Vermont Business Magazine Sanel Auto Parts, Co has announced that the company is joining NAPA AUTO PARTS. Under its new name, Sanel NAPA, the company will continue to be independently owned and operated by the Segal family, the fourth generation to lead the company. Sanel is based in New Hampshire with stores in Vermont. Sanel NAPA will be purchasing eight additional NAPA stores, three in New Hampshire, four in Maine and one in Massachusetts. By joining NAPA, Sanel will be able to provide increased inventory in stores, enhanced access to more products and parts, and faster supply chain logistics to deliver more efficiently at competitive prices. Sanel NAPA will now be a single source for more than 525,000 quality parts, sourcing products and services from over 1,600 manufacturers from multiple distribution centers, with improved retail and wholesale merchandising programs to meet the multiple needs of customers.
Vermont Business Magazine Northern Power Systems Corp (TSX:NPS), a next generation renewable energy and energy storage technology company based in Barre, announced Tuesday continued financial difficulties with results for its first quarter of 2018. The business, which relies heavily on wind turbine sales to Italy, has seen significant decline in revenues because of uncertainty in overseas economies and politics, particularly Italy and Brazil. The firm could face delisting on the TSX. Revenues for the three months ended March 31, 2018, were $1.6 million, compared to $6.2 million in the first quarter of 2017. GAAP net loss for the first quarter of 2018 was $1.8 million, compared to a net loss of $1.2 million in the prior year first quarter. Order backlog at the end of the first quarter was $7 million, compared to $30 million for the prior year first quarter. Earlier this year, NP announced it was furloughing manufacturing workers at its Barre plant. It told VBM it has about 50 employees in Vermont.
Vermont Business Magazine More than 50 Community College of Vermont faculty and community supporters turned out in driving rain for the CCV United Faculty informational picket "for job security and fair pay" at the Vermont State Colleges Chancellor's Office in Montpelier on Tuesday. According to a union press release, contract negotiations for the CCV faculty have reached impasse and no new negotiations are scheduled until June 11, the first date the administration made available.
Vermont Business Magazine Governor Phil Scott and Vermont Department of Labor Commissioner Lindsay Kurrle will join the Associated General Contractors of Vermont and high school students from all over the state to declare today, May 16th, Careers in Construction Day. Hosted annually, Careers in Construction Day brings together Vermont juniors and seniors and construction businesses for hands-on learning and demonstrations to increase awareness of the jobs available in the construction industries.
by Pat McDonald, President of Campaign for Vermont Vermonters and their hard-earned dollars are exhausted from experiencing the rollercoaster ride that is our government's approach to economic policy. Despite repeated pleas from Vermonters to address affordability and avoid upward pressures on tax bills, this session has once again left them with a feeling that no one is listening to them, leaving them holding the bag.
Vermont Business Magazine Eight Vermont startups will compete in the LaunchVT Final Pitch Competition on Thursday, May 17 from 5 to 8 pm at the Film House at Main Street Landing. Come see the 2018 cohort compete for $100,000 in cash and in-kind services! Watch all eight teams pitch their businesses to a panel of expert judges, network with dozens of investors and community partners, and see who takes home the top prizes. Back by popular demand this year is the Crowd Pitch Off.
Vermont Business Magazine Community Bank NA recently presented King Street Center in Burlington with a $5,000 donation to support the organization’s summer teen programming. The funds will help cover the cost of daily meals, tutoring and various adventures. King Street Center’s Teen Futures program provides middle and high school youth with the opportunity to develop their interests and learn new skills. The program includes several core components that focus on academic success, healthy lifestyle choices and job readiness training. These activities are balanced with daily opportunities for sports, games, field trips and more.
Vermont Business Magazine Age Well (formerly the Champlain Valley Agency on Aging), Vermont’s largest Meals on Wheels provider, has entered into a partnership with Lindley Food Service to support the growing demand and changing environment of Meals on Wheels. Under the current model, Age Well oversees fourteen different food vendors across Northwestern Vermont.
Vermont Business Magazine Governor Phil Scott released a letter to legislative leadership Tuesday evening indicating that he will call a Special Session of the Legislature to begin next Wednesday, May 23. The governor is declining to sign the $5.8 billion budget and related education spending bill because of what he views as a tax hike to cover education expenses. Because this is a Special Session and not a Veto Session, any piece of legislation can be brought to the floor. Scott hopes to wrap up the session on Friday, May 25.
Vermont Business Magazine The University of Vermont Medical Center’s Community Health Investment Fund has committed a third year of funding to "Who’s Your Person… What’s Your Plan?" an initiative designed to increase the use of advance medical directives among Vermonters living in Chittenden and Grand Isle counties.
Vermont Business Magazine Green Mountain Power President and CEO Mary Powell accepted a 2018 Rachel Carson Award Medal from the Audubon Society for her environmental conservation work. The national award honors women who have greatly advanced conservation locally and globally. Audubon honored Powell’s ambitious energy vision to provide low-carbon, low-cost, highly reliable power to Vermonters.
Vermont Business Magazine Southern Vermont College (SVC) recognized 84 degree candidates and 2 certificate recipients at its 91st Commencement exercises on Saturday, May 12, on the Greystone Lawn of the Everett Mansion. An Honorary Degree of Humane Letters was awarded to Nicholas T Pinchuk, Chairman and Chief Executive Officer of Snap-on Incorporated. Pinchuk addressed the graduates as Commencement speaker.