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Vermont gets $28 million in tobacco settlement

Thu, 03/15/2018 - 3:50pm -- tim

Vermont Business Magazine Attorney General TJ Donovan announced a settlement today with major tobacco companies in connection with the “Master Settlement Agreement” (MSA) that will bring approximately $28 million to Vermont. The Attorney General was joined by Governor Phil Scott, State Treasurer Beth Pearce, House Speaker Mitzi Johnson and President of the Senate Tim Ashe. Vermont lawmakers also announced their intention to use half of the settlement funds to combat the opioid epidemic in Vermont.

New Rutland Regional office building named for Huebner

Thu, 03/15/2018 - 1:59pm -- tim

Vermont Business Magazine In spite of snowy weather conditions Wednesday evening, over 150 local community members and luminaries gathered together for Rutland Regional Medical Center’s 2018 Annual Corporators Meeting and Retirement Celebration for President and CEO Tom Huebner. Following the regular board business and remarks by Vermont Governor Phil Scott, bigger news emerged. Rutland Regional Health Services and Rutland Regional Medical Center Board Chair John W Casella announced that in honor of Tom’s 28 years of unwavering leadership, vision, and dedication, they would name Rutland Regional’s newest facility-The Thomas W Huebner Medical Office Building.

Tax revenues OK despite unknowns

Thu, 03/15/2018 - 1:12pm -- tim

by Timothy McQuiston Vermont Business Magazine Administration Secretary Susanne Young is cautiously optimistic that tax revenues will stay ahead of expectations. The caution comes from uncertainty from both technological and federal policy changes. General Fund revenues collected for the month of February totaled $106.46 million, -$0.80 million below the consensus cash flow expectation of $107.26 million for the month. The Transportation Fund collected $18.44 million for the month of February, +$0.52 million ahead of its $17.91 million target. The Education Fund collected $15.12 million for the month, $1.13 million ahead of the consensus target of $13.99 million.

State barn and historic preservation grants awarded to 33 projects

Thu, 03/15/2018 - 12:47pm -- tim

Vermont Business Magazine Governor Phil Scott recognized the recipients of 16 State Historic Preservation Grants and 17 Barn Preservation Grants at a ceremony held at the State House Thursday. The 33 grants, totaling $461,899 were awarded to municipalities, non-profit organizations and private barn owners in 13 Vermont counties to repair and rehabilitate public buildings and agricultural landmarks.

Phil Scott praises House passing H906

Thu, 03/15/2018 - 12:27pm -- tim

Vermont Business Magazine Governor Phil Scott on Wednesday issued the following statement in response to the House passing H906, an act relating to professional licensing for service members and veterans: “In my State of the State Address, I outlined a legislative package that would help grow our economy, make Vermont more competitive with other states and expand our workforce, while supporting the Vermont National Guard and honoring those who have bravely served our country in the armed forces."

U-Haul partners with Benoit’s Towing & Recovery

Thu, 03/15/2018 - 12:24pm -- tim

Vermont Business Magazine U-Haul Company of New York and Vermont, Inc has announced that Benoit’s Towing & Recovery LLC has signed on as a U-Haul® neighborhood dealer to serve the Waterbury Center community. Benoit’s Towing & Recovery at 2731 Waterbury-Stowe Road will offer U-Haul trucks, trailers, towing equipment, moving supplies and in-store pick-up for boxes.

Rich Grogan named executive director of Community Capital of Vermont

Thu, 03/15/2018 - 11:40am -- tim

Vermont Business Magazine Community Capital of Vermont has identified its next Executive Director. Rich Grogan comes to Community Capital with a background of working in and with small businesses as an employee, academic, business advisor, and since 2015, State Director of the New Hampshire Small Business Development Center. Community Capital is a statewide, nonprofit community-based lending organization whose mission is to help small businesses and lower income entrepreneurs prosper by providing flexible financing and business coaching.

Vermont DPS to meet March 22 with Nuclear Decommissioning Citizens Advisory Panel

Thu, 03/15/2018 - 11:15am -- tim

Vermont Business Magazine The Public Service Department today announced the next meeting of the Nuclear Decommissioning Citizens Advisory Panel will be held on Thursday, March 22, 2018, from 6:00 PM to 9:00 PM in the Multipurpose Room at Brattleboro Union High School, 131 Fairground Rd, Brattleboro, VT.  (Please note that this is a different location than many recent Panel meetings.)

Vermont ranks number 10 in getting best bang for tax buck

Thu, 03/15/2018 - 10:53am -- tim

Vermont Business Magazine It’s tax season and Americans across the country are more interested than ever in knowing that their tax dollars are going to good use; and in some places around the country, those dollars are worth more than in other locations. RewardExpert today released a report analyzing States With The Best and Worst Value for Your Tax Dollars. Vermont finished number 10 in the nation, with Alaska best and Hawaii worst. As for the lower 48 states, New Mexico was best and North Dakota worst. New Hampshire was 46th. The list (see below) does not run along typical blue-state/red-state political lines, as tax rankings typically do.

Laughing Man Coffee and Hugh Jackman inspire consumers to support farmers

Thu, 03/15/2018 - 8:35am -- tim

Vermont Business Magazine Laughing Man Coffee, part of Vermont-based Keurig Green Mountain, Inc, has announced a brand refresh and new marketing campaign, “Make Every Cup Count,” to celebrate its mission to deliver premium coffee and give back to the farmers who produce it. Anchored by a national marketing campaign, Laughing Man Coffee has unveiled an updated logo, revamped brand packaging, a new recyclable pod format, and expanded availability and varieties.

Rutland's Same Sun moves into larger space

Thu, 03/15/2018 - 4:47am -- tim

Vermont Business Magazine Same Sun of Vermont, Vermont’s premiere solar design and installation company has moved from 24 Center Street to 141 West Street in Rutland. “After seven years, we had outgrown our Center Street space and were ready to enter into a long-term arrangement with MKF Properties,” said Marlene Allen, co-owner of Same Sun. “Mark Foley was able to accommodate our desire to maintain our ground-floor identity.”

Casella Waste System announces remarketing of VEDA solid waste disposal revenue bonds

Wed, 03/14/2018 - 4:32pm -- tim

Vermont Business Magazine Casella Waste Systems, Inc (NASDAQ:CWST), a regional solid waste, recycling and resource management services company based in Rutland, today announced two transactions relating to certain of its industrial revenue bonds, including its VEDA and FAME bonds.