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Killington resort opens for the season Wednesday

Tue, 11/07/2017 - 4:53pm -- tim

Vermont Business Magazine Vermont’s Killington Resort, the largest ski and snowboard destination in Eastern North America, and part of the POWDR adventure lifestyle company, is scheduled to kick off its 2017-18 winter season at 9:30 a.m. on Wednesday, November 8, 2017, becoming the first Eastern resort to open for skiing and snowboarding. The first turns of the season will be reserved exclusively for Season Pass and Express Card holders and the resort will open to the general public on Thursday, November 9, 2017 at 9 am.

Sanders calls for investigation into 'Paradise Papers' findings

Tue, 11/07/2017 - 4:48pm -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont), ranking member of the Senate Budget Committee, on Tuesday called on Congress to conduct an investigation into the offshore tax dodging uncovered by the International Consortium of Investigative Journalists in the “Paradise Papers." In a letter to Sen. Mike Enzi (R-Wyo.), chairman of the Senate Budget Committee, Sanders urged the Budget Committee to investigate how much offshore tax evasion has contributed to the $20 trillion national debt.

Leahy urges Senate Finance Committee to reject tax changes to 401(k)’s

Tue, 11/07/2017 - 4:37pm -- tim

Vermont Business Magazine Senator Patrick Leahy (D-Vermont) Tuesday led a group of Senate Democrats in calling on the leadership of the Senate Finance Committee to reject changes to the tax system that would harm existing tax incentives for Americans to save for retirement.  The letter comes as Senate Republicans are poised to release their own version of tax reform legislation later this week.

Preliminary wind damage assessment begins Wednesday

Tue, 11/07/2017 - 12:46pm -- tim

Vermont Business Magazine On November 8th Vermont Emergency Management, the Vermont Agency of Transportation, Federal Emergency Management Agency, and other partners will begin verifying damage caused by rain and wind storms. Vermont officials have identified more than $4.5-million in public infrastructure damage resulting from the storm. The Preliminary Damage Assessment (PDA) will determine if the state qualifies for a federal Public Assistance disaster declaration.

Blanchard: Managing the unknown of surprise medical expenses

Tue, 11/07/2017 - 12:30pm -- tim

by Seth Blanchard Major medical expenses can carry a heavy financial toll. And the fact is, all of us are susceptible to an unforeseen medical event. If you experience an accident or injury, cost may be the least of your concerns initially. Yet, unexpected medical care has the potential to impact your financial situation in a big way. Before it does, take the time to prepare your strategy for dealing with surprise medical expenses. Here are several strategies to help you get started.

Plan ahead with health insurance

Gifford’s Strode Independent Living receives Efficiency Vermont cash incentive

Tue, 11/07/2017 - 11:34am -- tim

Vermont Business Magazine Gifford Health Care has received an $118,500 Efficiency Vermont incentive for incorporating energy-efficient choices while constructing the Strode Independent Living at Morgan Orchards Senior Living Community in Randolph Center. The rebate represents the initial value of money saved through the selection of the energy-saving equipment, appliances, and lighting that were installed in the 49-apartment building.

Anne Watson to run for mayor of Montpelier

Tue, 11/07/2017 - 11:22am -- tim

Vermont Business Magazine Anne Watson, the city’s longest currently-serving councilor, announced Monday night that she is running for mayor of Montpelier in the 2018 March election. This announcement comes shortly after Mayor John Hollar announced last week that he will not seek re-election. Watson is an award-winning physics teacher at Montpelier High School, where she has taught for the past 13 years. As president of the council for the past three years, she has assumed the duties of the mayor in his absence.

McClaughry: Tax Reform and Fiscal Responsibility

Tue, 11/07/2017 - 5:05am -- katie

Vermont Business Magazine by John McClaughry Republicans in Congress have decided that with their embarrassing failure to “reform and replace” Obamacare, they absolutely must produce one popular legislative achievement to present to voters a year from now. Tax reform is an imperative. There’s not much else coming down the legislative pipeline.

EPA funds activities protecting against asbestos in schools

Tue, 11/07/2017 - 3:36am -- tim

Vermont Business Magazine New England states received a total of $631,000 from the US Environmental Protection Agency this year to fund activities designed to protect students, teachers and other people in school buildings from the health threats of asbestos. Five New England state agencies received between $100,000 and $166,000, depending on the amount of work they committed to do, including fully carrying out the federal compliance monitoring program.

WCAX owner reports record operating results

Mon, 11/06/2017 - 3:56pm -- tim

Vermont Business Magazine Gray Television, Inc (NYSE: GTN and GTN.A) today announced record-setting results of operations for the third quarter and year-to-date periods ended September 30, 2017, including record revenue and net income. The Atlanta-based parent company of many local CBS television affiliates acquired WCAX-TV from the Martin family for $29 million in June 2017. Gray also announced it had renewed all its CBS contracts through 2021.

Vermont gets $4.2 million from Volkswagen

Mon, 11/06/2017 - 2:09pm -- tim

Vermont Business Magazine Vermont Attorney General TJ Donovan announced today that a Vermont judge has given final approval to the State of Vermont’s $4.2 million settlement with Volkswagen Auto Group. The settlement, originally announced in late Spring, needed to be approved by a Vermont court after the case was sent back to Vermont from a multi-district litigation in California. The settlement’s approval resolves the environmental portions of a case filed by Vermont relating to Volkswagen’s sale and lease of diesel automobiles that were fitted with illegal “defeat devices” used to conceal the release of harmful pollutants in excess of Vermont’s vehicle emission standards.

Brattleboro's NutraGenesis sold to NJ firm for $28 million

Mon, 11/06/2017 - 1:59pm -- tim

Vermont Business Magazine Innophos Holdings, Inc (NASDAQ: IPHS) announced today that it has acquired NutraGenesis, a Brattleboro, Vermont-based marketer of proprietary, branded and science-backed nutraceutical ingredients. Innophos is based in Crannberry, NJ. It's been in an acquisition mode and acquired Novel Ingredients for a total purchase price of $125 million in August. Novel is a New Jersey-based provider of dietary supplement ingredient solutions. According to its Web site, NutraGenesis offers a diverse portfolio of patented, branded nutraceutical ingredients for dietary supplements. NutraGenesis will remain in Brattleboro.