in excess of $67 million and take about two years to build.

USDA Rural Development invested over $130.9 million in rural Vermont during FY 2009

Thu, 11/12/2009 - 5:16am -- tim

Rhonda Shippee, Acting State Director for USDA Rural Development in Vermont is pleased to announce the investment of over $130.9 million in rural Vermont during Fiscal Year 2009. “With over 46 programs supporting infrastructure, broadband, homeownership, home preservation, business development, energy conservation and renewable energy, Rural Development’s traditional funding along with Recovery Act dollars, we are pleased to share how these investments will be used in Vermont.” said Shippee.

Sanders announces $32,500 for photovoltaics at Lyndon State College

Wed, 11/11/2009 - 12:51pm -- tim

In an afternoon press conference today in the Thaddeus Fairbanks Science Wing at Lyndon State College, Senator Bernie Sanders announced a US Dept. of Energy grant to the college in the amount of $32,500. The grant will be used to support the building and installation of a 5 kilowatt solar array on the Lyndon campus. The cost of the project is projected to be about $50,000 and will be undertaken by students in the college’s Sustainability Studies program under the direction of Professor Ben Luce.

Green Mountain Coffee Roasters reports 65 percent growth

Wed, 11/11/2009 - 12:35pm -- tim

Related Company: Green Mountain Coffee Roasters, IncGreen Mountain Coffee Roasters, Inc, (NASDAQ: GMCR) today announced its results for the quarter and year ended September 26, 2009, reporting outstanding top and bottom line growth for both periods. Net sales for the fourth quarter of fiscal 2009 were up 65% to $222.2 million as compared to $134.8 million reported in the fourth quarter of fiscal 2008.

Wisconsin fan wins Ben & Jerry's 'Do The World A Flavor' contest

Wed, 11/11/2009 - 9:45am -- tim

Ben & Jerry’s has once again turned a fan’s flavor dream into a sweet reality with the “Do The World A Flavor” competition. Wisconsin resident, Toni Gunnison, concocted a caramel ice cream with praline almonds and a caramel swirl. The flavor, which integrates Fair Trade almonds, was named “Almond Delight” by its creator.

Vermont's October revenue figures slightly below target for month, above for YTD

Tue, 11/10/2009 - 1:15pm -- tim

Secretary of Administration Neale F Lunderville released the October 2009 General Fund Revenues today. General Fund revenues totaled 88.22 million for October 2009, -$0.14 million or -0.16% below the $88.36 million consensus revenue forecast for the month. Year to date, General Fund revenues of $351.22 million were +$5.95 million and +1.72% above the year to date FY 2010 target.

Foliage season up over last year, businesses cautiously optimistic for holidays

Tue, 11/10/2009 - 11:00am -- tim

The Vermont Chamber Hospitality Council recently polled its members about the economy and the upcoming holiday season. Businesses saw a strong foliage season this year and indicated that business was up over the same period last year; a sign that Vermont companies are coming out of the economic recession.  Two-thirds said that regional events helped bring in business. Of those businesses that host meetings or events, about two-thirds also said that business was either flat or up over the same period last year, especially for family-related events such as weddings and reunions.

Vermont economic downturn near 'bottom,' recovery will be slow

Tue, 11/10/2009 - 10:51am -- tim

Economic & Policy Resources of Williston, in conjunction with the New England Economic Partnership, has issued its November 2009 economic forecast for the state of Vermont, which indicates that while the economic downturn will bottom out in the fourth quarter of this year, jobs will decline through the second quarter of 2010 and economic growth will not return to normal levels until at least 2011.
Forecast in Brief
The November 2009 Vermont forecast for NEEP expects the Vermont economy to

Four drug companies agree to pay Vermont Medicaid $110,643 for alleged submission of false claims

Tue, 11/10/2009 - 10:00am -- tim

Attorney General William Sorrell has announced that Vermont has joined with other states and the federal government and reached agreement with four pharmaceutical companies that paid a total of $124 million to resolve claims that they violated the False Claims Act by failing to pay appropriate rebates for drugs that were paid for by Medicaid. As a result of the settlements, Vermont received a check for $110,643 this week.

Bolton Valley Resort becomes first Vermont ski area to utilize on-site wind turbine

Tue, 11/10/2009 - 9:15am -- tim

Related Company: Bolton Valley ResortBolton Valley Resort has become the first ski area in Vermont and only the second in the nation to utilize wind power from an on-site wind turbine. Bolton Valley commissioned its 100 kilowatt wind turbine, located at the top of the resort’s Vista Quad lift. It will produce the equivalent of electricity consumed annually by 40-to-45 Vermont homes.