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Vermont's sweet forest enterprise

Sat, 04/07/2018 - 11:57am -- tim

by Christine McGowan Butternut Mountain Farm in Morrisville, Vermont epitomizes both the quaint history and bright future for Vermont’s maple industry. The third generation sugaring operation, now run by siblings Emma and Ira Marvin, stands poised to build on the foundation of botany, forestry and maple syrup production laid by their father and grandfather, to capitalize on growing demand for pure maple syrup.

NBT Bancorp Inc subsidiary acquires Retirement Plan Services

Sat, 04/07/2018 - 3:48am -- tim

Vermont Business Magazine NBT Bancorp Inc (NBT) subsidiary EPIC Advisors, Inc. (EPIC), a full-service 401(k) recordkeeping firm, has acquired Retirement Plan Services, LLC (RPS), a retirement plan services company located near St Louis, Missouri, that provides full-service recordkeeping, administration and plan design solutions to employers nationwide. NBT Bank has branches in Northwestern Vermont.

Landlords settle claims for violations of lead laws

Fri, 04/06/2018 - 1:40pm -- tim

Vermont Business Magazine The Attorney General’s Office settled with six landlords in Vermont for violations of consumer protection and lead laws. Vermont’s lead law protects all Vermonters, especially children, from the harmful effects of lead poisoning.  Every landlord with pre-1978 rental properties is required to submit annual compliance statements which show that the landlords have performed the essential maintenance practices (known as EMPs) and the properties are in compliance with the lead law. 

51,000 customers restored, GMP crews work on remaining 4,430

Fri, 04/06/2018 - 12:34pm -- tim

Vermont Business Magazine Green Mountain Power crews are working hard and are well on the way to getting the lights back on for the nearly 56,000 customers affected by Wednesday’s strong winds. The storm brought tropical storm force winds, leaving widespread damage across the state, particularly east of the Green Mountain Ridge, with Windham County hit especially hard. Crews are encountering downed trees, lines, and broken poles.

PAI: What’s the cost of cost containment?

Fri, 04/06/2018 - 12:32pm -- tim

by Jack Hoffman Public Assets Institute Cost containment is the watchword around public education this legislative session, with a focus on “high spenders.” The assumption seems to be that reining in high-spending school districts will free up lots of money for low-spending districts and also lower property taxes for everyone. No one has defined “high spender” or “low spender,” although for some legislators the terms appear relative to their own towns’ spending. But one way to analyze education spending is to see where the majority of pupils fall and then look at who lies above and below.

Sanders announces three senior town meetings in Vermont

Fri, 04/06/2018 - 11:44am -- tim

Vermont Business Magazine US Senator Bernie Sanders (I-Vermont) announced today that he will hold three senior town meetings throughout Vermont on Saturday, April 14, to discuss issues facing older Vermonters. The meetings will be held in Montpelier, Newport and St Albans. The series of town meetings will include a discussion on Social Security, Medicare and Medicaid, as well as the high cost of prescription drugs, affordable housing, transportation and healthy food.

RSVPs are required. Please call Sanders’ office at 800-339-9834 to RSVP.

Report: Vermont second highest of parents with health insurance

Fri, 04/06/2018 - 11:29am -- tim

Vermont Business Magazine In the United States, the proportion of parents without health insurance has dropped 39 percent in just six years, according to the Annie E Casey Foundation's Kids Count Data Center. Today, only 11 percent of parents lack health coverage. At the state level, the rate of uninsured parents fell without exception. West Virginia reported the greatest change — a drop of 14 percent — leaving just 5 percent of parents uninsured in 2016. Maine, Massachusetts and Wisconsin reported the smallest drop — a dip of 1 percent. But those states already have high rates of coverage. Massachusetts is first with only 2 percent of parents not covered by health insurance. Vermont was tied for second with Hawaii at 3 percent not covered. Texas is by far the highest at 23 percent.

Weekly unemployment claims low, hold steady

Fri, 04/06/2018 - 11:05am -- tim

Vermont Business Magazine Weekly unemployment claims last week fell slightly and remain below 500 and well under claims for the same time last year. For the week of March 31, 2018, there were 434 claims, 16 fewer than than they were the previous week, and 106 fewer than they were a year ago. Altogether 5,394 new and continuing claims were filed, a decrease of 493 from a week ago and 856 fewer than a year ago. For most weeks of 2017 and into 2018 claims have been below the year before. 

For UI claims last week by industry, Services, which typically accounts for most claims, fell 3 points and accounted for 46 percent of all claims. Manufacturing was up 5 points to 16 percent and Construction was 16 percent of total claims, down 6 points, as the construction season warms back up.

UVM-developed ground-penetrating radar earns Smart 50 Award

Fri, 04/06/2018 - 10:21am -- tim

'Cognitive' Technology Could Vastly Speed Inspection Process for Urban Development

Vermont Business Magazine Digging a hole in most major cities – for new construction or infrastructure repair – is no minor undertaking. With a dozen or more separate utilities required to inspect the ground under the dig site for a welter of obstructions like water, sewer and gas pipes, electric lines and electric generators – some so old they don’t appear on city maps – the permitting process can take 18 months or more.  

ARC Mechanical under new ownership

Fri, 04/06/2018 - 10:04am -- tim

Vermont Business Magazine After nearly 50 years in the HVAC industry, Wil Buskey, ARC Mechanical Contractors’ owner, officially retired December 31, 2017. From the time he was honorably discharged from the US Navy where he learned about HVAC/R and electrical systems, Wil worked in the heating, ventilation, air conditioning, and refrigeration business in some capacity.

Efficiency Vermont recognized as Energy Star partner by EPA

Thu, 04/05/2018 - 5:04pm -- tim

Vermont Business Magazine The US Environmental Protection Agency’s New England office, along with the US Department of Energy are honoring 12 ENERGY STAR partners for their outstanding contributions to public health and the environment. These enterprises will be named ENERGY STAR Partners of the Year for demonstrating national leadership in cost-saving energy efficient solutions. The 12 New England businesses and organizations are among a total of 163 Partner of the Year awards that will be presented in Washington, DC, on April 20.