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PC Construction awarded Vermont Training Program grant

Thu, 03/14/2019 - 10:09am -- tim

Vermont Business Magazine PC Construction, an employee-owned company headquartered in South Burlington, Vermont, has been awarded $88,511 in Department of Economic Development, Vermont Training Program grant monies. Funding will be used to supplement PC Construction’s overall training initiatives, which target technical, business, management and leadership skills for the company’s employee-owners. Specific areas of training include construction contracting, financial management, and leadership competency development. 

Citibank fully releases Burlington from $33.5 million BT lawsuit

Wed, 03/13/2019 - 5:01pm -- tim

Burlington Telecom finally transferred to Schurz Communications

Vermont Business Magazine Over the last two days, the City of Burlington closed on the transfer of Burlington Telecom to Schurz Communications, marking the final step in the resolution of the city’s years-long financial crisis. The closing was announced Wednesday afternoon by Mayor Miro Weinberger. The closing follows the City Council’s 2014 unanimous decision to transfer Burlington Telecom to Blue Water LLC as part of the settlement agreement with Citibank; the Vermont Public Utility Commission’s February 19, 2019, order to grant certificates of public good and approve the sale; and Monday’s City Council 11-1 vote to authorize the final transaction between Blue Water LLC and Champlain Broadband, which is the local affiliate of Schurz Communications. Schurz is based in South Bend, Indiana. Despite the ownership change, it will still go by Burlington Telecom.

Senate gives initial OK to bill regulating entities handling health insurance payments

Wed, 03/13/2019 - 4:52pm -- tim

Vermont Business Magazine The Vermont Senate today gave preliminary approval of a measure that would for the first time regulate so-called third-party administrators, the firms that handle Vermonters’ health reimbursement arrangements, health spending accounts and flexible spending accounts. The measure, supported by Vermont-NEA as well as the administration of Gov. Phil Scott, emerged a year after thousands of educators’ medical claims and spending accounts were mishandled in the wake of new health insurance plans that went into effect on January 1, 2018. 

Vermont joins lawsuit challenging Trump 'emergency' declaration

Wed, 03/13/2019 - 4:48pm -- tim

Vermont Business Magazine Vermont Attorney General Donovan and attorneys general from Massachusetts, Rhode Island and Wisconsin today joined the coalition challenging President Trump’s declaration of a national emergency and his attempt to divert funding appropriated by Congress for other purposes. With these additional states, the coalition challenging the declaration includes 20 attorneys general. The coalition alleges that the Trump Administration’s emergency declaration and diversion of funds is unconstitutional and otherwise unlawful. The group seeks to block the Trump Administration’s emergency declaration, the unauthorized construction of the border wall, and any illegal diversion of Congressionallyappropriated funds.

Auditor urges state to become more transparent

Wed, 03/13/2019 - 1:13pm -- tim

by Doug Hoffer, Vermont Auditor of Accounts State government is a large and complicated enterprise. People understand the basic mission (i.e., public safety, health & well-being, infrastructure, etc.), but, for most, the inner workings are largely obscure. Some Vermonters try to learn about state government by seeking the documents that describe the mission, funding, and performance of state agencies. These documents include: budgets, performance reports, strategic plans, and information about contracts with vendors, among others.

Moulton: Being clean brings home the Gr$$n!

Wed, 03/13/2019 - 4:49am -- tim

by Patricia Moulton, President of Vermont Technical College Vermont’s clean and “green” reputation is alive and well. Yes, Vermont is the Green Mountain State, but it is also a leader in clean energy initiatives that boosts the other “green”- our economy. The current statewide pledge of 90 percent renewable energy by 2050 is an important initiative to keep Vermont green and bring home the gr$$n to its economy!

Treasurer Beth Pearce awards 1st place Vermont Treasury Cup trophy to Essex High students

Wed, 03/13/2019 - 4:44am -- tim

Vermont Business Magazine Students from Essex High School demonstrated their mastery of financial concepts by beating out eight other teams to win the 2019 Vermont Treasury Cup Challenge, a daylong financial education tournament hosted by Vermont State Treasurer Beth Pearce. High schoolers from across Vermont traveled to the State House on March 8th to test their knowledge of personal finance, economics, and consumer affairs. Second place was won by students from South Burlington High School organized by teacher Jim Shields.

NEK Young Professionals Network reaches out in March

Tue, 03/12/2019 - 4:25pm -- tim

Vermont Business Magazine The Northeast Kingdom Young Professionals Network (NEK YPN), a committee of the Northeast Kingdom Chamber of Commerce, is pleased to present opportunities to engage and collaborate around the region in the month of March. NEK YPN will represent its work as a part of the new Women LEAD initiative on Monday, March 25, from 6 to 8 p.m., at the Eastside Restaurant and Pub, 47 Landing St., Newport. The event is a free fundraiser and mixer, designed to share upcoming leadership opportunities for females in the Northeast Kingdom.

Heritage Family CU's Sara DeLance gets shout out from Vice President Pence

Tue, 03/12/2019 - 3:48pm -- tim

Vermont Business Magazine Vice President Mike Pence addressed credit union leaders Tuesday morning at the Credit Union National Association’s Governmental Affairs Conference in Washington, DC. Included in his remarks he acknowledged the accomplishments of Vermont's Sara DeLance, from the Heritage Family Credit Union in Rutland, who was in attendance. DeLance rose from a part-time cashier to senior vice president and last year was named a Vermont Rising Star.

Killington condo association fined for failing to respond to elevated lead levels in drinking water

Tue, 03/12/2019 - 1:34pm -- tim

Vermont Business Magazine The Agency of Natural Resources Department of Environmental Conservation (DEC) announced today that Edgemont Owners Association, Inc, which operates the public drinking water system serving the Edgemont Condominiums in Killington, was fined $11,250 for failing to take required response measures after a test of the its drinking water system revealed lead levels above the federal action level.

CashorTrade, alternative to scalping, raises $400K

Tue, 03/12/2019 - 1:12pm -- tim

Vermont Business Magazine CashorTrade, the world’s first social network where fans can buy, sell, or trade tickets at face value, has announced the closing of their first seed round. The Burlington-based tech startup raised $400,000, which will be allocated to expanding the CashorTrade staff and services. Additions are under way to the Customer Service, Communications, and Engineering teams in preparation for imminent platform updates.  

Gifford holds 113th annual meeting

Tue, 03/12/2019 - 11:25am -- tim

​Vermont Business Magazine The strength and dedication of its employees will ensure Gifford Health Care’s future success, President and CEO Dan Bennett told several dozen community members gathered for the Randolph organization’s 113th Annual Meeting on Saturday, March 9, at Gifford Medical Center.