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Gov. Douglas Announces $4.96 Million for Homeland Security, Majority of Funds to Local Units

Thu, 03/13/2003 - 8:00pm -- tim

Montpelier, Vt.- Governor Jim Douglas announced that Homeland Security
Secretary Tom Ridge is making a total of $4,963,000 of fiscal year 2003
grant funds available for local and state homeland security preparedness in
Vermont. The money is for domestic preparedness equipment, training and
Governor Douglas said that Vermont's Homeland Security Unit (HSU) would work
with all response organizations in the state to ensure that grant funds
reach the largest number of participants in the most effective manner.

IDX Systems Corp Reports Fourth Quarter and Year -End Results

Thu, 03/13/2003 - 8:00pm -- tim

IDX Systems Corporation (NASDAQ:IDXC) reported results today for the fourth quarter and year ended December 31, 2002.
Revenues for the fourth quarter ended December 31, 2002 were $122
million compared with $103 million in the fourth quarter of 2001.
Revenues for the twelve-month period ended December 31, 2002
increased more than 17% to $460 million compared with revenues of
$391 million for the same period in 2001. Revenues reflect the adoption
of EITF 01-14, and all periods presented, including 2001, have been

IDX, State Team Up For Job Training

Thu, 03/13/2003 - 8:00pm -- tim

IDX Systems Corp and the State of Vermont to start an apprenticeship program that will train workers for jobs at the medical software company in South Burlington.
Interested people must be willing to train for eight weeks. The training cost nothing and also pays nothing. Once they pass the training course they will have an opportunity for a paid, full-time apprenticeship at IDX Systems Corp. After the one year apprenticeship they have an opportunity for a full-time job that pays in the range of $45,000 to $50,000 a year.

Jager Di Paola Kemp will lay off 11 Employees

Thu, 03/13/2003 - 8:00pm -- tim

Jager Di Paola Kemp, a Burlington design and marketing firm will aly off eleven employees, thirteen percent of its staff. The company staff will now consist of 73 employees.
The layoffs were in response to less marketing dollars coming from Burton Corp. Burton is a manufacturer of snowboards and accessories with headquarters in Burlington.
Recently Burton Corp cut 42 jobs at the company as part of a restructuring plan that includes cost-cutting measures throughout the company.
Jager Di Paola Kemp has handled the Burton account since the 1980's.

Unemployment rate increases

Thu, 03/13/2003 - 8:00pm -- tim

Vermont Department of Employment & Training
Vermont Labor Force Statistics (Seasonally Adjusted)
January 2003 December 2002 January 2002
Total Labor Force 351,600 351,900 345,500
Employment 337,400 338,700 332,600
Unemployment 14,300 13,200 12,900
Rate (%) 4.1 3.7 3.7
Montpelier - The Department of Employment and Training recently announced a

John Davis & Associates Announces its New Web Site

Wed, 03/12/2003 - 8:00pm -- tim

John W Davis, CPA and principal of John Davis & Associates, CPAs, expressed his enthusiasm for the web site created by Earthlogic Media Technologies. "With this attractive, easy-to-use, informative new web site the firm has demonstrated keenly the power of web technology to work for the accounting industry. I like the sections with the latest news and financial calculators, the page of many business resource links, but perhaps most of all, the CPA profiles page allowing our clients to know personally who they are working with."

Panel of Vermont CEOs to discuss how responsible public companies handle the issues of Enron+1

Wed, 03/12/2003 - 8:00pm -- tim

How Do Responsible Public Companies Handle the Issues of Enron+1?
A panel of Vermont CEOs will explore critical themes in a town-meeting-style open discussion
§ Sarbanes-Oxley Corporate Reform Bill

§ Accountability – accounting and auditing

§ Board of directors and the auditing committee

§ Unresolved issues

· Scott Pardee, Alan R. Holmes Professor of Monetary Economics, Middlebury College

· Joe Boutin, President and CEO, Merchants Bank

· Edwin Colodny, CEO (Retired), USAIR; Acting CEO,

Raising the Bar. Thriving by Continuous Improvement

Wed, 03/12/2003 - 8:00pm -- tim

Raising the Bar. Thriving by Continuous Improvement
A One-Day Introduction to Performance Excellence Thursday, April 3rd, 9:00 a.m. to 4:30 p.m.
Strategic Planning: Learn how to align decisions, improvement efforts and daily operations to attain the strategic results you require.
Leadership: An effective leadership system sets the course and climate for the organization and inspires others to "make it happen." Find out how to transition from reactive managing to energizing, proactive leadership.

SBA Lifts $500,000 Loan Cap

Tue, 02/25/2003 - 8:00pm -- tim

Administrator Hector V. Barreto of the U.S. Small Business Administration lifted a 5-month cap on SBA-backed loans and invited participating lenders to resume submitting applications for guaranteed loans up to the $2 million statutory limit.
The decision was made today after President Bush signed recently adopted legislation that allows the agency to implement its revised econometric subsidy model, which more accurately forecasts the actual costs of the 7(a) loan program. The model will be applied retroactively to the beginning of the current fiscal year.

Sonnax to Purchase Ben & Jerry's Warehouse

Tue, 02/25/2003 - 8:00pm -- tim

Sonnax has entered into a contract to purchase the Ben & Jerry's
Distribution Warehouse in Bellows Falls, VT.
Closing for the transaction
is scheduled for Oct. 1, 2003. Reconfiguration and renovation will take
approximately two months after the closing, and they expect to be fully
operational in December of 2003.
All finished goods ready for sale will be
located in the new facility. In addition, the Engineering Department and a
new Technical Center for the development of new products will be based in

Union Bankshares, Inc Announces Planned Merger of Subsidiary Banks

Mon, 02/24/2003 - 8:00pm -- tim

Union Bankshares, Inc (AMEX-UNB) announced the planned merger of its two subsidiary banks, Union Bank, Morrisville, Vermont and Citizens Savings Bank and Trust Company, St Johnsbury, Vermont, under the name and banking charter of Union. Union Bankshares acquired Citizens in December of 1999. Since the acquisition, each subsidiary bank has operated semi- autonomously under the bank holding company.

Needs Survey to Help Vermont Small Businesses

Sun, 02/23/2003 - 8:00pm -- tim

The Vermont Small Business Development Center is seeking input on business needs in Vermont. Using a new online survey, SBDC will tally the responses to help develop programs and training to better serve small businesses.
The Vermont Small Business Development Center, with headquarters at Vermont Technical College in Randolph, has regional offices throughout the state providing comprehensive and free business counseling.