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Weekly unemployment claims hold under 500

Fri, 02/16/2018 - 10:11am -- tim

Vermont Business Magazine Weekly unemployment claims are nearly unchanged over the last several weeks, after the tumult of the holidays subsided. For the week of February 10, 2018, there were 475 claims, 7 more than than they were the previous week and 79 fewer than they were a year ago. Altogether 6,040 new and continuing claims were filed, a decrease of 12 from a week ago, and 741 fewer than a year ago. For most weeks of 2017, including the last several months, claims have registered below the year before.

Leahy, Sanders react to failed immigration bill

Fri, 02/16/2018 - 9:36am -- tim

Vermont Business Magazine Senators Patrick Leahy (D-Vermont) and Bernie Sanders (I-Vermont) issued the following statements Thursday after the Senate voted on four immigration proposals. A bi-partisan bill failed to gather the 60 votes needed to advance (54-45). It would have provided a pathway for 1.8 million children of undocumented immigrants to gain citizenship, while also providing $25 billion for the Mexican border wall. Meanwhile, President Trump, who vehemently opposed the compromise bill, had his White House-supported bill defeated (39-60).

Governor signs net neutrality executive order for state contracting

Fri, 02/16/2018 - 7:11am -- tim

Vermont Business Magazine Governor Phil Scott on Thursday signed Executive Order No. 02-18, which directs the Agency of Administration to ensure that all state contracts with internet providers include net neutrality protections.The Democratic leadership welcomed with reservation the governor's order, but will continue to push for a more comprehensive net neutrality law. Their response issued Thursday evening is below.

Bad weather results in repaving of major Burlington roads

Fri, 02/16/2018 - 6:35am -- tim

Vermont Business Magazine The Burlington Department of Public Works (DPW) is expanding its 2018 paving list to repair road damage to North Avenue, Pine Street, Colchester Avenue and other severely weather-degraded major roadways. DPW has issued an addendum to its paving contract to address segments of impacted arteries and will begin the work as soon as weather conditions allow the asphalt plants to reopen (typically in April or early May). The Sustainable Infrastructure Bond, approved by voters in November 2016, doubled DPW’s annual paving contract.

Ski resorts prepare for deep snow

Fri, 02/16/2018 - 4:16am -- tim

Vermont Business Magazine February is shaping up to be a snowy month in Vermont, and Ski Vermont is reporting that ski and snowboard resorts are looking forward to an activity-packed Presidents’ Week. Pair the extensive snowmaking coverage at Vermont resorts with  Mother Nature, and the slopes will be in top condition for one of the most popular vacation periods of the season. Off-slope activities will be equally exciting during Presidents weekend with plenty of free live music, great food, parades, games and family activities.

Killington unleashes 2018 NOR’BEASTER unlimited spring pass

Fri, 02/16/2018 - 3:24am -- tim

Vermont Business Magazine Vermont’s Killington Resort, the largest ski and snowboard resort in eastern North America charges into spring with the NOR’BEASTER Spring Pass and a jam-packed event series as the longest season in the East extends towards Memorial Day and beyond. The 2018 NOR’BEASTER Spring Pass is available for $199*, providing skiers and snowboarders of all ages with unlimited spring skiing and riding from March 16 through June, or as far as Mother Nature will allow. The Spring Pass also unlocks access to live music, events and a 20% discount on Killington managed lodging beginning March 16 through the remainder of the 2017-18 winter season.

Camp Ta-Kum-Ta names four new board members

Fri, 02/16/2018 - 2:18am -- tim

Vermont Business Magazine Camp Ta-Kum-Ta in South Hero has announced the appointment of four new members of its Board of Directors. Joining the Board of Directors are Jane Donahue-Davis, Bob Lawrence, Meaghan Cormier and Tom Wyand. “All four of our newest Board members embody the spirit of community and bring talent, expertise and energy to the table. We are very fortunate to have them by our side as we continue to offer year-round programs to children who have or have had cancer and their families.” Hattie Johnson, Executive Director.

Citizens Bank selected best Treasury and Cash Management provider in region

Fri, 02/16/2018 - 1:47am -- tim

Vermont Business Magazine Global Finance selected Citizens Bank, with branches in Vermont, as best Treasury and Cash Management provider for the Northeast, Mid-Atlantic and Midwest regions in its 18th annual provider rankings -- a trio of honors that makes Citizens the most celebrated U.S. regional bank. Citizens has made significant investments in Treasury Solutions over the past several years.

House gives preliminary OK to consumer protection legislation

Thu, 02/15/2018 - 4:34pm -- tim

Vermont Business Magazine The House today preliminary approved H.764, the Data Broker and Consumer Protection Bill and H.624, the Statewide Voter Checklist Protection Bill. “It is a top priority for the House to ensure the security of Vermonters’ personal information and to protect them from identity theft,” said House Speaker Mitzi Johnson, speaking on both bills. “Both pieces of legislation take important steps forward for Vermonters and reflect the thoughtful collaboration of Vermonters and their legislators. Vermonters have the right to know who has access to their personal information. Vermonters shouldn’t have to pay fees to protect their personal information and they shouldn’t be forced to choose between their right to vote and protecting their privacy.”

Montpelier selects Putney artists for $50K Taylor Street project

Thu, 02/15/2018 - 4:32pm -- tim

Vermont Business Magazine The Montpelier City Council Tuesday night awarded Putney-based artists Rodrigo Nava and Gregory Miguel Gomez $50,000 to create a major work of public art, to be installed at the new One Taylor Street Transportation Center in the spring of 2019. The team’s design – a two-part installation involving a revolving stone bench and a split-flap counter – was chosen from among five designs presented to the public on January 31 by finalists selected from a pool of 24 applicants.

Vermont Gas proposed rate decrease would save customers $270 a year

Thu, 02/15/2018 - 1:57pm -- tim

Vermont Business Magazine Vermont Gas announced today it has asked the Public Utility Commission (Commission) to approve a 3.8 percent rate reduction beginning in November of this year. This decrease represents the net of a 14.8 percent decline in the natural gas charge, a 4 percent increase in the daily access and distribution charges, and a request to return $8.1 million of the System Expansion and Reliability Fund (“SERF”) back to customers through lower rates.

ISO: Electric supply good for now, future uncertain

Thu, 02/15/2018 - 12:33pm -- tim

By Timothy McQuiston Vermont Business Magazine New England has reduced its consumption of electricity dramatically since 2006 as well as its production of dangerous gases, according to ISO New England. The region also relies much more heavily on natural gas for generation than it did then. Thousands of megawatts of generation will go off-line in the coming years. New wind power will have a profound effect on the grid, while energy efficiency and storage will become official data points in the wholesale market. New England as a region has the highest electric rates in the nation.