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Norwich University crowned champion of NASA 2018 BIG Idea engineering design challenge

Thu, 03/08/2018 - 2:42pm -- tim

Vermont Business Magazine In a fierce competition against four other contenders, Norwich University emerged as the winning team in NASA's third Breakthrough, Innovative and Game-changing (BIG) Idea Challenge. The University of Colorado Boulder team was awarded second place. In this engineering design competition, NASA enlists university teams from across the nation to develop creative solutions to some of the agency's most relevant challenges. 

Phil Scott elected chair of Coalition of Northeastern Governors

Thu, 03/08/2018 - 1:56pm -- tim

Vermont Business Magazine The bipartisan Coalition of Northeastern Governors (CONEG) met in Washington, D.C. recently and unanimously elected Governor Phil Scott as chair for 2018. CONEG – which includes governors from Connecticut, Maine, Massachusetts, New Hampshire, New York and Rhode Island – is a non-partisan association of the Northeast states, encouraging intergovernmental cooperation on issues affecting the economic, social and environmental well-being of the Northeast.

Quebec losing ground in maple syrup production to Vermont

Thu, 03/08/2018 - 12:13pm -- tim

by Timothy McQuiston Vermont Business Magazine While the Fédération des producteurs acéricoles du Québec (FPAQ) is struggling with substantial levels of unsold inventory, there has been a significant increase in Quebec's imports of maple syrup, almost all from the United States, according to a report issued today by the MEI. Since the FPAQ started controlling both production and marketing, Quebec has been losing ground to its competitors. Between the start of the 2000s and today, the province has experienced the slowest growth in maple syrup production in all of North America (60%), far behind Maine (131%), New Brunswick (179%), and Vermont (254%).

New England’s wholesale electricity prices in 2017 were second-lowest since 2003

Thu, 03/08/2018 - 5:47am -- tim

Vermont Business Magazine New England’s wholesale electricity prices in 2017 were the second-lowest in 15 years, following 2016, which holds the record for the lowest average annual price since 2003, according to ISO New England Inc, the operator of the region’s bulk power system and wholesale electricity marketplace. Reduced costs are attributed to generally more mild weather, lower natural gas prices and a decline in consumer demand.

Vermont Yankee deal gives state more financial peace of mind

Thu, 03/08/2018 - 5:24am -- tim

Vermont Business Magazine The state of Vermont has gained more financial assurances from the current and potential future owner of the Vermont Yankee nuclear power plant in Vernon. In exchange, further legal action will cease. If regulators approve of the deal and the sale, it will move up the scheduled decommissioning of the site by about 40 years.

CVHHH, Sugarbush and Chez Henri Bistrot partner to host 30th annual Chez Henri Cup

Thu, 03/08/2018 - 2:53am -- tim

Vermont Business Magazine Central Vermont Home Health & Hospice (CVHHH) has partnered with Sugarbush Resort and Henri Borel of Chez Henri Bistrot in Warren to host the 30th Annual Chez Henri Cup. New this year, CVHHH will be the sole beneficiary of event proceeds. Borel, who turned 91 in February, is a fixture of the Mad River Valley community. The race and raffle, which stretches over two days, starts with a cheese fondue party at the bistro on Friday evening and ends with a late-season race, raffle, and awards reception on Saturday afternoon.

Vermont's small towns tend to have more 'democraticness'

Wed, 03/07/2018 - 4:34pm -- tim

Vermont Business Magazine Vermont's smaller towns are more likely to have held on to a traditional town meeting and their residents tend to participate in the democratic process more often. For 30 years University of Vermont political scientist Frank Bryan and his students attended more than 1,500 Vermont town meetings, cataloging more than 230,000 individual acts of participation – commenting, voting, raising hands, by more than 60,000 citizens – documenting Vermont’s town meeting as an authentic and meaningful form of direct democracy.

Pownal’s Botzow and Rutland’s Mullin receive Vermont Economic Advancement Award

Wed, 03/07/2018 - 3:41pm -- tim

Vermont Business Magazine Vermont Representative Bill Botzow (D-Pownal) and former Vermont Senator Kevin Mullin (R-Rutland) were recognized by the Vermont Agency of Commerce and Community Development (ACCD) on February 21st for their commitment to enacting policies aimed at growing Vermont’s economy.

Sanders calls for review of Pentagon waste, 'outrageous' pay for contractor CEOs

Wed, 03/07/2018 - 3:25pm -- tim

Vermont Business Magazine At a Senate Budget Committee hearing Wednesday, Senator Bernie Sanders (I-Vermont), the ranking member of the committee, questioned the massive compensation packages of top defense contractor CEOs and demanded that the Pentagon end its waste and abuse of taxpayer funds following years of reports of fraud and mismanagement.

VSAC: 3,800 students risk losing millions in state grants

Wed, 03/07/2018 - 12:32pm -- tim

Vermont Business Magazine Vermont Student Assistance Corp, joined by school guidance counselors, business leaders, parents and students, are calling on lawmakers to preserve the use of the Vermont State Grant at institutions of higher education outside Vermont. Legislation introduced in Montpelier would change a 50-year-old, time-honored policy that allows portability of the grants. If it is adopted, thousands of middle- and lower-income students and families will be denied access to educational opportunities they may no longer be able to afford.

Amtrak backs off from Vermont service suspension threat, apologizes

Tue, 03/06/2018 - 5:36pm -- tim

by CB Hall Vermont Business Magazine Reacting to an abundance of angst among interested parties in Vermont, Amtrak is backing away from a threat to suspend all service to the state. “Right now we have no plans to cease any service on any route,” Amtrak's Bill Hollister told VBM on February 28. Vermont's congressional delegation has indicated its displeasure with the threat, voiced by Amtrak CEO Richard Anderson at a US House subcommittee hearing February 15.