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Leahy: Irene’s Lessons Echo In Baton Rouge

Wed, 08/24/2016 - 4:49pm -- tim

by Patrick Leahy One of the first calls I had in the immediate aftermath of Tropical Storm Irene was from a Republican senator from a far-distant state.  He told me of his concern about what he and his constituents were hearing about the storm’s devastation in Vermont, and he pledged to me his support for the congressional action that would be needed to help Vermont recover and rebuild.  I’ve made similar calls when disasters have struck other parts of our nation.

Gifford’s Last Mile Ride raises more than $102,000 for End-of-Life Care

Wed, 08/24/2016 - 2:34pm -- tim

Vermont Business Magazine The weather couldn’t have been better for the record-breaking 460 participants who gathered over the weekend for the Last Mile Ride in Randolph. A festive two-day fundraiser that supports unique end-of-life services at Gifford, the event surpassed its $100,000 fundraising goal and increased participation by 20 percent. Ever since 74 motorcyclists rode the first Last Mile Ride in 2006, people have come to Randolph each August for this annual event.

Marathon Health appears on the Inc. 5000 list, three-year sales growth of 218%

Wed, 08/24/2016 - 1:45pm -- tim

Vermont Business Magazine Inc. magazine last week ranked Marathon Health Number 1,701 on its 35th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.

VEDA approves $7.8 million in economic development financing

Wed, 08/24/2016 - 11:41am -- tim

Vermont Business Magazine The Vermont Economic Development Authority (VEDA) has approved financing of $7.8 million in financing for economic development projects throughout Vermont totaling $16.8 million. Projects include: Hoosic River Hydro, LLC in North Pownal was approved for $2 million in financing as part of a $4 million project to redevelop the hydroelectric production facility at the long-dormant Pownal Tannery Dam; Konrad Prefab, LLC, Springfield - approved $180,000 in financing to help start-up manufacturer purchase machinery and equipment and provide working capital for the company's move to a larger 17,000-square-foot space; Railroad Row, LLC, White River Jct. - approved $150,000 as part of a nearly $4.4 million project that includes the construction of an 18,800-square-foot, four-story, mixed-use building at the corner of Bridge and Main Streets in historic downtown White River Junction; Honest to Goodness Farm, LLC, Newark - approved a loan of $213,460 to help the owners of a growing, diversified farm refinance their property and purchase additional land; Forty Putney Road B&B, Brattleboro - partial financing of $223,500 was approved to support purchase of B&B; Appalachian Gap Distillery, Inc, Middlebury - approved partial financing of $100,000 for a $537,500 building expansion project to accommodate the warehousing of inventory; Douglas Sweets, LLC, Shelburne - a loan of $90,000 was approved to help move its shortbread biscuit manufacturing operation to a larger space at the Shelburne Green Complex; The Traveled Cup, St Albans - approved partial financing of $40,000 of a $310,000 project to purchase and renovate the North Main Street property where the wi-fi café is located.

Investors hope to save Burlington Labs

Tue, 08/23/2016 - 5:03pm -- tim

by Timothy McQuiston Vermont Business Magazine  Led by James Crook, the former CEO of IDX Systems, a group of investors is trying to save Burlington Labs, its 180 employees and its "critical" role in statewide opiate testing. The University of Vermont Health Network will also be a minor investor if the Green Mountain Care Board approves an emergency Certificate of Need and the new entity is able to purchase the facility. The GMBC will hold a hearing Wednesday on the CON. Supporters say the CON needs to be approved quickly in order for the testing lab to continue operating.

GMP and Efficiency Vermont announce eVolve Panton

Tue, 08/23/2016 - 4:30pm -- tim

Vermont Business Magazine Green Mountain Power and Efficiency Vermont are partnering on a community-wide rapid energy transformation project in Panton to reduce energy costs, lower fossil fuel use and improve comfort. Known as eVolve Panton, the effort will put Panton at the forefront of energy innovation in Vermont as the first town to know its total energy use, cost and carbon impact, giving it the ability to track energy and carbon-saving improvements.

Mark Redmond of Spectrum named Champlain College's 2016 Distinguished Citizen

Tue, 08/23/2016 - 4:19pm -- tim

Vermont Business Magazine Mark Redmond, the executive director of Spectrum Youth and Family Services will receive the 2016 Distinguished Citizen award from Champlain College. President Donald J. Laackman and the Board of Trustees will make the presentation during Convocation on Friday, Aug. 26 at 3 p.m. at Roger H Perry Hall. Champlain College will welcome the members of the Class of 2020 on Friday morning as new students move into their first-year residence halls in the morning and then begin a full weekend of orientation events.

Final PFC testing site in Shelburne shows results below limits

Tue, 08/23/2016 - 4:03pm -- tim

Vermont Business Magazine Governor Peter Shumlin today shared the last set of results from a statewide plan to test for perfluorinated compounds (PFCs) at sites where the harmful chemicals may have been used. The former location of Harbour Industries in Shelburne was the final site tested for PFCs. Three out of four groundwater monitoring wells showed the presence of the chemicals PFOA (perfluorooctanoic acid) and PFOS (perfluorooctanesulfonic acid), which are types of PFCs.

ShamRockin’ for a Cure VT raises $35,000 for the Party with a Purpose Legacy for Cystic Fibrosis Foundation

Tue, 08/23/2016 - 2:20pm -- Denise Sortor

Vermont Business Magazine August of last year,  Jon and Pam Baker of Roswell, GA celebrated a moment they were not sure would ever come. Their sons, Gavin and Jake Baker took their first dose of Orkambi, a drug recently approved by the FDA to help control their cystic fibrosis. At this “First Dose Party,” the Bakers were surrounded by hundreds of family and friends that helped make this special drug possible.

Nasal spray flu vaccine not recommended for next flu season, shots only

Tue, 08/23/2016 - 11:41am -- tim

Vermont Business Magazine Following new recommendations from the Centers for Disease Control and Prevention, the nasal spray flu vaccine will not be available in the U.S. for the upcoming flu season. Instead, all flu vaccinations will be given as a standard shot. The nasal spray flu vaccine has been offered in recent years to healthy individuals ages 2 to 49. This past June, the CDC’s Advisory Committee on Immunization Practices voted to recommend that it not be used during the 2016-17 flu season.

Vermont Army National Guard announces Minuteman Scholarship Initiative

Tue, 08/23/2016 - 10:04am -- Denise Sortor

Vermont Business Magazine "The Minuteman Scholarship Campaign was introduced in 2015 with the intent to enhance the National Guard's ability to recruit highly qualified Cadets on a recurring annual basis. All of the qualified applicants for Reserve Officers Training Corps scholarships were eligible to for consideration for the 4-year Minuteman Scholarship.