Vermont Business Magazine Champlain College will host five pre-college programs this summer from its hillside campus overlooking Burlington and Lake Champlain. The summer institutes offer high school students a chance to dive into a subject they are considering majoring in and to experience life on a college campus, according to Peter Straube, Champlain's strategic events producer.
Vermont Business Magazine Weekly unemployment claims are less than half what they were three weeks ago and are running slightly lower than last year, as post-holiday employment levels returned to a more typical level. The holidays produce wild swings in these numbers, as retailers, especially, hire then lay off workers in short order. By industry, Construction again reported the most claims last week 36 percent of all claims, but were actually lower in number than the previous week (243 vs 310). In an average week, Services usually record the most claims.
by Timothy McQuiston Vermont Business Magazine Vermont Business Magazine learned this week that Citizens Bank is closing its Poultney and Castleton branches. According to the Valley News from December 3, Citizens will close its White River Junction branch February 17, citing growing use of online and mobile banking.
Vermont Business Magazine Citizens Financial Group, Inc (NYSE: CFG), with approximately 20 branches across Vermont, today reported fourth quarter net income of $282 million, or $0.55 per diluted common share, up 28% and 31%, respectively, from $221 million and $0.42 per diluted common share in fourth quarter 2015.
Vermont Business Magazine When tens of thousands of families and businesses count on you every day to deliver their power - no interruptions and no exceptions - reliability is everything. Hence the name: Northern Reliability, the newest member of the Vermont Community Loan Fund’s (VCLF) family of borrowers.
Vermont Business Magazine Vergennes Union High School in Vergennes has been named the Vermont state winner in the Samsung Solve for Tomorrow Contest, a program that encourages teachers and students to solve real-world issues in their community using classroom skills in science, technology, engineering, arts and math (STEAM). Vergennes Union High School is among the nation’s 51 state winners (representing all 50 states and Washington, D.C.) and will receive $25,000 in technology with a chance to become one of the 10 national finalists.
Vermont Business Magazine United Way of Northwest Vermont has announced the hiring of Swanton resident and organizational management consultant Molly Lambert as Interim Executive Director. She replaces former Executive Director Martha Maksym, who resigned her position with United Way of Northwest Vermont on January 5 to serve as Deputy Secretary of the State of Vermont Agency of Human Services.
Vermont Business Magazine Vermont's unemployment rate fell one-tenth last month, but the better news was that both the labor force and the number of employed both increased, while the number of unemployed fell. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for December was 3.1 percent. This reflects a decrease of one-tenth of one percentage point from the revised November rate (3.2 percent). The national rate in December was 4.7 percent, up one-tenth.
Vermont Business Magazine Gardener’s Supply Company is being honored with a national, “2017 Green Thumb Award,” by the Direct Gardening Association for its innovative new product, “Plant-a-Bar.” Gardener’s Supply said in a statement that Plant-a-Bar is an ingenious combination of an outdoor bar and an elevated planter – so you can serve a drink with a sprig of fresh herbs picked an arms-length away.
Vermont Business Magazine Governor Phil Scott today announced the appointment of Sarah George as Chittenden County State’s Attorney. George has served as the County’s Deputy State’s Attorney since 2011, where she prosecuted thousands of cases, including aggravated assault, domestic violence, attempted murder and murder.
by Timothy McQuiston Vermont Business Magazine State economists downgraded on Thursday Vermont’s current fiscal year tax revenue expectations as well as next year’s (FY 2017 & FY 2018) and largely blamed the suddenly moribund Corporate Income tax. The Corp tax is below its target by over $9 million halfway through FY17. Economists Tom Kavet and Jeff Carr expect the total shortfall for the year to be $24.6 million for the state’s General Fund when all factors are figured in. Governor Phil Scott wondered whether even that was too rosy a projection.
by CB Hall Vermont Business Magazine Representatives of Vermont's solar industry are for the most part looking to the future with cautious optimism, hoping that the established nature of the no-longer-novel industry will serve as a bulwark against policies that the administration of President Donald Trump, with its skeptical view of renewable energy, might impose.