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Sanders states case on prescription drugs

Thu, 05/10/2018 - 4:56pm -- tim

Vermont Business Magazine Senator. Bernie Sanders (I-Vermont) delivered the following statement at a press conference with House and Senate Democrats Thursday ahead of the president's upcoming address on prescription drug prices: "At a time when corporate America has unprecedented wealth and power, the pharmaceutical industry distinguishes itself as perhaps the most greedy and irresponsible corporate entity. Last year, five major drug companies made over $50 billion in profit. That is in one year, and the top five CEOs in the pharmaceutical industry made over $113 million in total compensation."

Scott: Legislature attempts to raise at least $83 million more in taxes

Thu, 05/10/2018 - 1:36pm -- tim

Vermont Business Magazine Governor Phil Scott today issued the following statement: “As too many of our families and businesses are aware, the affordability crisis is real. Its undermining the economies in most counties across the state. Working to reverse this trend is one of the primary reasons I ran for governor."

NG Advantage owner gets $83.4 million equity investment

Thu, 05/10/2018 - 1:11pm -- tim

Vermont Business Magazine The owner of Vermont's NG Advantage is getting a major new investor. Total SA (CAC: TOTF. PA) and Clean Energy Fuels Corp. (Nasdaq: CLNE) today announced that the two companies have entered into a broad strategic agreement to drive deployment of new natural gas heavy-duty trucks. Total has agreed to purchase up to 50.8 million shares of Clean Energy’s common stock for $83.4 million, to become Clean Energy’s largest stockholder with ownership of 25% of Clean Energy’s outstanding shares of common stock. NG Advantage is based in Colchester with a natural gas pipeline (Vermont Gas) terminal in Milton. California-based Clean Energy acquired a majority stake in NG in October 2014.

CDC builds bridges for SVMC trails

Thu, 05/10/2018 - 12:56pm -- tim

Vermont Business Magazine Bennington’s Career Development Center Building Trades students built two bridges for the walking trails at Southwestern Vermont Medical Center (SVMC), and in conjunction with the Forestry Program, installed them on Thursday, April 26. The bridges improve the trails and encourage healthy outdoor activity among those of all skill levels. In the photo above, students gathered with members of the SVMC engineering staff on one of the bridges on the day of its installation.

Kingdom Trails now open

Thu, 05/10/2018 - 12:17pm -- tim

Vermont Business Magazine If you have yet to visit Burke Mountain during the warmer months this is the year to make it happen.  Not only are we known for the classic pitch of our ski trails, our corner of the Kingdom has the best (and longest) network of singletrack mountain bike trails in New England.  From family-friendly loops perfect for children and beginners on Kingdom Trails to the fun-flowy excavated trails on Burke Mountain, we truly have something for everybody - no matter the season.  When you visit East Burke, Vermont, the trails are truly what sets us a part. 

House sends dam safety and drinking water protection bill to governor

Thu, 05/10/2018 - 12:10pm -- tim

Vermont Business Magazine The Vermont House today gave its final approval to H.554, a bill addressing dam safety and drinking water protection. H.554 requires the Department of Environmental Conservation (DEC) to maintain an inventory of all known dams in Vermont and inspect them under DEC jurisdiction on a regular, risk-based schedule. There are 820 known dams in the state. Of those, 696 are under DEC jurisdiction. H.554 now heads to Governor Scott’s desk.

Vermont Life to cease publication

Thu, 05/10/2018 - 11:14am -- tim

by Timothy McQuiston Vermont Business Magazine Vermont Life Magazine will sunset print operations at the end of the current fiscal year, June 2018, due to years of chronic operational deficits as a result of a changing media landscape. A digital brand will continue in some form, but the summer issue will be the last print issue and the future of the famous calendar beyond 2019 has not been determined. The state had tried to sell Vermont Life earlier this year. Vermont Business Magazine was one of several bidders.

Vermont solar company to power entire NH town

Thu, 05/10/2018 - 6:13am -- tim

Vermont Business Magazine Newport, NH, voters have approved by a margin of 652 to 235 a 2.2-megawatt solar energy project capable of providing the entire annual energy needs for Newport Town and School facilities. The solar installation will be the largest municipal project in New Hampshire and one of the state’s largest overall. Likewise, the solar arrays will make Newport the largest town in the state to net its entire municipal and school district energy demand from solar energy. The vote Tuesday night authorized the Town and School District to enter into a 25-year Power Purchase Agreement (PPA) with local solar developer Norwich Solar Technologies for the project.

Urban Search and Rescue Team recognized as Outstanding Team

Thu, 05/10/2018 - 4:06am -- tim

Vermont Business Magazine Vermont’s Urban Search and Rescue team Task Force 1 was recognized as Outstanding Team at the Vermont Public Service Recognition Awards. Among other accomplishments, USAR TF1 team members deployed to Texas to assist with rescues following Hurricane Harvey. The highly trained 90-person team is comprised of responders from agencies and departments around the state.  The team provides unique and specialized emergency response services, including swiftwater rescue, structural collapse searches, confined space rescue, and trench rescue.

BBA And Perrywinkle’s raise funds for Howard Center Street Outreach Team

Thu, 05/10/2018 - 3:07am -- tim

Vermont Business Magazine For forty years, the Burlington Business Association (BBA) has found ways to give back to the community it works in support of. For this year’s BBA Annual Dinner and Awards, held Thursday, April 5th, 2018, the BBA partnered with Perrywinkle’s Fine Jewelry, who generously donated a Rolex Oyster Perpetual watch and winder package valued at $8,150 to be raffled off at the annual event. A portion of the proceeds from this raffle are being donated to the Howard Center Street Outreach team. The Street Outreach Team is made up of four individuals, including team leader, Tammy Boudah, Hannah Toof, Casey Lee, and Eric Goldmann.

Construction begins at Killington for $16 million in new investments

Wed, 05/09/2018 - 4:39pm -- tim

Vermont Business Magazine Helicopters and lift towers were flying over Killington Resort Tuesday as the first phase of construction kicked off ahead of the 2018/19 winter season. The highly anticipated return of lift service in the South Ridge area is officially in progress as lift towers were relocated from Snowdon to South Ridge. A new 6-person high-speed bubble chairlift will be installed to replace the Snowdon Quad ahead of next season.