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SCORE Vermont growing and seeks volunteer business mentors

Thu, 04/26/2018 - 11:09am -- Anonymous

Vermont Business Magazine SCORE Vermont is growing and seeking volunteers with business experience to become mentors to small businesses, start-ups, and entrepreneurs. SCORE offers no cost, confidential business mentoring, free business tools, and workshops to help businesses thrive and reach their goals. SCORE mentoring services are offered via one-on-one meetings, or through emails and video. Business mentors generally have professional business experience in marketing, accounting, technology, law, banking, operations and managing small businesses.

UVM awards seven REACH Grants to support faculty research

Thu, 04/26/2018 - 10:15am -- Anonymous

Vermont Business Magazine The Office of the Vice President for Research has announced the 2018/19 winners of the REACH Grant Program. REACH grants of up to $30,0000 are designed to promote innovative research, scholarship and creative projects that enhance UVM's reputation as an incubator for cutting-edge ideas; encourage faculty members to reach the next level of achievement in their research trajectory; and leverage institutional investment by providing the building blocks to support a larger application for competitive outside funding.

GMP ranked #8 for most energy storage installed

Thu, 04/26/2018 - 7:47am -- Anonymous

Vermont Business Magazine Green Mountain Power was named one of a select group for connecting the most solar storage to the grid. The Smart Electric Power Alliance (SEPA) just ranked GMP eighth nationwide for megawatts of energy storage added in 2017, and the company earned ninth for watts-per-customer storage. GMP moved up two spots on the list for total storage compared to last year, showing a continued commitment to partner with customers to increase reliability and drive down costs.

Vermont forests a critical part of global bird conservation effort

Thu, 04/26/2018 - 7:21am -- Anonymous

by Christine McGowan, Forest Program Director, Vermont Sustainable Jobs Fund This spring, when the Black-throated Blue Warblers, Wood Thrush, and Scarlet Tanagers make their annual return to Vermont from Central and South America, they will find new habitats for nesting and breeding in Vermont thanks to the Woods, Wildlife and Warblers program – a partnership between wildlife biologists, foresters and private landowners in Vermont.

Vermont Yankee still casts shadow over region’s future

Thu, 04/26/2018 - 6:44am -- Anonymous

by Bruce Edwards Vermont Business Magazine At the center of the Vermont Yankee story is Vernon, a town of 2,200 at the very southeastern part of the state. The nuclear power plant buoyed the local economy and the town’s tax base for decades until the plant ceased operation in December 2014. When it was operating Vermont Yankee at its peak had more than 600 employees who earned an annual wage of $105,000, according to a 2014 study by the University of Massachusetts Donahue Institute.

EPA grants help return blighted properties to productive reuse

Thu, 04/26/2018 - 5:49am -- Anonymous

Vermont Business Magazine Four Vermont organizations will share a total of $1.35 million in Brownfields Program assessment and cleanup grants from the US Environmental Protection Agency.  Brownfields grants allow communities to clean up contaminated properties, facilitating their redevelopment and reuse and improving local economies. The Vermont organizations include the Chittenden County Regional Planning Commission, Northeastern VT Development Association, Town of Springfield and Vermont River Conservancy.

Entergy reports increase in 1Q 2018 earnings

Thu, 04/26/2018 - 3:02am -- Anonymous

Vermont Business Magazine Entergy Corporation (NYSE: ETR) today reported first quarter 2018 earnings per share of 73 cents on an as-reported basis and $1.16 on an operational basis. These results reflect the lower federal income tax rate, favorable weather of 9 cents and a loss of (4) cents from the implementation of ASU No. 2016-01, which now requires the mark-to-market of equity investments in the nuclear decommissioning trust funds at EWC. Entergy is waiting on regulators to approve its intended sale of the Vermont Yankee nuclear power plant in Vernon.

Celebrating Arbor Day by planting trees

Thu, 04/26/2018 - 2:53am -- Anonymous

Vermont Business Magazine This week marks the beginning of the Intervale Center’s eighth annual spring tree planting campaign. Just in time for Arbor Day (April 27) and Mother’s Day (May 13), community members can help support the Center’s social enterprise, the Intervale Conservation Nursery, as we plant over 20,000 native trees and shrubs along rivers and streams in Vermont. 

House fails to override veto of S103, toxic materials bill

Wed, 04/25/2018 - 5:29pm -- Anonymous

Vermont Business Magazine The House effort to override Governor Phil Scott’s veto of S103, a bill that protects children and drinking water supplies from toxic chemicals, fell short today, as expected. The House voted 94-53 to override the veto. However, under the Vermont Constitution, two-thirds of House Members are needed to override a veto, or 100 members of the full House. The governor vetoed S103 Monday, March 16. The Senate quickly overrode Scott’s veto, March 19, in a 22-8 vote.

PAI: Raising property taxes won’t lower property taxes

Wed, 04/25/2018 - 4:46pm -- Anonymous

by Jack Hoffman Public Assets Institute The Legislature is again considering using the property tax as a deterrent against high spending in Vermont schools. Currently, school tax rates go up proportionally with per-pupil spending increases. The bill recently passed by the House would change the education funding system so that tax rates would rise faster than spending increases as a disincentive to higher spending.

Governor Scott to speak at Johnson State College commencement May 19

Wed, 04/25/2018 - 3:34pm -- Anonymous

Vermont Business Magazine Governor Phil Scott will speak May 19 at Johnson State College’s 151st commencement, at which about 310 associate’s, bachelor’s and master’s degrees are expected to be conferred. The 11 am ceremony will be on the college’s South Lawn. Tent seating for the ticketed ceremony will be reserved for graduating students, their guests, and those involved in the commencement. Other guests may watch the ceremony from the lawn, as it is simulcast at the Dibden Center for the Arts on campus, or online at Gates will open at 9 am, and parking will be on a first-come, first-served basis.

Ledyard Financial reports record quarterly earnings in 1Q18

Wed, 04/25/2018 - 3:29pm -- Anonymous

Vermont Business Magazine Ledyard Financial Group, Inc (ticker symbol LFGP), the holding company for Ledyard National Bank, today reported record quarterly earnings for the first quarter of 2018. Net income for the quarter ended March 31, 2018, was $1,207,304 or $0.39 per share compared to $1,006,669 or $0.33 per share for the same period in 2017, an increase of $200,635.