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VSAC, state treasurer offer plan to lower college loan costs in Vermont

Tue, 05/24/2016 - 3:50pm -- tim

Vermont Business Magazine Vermont Student Assistance Corp and State Treasurer Beth Pearce today announced that $4 million in local investment financing will be directed to lower the fixed rates on Vermont Advantage loans for parents and students, starting at 4.8 percent, the lowest rates ever offered. Nearly 70 percent of Vermonters pursuing a bachelor’s degree have student loans; the average loan debt for a college senior is about $29,000.

McClaughry: A post-mortem on the 2016 Legislature

Tue, 05/24/2016 - 3:11pm -- tim

by John McClaughry The 2016 legislative session is now history, and it’s worthwhile to assess its production. My criteria include preserving fiscal responsibility, advancing liberty, limiting government, and thwarting various hungry special interests. The basic facts are readily available from the thorough reporting by VTDigger.org. First, the Legislature managed to balance the FY2017 General Fund budget, once again by raising taxes and fees by $28 million.

UVM study reveals potential to boost immunity to flu

Tue, 05/24/2016 - 1:22pm -- tim

Vermont Business Magazine A relatively unknown molecule that regulates metabolism could be the key to boosting an individual’s immunity to the flu – and potentially other viruses – according to research reported today in the journal Immunity. The study(link is external), led by University of Vermont (UVM) College of Medicine doctoral student Devin Champagne and Mercedes Rincon, PhD, a professor of medicine and an immunobiologist, discovered that a protein called methylation controlled J – or MCJ – can be altered to boost the immune system’s response to the flu.

Vermont firefighters get nearly $700,000 in federal grants

Tue, 05/24/2016 - 12:49pm -- tim

Vermont Business Magazine Vermont’s congressional delegation – Senator Patrick Leahy, Senator Bernie Sanders and Representative Peter Welch – announced today that firefighters throughout Vermont will receive $679,285 through three federal grants. The three grants include $500,000 for a firefighting training simulator at Vermont Firefighting Academy in Pittsford; $142,858 for breathing apparatus for 20 firefighters in Bellows Falls; and $36,427 for firefighting hose and nozzles for firefighters in Springfield.

Vermont seniors have 15th-largest income gap

Tue, 05/24/2016 - 9:51am -- tim

Vermont Business Magazine Vermont has the 15th-largest gap between senior citizens’ incomes and 45-64 year-olds’ incomes, according to a new Bankrate.com report. Financial experts’ rule of thumb is that retirees need 70 percent of the income that they earned during their working years. Vermont fell well short: Residents who are 65 and older have a median annual income that’s just 57 percent of the median annual income earned by the state’s 45-64 year-olds.

UVM Medical Center food service director wins highest industry honor

Tue, 05/24/2016 - 9:29am -- tim

Vermont Business Magazine Diane Imrie, the University of Vermont Medical Center’s director of Nutrition Services, has received a prestigious “Silver Plate Award” from the International Foodservice Manufacturing Association (IFMA). The award, commonly referred to as the “Oscars” of the food service industry, recognizes Imrie’s leadership in developing a model program to deliver high-quality, healthy and sustainably-produced food to the hospital’s patients and visitors.

UVM Medical Center remains in top national ranks for supply chain excellence

Tue, 05/24/2016 - 4:16am -- tim

Vermont Business Magazine Vizient, Inc, the largest member-owned health care company in the US, has chosen the University of Vermont Medical Center to receive its President’s Award of Honor for performance-related achievements in supply chain during 2015.  To qualify for the President’s Award, organizations must be winners in at least two subcategories, which in the case of UVM Medical Center were overall supply chain excellence and sustainability excellence. The only other winner of the President’s award is the Yale New Haven Health System.

UVM to host cannabis speaker series Webinar starting May 25

Tue, 05/24/2016 - 3:42am -- tim

Vermont Business Magazine The University of Vermont is organizing a free, online cannabis speaker series featuring five academic experts in medicine, botany, business, and policy. The series, presented by UVM Continuing and Distance Education and the UVM College of Medicine, will be May 25, June 8, June 22, and July 13. Featured speakers—all from UVM—include Monique McHenry, PhD, Karen Lounsbury, PhD, Kalev Freeman, MD, PhD, Wolfgang Dostmann, PhD, and Willy Cats-Baril, PhD.

Gail Sheehy urges UVM Class of 2016: 'Dare to care'

Mon, 05/23/2016 - 5:24pm -- tim

Vermont Business Magazine Famed author Gail Sheehy spun out a commencement address to the University of Vermont's Class of 2016 that transported her audience back to the UVM alumna's own college days in the late 1950s, put them on the presidential campaign trail in 1968, and dared to ponder the essential definition of humanity in our technological age. Putting a new spin on French philosopher Rene Descartes' famous phrase "I think, therefore I am," Sheehy told the grads, "Today, we may better define what sets us apart as humans with a different declaration: 'I care, therefore I am.' Caring may be the key to establishing the unity of mankind."

VEDA approves $6.8 million in economic development financing

Mon, 05/23/2016 - 4:44pm -- tim

Vermont Business Magazine The Vermont Economic Development Authority (VEDA) announced tdoay that it has approved financing of $6.8 million to help Vermont economic development projects totaling $21.4 million move forward. “VEDA is pleased to help Vermont businesses and farms bring their startup and expansion plans to fruition,” said VEDA CEO Jo Bradley.  “The breadth of economic development projects approved for VEDA financing is impressive, covering everything from manufacturing to farm projects, small business startups and energy generation projects.”

Scott, Benning, Turner call for halt in exempt appointee transfers

Mon, 05/23/2016 - 4:39pm -- tim

Vermont Business Magazine In response to reports of Governor Shumlin’s Administration trying to transfer exempt appointees into full-time classified positions, Lieutenant Governor Scott, Senator Joe Benning (R-Caledonia) and Representative Don Turner (R-Milton) wrote the following letter  to Vermont Department of Human Resources Commissioner Maribeth Spellman requesting an immediate halt to any such action.

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