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NEK Economic Development Initiative/EB-5 projects progress report

Sun, 05/03/2015 - 6:59am -- tim

The April Northeastern Vermont Development Association progress report offers the following updates to the EB-5 development projects under way in the northeastern part of the state. AnC Bio Vermont: Developers will begin construction on the 84,000-square-foot bio-tech research and manufacturing facility on May 14, 2015. The Peak CM Construction project is expected to take 14-16 months.       

Q Burke Mountain Resort - Construction Updates

$10.5 million drywall class action settlement announced over alleged price fixing

Sun, 05/03/2015 - 5:07am -- tim

The following statement is being issued by Block & Leviton LLP, Finkelstein Thompson LLP and Green & Noblin PC regarding the Drywall Antitrust Litigation. If you purchased Wallboard INDIRECTLY from one or more of the companies listed below, your rights may be affected by proposed Settlements. Proposed class settlements totaling $10.5 million have been reached with two Defendants in In re Domestic Drywall Antitrust Litigation, MDL No. 2437 and 13-MD-2437, pending in the US District Court for the Eastern District of Pennsylvania.

Vermont Tech students take 1st place in SEI student design competition

Sat, 05/02/2015 - 5:30am -- tim

Vermont Tech is pleased to announce that a team comprised of Alyshia Jones from Randolph, VT, David Cacciamani from Hyde Park, VT and William A. Moore IV of Milton, VT placed first in the American Society of Civil Engineers’ Structural Engineering Institute’s (SEI) Student Design Competition. All three individuals are 2014 graduates of the Architectural Engineering Technology Bachelor’s program at Vermont Tech.

Vermont high schools tested on financial literacy, $3,000 first prize

Sat, 05/02/2015 - 4:40am -- tim

This is the seventh year that the Vermont State Treasurer’s Office has held the finance tournament for high schools to select a Vermont Treasury Cup Challenge champion. The purpose of the competition is to promote student interest in and knowledge of personal finance, economics and consumer affairs topics. Four-person student teams will compete against each other in a quiz-show style contest that tests individual and team knowledge.

Vermont granite featured in sophisticated landscaping throughout New England

Sat, 05/02/2015 - 3:05am -- tim

Melting snow and drying mud: It’s the time of year when everything rises to the surface. As spring takes center stage throughout New England, homeowners and contractors alike are using Vermont granite to beautify, reinforce, and redirect the forces of a long winter. Garden accents, courtyards, pool areas, outdoor dining patios, and walkways in neighboring states are the product of Swenson Granite Company LLC, the parent company of Rock of Ages Corporation in Barre, Vermont.

Governor signs bill on gun possession

Fri, 05/01/2015 - 2:53pm -- tim

by Anne Galloway and Morgan True Vermont Governor Peter Shumlin has signed legislation designed to keep guns away from dangerous criminals and people with severe mental illness. The governor has said that he doesn’t believe Vermont would benefit from new gun laws, but Friday he called the bill he signed a “shadow” of what was originally introduced, and said that it “makes common sense changes.”

Estate gift of $1 million to establish endowed scholarship for UVM students from Monkton

Fri, 05/01/2015 - 2:26pm -- tim

Kenneth Wheeling, the former director of the Shelburne Museum, has established a new UVM scholarship exclusively for Vermont students from Monkton, Vermont. The gift was made in honor of Wheeling’s late parents, Kenneth John Wheeling and Loretta Marie Wheeling. The estimated value of this endowment is $1 million.

“I owe them. I owe them big time,” Wheeling says of his mother, and his father – a doctor who practiced OBGYN at Saint Francis Hospital in Port Jervis, NY. “They saw that I got educated, and my brothers and sisters. And who remembers?”

Weekly unemployment claims jump again to over 1,000

Fri, 05/01/2015 - 2:19pm -- tim

Vermont Business Magazine Weekly unemployment claims continue to spike and for the week of April 25, 2015, surpassed 1,000 for the first time this year. The transition from the end of the winter recreation season is resulting in a seasonal increase in unemployment claims. There were 1,087 new, regular benefit claims for Unemployment Insurance in Vermont, an increase of 107 from the previous week's total and 101 more than they were a year ago. Claims had been running below last year's numbers.

Green Mountain Power to offer Tesla home battery

Fri, 05/01/2015 - 11:27am -- tim

Green Mountain Power, based in Colchester, Vermont, announced Friday that it will be one of the first energy companies in the country to offer Tesla's new home battery, the Powerwall, to customers. Tesla, best known for its groundbreaking, fully electric cars, is taking its electric energy storage expertise to the next level with this energy storage solution for the home. Tesla is marketing the Powerwall from  $3,500 (10 kWh for backup applications) to $3,000 (7 kWh for daily cycle applications).

SBA disaster loan deadline in Vermont is June 1

Fri, 05/01/2015 - 11:04am -- tim

The US Small Business Administration (SBA) is reminding small businesses, small agricultural cooperatives, small aquaculture businesses and most private nonprofit organizations located in Caledonia, Essex, Orange, Windham and Windsor counties in Vermont that June 1, 2015, is the deadline to apply for a working capital disaster loan as a result of extreme temperature fluctuations, excessive cold, frosts and freezes from Dec. 1, 2013, through April 30, 2014.        

Hundreds expected at 11:30 today for International Workers’ Day rally and march in Montpelier

Fri, 05/01/2015 - 11:01am -- tim

On May 1st, International Workers’ Day, hundreds of people from Vermont’s labor, disability rights, climate justice, migrant justice, and human rights movements will rally and march on the Vermont State House. March begins at 11:30 am at Montpelier City Hall. Participants will march to State House for a rally on the lawn.

Gaz Métro closes $135 million private equity offering

Fri, 05/01/2015 - 10:58am -- tim

Montreal-based Gaz Métro inc (GMi), as General Partner of Gaz Métro Limited Partnership (Gaz Métro), has announced that Gaz Métro completed an equity offering by issuing by way of a private placement 8,181,818 new units from its treasury at a price of $16.50 per unit to GMi and Valener Inc. (Valener), pro rata based on their respective share of units outstanding, for aggregate gross proceeds of $135 million. The proceeds of the offering will be used for the re-establishment of its capital structure and for its general corporate purposes.