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Maine Drilling & Blasting still emphasizing local growth one-half century later

Sat, 02/13/2016 - 3:56am -- tim

Vermont Business Magazine Maine Drilling & Blasting, which services clients in Vermont and across the region, celebrates the importance of local service to its own success over the past half-century by establishing named scholarships at local universities and technical colleges throughout its service area. For Maine Drilling & Blasting, it all started with service. Hard work, honesty and quality service were the simple yet sacred principles upon which Ted Purington, Sr.

Gaz Metro reports Q1 2016 results, Vermont partners net income up 15.1 percent

Fri, 02/12/2016 - 10:57am -- tim

Vermont Business Magazine Valener Inc, the public investment vehicle in Gaz Metro Limited Partnership, today reported normalized operating cash flows of $10.4 million for the first quarter of fiscal 2016, or $0.27 per common share, compared to $9.9 million or $0.26 per common share in the first quarter of 2015. The company also declared a quarterly dividend of $0.27 per share, in line with the plan announced in autumn 2015. The Energy Distribution segment in Vermont, through its subsidiaries Green Mountain Power Corporation (GMP) and Vermont Gas Systems Inc.

Citizens Bank provides 30,000 meals, supports Vermont Foodbank

Fri, 02/12/2016 - 10:52am -- katie

Vermont Business Magazine Citizens Bank has again contributed $10,000 to the Vermont Foodbank, to make more food available for Vermonters in need.  This most recent gift marks the fifth consecutive year Citizens Bank has supported the Vermont Foodbank.

“Corporate partners are essential to the work of ensuring our Vermont neighbors have enough healthy food,” said John Sayles, Vermont Foodbank CEO. “Citizens Bank has time and time again demonstrated their commitment to enriching our communities—we are so grateful for their loyal support.”

Weekly unemployment claims unchanged

Fri, 02/12/2016 - 10:41am -- tim

Vermont Business Magazine Weekly unemployment claims have continued in a steady pattern after volatilty around the holidays. Claims in 2015 generally were lower than in 2014, but since the holiday season they have been generally running slightly ahead of the prior year until last week. For the week of February 6, 2016, there were 665 claims, up 30 from the previous week's total and 28 more than they were a year ago. By industry, claims were mostly unchanged for most categories but increased for Manufacturing. 

VBSR names Jane Campbell as executive director

Fri, 02/12/2016 - 8:51am -- tim

Vermont Business Magazine The Board of Directors at Vermont Businesses for Social Responsibility (VBSR) is pleased to announce Jane Campbell as the organization’s new Executive Director. Campbell, who begins her tenure at VBSR on February 15th, will be the organization’s 6th executive director since its founding in 1990. “We are thrilled to make this announcement,” said VBSR Board Chair Sara Newmark of New Chapter, the Brattleboro-based vitamin and herbal supplement company.

Leahy comments on President's Obama's 2017 Budget Proposal

Fri, 02/12/2016 - 12:00am -- katie

I welcome the President’s proposal to invest more than $1 billion to combat the nationwide opioid and heroin epidemic.  His proposal reflects the range of challenges and needs that Vermont faces.  Overdose deaths, particularly among young people, are dramatically rising, and communities across the country are struggling to address this corrosive threat.  This epidemic is a national emergency, it is a public health crisis in Vermont, and the President’s plan acknowledges that we cannot arrest our way out of this problem.  We must support prevention, treatment and recovery programs, as well as law enforcement.  I will continue to work on shaping these and other efforts to address this epidemic as the President’s plan goes to the Senate Appropriations Committee for further consideration and action.

People’s United Community Foundation awards $3,500 to The Mentor Connector

Fri, 02/12/2016 - 12:00am -- katie

Vermont Business Magazine The People’s United Community Foundation, the philanthropic arm of People’s United Bank, announced today that it has awarded $3,500 to The Mentor Connector in Rutland, Vermont.

The Mentor Connector, a formal mentoring program, pairs youngsters in the Rutland area with adult mentors of the same community.  Mentors and mentees are matched according to their similar interests and the mentor becomes a trusted adult friend with a long-term, consistent commitment to provide guidance and support.

Vermont Community Foundation gives more than $16.7 million in 2015

Thu, 02/11/2016 - 2:57pm -- katie

Vermont Business Magazine The Vermont Community Foundation announced that it awarded more than $16.7 million in grants in Vermont and beyond in 2015, one of the highest levels of grantmaking in the Foundation’s 30-year history. The great majority of the grants were made by individuals, families, and businesses who work through the Community Foundation, while more than $1 million of the total was awarded through staff-guided grant programs. Many nonprofit organizations also have some or all of their endowment at the Foundation.