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Supreme Court reverses lower court, denies Exit 1 development

Fri, 10/21/2016 - 6:47pm -- tim

Vermont Business Magazine The Vermont Supreme Court has reversed a lower court and denied an Act 250 permit for a proposed large commercial and retail development at the I-89 Exit 1 interchange near Quechee. The Vermont Natural Resources Board, together with the Two Rivers-Ottauquechee Regional Commission, appealed the lower court’s ruling. In its decision earlier today, a unanimous Court agreed with the Board and the Regional Commission that the proposed development conflicts with the regional plan.

People's United Financial releases Dodd-Frank stress test

Fri, 10/21/2016 - 3:54pm -- tim

Vermont Business Magazine People's United Financial, Inc (NASDAQ: PBCT) announced today the release of its 2016 company-run stress test results. In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, People's United is required to conduct annual stress tests ("DFAST") to assess the potential effect of hypothetical economic scenarios on earnings and capital.  The results of the Company's 2016 DFAST indicate that both People's United and its subsidiary, People's United Bank, N.A., will have the financial resources to successfully navigate a severe a

Vermont revises rules for maintaining water quality on logging jobs

Fri, 10/21/2016 - 3:50pm -- tim

Vermont Business Magazine An improved set of practices designed to protect water quality on logging jobs goes into effect as a revised rule tomorrow, October 22. The Acceptable Management Practices for Maintaining Water Quality on Logging Jobs in Vermont, or AMPs, are a set of practices designed to protect water quality by minimizing soil erosion and runoff during and after logging activity. The Vermont Department of Forests, Parks and Recreation revised the AMP rule as a requirement of Act 64, an act passed in 2015 to improve the quality of State waters.

Vermont jobless rate stays at 3.3 percent for September

Fri, 10/21/2016 - 11:17am -- tim

by Timothy McQuiston The unemployment rate was unchanged last month, but the key indicators were all slightly worse, as the labor force and employment both fell, while the number of jobless increased. The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for September was 3.3 percent, the same as the revised August rate. The national rate in September was 5.0 percent, up one tenth.

Weekly unemployment claims up again to modest level

Fri, 10/21/2016 - 11:15am -- tim

Vermont Business Magazine Weekly unemployment claims rose last week, as Manufacturing claims spiked. This was offset somewhat by a fall in claims for both the Service and Construction industries. After running at a very low level during the latter part of the summer, overall claims have edged up the last two weeks. For the week of October 15, 2016, there were 571 claims, up 123 from the previous week's total and 18 more than than they were a year ago.

VEC’s community solar project launched in Alburgh

Fri, 10/21/2016 - 7:52am -- tim

Vermont Business Magazine On Thursday, Vermont Electric Cooperative (VEC), Encore Renewable Energy, and SoCore Energy, held a Community Appreciation Event at the site of VEC’s first Co-op Community Solar project on Route 78 and Dump Road in Alburgh. The Community Appreciation Event was held  to thank VEC members and the Town of Alburgh for helping to bring the one-megawatt solar project to fruition. VEC’s Co-op Community Solar project provides Co-op members with a new opportunity to save money by sponsoring solar panels and obtaining monthly bill credits. Developing cost-effective, well-sited, locally-generated, renewable energy is a VEC priority.

Vermont Troopers Association endorses Phil Scott for governor

Thu, 10/20/2016 - 10:36pm -- tim

Vermont Business Magazine Today, the Vermont Troopers Association announced its support for Phil Scott for governor. “The Vermont Troopers Association is proud to endorse Phil Scott for Governor,” said the Association’s President, Sergeant Michael O’Neil. “Phil has a long track record of working with the law enforcement community and understands the daily challenges of the job. Lt.

Sanders announces $4.3 million to Vermont nonprofit to boost job training for low-income seniors

Thu, 10/20/2016 - 5:13pm -- tim

Vermont Business Magazine US Senator Bernie Sanders (I-Vermont) announced Thursday that the US Department of Labor awarded $4.3 million to a St Albans-based nonprofit, Vermont Associates for Training and Development, to expand their efforts to provide job training and employment services for low-income seniors. In addition to helping Vermonters, the boost in federal funding will allow Vermont Associates for Training and Development to replicate their employment services program in Maine and throughout large swaths of New York and Pennsylvania.

Darn Tough Vermont continues market dominance

Thu, 10/20/2016 - 5:10pm -- tim

Vermont Business Magazine Darn Tough Vermont, the Northfield-based manufacturer of the fastest growing collection of performance outdoor and lifestyle socks, continues to acquire market share through aggressive growth in multiple categories.  With a formidable annual sales forecast, Darn Tough is seizing upon opportunities in the Lifestyle, Junior and Work markets, it reported today.