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Former tax examiner arraigned for embezzlement

Thu, 01/17/2019 - 5:06pm -- tim

Vermont Business Magazine Attorney General TJ Donovan announced that Chelsea Hoadley of Greensboro Bend, Vermont, a Tax Examiner with the Vermont Department of Taxes, was arraigned today in Washington County Criminal Court on four felony counts of embezzlement in violation of 13 V.S.A. § 2537, and on four felony counts of identity theft in violation of 13 V.S.A. § 2030(a).  Ms. Hoadley, represented by attorney Maggie K. Vincent, Esq, entered a plea of not guilty.

People's United Financial reports 4Q 2018 net income of $132.9 million

Thu, 01/17/2019 - 5:01pm -- tim

Vermont Business Magazine People's United Financial, Inc. (NASDAQ: PBCT) today reported results for the fourth quarter and full year 2018. The Board also declared a quarterly cash dividend of $0.3515625 per share on the Company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock.  The dividend is payable on March 15, 2019 to shareholders of record at the close of business on March 1, 2019.

- Operating Earnings of $0.36 per Common Share

- Announced the acquisition of BSB Bancorp and acquired VAR Technology Finance.

Vermont gets nearly $3 million to settle consumer and enviro cases

Thu, 01/17/2019 - 3:35pm -- tim

Vermont Business Magazine Attorney General TJ Donovan announced today that the State of Vermont will receive $2,941,047 million as a result of four different settlements. The settlements announced today are the results of consumer and environmental protection actions taken by the Vermont Attorney General’s Office. “These settlements are good news for Vermonters and the State. I am proud of our team for their hard work in holding these companies accountable.”

The settlement details are as follows:

PAI: ‘The good’ of Vermont is in its community schools

Thu, 01/17/2019 - 3:21pm -- tim

Public Assets Institute In his Inaugural Address, Governor Phil Scott described a state of 251 towns, cities, and villages, where  “the good” of Vermont “lives in each and every one of our communities.” But the administration also released this month a vision for the future of education in Vermont: one Greatly Simplified School District (GSSD) that would abolish local school boards and districts and run the education system out of Montpelier. Apparently, the people in those towns and villages are not good enough to run their schools.

Legislative leaders support Vermonters affected by government shutdown

Thu, 01/17/2019 - 3:07pm -- tim

Vermont Business Magazine Vermont legislative leaders today pledged action to help blunt negative impacts of the federal government shutdown. House Speaker Mitzi Johnson and Senate Pro Tempore Tim Ashe highlighted community and financial resources available to citizens and businesses in need, as citizen concerns mount amid fears the shutdown could last long enough to strain Vermont citizens and businesses.

Ski areas could see record business over MLK weekend

Thu, 01/17/2019 - 1:52pm -- tim

Vermont Business Magazine Timing is everything. A strong early season, rock-solid reservation numbers and a snowstorm looming in the forecast could add up to record business at Vermont ski areas over the Martin Luther King holiday weekend. Meteorologists are predicting that up to 20-plus inches of fresh snow could hit the Green Mountains over the weekend, with timing seemingly tailor-made for ski areas: Late enough to not adversely impact travel, but right on time to deliver ideal powder conditions for holiday guests.

DPS creates wireless coverage maps and submits challenge to carriers

Thu, 01/17/2019 - 5:07am -- tim

by Timothy McQuiston, Vermont Business Magazine The Department of Public Service has created an interactive map that shows the results of a drive test of mobile wireless coverage in the state. After reviewing providers’ maps that purport to show the extent of their coverage, the Department undertook a drive test of all major roads in the state to collect data and assess where mobile wireless service is actually available from a consumer perspective.

Fat Toad Farm wins 4th Good Food Award

Thu, 01/17/2019 - 4:42am -- tim

Vermont Business Magazine Fat Toad Farm is excited to announce that they received a 2019 Good Food Award for their Vanilla Bean Goat's Milk Caramel Sauce. The nation's leading food producers, grocers, chefs, journalists and activists united in San Francisco on Friday, January 11th to honor the 220 Good Food Award winners. An annual awards ceremony now in its ninth year, the Good Food Awards recognizes American food and drink creators who demonstrate a commitment to creating tasty, authentic and responsibly made products and in doing so, better the nation's food system.

Missy Siner Shea to lead Special Olympics Vermont

Wed, 01/16/2019 - 8:37pm -- tim

Vermont Business Magazine On Thursday, the Special Olympics Vermont Board of Directors announced on its Web site that they have selected Melissa "Missy" Siner Shea to be the new President & CEO of Special Olympics Vermont, effective February 1, 2019. Shea comes to Special Olympics Vermont after four years as the Executive Director of the Wellesley College Alumnae Association. Prior to her time at Wellesley she worked as the Director of Admissions and Financial Aid for the Ethel Walker School in Simsbury, Connecticut.

Welch appointed to House Intelligence Committee

Wed, 01/16/2019 - 3:23pm -- tim

Vermont Business Magazine Representative Peter Welch (D-Vermont) was appointed today by House Speaker Nancy Pelosi to the House Permanent Select Committee on Intelligence, which oversees the federal government’s seventeen intelligence agencies and offices, including the Central Intelligence Agency, the Federal Bureau of Investigation, and the intelligence functions of the Departments of Defense, Homeland Security, Justice, State and Energy. The committee is also investigating Russia’s attempt to influence the outcome of the 2016 election.

Sanders, Democrats introduce bill raising minimum wage to $15

Wed, 01/16/2019 - 2:18pm -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont) and Rep Bobby Scott (D-VA), chairman of the Committee on Education and Labor, joined House and Senate leadership Wednesday to introduce the Raise the Wage Act of 2019. The bill would gradually raise the minimum wage to $15 by 2024, index future minimum wage increases to median wage growth and ensure all workers are paid at least the full federal minimum wage by phasing out the subminimum wages for tipped workers, youth workers and workers with disabilities.