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Ledyard Financial Group declares 45-cent quarterly dividend

Fri, 10/24/2014 - 3:42pm -- tim

Ledyard Financial Group (Ticker Symbol: LFGP) announced today a regular quarterly dividend of $0.45 per common share. The dividend is payable December 5, 2014 to shareholders of record as of November 7, 2014. This dividend payment will bring the total payout for 2014 to $1.72 per share which compares to the payout for 2013 of $1.44 per share.

Governor awards over $2.6 million in additional health care 'Innovation Grants' to lower costs, improve care

Fri, 10/24/2014 - 11:19am -- tim

Governor Peter Shumlin and the leadership of the Vermont Health Care Innovation Project (VHCIP) announced today the award of seven grants totaling $2,653,145 to promote health care innovation throughout the state. 

The grants will support projects that advance the three core strategies of the VHCIP:

Bad mortgages in Vermont up for the month, down for the year

Fri, 10/24/2014 - 10:31am -- tim

Vermont Business Magazine Non-current mortgages in Vermont are down for the month of August compared to the same time last year, but are up slightly compared to the previous two months, according to a national analyst. Foreclosures (2.3 percent)were down one-tenth from July and August, but delinquencies have risen, from 4.8 percent in June and 4.7 percent in July to 5.1 percent in August. As with every state but Louisiana, Vermont is enjoying long a decline in bad mortgages.

Construction begins at Safford Commons in Woodstock

Fri, 10/24/2014 - 4:08am -- tim

Tthe Woodstock Community Trust, Twin Pines Housing Trust, and Housing Vermont joined funders and supporters of Safford Commons on Tuesday to celebrate the start of construction of the $9 million affordable housing development at the site of the former Grange Hall and church on Route 4 across from the Woodstock High School. Formerly referred to as Grange Hill, Safford Commons will provide attractive, affordable and energy‐efficient rental housing when construction is completed in September 2015.

Meijer K-Cup packs joins Keurig

Fri, 10/24/2014 - 3:25am -- tim

Keurig Green Mountain, Inc, has announced that it is now the exclusive manufacturer of Meijer Brand K-Cup packs for the Keurig hot brewing system. Financial terms of the agreement were not disclosed. "As a valued customer for many years, we're thrilled to expand our relationship with Meijer by welcoming them into the Keurig brand family," said John Whoriskey, President of U.S. Sales and Marketing at Keurig.

A sense of betrayal: EB-5 investors go public

Thu, 10/23/2014 - 4:58pm -- tim

by Anne Galloway A group of EB-5 investors say they are growing increasingly frustrated with Northeast Kingdom developer Bill Stenger and are speaking out publicly for the first time. The group of 20 investors in the Tram Haus development at Jay Peak Resort, led by Tony Sutton of Clermont, Florida, question whether Stenger had the right to change the terms of their original investment and whether the new financial deal imposed by Jay Peak is as good.

Who are the Tram Haus investors?

Thu, 10/23/2014 - 4:53pm -- tim

by Anne Galloway The 35 investors in the Tram Haus Lodge at Jay Peak Resort are immigrants from Europe, Canada and Asia who sought permanent residency in the United States. Most of them, according to Tony Sutton, one of the investors, are middle- and upper-middle-class people who sold their homes and pulled together savings to make a $500,000 downpayment on a green card and what they believed would be a profitable investment. They don’t fit the stereotype of foreign investors with excess disposable cash.

VBSR Announces 'Legislator of the Year' award for GMO labeling, Pre-K expansion work

Thu, 10/23/2014 - 4:48pm -- tim

Vermont Businesses for Social Responsibility (VBSR) announced this week that it is honoring several legislators for their work in passing laws that support socially responsible businesses. Representative Sarah Buxton from Tunbridge and Senator David Zuckerman from Hinesburg are the recipients of VBSR’s Legislator of the Year Awards. The organization will also give a Lifetime Achievement Award to Sen. Sally Fox, who passed away earlier this year.

Direct Travel to acquire Vermont's Child Travel

Thu, 10/23/2014 - 4:44pm -- tim

Direct Travel, Inc, one of the nation's leading travel management companies, today announced that it has acquired Child Travel | Albany Travel (Child Travel) of Burlington, Vermont, and Albany, New York. This move marks the company's fourth acquisition this year, and comes just months following their announcement of the acquirement of Hurley Travel Experts of Portland, Maine.

Agency of Natural Resources denies petition to restrict use of Wolcott Pond

Thu, 10/23/2014 - 10:00am -- tim

The Vermont Department of Environmental Conservation (DEC) announced its decision Wednesday to deny the Friends of Wolcott Pond’s petition to restrict use of Wolcott Pond. The Department found that enforcement of the existing 5 mph speed limit is preferred to prohibiting internal combustion motors from using Wolcott Pond.

State opens new health lab, complements adjoining UVM research facility

Thu, 10/23/2014 - 9:46am -- tim

Governor Peter Shumlin presided over a ribbon-cutting ceremony on Tuesday marking the completed construction of the Vermont Department of Health's new state-of-the-art publich health laboratory at the Colchester Business and Technology Park. The facility physically adjoins UVM's Colchester Research Facility and was designed in collaboration with UVM. The new lab will open for business in November. The 47,844-square-foot facility replaces the Health Department’s current 32,695 square-foot laboratory in Burlington.