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Macy's to close Burlington location

Wed, 01/03/2018 - 5:00pm -- tim

Vermont Business Magazine Mayor Miro Weinberger released the following statement Wednesday in response to news of the upcoming closure of Macy’s department store expected in March 2018. Macy's is expected to announce Thursday that the Burlington location is part of the iconic department store chain's closure of 100 stores nationwide. It also owns Bloomingdale's. The Macy's location is not technically part of the $225 million redevelopment of the Burlington Town Center mall off Church Street, as it has a different property owner. It is the only Macy's in Vermont.

Vermont gets piece of $45 million PHH Mortgage settlement

Wed, 01/03/2018 - 12:43pm -- tim

Vermont Business Magazine Attorney General Thomas J Donovan, Jr and Department of Financial Regulation Commissioner Michael S Pieciak announced today that they have reached a $45 million settlement with New Jersey-based mortgage lender and servicer PHH Mortgage Corporation, along with 49 other state Attorneys General and 46 other state financial regulators.

Van Oot leaving Downs Rachlin Martin for new venture

Wed, 01/03/2018 - 12:33pm -- tim

Vermont Business Magazine Attorney Peter D Van Oot is leaving  the law firm where he has practiced for more than 30 years to join a new venture with Dr Robert Simpson, the former chief executive officer of the Brattleboro Retreat. The new business, called The Difference Leadership Group,  counsels for-profit and non-profit leaders  in governance and leadership. DRM environmental law attorney Trey Martin will work with Van Oot’s environmental law clients going forward.

North Hartland Tool expanding Vermont plant

Wed, 01/03/2018 - 12:24pm -- tim

Vermont Business Magazine North Hartland Tool Corporation (NHTC), manufacturer of precision gages and fixtures, is pleased to announce the expansion of their manufacturing facility located in North Hartland, Vermont. The building expansion will allow for new equipment and software incorporating the latest “lights out” technology.  With these updates, the company will increase its hours of manufacturing and workforce to meet the growing demands in the design and manufacturing of precision instruments and aerospace tooling. 

Will AI’s new leaders come from emerging smaller-college programs?

Wed, 01/03/2018 - 11:24am -- tim

Vermont Business Magazine The most employable data analysts and statisticians in 21st century jobs will need more than just the technical and math training that equips them to meet squarely a tsunami of high-tech information flooding fields as diverse as public health, government or community policing, say curriculum leaders at Saint Michael’s College in Vermont. The best analysts also will possess the creativity afforded by broad liberal arts education to make something substantial and useful from so much data.

VFCU ranks 5th best nationally in member value score

Wed, 01/03/2018 - 9:42am -- tim

Vermont Business Magazine Vermont Federal Credit Union ranked highly in Callahan & Associates Return of the Member (ROM) Scoring in the 3rd Quarter 2017. Callahan & Associates is a credit union research and consulting firm that supports credit unions by providing actionable data, fostering collaboration, and driving groundbreaking innovation.

St Albans City School named state winner in $2 million* national STEAM competition from Samsung

Wed, 01/03/2018 - 7:47am -- Denise Sortor

Vermont Business Magazine St Albans City School in Saint Albans has been named the Vermont state winner in the Samsung Solve for Tomorrow Contest, a program that encourages teachers and students to solve real-world issues in their community using classroom skills in science, technology, engineering and math (STEAM).

Vermont has highest rate of moving-in in US

Tue, 01/02/2018 - 3:53pm -- tim

Vermont Business Magazine While Americans are moving westward, flocking to the Mountain and Pacific West and the Northeast and Midwest continue to lose residents, Vermont had the highest rate of in-migration in the nation and was the only state in the Northeast with a positive trend. In 2017, more residents moved out of Illinois than any other state with 63 percent of moves being outbound. Vermont had the highest percentage of inbound migration in 2017 with nearly 68 percent of moves to and from the state being inbound. Those are the results of the United Van Lines' 41st Annual National Movers Study, which tracks customers' state-to-state migration patterns over the past year.

McClure funding available to increase access to college and careers

Tue, 01/02/2018 - 3:15pm -- tim

Vermont Business Magazine The J Warren & Lois McClure Foundation has announced available funding for the 2018-19 school year for efforts that improve equitable access to the postsecondary and career education that leads to Vermont’s most promising jobs. A supporting organization of the Vermont Community Foundation, the McClure Foundation envisions a Vermont where no promising job goes unfilled for lack of a qualified applicant.

Generator picks four maker-entrepreneurs for JumpStart residency

Tue, 01/02/2018 - 12:57pm -- tim

Vermont Business Magazine Generator, Burlington’s maker space, announced the four entrepreneurs chosen for its new twelve-week Jump/Start, residency program, and free public lecture series. Each Jump/Start Entrepreneur receives $1,000 in cash, and over $4,500 worth of in-kind services including 24/7 access to Generator’s high-tech fabrication facilities, classes and expert consultations.