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GMP rates among lowest for New England

Wed, 05/25/2016 - 11:23am -- tim

Vermont Busness Magazine Green Mountain Power rates continue to rank among the lowest of New England’s largest utilities, according to the most recent data compiled by the Edison Electric Institute. Overall, GMP’s rates are the second lowest and 17 percent lower than the regional average, while its industrial rates are the lowest. Residential customer rates are ranked second lowest and commercial rates third lowest of the 14 utilities ranked, which cover the bulk of customers in New England.

BDCC gets $9,000 grant for workforce development

Wed, 05/25/2016 - 11:06am -- tim

Vermont Business Magazine The Brattleboro Development Credit Corporation (BDCC) has received a Regional Workforce Partnership grant from the Vermont Department of Labor to further support their newest workforce development program, the BDCC Cluster Roundtable Initiative. The grant is for $9,000, and will support the program for the upcoming fiscal year.

State PSD announces grant funding for broadband deployment

Wed, 05/25/2016 - 9:42am -- tim

Vermont Business Magazine The Public Service Department through its Division for Telecommunications and Connectivity today announced its second round of grant funding under the Connectivity Initiative to deploy broadband to under-served communities throughout Vermont. Applications for funding from the Connectivity Initiative are open to Internet service providers (ISPs). In 2015, $886,000 was awarded from the Connectivity Initiative to Comcast, FairPoint, and ECFiber. It is anticipated that approximately $556,000 will be available in this first 2016 grant round.

Keurig Green Mountain supplier awardees named

Wed, 05/25/2016 - 9:20am -- tim

Vermont Business Magazine At its 2016 Top 100 Supplier Conference Tuesday, Keurig Green Mountain, Inc, a personal beverage system company based in Waterbury, announced the recipients of its first annual Supplier Recognition Awards. Sixteen companies were awarded honors in four categories: Supplier of the Year, Top Performance, Most Improved, and Keurig Values. Touching all aspects of Keurig’s diverse supply chain, the winners were selected through a robust nomination process combined with rigorous evaluations of the supplier’s 2015 performance. Keurig is Vermont's largest privately held business, with $4.5 billion in annual revenues (2015), 2,000 employees in Vermont and 6,000 employees worldwide.

Spaulding: College affordability should be a front burner issue in Vermont

Wed, 05/25/2016 - 5:25am -- tim

by Jeb Spaulding, Chancellor, Vermont State Colleges Of the 6,000 or so Vermonters about to graduate from high school, more than 2,000 are unlikely to further their education after June. They will join a growing cohort of young Vermonters who lack the credentials necessary to succeed in our economy. In fact, Vermont has the lowest college enrollment rate in New England. More troubling is that less than 40 percent of our economically-disadvantaged students continue on to college.

Governor Shumlin signs consumer protection bill into law

Tue, 05/24/2016 - 9:31pm -- tim

Vermont Business Magazine Governor Peter Shumlin today signed into law H.84, legislation that cracks down on online dating scams and provides greater consumer protections in a number of other areas. The legislation was a priority of Attorney General Bill Sorrell. Under the new law, online dating companies will be required to notify members of suspicious activity or when they are interacting with another user who has been banned from the site for potential fraud.

VSAC, state treasurer offer plan to lower college loan costs in Vermont

Tue, 05/24/2016 - 3:50pm -- tim

Vermont Business Magazine Vermont Student Assistance Corp and State Treasurer Beth Pearce today announced that $4 million in local investment financing will be directed to lower the fixed rates on Vermont Advantage loans for parents and students, starting at 4.8 percent, the lowest rates ever offered. Nearly 70 percent of Vermonters pursuing a bachelor’s degree have student loans; the average loan debt for a college senior is about $29,000.

McClaughry: A post-mortem on the 2016 Legislature

Tue, 05/24/2016 - 3:11pm -- tim

by John McClaughry The 2016 legislative session is now history, and it’s worthwhile to assess its production. My criteria include preserving fiscal responsibility, advancing liberty, limiting government, and thwarting various hungry special interests. The basic facts are readily available from the thorough reporting by VTDigger.org. First, the Legislature managed to balance the FY2017 General Fund budget, once again by raising taxes and fees by $28 million.

UVM study reveals potential to boost immunity to flu

Tue, 05/24/2016 - 1:22pm -- tim

Vermont Business Magazine A relatively unknown molecule that regulates metabolism could be the key to boosting an individual’s immunity to the flu – and potentially other viruses – according to research reported today in the journal Immunity. The study(link is external), led by University of Vermont (UVM) College of Medicine doctoral student Devin Champagne and Mercedes Rincon, PhD, a professor of medicine and an immunobiologist, discovered that a protein called methylation controlled J – or MCJ – can be altered to boost the immune system’s response to the flu.

Vermont firefighters get nearly $700,000 in federal grants

Tue, 05/24/2016 - 12:49pm -- tim

Vermont Business Magazine Vermont’s congressional delegation – Senator Patrick Leahy, Senator Bernie Sanders and Representative Peter Welch – announced today that firefighters throughout Vermont will receive $679,285 through three federal grants. The three grants include $500,000 for a firefighting training simulator at Vermont Firefighting Academy in Pittsford; $142,858 for breathing apparatus for 20 firefighters in Bellows Falls; and $36,427 for firefighting hose and nozzles for firefighters in Springfield.

Vermont seniors have 15th-largest income gap

Tue, 05/24/2016 - 9:51am -- tim

Vermont Business Magazine Vermont has the 15th-largest gap between senior citizens’ incomes and 45-64 year-olds’ incomes, according to a new Bankrate.com report. Financial experts’ rule of thumb is that retirees need 70 percent of the income that they earned during their working years. Vermont fell well short: Residents who are 65 and older have a median annual income that’s just 57 percent of the median annual income earned by the state’s 45-64 year-olds.

UVM Medical Center food service director wins highest industry honor

Tue, 05/24/2016 - 9:29am -- tim

Vermont Business Magazine Diane Imrie, the University of Vermont Medical Center’s director of Nutrition Services, has received a prestigious “Silver Plate Award” from the International Foodservice Manufacturing Association (IFMA). The award, commonly referred to as the “Oscars” of the food service industry, recognizes Imrie’s leadership in developing a model program to deliver high-quality, healthy and sustainably-produced food to the hospital’s patients and visitors.

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