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Sonnax sold to Warren Buffett company

Fri, 04/20/2018 - 11:02am -- tim

by Bruce Edwards Vermont Business Magazine Sonnax Industries Inc, a maker of automatic transmission parts in Bellows Falls, was sold in early April to Marmon Holdings, Inc, a subsidiary of Warren Buffett’s company, Berkshire Hathaway. Sonnax was an employee-owned company, whose ESOP was sued by the US Department of Labor, as first reported by VBM in January 2017. 

According to a press release and email, the new company will operate as Sonnax Transmission Company. Terms of the sale were not disclosed. The company will remain in Vermont.

Vermont unemployment rate remains at 2.8 percent in March

Fri, 04/20/2018 - 10:55am -- tim

Vermont Business Magazine The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for March was 2.8 percent. This reflects no change from the revised February rate. The national rate in March was 4.1 percent. As of the prior month’s preliminary data, the Burlington-South Burlington Metropolitan NECTA was fourth lowest unemployment rate in the country for all metropolitan areas. Overall, Vermont’s unemployment rate was tied for the fourth lowest in the country for the same time period.

Vermont’s Greenest Building Award winners announced

Fri, 04/20/2018 - 5:58am -- tim

​Vermont Business Magazine The sixth annual Vermont’s Greenest Building Awards, hosted by the Vermont Green Building Network (VGBN), recognized seven projects and design/build teams. The projects received awards for achieving the highest standard of demonstrated building energy performance for residential and commercial buildings, and were judged based on an expanded definition of “green” building.

Grinold: Paid internships make a difference in Southern Vermont

Fri, 04/20/2018 - 5:42am -- tim

by Adam Grinold Brattleboro Development Credit Corporation Each summer college students search for opportunities that allow them to apply their education and gain hands on experience. Internships are also important to businesses, especially in Vermont’s Windham region where low unemployment means employers compete hard to secure talent. The BDCC & Six College Collaborative Internship program works to partner currently enrolled college students and recent college graduates with local Windham County businesses through paid work opportunities.

Seven Days’ 9th annual Vermont Restaurant Week starts Friday

Fri, 04/20/2018 - 5:17am -- tim

Vermont Business Magazine Seven Days, Vermont’s free and independent weekly newspaper, is excited for the 9th Annual Vermont Restaurant Week, a celebration of the state’s vibrant food scene presented by the Vermont Federal Credit Union. For 10 days, April 20 to 29, 115 restaurants from Brattleboro to St. Albans will offer special prix-fixe dinners at three price points — $20, $30 or $40 per person. Lunch, brunch and breakfast specials at select locations will also be available.

Newly expanded Tri State Area Federal Credit Union chooses FirstLight

Fri, 04/20/2018 - 2:41am -- tim

Vermont Business Magazine FirstLight, a leading fiber-optic bandwidth infrastructure services provider operating in the Northeast, has announced that Tri State Area Federal Credit Union, formerly Hoosick Federal Credit Union, has selected FirstLight for Internet and Voice services for its Bennington, VT location. Tri State Area Federal Credit Union (FCU) is a small, up and coming ($24M) community chartered not-for-profit doing business in the Tri State area of New York, Vermont and Massachusetts. The company will utilize FirstLight’s services to support data processing in the cloud. 

Team Vermont for 2018 Special Olympics USA Games honored at State House

Thu, 04/19/2018 - 4:22pm -- tim

Vermont Business Magazine Vermont will be represented at the 2018 Special Olympics USA Games by 19 athletes, Unified partners, and coaches competing in athletics (track and field events), Unified basketball, and swimming. Every four years, Special Olympics presents the USA Games where athletes from across the country compete in 14 team and individual sports. Over 4000 Special Olympic athletes are expected to participate in the USA Games this July in Seattle, Washington. 

Governor Scott signs executive order creating a Community Violence Prevention Task Force

Thu, 04/19/2018 - 4:05pm -- tim

Vermont Business Magazine Governor Phil Scott today signed an executive order creating a Community Violence Prevention Task Force. The Executive Order, he said in a statement, is one part of the governor’s broader efforts to ensure Vermont continues to be one of the safest states in the country.

Senate overrides Scott's veto of S103 toxic materials bill

Thu, 04/19/2018 - 3:36pm -- tim

Vermont Business Magazine The state Senate has quickly overridden Governor Phil Scott’s veto of bill S103, which sought to give the Vermont Health Commissioner more flexibility in regulating consumer goods, with special concern regarding those for young children. The bill also follows along from the PFOA contamination in Bennington from the ChemFab plant, discovered in 2016. The bill would require testing of new groundwater sources and potable water supplies for specified chemical parameters. The governor vetoed S103 last Monday night. In doing so, he said the bill is duplicative to the state's already strong standards on hazardous materials and could increase costs of goods to consumers and businesses.

Welch calls for resignation of EPA Administrator Pruitt

Thu, 04/19/2018 - 12:20pm -- tim

Vermont Business Magazine Representative Peter Welch (D-Vermont) is calling for the immediate resignation of Environmental Protection Agency (EPA) Administrator Scott Pruitt. Welch has co-sponsored a House ‘no confidence’ resolution (H.Res. 834) in response to Pruitt’s reported ethics violations, misuse of taxpayer funds, and policy actions that have undermined the agency’s core mission at expense of the environment, public health and science.

Vermont Veterans’ Home in Bennington gets $792K

Thu, 04/19/2018 - 12:14pm -- tim

Vermont Business Magazine Senator Patrick Leahy (D-Vermont), joined by Senator Bernie Sanders (I-Vermont) and Representative Peter Welch (D-Vermont), announced a $792,000 grant to bring the medical records system at the Vermont Veterans’ Home in Bennington into the 21st century. The grant meets a longstanding priority of the Bennington facility and was made possible by new funding for veterans in the bipartisan budget agreement reached by Congress in February.

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