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Political leaders visit Vermont Castings Group to talk industry regulations

Sat, 09/20/2014 - 5:53am -- tim

Over the last few months, Congressman Andy Barr (R-KY) and Vermont Governor Peter Shumlin have met with Vermont Castings Group senior management team members at the manufacturer’s facilities in Kentucky and Vermont. The topic, among others, was increasing regulatory restrictions on the hearth industry and their effects on the welfare of the manufacturer, who has production facilities in Kentucky and Vermont employing over 600 people.

Citizens Financial Group introduces refinancing for federal student loans

Sat, 09/20/2014 - 2:52am -- tim

Citizens Financial Group has introduced a new way for student loan borrowers to manage the long-term cost of college – the ability to refinance federal student loans via its Education Refinance Loan, which Citizens launched earlier this year with an initial focus on private student loans.To date, Citizens’ Education Refinance Loan has helped private student loan borrowers lower their monthly payments by an average of

Merchants Bancshares announces resignation of CFO Janet Spitler

Fri, 09/19/2014 - 4:26pm -- tim

Merchants Bancshares, Inc (NASDAQ: MBVT), the parent company of Merchants Bank, announced Friday that Janet P Spitler, Merchants Bancshares, Inc Chief Financial Officer and Treasurer, is resigning effective December 31, 2014, to pursue other professional interests. "Janet has been a significant contributor to our company over the past 24 years.

GMP fires back at Vermont Law School in dispute over renewable energy certificates

Fri, 09/19/2014 - 2:16pm -- tim

A group of Vermont business, energy, and state leaders, including Burlington Mayor Miro Weinberger, Representative Tony Klein and Sugarbush owner Win Smith, joined Green Mountain Power today in criticizing Vermont Law School's Environmental Law Clinic for filing a Federal Trade Commission complaint that targets Vermont's renewable energy laws. The filing against GMP's sale of Renewable Energy Certificates (RECs) would lead to higher electric rates and discourage renewables in Vermont.

Vermont unemployment rate rises four-tenths to 4.1 percent in August

Fri, 09/19/2014 - 10:40am -- tim

Vermont Business Magazine The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for August 2014 was 4.1 percent. The number of employed fell 1,300 while the number of unemployed rose by 2,200. The labor force also fell by 800. These are all negative indicators. The rate itself represents an increase of four-tenths of a percent from the revised July rate (3.7 percent). The equivalent national average was 6.1 percent, which decreased by one-tenth of a percent from the previous month’s estimate.

US Navy names fast-attack submarine, USS Vermont

Fri, 09/19/2014 - 7:50am -- tim

There have been two USS Vermonts in US Navy history, the last of which was a battleship. But they do not make those ships anymore, so the Navy found another way to honor the state's important naval history. Secretary of the Navy Ray Mabus hosted a ship-naming ceremony Thursday in front of the Lake Champlain Navy Memorial in Burlington to announce that SSN 792, a Virginia-class attack submarine, will bear the name USS Vermont. Mabus named the submarine to honor the longstanding partnership its namesake state has had with the Navy. 

$650,000 in grants available to address water quality, conservation concerns on Lake Champlain

Fri, 09/19/2014 - 7:36am -- tim

Senator Patrick Leahy (D-Vermont) Thursday joined the Lake Champlain Basin Program (LCBP) in announcing $650,000 in federal funding available to local watershed groups, towns and other organizations in Vermont and New York in the continued effort to implement a long-term management plan for Lake Champlain. The funding will play a key role in assisting local organizations respond to serious water quality and conservation concerns on the lake as well as working to enhance the region’s historic, cultural and recreational resources.

Vermont Health Connect failed to meet federal checklist for security requirements

Fri, 09/19/2014 - 7:29am -- tim

by Morgan True The state took Vermont Health Connect offline because it was unable to meet a federal checklist of security requirements, officials said Thursday. Over the summer the federal government provided a timeline for reducing security risks, which expired 10 days ago, according to the commissioner of the Vermont Department of Information and Innovation. State officials interviewed for this story would not say what federal security requirements ha

Census: Vermont household income down, poverty up slightly in 2013

Thu, 09/18/2014 - 4:29pm -- tim

Income levels and poverty rates were not statistically different for most states from 2012 to 2013, according to statistics released today from the US Census Bureau's American Community Survey, the nation's most comprehensive data source on American households. Vermont remained above the US median for household income, but slipped 2 percent in one year. Poverty was up 1.2 percent in Vermont in 2013. 

Seven Days launches multimedia ‘Bernie Beat’

Thu, 09/18/2014 - 3:31pm -- tim

On his first day as mayor of the Queen City, Bernie Sanders shared a prediction with the alternative weekly Vanguard Press: “People will look back to Burlington, Vermont, 1981, and say: ‘It all started here.’” Sanders, who won the mayor’s seat by 10 votes, was likely envisioning some kind of populist revolution. Instead, what has turned out to be really popular is Bernie himself.

USDA awards $120,000 to four Vermont small businesses to help reduce energy costs

Thu, 09/18/2014 - 1:39pm -- tim

United States Department of Agriculture (USDA) Secretary Tom Vilsack announced Thursday that four Vermont businesses and agricultural producers would receive $121,855 in grants to help them become more energy efficient or produce renewable energy. The grants will help sugar makers boil syrup more efficiently, help turn cow manure into electricity, and help a small firewood business switch to a renewable fuel source.