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Weekly unemployment claims up over last year

Fri, 03/09/2018 - 12:09pm -- tim

Vermont Business Magazine Weekly unemployment claims were up again last week and have risen above claims from the same time last year. For the week of March 3, 2018, there were 889 claims, 147 more than than they were the previous week and 104 more than they were a year ago. Altogether 6,456 new and continuing claims were filed, an increase of 374 from a week ago, but 841 fewer than a year ago. For most weeks of 2017 and into 2018 claims fell below the year before. This could reflect a transition from winter tourism season with the early onset of warmer weather. The coming weeks will show whether this is so, or if claims are trending up.

VFN gets $15,000 grant from Doug Flutie Jr Foundation for Autism

Fri, 03/09/2018 - 3:08am -- tim

Vermont Business Magazine Vermont Family Network has announced that it has received a $15,000 grant from the Doug Flutie Jr Foundation for Autism. This funding makes it possible for us to support families whose children have autism with grants of up to $200 to address family-identified needs such as respite, summer camp, or specific training/supports.

Vermont celebrates March snowstorm with weekend events

Thu, 03/08/2018 - 4:45pm -- tim

Vermont Business Magazine The weather has been kind to Vermont’s ski resorts and trails this March, with 6-12 inches of snow expected to reach the state and more snow in the long-range forecast. The heavy snowfall, combined with an ongoing stretch of consistent weather, will ensure that conditions for skiing, riding, and other winter sports will be excellent this spring. Vermont ski resorts are celebrating the March 8th snowstorm with weekend events that celebrate winter, family, and Vermont’s outdoor recreation lifestyle.

Burlington responds to National School Walkout Day

Thu, 03/08/2018 - 4:42pm -- tim

Vermont Business Magazine In response to National School Walkout Day, set to occur at schools across the nation from 10– 0:17 am on March 14, the Burlington School District has issued the following statement: “At Burlington School District, we support this national student movement towards safe and inclusive schools. Our students are engaged in critical thinking to empower student voice.

GlobalFoundries Vermont wins environmental award

Thu, 03/08/2018 - 2:57pm -- tim

Vermont Business Magazine National Pollution Prevention Roundtable board member Rick Reibstein traveled from Boston to Vermont this week and visited GLOBALFOUNDRIES to recognize the company for winning the 2017 Most Valuable Pollution Prevention ( MVP2 ) award. All GF employees receiving the award work at the GF Vermont facility. They included: Dan Wildermuth, Eric Lemire, Ruma Kohli, Jonathan Grohs, Randy Austin, Jim Densmore, Christopher Magg, Dan Hill, Louis Kindt and Shaun Crawford.

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.