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What are those fancy railroad cars doing in Burlington?

Wed, 09/20/2017 - 4:58pm -- tim

by C.B. Hall & Timothy McQuiston, Vermont Business Magazine One of the more noteworthy trains to visit Burlington in recent memory arrived in the city's South End Monday. Pulled by two Amtrak locomotives, 18 privately owned passenger cars reached the Queen City, at the midpoint of a long excursion through New York State and New England, for the annual convention of the American Association of Private Railroad Car Owners (AAPRCO).

Burlington Telecom bids released of over $30 million

Wed, 09/20/2017 - 2:33pm -- tim

Vermont Business Magazine Mayor Miro Weinberger revealed today today the Letters of Intent and details regarding the Burlington Telecom bid finalists. The one local bidder KBTL ("Keep Burlington Telecom Local") was the lowest bidder and came with strings attached that the head of the advisory board believes are not viable going forward. The bid from the Canadian company Ting was $27.5 million; Schurz from Indiana was $30.8 million; and KBTL was $12 million, with $10.5 million in cash and another $10 million in debt at 14 percent interest. All the bidders offered a way for the city to retain a minority stake in the "new" BT. KBTL would run the fiber-based telecom as a co-op, which would include current subscribers. BT provides Internet, phone and television service.

Lyndonville entrepreneur builds sports streaming empire in Vermont

Wed, 09/20/2017 - 2:30pm -- tim

Small Business Administration Tucked away on the back side of a building on Depot St. in Lyndonville, VT, the founder of a small business sits in his office trying to figure out how his company is going to cover more than 3,000 sporting events this coming school year. On average that equals out to be eight games a day. On September 29, Northeast Sports Network is slated to cover and stream 29 different games. It is quite the leap for an online sports network that started out in a basement in 2006.

FirstLight completes acquisition of Finger Lakes Tech

Wed, 09/20/2017 - 1:56pm -- tim

Vermont Business Magazine FirstLight, a leading fiber-optic bandwidth infrastructure services provider operating in the Northeast, announced today that it has completed the acquisition of Finger Lakes Technologies Group. FirstLight acquired Bellows Falls-based Sovernet last March. This latest acquisition is just one of several that FirstLight has successfully completed during the last twelve months, as FirstLight acquired and combined operations with both Oxford Networks and Sovernet Communications and also announced the acquisition of 186 Communications, which is pending regulatory approval. Financial terms of these transactions were not disclosed.

VTrans gets $480,000 in federal funds for electric buses

Tue, 09/19/2017 - 4:42pm -- tim

Vermont Business Magazine Vermont’s congressional delegation announced Tuesday that the Vermont Agency of Transportation (VTrans) will receive a $480,000 federal grant from the US Department of Transportation to purchase two electric buses that will be used by Green Mountain Transit in Burlington. In June, the Vermont delegation wrote to Transportation Secretary Elaine Chao in support of the grant.

Vermont AG seeks documents from opioid manufacturers and distributors

Tue, 09/19/2017 - 1:46pm -- tim

Vermont Business Magazine Attorney General TJ Donovan announced today that a bipartisan coalition of 41 attorneys general from across the country have expanded their demands for information and documents from both the manufacturers and the distributors of prescription opioid drugs. Recent efforts by the bipartisan coalition of attorneys general represent an expansion into the investigation of the nationwide opioid epidemic.

King Arthur Flour has donated one million meals to Feeding America

Tue, 09/19/2017 - 8:31am -- tim

Vermont Business Magazine In August, King Arthur Flour celebrated a milestone achievement in the launch of its line of Essential Goodness baking mixes: the donation of more than one million meals to Feeding America with its Buy a Mix, Give a Meal program. Introduced in summer 2016, the mission behind the Essential Goodness baking mixes is an extension of King Arthur Flour’s broader mission: To share the joy of baking, and in doing so, build stronger communities and increase access and connection to real foods across the United States.

Green Mountain United Way kicks off 2017-18 community campaign

Tue, 09/19/2017 - 4:11am -- tim

Vermont Business Magazine Green Mountain United Way celebrates the community and the spirit of Giving with their Annual Kickoff Breakfast and Volunteer Day on Thursday, September 21 in downtown Barre. Local community, business, and nonprofit leaders will join Green Mountain United Way’s staff and board at 7:30 am for the breakfast, held this year at the Blanchard Block’s 3rd floor in downtown Barre to hear keynote speaker Ted Brady, Deputy Director at the Agency of Commerce and Community Development.

Aspenti hosts Patient Appreciation Day in celebration of National Recovery Month

Tue, 09/19/2017 - 3:01am -- tim

Vermont Business Magazine Aspenti Health, an innovative, comprehensive clinical drug testing lab, will be hosting a Patient Appreciation Day at their Burlington Patient Service Center on September 25 in celebration of National Recovery Month. In alignment with Recovery Month’s theme of strengthening families and communities, Aspenti will bring their patient community together by hosting lunches for patients and their families.

Weekly unemployment claims fall to 306

Mon, 09/18/2017 - 4:55pm -- tim

Vermont Business Magazine Weekly unemployment claims fell marginally last week but remain at a low level. Claims had been falling steadily since early July. Claims also are lower than they were the same time last year, which has been the case for most weeks in 2017. For the week of September 9, 2017, there were 306 claims, 4 fewer than than they were last week and 73 fewer than they were a year ago.

Altogether 2,752 new and continuing claims were filed, a decrease of 586 from a week ago, and 458 fewer than a year ago.

GMP crews help restore power to thousands in Georgia

Mon, 09/18/2017 - 4:44pm -- tim

Vermont Business Magazine After almost a week helping restore power to thousands of people in Georgia, Green Mountain Power crews are returning to Vermont. The team of more than 30 lineworkers, supervisors, and mechanics left Tuesday, Sept. 12, and are set to arrive in Vermont tomorrow morning. They helped set new poles, make repairs to downed lines and replace broken poles. The storm left an incredible amount of damage, and at this point nearly all residents in Habersham County have power back on, where the team was working.