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Institute says Vermont has lost 6 percent of private sector jobs

Tue, 11/03/2009 - 6:05am -- tim

The first year of the recession hit hard in Vermont's private sector, especially in construction and manufacturing. About 6 percent of private sector jobs have disappeared since the recession started nearly two years ago. But the losses have also spread to the public sector in 2009, as state government made cuts to reduce state spending. The administration is on track to reduce the number of state jobs by more than 8 percent by the end of the year — eliminating a total of over 700 positions.

Vermont to get $60,000 in affordable housing grants from TD Charitable Foundation

Tue, 11/03/2009 - 5:59am -- tim

The TD Charitable Foundation announced today the 56 winners of its annual Housing for Everyone grant competition. Award winners will receive a total of $2 million in grants to support affordable housing initiatives from Maine to Florida, a $500,000 increase in program awards from 2008. Among the awardees are three Vermont organizations which will receive a total of $60,000.

New study offers first demographic picture of same-sex spouses

Mon, 11/02/2009 - 10:04am -- tim

The Williams Institute for Sexual Orientation Law and Public Policy at UCLA Law issued a report today analyzing newly released data from the US Census Bureau. The study examines data from the 2008 American Community Survey (ACS).
For the first time, the Census Bureau has released data in which same-sex couples who refer to one another as "husband" or "wife" are differentiated from those who refer to one another as "unmarried partners." This study is the first to examine the difference and similarities among same-sex couples and married different-sex couples in the ACS.

Vermont legislative leaders request energy summit

Mon, 11/02/2009 - 9:55am -- tim

Senate President Peter Shumlin and Speaker Shap Smith today sent a letter to Senator Cummings, Chair of Senate Finance, and Representative Klein, Chair of House Natural Resources and Energy, requesting that they hold a meeting to analyze Vermont's wholesale electricity market.  The legislative leaders had set a deadline of November 1 for Entergy to offer a new power contract for Vermont Yankee. That deadline has now passed without a contract offer.

Central Vermont Public Service seeks 5.91 percent rate increase

Mon, 11/02/2009 - 5:19am -- tim

Central Vermont Public Service (NYSE-CV) has asked the Vermont Public Service Board to authorize a 5.91 percent rate increase under the company’s alternative regulation plan, which would leave the company’s rates among the lowest of the major utilities in New England.
The change would take effect with bills rendered starting Jan. 1, 2010. 

BestWeek: Competition among insurance domiciles heats up

Mon, 11/02/2009 - 4:37am -- tim

Competition among domiciles is heating up as many countries and US states vie to host insurance companies and their related business, according to the November 2 BestWeek US/Canada. Regulating insurers is a good business for governments. Insurance business brings jobs without pollution and boosts tax revenue. In 2007, Vermont, the top captive domicile in the United States, and third-largest in the world, said its busy captive market brought in just about as much revenue as the state lottery.

VTrans, NYDOT abandon Chipman's Point as site for temporary bridge

Fri, 10/30/2009 - 12:15pm -- tim

New York State Department of Transportation (NYSDOT) Acting Commissioner Stanley Gee and Vermont Agency of Transportation (VTrans) Secretary David Dill today announced that the states will not explore the crossing between Putnam, Washington County, New York, and Chipman’s Point, Addison County, Vermont, as a potential temporary bridge site.  The states also advised motorists, pedestrians and boaters to avoid the closed Lake Champlain Bridge as a safety hazard. 

Bushways Slaughterhouse closed over alleged animal welfare violations

Fri, 10/30/2009 - 7:47am -- tim

Statement of Agriculture Secretary Roger Allbee regarding alleged animal welfare violations at Bushways Slaughterhouse: “The United States Department of Agriculture (USDA) and the Vermont Agency of Agriculture today suspended their respective licenses and thereby ceased operations at the Bushways Slaughterhouse facility in Grand Isle, Vermont.

General Dynamics awarded $13 million by US Army to produce MK19 grenade machine guns

Fri, 10/30/2009 - 7:43am -- tim

General Dynamics Armament and Technical Products has been awarded a $13 million order by U.S. Army TACOM-ARDEC for the production of MK19 grenade machine guns. Deliveries are expected to begin in June 2010 and will be completed by late 2011. The order was made under a contract initially awarded in September 2008, and brings the total contract value to date to approximately $81 million. General Dynamics Armament and Technical Products is a business unit of General Dynamics (NYSE: GD).

Merchants Q3 report shows net increase

Fri, 10/30/2009 - 7:15am -- tim

Merchants Bancshares, Inc (NASDAQ: MBVT), the parent company of Merchants Bank based in Burlington, Vermont, has announced net income of $3.71 million and $8.68 million, or diluted earnings per share of $0.61 and $1.42, for the quarter and nine months ended September 30, 2009, respectively. This compares with net income of $3.31 million and $8.85 million, or diluted earnings per share of $0.55 and $1.46, for the third quarter and first nine months of the previous year, respectively.

Champlain Bridge commuters still face long trips, expenses eased with free bus and ferry services

Fri, 10/30/2009 - 7:06am -- tim

Commuters and residents traveling between Addison County and New York now have several options for getting to and from their workplace or residence. All public transportation services are now free, minimizing the financial impact for many workers and employers. However, long travel times still exist for many. Below is a summary of the services currently in operation. More details and links to schedules are available at the website the Addison County Chamber of Commerce is maintaining: www.crownpointbridgeupdates.com

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