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Federal education grant of $2.4 million for VSAC will serve over 1,500 adults

Tue, 10/25/2016 - 3:44pm -- tim

Vermont Business Magazine The Vermont congressional delegation today announced that the Vermont Student Assistance Corp will receive $2.4 million over five years in a federal Educational Opportunity Center grant to promote education and workforce development with Vermont adults. In a joint statement, Senator Patrick Leahy (D-Vermont), Senator Bernie Sanders (I-Vermont) and Representative Peter Welch (D-Vermont) said: “While Vermont is fortunate to have one of the lowest unemployment rates in the nation, many Vermonters continue to struggle to find good-payi

Burlington Parks Foundation completes $1 million campaign for Waterfront Bike Path

Tue, 10/25/2016 - 3:15pm -- tim

Vermont Business Magazine Today Mayor Miro Weinberger, Parks, Recreation & Waterfront Department (DPRW), the Burlington Parks Foundation, and other City officials celebrated the Parks Foundation reaching its goal of raising $1 million in support of the rehabilitation of the Waterfront Bike Path. The Parks Foundation set the goal in 2014, and today announced at one of the Bike Path’s new pause places that it has raised $1,026,622 in cash and pledges from over 250 residents and businesses, and presented a symbolic check to Mayor Weinberger.

VSECU goes solar, unveils new array to offset electricity consumption

Tue, 10/25/2016 - 12:49pm -- tim

Vermont Business Magazine VSECU announced today its going solar, unveiling a solar array in Guilford that will allow the 60,000-member, nine-branch credit union to offset its Green Mountain Power electricity consumption by purchasing the net metering credits produced by the array. In a unique partnership with East Dummerston-based solar developer Soveren Solar, VSECU will be able to retire the renewable energy credits (RECs) resulting in 100 percent renewable energy. The partnership also allows VSECU to benefit from the Federal Tax Credit for solar investment, that is typically not available for non-profits. This could be a model for non-profits statewide, further incentivizing renewable energy adoption.

St Albans job trainer gets $10.2 million from USDOL

Tue, 10/25/2016 - 12:25pm -- tim

Vermont Business Magazine The US Department of Labor recently announced $140 million in grant awards through the end of Program Year 2016 ($337 million annually for an additional 3 years) in job training grants to 19 organizations nationwide, including a $10.2 million annual award to Vermont Associates for Training and Development, Inc, a non-profit headquartered in St. Albans. The grant, funded through the Senior Community Service Employment Program (SCSEP), provides critical job training and related services to low-income workers age 55+.

Community Bank System of NY to acquire Merchants for $304 million

Tue, 10/25/2016 - 9:21am -- tim

by Timothy McQuiston Vermont Business Magazine Merchants Bancshares (NASDAQ: MBVT), the holding company for Vermont's largest, locally based bank, will be acquired next year by Community Bank System, Inc, (NYSE: CBU) based near Syracuse, NY. Merchants Bank, based in South Burlington, is a $1.9 billion financial institution, while Community Bank is $8.7 billion. Once the transaction is completed, Merchants will be re-branded under the Community Bank NA name.

GMP’s Rutland solar project first in New England to use battery storage to reduce peak demand

Tue, 10/25/2016 - 9:11am -- tim

Vermont Business Magazine Green Mountain Power’s Stafford Hill Solar Farm in Rutland, one of the nation’s first micro-grids powered solely by solar and battery back-up, is now the first in the region to use battery storage to reduce peak power usage, benefiting customers by saving $200,000 in one hour. Stafford Hill is also the first and only project currently providing fast-acting power when the grid needs it as renewable energy fluctuates during the day and night. This is another way the project lowers costs for customers. This new market in New England is key to helping the grid provide reliable power as the region uses more renewable energy.

BCBSVT Medicare Part D drug plan receives highest quality rating

Tue, 10/25/2016 - 4:21am -- tim

Vermont Business Magazine Blue Cross and Blue Shield of Vermont (BCBSVT) is pleased to announce its competitively priced, highest-ranking Medicare Part D prescription drug plan options for 2017. BCBSVT also reminds Vermonters of the open enrollment period, which runs from October 15 to December 7, 2016 with enrollment effective on January 1, 2017. This is the time when those eligible may join a Part D plan or switch plans or insurance carriers. Medicare prescription drug coverage (Part D) is available to anyone who is entitled to Medicare Part A and/or enrolled in Part B.

McClaughry: Defend our independent schools

Tue, 10/25/2016 - 4:07am -- tim

by John McClaughry For years, indeed decades, Vermont’s public school Establishment has regularly found ways to put pressure on the non-sectarian independent schools that receive tuition for pupils from the 90 “tuition towns”. Why? Many within the Establishment believe that public money ought to be spent only on the (unionized) public schools, regardless of their value to the pupils. Some of them believe that parents are underqualified to make choices about their child’s education. Some of them dislike having competition.

University of Vermont Health Network joins purchasing cooperative

Tue, 10/25/2016 - 3:50am -- tim

Vermont Business Magazine The University of Vermont (UVM) Health Network has become the newest owner to join Greenhealth Exchange (GX) -- a purchasing cooperative that makes it easy to source products and services used in health care settings that are good for people, the planet and the bottom line. The UVM Health Network has been acknowledged over the years with awards from leading national organizations for its sustained efforts to reduce energy consumption, waste stream and carbon footprint, and to increase the use of healthy, locally produced foods.

BMH announces leadership changes

Tue, 10/25/2016 - 3:35am -- tim

Vermont Business Magazine Brattleboro Memorial Hospital President and CEO Steven R Gordon has announced changes within the leadership of the hospital’s Information Services Department, including the promotion of Steven P Cummings from Chief Implementation Officer to Vice President for Information and Support Services and Jonathan Farina from Director of Information Services to Chief Compliance and Security Officer.

iSystems announces new integration, partnership with eBenefits Network

Mon, 10/24/2016 - 4:19pm -- tim

Vermont Business Magazine iSystems, LLC today announces its new integration and partnership with its lead product Evolution HCM and eBenefits Network (eBN). This new integration allows Evolution HCM service providers to offer a cloud-base service that automates communication of employee benefit enrollment information for their customers and their insurance carriers. eBN supports a full suite of plan types from over 300 carriers to match each company's benefit package: Medical, Dental, Vision, Life, Disability, COBRA, Drug, 401(k), FSA/HSA. This new integration and partnersh

Chief UVM fundraiser Rich Bundy to take position at Penn State

Mon, 10/24/2016 - 4:11pm -- tim

Vermont Business Magazine University of Vermont President Tom Sullivan and UVM Foundation Chairman of the Board John A Hilton, Jr announced today that UVM Foundation President and CEO Rich Bundy will be leaving the UVM Foundation at the end of 2016 to become vice president for development and alumni relations at his alma mater, the Pennsylvania State University. To ensure a smooth transition, he will continue in this role through December. The UVM Foundation will conduct a robust national search to fill this important leadership position.