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Vermont Department of Financial Regulation approves AnC Bio’s updated private placement memorandum

Wed, 04/01/2015 - 8:34am -- tim

The partnership responsible for developing the Jay Peak Biomedical Research Park, commonly known as AnC Bio Vermont, announced Tuesday evening that its updated private placement memorandum has been approved by Vermont’s Department of Financial Regulation (DFR). The state’s EB-5 Regional Center had asked AnC Bio to suspend its marketing and offering efforts while the developers updated all of the project’s documents to come into compliance with new review standards being implemented for all of Vermont’s EB-5 projects.

Northern Power Systems sales more than double for year

Wed, 04/01/2015 - 8:26am -- tim

Northern Power Systems Corp (TSX:NPS), a next generation renewable energy technology company based in Barre and notable for its wind turbines, has announced financial results for its fourth quarter and year ended December 31, 2014. Revenue more than doubled to $56.5 million, a 174 percent increase over revenue of $20.6 million reported in 2013. Net loss for fiscal year 2014 was $7.9 million, a 44 percent reduction compared to a $14.1 million loss in 2013.

Central Vermont Medical Center honored with Governor’s Award for Worksite Wellness

Wed, 04/01/2015 - 3:34am -- tim

The University of Vermont Health Network – Central Vermont Medical Center (UVMHN-CVMC) received the 2014 Governor’s Excellence in Worksite Wellness Award from the Vermont Governor’s Council on Physical Fitness and Sports. The award recognizes Vermont employers who have made healthy behaviors a priority. The vision of UVMHN-CVMC’s wellness committee is “To improve the health and well-being of the CVMC community through health education and activities that will support positive lifestyle changes, resulting in improved productivity and morale, and decreased health care costs.” 

Vermont Business Conditions Survey results show neutral outlook

Tue, 03/31/2015 - 3:39pm -- tim

While the latest statewide survey of Vermont CEOs shows continued optimism in the state's economic future, that optimism has waned. Lisa Ventriss, President of Vermont Business Roundtable (VBR) and Jeffrey Carr, President, Economic & Policy Resources (EPR), announced today the 1st Quarter results of their joint initiative, the VBR-EPR Business Conditions Survey. The survey, which is conducted quarterly, provides both a look back at the previous quarter and a predictive index going forward.

Republican Governors Association will pay $40,000 penalty for Vermont campaign finance law violations

Tue, 03/31/2015 - 1:17pm -- tim

The Republican Governors Association will pay a penalty of $40,000 for campaign finance law violations during the 2010 gubernatorial campaign and file corrected campaign finance reports listing contributions it received and expenditures it made in connection with the 2010 gubernatorial election, according to a settlement announced today by Attorney General Bill Sorrell.

Study: Vermont’s very small school districts experience higher costs, lower academic opportunities

Tue, 03/31/2015 - 11:27am -- tim

Bruce D Baker, Professor in the Department of Educational Theory Policy and Administration in the Graduate School of Education at Rutgers, The State University of New Jersey, and Wendy I Geller, Data Administration Director at the Vermont Agency of Education, jointly published a research brief exploring efficiency and equity in Vermont public schools, the Agency announced today. in part, the brief states that, "Very small Vermont school districts face both elevated costs & elevated tax rates."

Vermont manufacturing jobs declined 1.3 percent in 2014

Tue, 03/31/2015 - 10:48am -- tim

Vermont Business Magazine Vermont manufacturing employment declined slightly in 2014, according to Illinois-based Manufacturers’ News, Inc. According to data collected by MNI, Vermont lost 605 industrial jobs, or 1.3 percent, from December 2013 to December 2014, in contrast to the 1.7 percent national average gain reported by the Labor Department for the same time period. Manufacturers’ News reports Vermont is now home to 1,363 manufacturers employing 43,777 workers.

BioTek nominated for Department of Defense’s top employer award

Tue, 03/31/2015 - 9:27am -- tim

BioTek Instruments been nominated for the 2015 Secretary of Defense Employer Support Freedom Award (commonly referred to as the "Freedom Award") by the Employer Support of the Guard and Reserve (ESGR), a Department of Defense (DoD) office. The Freedom Award is the highest recognition given by the DoD to employers for their support of National Guard and Reserve members.

On behalf of the Secretary of Defense, ESGR runs the annual award program, which has presented the honor to 205 employers since 1996.

Norris Cotton Cancer Center at Dartmouth redesignated as NCI 'Comprehensive Cancer Center'

Tue, 03/31/2015 - 8:04am -- tim

The National Cancer Institute (NCI) has renewed its Cancer Center Support Grant to Norris Cotton Cancer Center (NCCC) at Dartmouth, continuing NCCC's designation as a Comprehensive Cancer Center. "Comprehensive Cancer Center" is the top designation given by NCI for the highest quality patient care, cancer research, cancer prevention, and education of oncologists and researchers. NCCC is one of only 41 NCI-designated Comprehensive Cancer Centers in the United States and is the only such center in New Hampshire or Vermont.

Mt Ascutney Hospital celebrates Doctors’ Day by giving to the community

Tue, 03/31/2015 - 6:38am -- tim

March 30, 2015 marked the annual observance of National Doctors’ Day, a day to recognize the contributions, dedication, and care of physicians around the country. This year, Mt Ascutney Hospital and Health Center (MAHHC) celebrated Doctors’ Day in their own way — by making a donation to the Windsor food shelf in honor of their physicians.

Woodridge Rehabilitation and Nursing gets its fifth star

Tue, 03/31/2015 - 6:08am -- tim

Woodridge has consistently been rated at four stars by The Centers for Medicare & Medicaid Services (CMS) in their Five Star Nursing Home Quality Rating System. In November 2014 Woodridge was raised to five stars, according to Ursula Margazano, Administrator for Woodridge Rehabilitation and Nursing.

The Centers for Medicare & Medicaid Services (CMS) recently made three significant improvements to the Five Star Nursing Home Quality Rating System:

*Incorporated the two nursing home quality measures for antipsychotic use into the Quality Measure Rating.

BCBSVT CEO Don George recognized for health and wellness leadership

Tue, 03/31/2015 - 5:58am -- tim

Blue Cross and Blue Shield of Vermont President and CEO Don George has been recognized for his leadership in developing a culture of health and wellness at BCBSVT and, by example, for other workplaces in Vermont. George received the Business Leadership Award from the Governor's Council on Physical Fitness and Sports at the annual Worksite Wellness Conference in Burlington on Wednesday, March 25.