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King Arthur Flour named 2016 Employee-Owned Company of the Year

Tue, 05/31/2016 - 3:23pm -- tim

Vermont Business Magazine King Arthur Flour, an employee-owned company headquartered in Norwich, Vermont, was named the 2016 ESOP (Employee Stock Ownership Plan) Company of the Year by The ESOP Association. The award was presented at the Association’s 39th Annual Conference in Washington, DC on May 18, and accepted by several employee-owners on King Arthur Flour’s Ownership Culture Team. The award recognizes a company that shows a strong commitment to employee ownership—which includes promoting employee participation, wealth creation, and individual dignity and worth. 

UVM trustees approve 3 percent tuition hike, 7.7 percent financial aid increase

Tue, 05/31/2016 - 12:25pm -- tim

Vermont Business Magazine At its May meeting, the UVM Board of Trustees approved a three percent tuition increase, and continued its commitment to offset rising tuition by increasing financial aid 7.7 percent. Approximately one-half of all tuition increases goes toward increasing financial aid. As a result, the net revenue tuition increase is only about 1.5 percent for FY 2017. For instance, this year financial aid gifts lowered the sticker price for tuition, fees and room and board for Vermont students from $27,918 to $18,469 with 43 percent of in-state students paying no tuition. Board materials show that UVM has the next to lowest average tuition and fees increase (3.1 percent) over the past three years among a set of comparator private and public colleges and universities. The board also approved an FY 2017 general fund budget of $348.5 million.

Union Bank parent elects slate of directors, officers at annual meeting

Tue, 05/31/2016 - 12:07pm -- tim

Vermont Business Magazine Union Bankshares, Inc (NASDAQ – UNB) has announced the results of voting at the Company’s 125th annual meeting of shareholders held on May 18, 2016. Approximately 87.74 percent of the Company’s outstanding shares of stock were represented at the meeting. Incumbent directors Steven J Bourgeois, Kenneth D Gibbons, John M Goodrich, Timothy W Sargent, David S Silverman, John H Steel, Schuyler W Sweet, and Neil J Van Dyke were reelected to a one-year term.

Shumlin signs law to help 50,000 Vermonters struggling to pay overdue traffic fines

Tue, 05/31/2016 - 11:46am -- tim

Vermont Business Magazine Governor Peter Shumlin today signed a law to help Vermonters who have had their license suspended and seen the debt pile up to the point where, in many cases, they can no longer afford to pay the fines to get back on the road legally. It is estimated that around 50,000 Vermonters have suspended licenses due to failure to pay non-criminal traffic fines. The governor signed the law just over a year after he and Chittenden County State's Attorney TJ Donovan launched a series of Driver Restoration Days to help Vermonters in this situation. The new law

E. Berton Whitaker named Interim CEO of Gifford Health Care

Tue, 05/31/2016 - 11:16am -- tim

Vermont Business Magazine E. Berton (Bert) Whitaker has been named interim CEO of Gifford Health Care in Randolph. He will be working with Gifford’s board of directors and Sr. Leadership team until a permanent chief executive is in place. A national search to replace former CEO Joseph Woodin, who left after 17 years at Gifford, is anticipated to take six to eight months. Whitaker, who is from Chattanooga, TN, was selected from a pool of eight applicants. He holds a master’s degree from the University of Kentucky and is a Fellow in the American College of Health Care Executives.

Vermont food producers take home sofi gold

Tue, 05/31/2016 - 10:59am -- tim

Vermont Business Magazine Once again Vermont specialty food producers shone brightly at the annual sofi Awards bringing three golds back to the Green Mountain State.  The sofi Awards, which stands for “specialty outstanding food innovation,” are the most prestigious awards in the specialty food industry and honor excellence across a variety of food categories, from vinegars to vegan snacks. Vermont’s winners were Big Picture Farm, Jan’s Farmhouse Crisps, and Vermont Creamery.

Iconic Stowehof Inn & Resort sold

Tue, 05/31/2016 - 9:47am -- tim

Vermont Business Magazine The Stowehof Inn & Resort in Stowe has been sold to an affiliate of Saltaire Properties Inc, according to Four Seasons Sotheby’s International Realty, which helped broker the sale. Terms of the deal were not released. The Stowehof Inn & Resort is a well known landmark in the Stowe community situated on 26 acres high upon a hill with views of Mount Mansfield and the Green Mountains. The Edson Hill Road Inn was built in 1949 by eccentric architect Larry Hess, who was instrumental in developing the Inn into one of the most unique, old world style Inns in the United States. The Inn was used as the setting for an Alan Alda film, "The Four Seasons," in 1981. Until this recent sale the Inn was owned by the Grimes family. Saltaire specializes in acquiring and repositioning mid-sized independent hotels in cultural, coastal and mountain markets with an emphasis on an authentic sense of place, design quality, and customer experience. In Vermont, Soltaire also owns The Shire in Woodstock.

Southwestern Vermont Medical Center earns 'A' for patient safety

Tue, 05/31/2016 - 3:44am -- tim

Vermont Business Magazine Southwestern Vermont Medical Center (SVMC) received an “A” ranking for hospital safety from the Leapfrog Group, a national patient safety watchdog which operates in conjunction with the Robert Wood Johnson Foundation. The hospital safety scores assign A, B, C, D and F letter grades to hospitals nationwide and aim to provide a complete picture of patient safety in the U.S. health care system.

Support and Services at Home (SASH) model called a ‘success story’

Tue, 05/31/2016 - 3:36am -- tim

Vermont Business Magazine A report released Monday, May 23rd by the Bipartisan Policy Center (BPC) says the U.S. is on the verge of a “major expansion of its senior population.” The report holds that most older adults want to age independently in their homes and communities, yet most homes and communities can’t safely and affordably accommodate this desire.

Five major-party candidates will meet for 'Kingdom County debate, June 29

Mon, 05/30/2016 - 7:10pm -- tim

Vermont Business Magazine The Kingdom County Forum, an Irasburg citizens’ group, today (May 30) announced the Kingdom County Debate, to be held in Irasburg on Wednesday, June 29 at 6 p.m. Candidates Matt Dunne, Peter Galbraith, Bruce Lisman, Sue Minter and Phil Scott, the major-party candidates for Vermont governor, have all agreed to take part in the debate.

Reporter Jon Margolis, a former Chicago Tribune reporter and current political columnist for VTDigger, who now lives in Barton, will serve as moderator.

Smith: Why we remember

Mon, 05/30/2016 - 10:37am -- tim

by Mike Smith Jack Squires was a coal miner’s son, a mother’s favorite and a husband to a then 24-year-old wife and father to a 4-year old daughter.  He was a Navy SEAL who had survived harrowing missions in the Vietnam War. Jack earned a Bronze Star for his bravery and a Presidential Citation for his heroics.  He was my friend and a teammate. 

Middlebury graduates celebrate hot times

Mon, 05/30/2016 - 10:31am -- tim

Vermont Business Magazine Thousands of friends and family members gathered on a glorious Sunday morning, May 29, to celebrate the awarding of bachelor’s degrees to the 517 members of the Middlebury College Class of 2016. On a sunny day in the Champlain Valley that felt more like midsummer than springtime, the graduates endured temperatures in the high-80s and heard an inspiring 16-minute address from Van Jones, the noted environmentalist and activist for social justice who served in the Obama Administration as a special advisor and currently is a CNN commentator.