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Welch, Canadian Border colleagues join together to renew Northern Border Regional Commission

Thu, 07/20/2017 - 4:10am -- hannah@vermontb...

Vermont Business Magazine Rep.  Peter Welch and House colleagues representing districts along the U.S. Canadian border have introduced the Northern Border Regional Commission Reauthorization Act of 2017, which would reauthorize the Northern Border Regional Commission (NBRC) for five years. In Vermont, the Commission is authorized to fund economic and community development projects in Caledonia, Essex, Franklin, Grand Isle, Lamoille, and Orleans counties. Between 2010 and 2016, it provided $5.5 million in funding for 33  Vermont projects. 

NEFCU summer shred fest destroys 12 tons, 300 hard drives

Thu, 07/20/2017 - 3:09am -- tim

Vermont Business Magazine New England Federal Credit Union’s (NEFCU) summer Shred Fest, held on Saturday, July 15th at its Main Branch, 141 Harvest Lane in Williston, destroyed 24,000 pounds—12 tons—of sensitive documents and 300 computer hard drives. By destroying documents and computer drives with sensitive personal information, NEFCU Shred Fests help prevent identity theft. Document and hard drive destruction is one of the best defenses against unauthorized access to personal data.

Berkshire Hills reports increase in 2Q earnings; dividend declared

Wed, 07/19/2017 - 5:40pm -- tim

Vermont Business Magazine Berkshire Hills Bancorp, Inc, with branches in southern Vermont, reported second quarter 2017 net income of $19.7 million, or $0.53 per share.  Core earnings totaled $21.6 million, or $0.58 per share. Net income was up 23% year-over-year, while core earnings grew 31% due to the benefit of business expansion.  Net income per share increased by 2%, while core EPS increased by 7%.  Net income was impacted by net non-core charges related primarily to acquisitions.

Sanders, Conyers, Holmes Norton announce youth jobs bill

Wed, 07/19/2017 - 4:44pm -- tim

Vermont Business Magazine At a time when over 5.3 million young people in America do not have jobs, Senator Bernie Sanders (I-Vermont), Rep. John Conyers (D-Mich.) and Rep. Eleanor Holmes Norton (D-D.C.) announced Wednesday at the Sasha Bruce Youthwork center in Washington, D.C. that they will introduce legislation to help young people find work.

Illick, Lewis Creek Association honored with GMP-Zetterstrom Environmental Award

Wed, 07/19/2017 - 4:20pm -- tim

Vermont Business Magazine Marty Illick and the Lewis Creek Association, a leading Vermont water quality and conservation organization, have been honored with the eighth annual GMP-Zetterstrom Environmental Award. The award, named for famed osprey advocate Meeri Zetterstrom of Milton, was presented Wednesday for more than 25 years of work and education to improve the Lewis Creek watershed, which spans Ferrisburgh, Monkton, Charlotte, Hinesburg, Starksboro and Bristol in Addison and Chittenden counties.

$500,000 granted for new Burlington waterfront park

Wed, 07/19/2017 - 4:12pm -- tim

Vermont Business Magazine Senators Patrick Leahy (D-Vermont) and Bernie Sanders (I-Vermont), along with Congressman Peter Welch (D-Vermont), announced Wednesday that Burlington had been selected for a $500,000 Outdoor Recreation Legacy Partnership (ORLP) program competitive grant from the National Park Service, which will help the city acquire 12 acres on shores of Lake Champlain to develop a new city park and eventually develop a trail connecting two other park properties as well as other recreational amenities.  Funding for this project was awarded after a 2016 letter of

BED issues 'Defeat the Peak' alert for Thursday

Wed, 07/19/2017 - 2:16pm -- tim

Vermont Business Magazine The Burlington Electric Department today issued a peak day alert for Thursday as part of its newly-launched Defeat the Peak program, encouraging members of the Burlington community to reduce their energy usage tomorrow between 3:00pm and 7:00pm. Burlingtonians can lend a hand by taking the following steps on what is projected to be a very hot, summer day.

Vermont Mutual recognized by Ward Group as a Top 50 insurer for ninth year

Wed, 07/19/2017 - 1:37pm -- tim

Vermont Business Magazine For the ninth consecutive year, Vermont Mutual Insurance Group has been recognized as one of the top 50 Property and Casualty insurers in the United States by Ward Group, an Aon Hewitt company and one of the industry’s most respected benchmarking organizations. Every year Ward Group identifies the industry’s top insurance companies through a comprehensive financial analysis of approximately 3,000 U.S. property and casualty insurers. The “Ward’s 50” recognizes insurers for their consistency, safety and superior financial performance. 

Operator of two salvage yards fined for failing to secure permits

Wed, 07/19/2017 - 1:24pm -- tim

Vermont Business Magazine The Agency of Natural Resources announced today that Andrew Mitchell is to pay $9,937 for operating properties in both West Burke and Lyndonville as salvage yards without first obtaining state and local permits. Salvage yards provide important waste management services to Vermonters by reusing and recycling materials from junk automobiles, including hazardous waste like battery acid, gasoline and other vehicle fluids.

Mary Alice McKenzie leaving Boys and Girls Club

Wed, 07/19/2017 - 12:06pm -- tim

Vermont Business Magazine After 10 years leading the Boys & Girls Club of Burlington, longtime Executive Director Mary Alice McKenzie is leaving her position. She will be replaced by Tanya Benosky, the Club’s Director of Development and Communications. Prior to join the Boys & Girls Club, McKenzie had career opportunities that included serving as Chief Executive Officer of McKenzie of Vermont, General Counsel of the Vermont State Colleges and Chair of Central Vermont Public Service.

Hoffman: The state that loves refugees

Wed, 07/19/2017 - 8:20am -- tim

by Jack Hoffman Public Assets Institute Despite the recent turmoil in Rutland, Vermont owes it to itself to take a good, hard look at the benefits of welcoming the world’s growing numbers of refugees. We have excess capacity in our schools, and refugees’ families could fill many of the empty classroom seats while bringing diversity to our communities. It’s not just the right thing to do, it would also give a boost to the state’s economy. Vermont should lead the way—like we did with same-sex marriage and equitable education funding.