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Q&A: Christine Hallquist

Sun, 09/23/2018 - 5:01pm -- tim

by James Dwinell Christine Hallquist already has made history and will need to make more to become Vermont’s next governor. The former CEO of Vermont Electric Cooperative and an engineer by education, Hallquist is the first transgender, major-party candidate for governor in the nation. But the Democratic contender also will need to reverse a near-60-year trend in Vermont. To beat Republican Governor Phil Scott, she’ll have to unseat an incumbent, which hasn’t happened here since 1962 when Phil Hoff beat Republican F Ray Keyser Jr. This article will also run in the October issue of Vermont Business Magazine. One on Phil Scott ran in the September issue.

Q&A: Phil Scott

Sun, 09/23/2018 - 5:00pm -- tim

by James Dwinell In his first reelection bid, Republican Governor Phil Scott is facing off against former Vermont Electric Cooperative CEO Christine Hallquist, the Democratic nominee. Scott received a spirited challenge in the primary, unusual for an incumbent in Vermont, largely because of his signing of legislation that tightened gun laws. The limit on magazine size, for instance, goes into effect October 1. He now faces reelection in a heavily Democratic state. This story was first published in the September print issue of Vermont Business Magazine. Hallquist will be featured in the October issue.

Northern Power delisted over financial failure, could close

Sun, 09/23/2018 - 11:00am -- tim

Vermont Business Magazine Northern Power Systems Corp (TSX: NPS), a Barre-based renewable energy and energy storage technology company, announced on September 20, 2018 that it had received a letter from the Toronto Stock Exchange (TSX) notifying the company that the TSX will delist the company’s securities, effective October 22, 2018. TSX imposed the delisting for the failure of the company to meet certain continued listing requirements of TSX. The TSX identified several deficiencies regarding the company’s compliance with the TSX continued listing requirements, including t

Sanders will address UVM Youth Rally for Climate Action on Monday

Sun, 09/23/2018 - 10:39am -- tim

Vermont Business Magazine US Senator Bernie Sanders (I-Vermont) will deliver remarks Monday morning during the University of Vermont’s Youth Rally for Climate Action. UVM students are hosting the Rally for Climate Action. Colleges and high school students from around the state are invited to attend. The goal will be to shed light on what Vermont colleges and high schools are doing to cut greenhouse gas emissions and lead climate education and action by example.

Bove’s cooks up new Flashback Friday dinners

Sun, 09/23/2018 - 2:42am -- tim

Bove’s of Vermont We have a big Bove’s announcement to make but before we get to that, we’d like to yield the floor to Governor Phil Scott who said, “For 75 years the Bove family has been synonymous with Italian food. Thousands of people experienced the great food offered at their Burlington restaurant – I being one of them when I attended UVM. When I first took the office I set the three guiding principles of my administration: to grow the economy, make Vermont more affordable and protect the most vulnerable.

Flurry of cautious optimism surrounds ski season for Wilmington and Dover

Sat, 09/22/2018 - 3:01pm -- tim

by Maia Segura, Vermont Business Magazine Mount Snow ski resort is getting ready to go big for the 2018-2019 ski season.  The final construction of an epic 42000 square foot, amenity-packed, base lodge is on track for the New Carinthia Lodge to open the first day of ski season. Also standing at the ready will be last year’s 220 new snow guns. Resort managers look forward to a powerful start to the season in November, with a little help from Mother Nature.

Vermont writers can win premier literary prize, but time is running out

Sat, 09/22/2018 - 3:24am -- tim

Vermont Buisness Magazine Green Mountain Power and Vermont Magazine are encouraging writers to enter to win one of the state’s great literary honors: The Vermont Writers’ Prize. Winning entries are published in Vermont Magazine’s March/April 2019 Issue. The prize is a collaboration between GMP and Vermont Magazine and is a chance for writers in Vermont to share their creativity, perspective and love for Vermont. The award was created as a way to honor Ralph Nading Hill, Jr, who was a Vermont historian, author, and long-time GMP Board member.

Porter Medical Center names Cotel chair, elects new slate of officers

Fri, 09/21/2018 - 3:42pm -- tim

Vermont Business Magazine The UVM Health Network Porter Medical Center (Middlebury) Board of Directors elected a new slate of officers at its monthly meeting in September. Elected to the position of board chairman was Sivan Cotel, the Co-Founder and Director of Operations for Stonecutter Spirits. A craft spirits veteran focused on growing startups into businesses, Sivan was previously the Chief Operating Officer and Chief Financial Officer of WhistlePig Whiskey.

Vermont gets $4 million to address opioid crisis

Fri, 09/21/2018 - 3:33pm -- tim

Vermont Business Magazine Senator Patrick Leahy (D-Vermont), Vice Chairman of the Senate Appropriations Committee, Friday announced that the Vermont State Agency of Human Services is receiving $4,020,896 from the Substance Abuse and Mental Health Services Administration. The funding is part of the State Opioid Response Grant program created as part of the Leahy-negotiated 2018 Consolidated Appropriations Act signed into law this spring.

PAI: Some encouraging signs, but household income is down

Fri, 09/21/2018 - 2:39pm -- tim

Public Assets Insitute Using the broadest measure of unemployment, Vermont and New Hampshire have the lowest jobless rates in New England. The U-6 unemployment rate includes people who stopped looking for work and those who have jobs but would prefer to work more hours. By this measure, which some call the real unemployment rate, Vermont and New Hampshire were at 6.2 percent for the 12 months ending June 2018. Meanwhile, Vermont’s official unemployment rate, U-3, which only counts people without jobs who are actively seeking work, remained at 2.8 percent in August.

Unemployment holds at 2.8 percent in August, but jobs down

Fri, 09/21/2018 - 12:01pm -- tim

by Timothy McQuiston, Vermont Business Magazine The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for August was 2.8 percent. This reflects no change from the revised July rate. The national rate in August was 3.9 percent, also unchanged. However, employment fell sharply for the month. The rate was unchanged because the labor force also decreased. The number of unemployed Vermonters rose slightly.