Vt CEOs see mixed economic future: sales up, jobs flat

first_imgRoundtable Releases Fourth Quarter, 2004 CEO Economic Outlook SurveyResults So. Burlington, VT – Results from the Vermont BusinessRoundtable’s (Roundtable) Fourth Quarter, 2004 CEO Economic OutlookSurvey, show that over three quarters of responding CEOs are expectingincreases in company sales in the coming six months, which is a sixpercent increase over the last quarter. Projections for capital spendingare down by a similar percentage and employment levels are flat whencompared to the previous quarter. George Chandler, President & CEO of Hubbardton Forge inCastleton and Jim Crook, CEO of IDX Systems Corporation in Burlington aremembers of the Roundtable. When asked to comment on his CEO EconomicOutlook Survey responses, George Chandler stated that, “There appears tobe steady, though modest growth in the design and home furnishingsmarkets; however the number of domestic players are shrinking. Todaycustomer expectations can be met by any number of less expensive off-shorecompetitors. Continuous investment in people, innovation and capitalimprovements is our only edge if we want to continue to build, much lessmaintain our current market share. Jim Crook said that he is alsoprojecting increases in company sales, capital spending and employment forIDX over the next quarter because, “the need for health care informationtechnology is critical to solving the worldwide mandate of improvedpatient care and lowering the costs of care.” The survey, modeled after the National Business Roundtable’s CEOEconomic Outlook Survey, was conducted in early October and enjoyed a 62%response rate. The key findings which reflect the membership’s outlookfor the next six months, include the following details:* 77% of responding CEOs expect an increase in consumer sales, 22% see nochange, and 1% anticipate a decrease. [Third Quarter results: Increase71%, No change 25%, Decrease 4%]* 45% expect capital spending to increase in the next six months, 46% seeno change, and 9% anticipate a decrease. [Third Quarter results: Increase51%, No change 42%, Decrease 7%]* 58% expect employment to increase in the next six months, 39% see nochange, and 3% anticipate a decrease. [Third Quarter results: Increase59%, No change 37%, Decrease 3%]Created in 1987 as a nonprofit, public interest organization, the VermontBusiness Roundtable iscomprised of 120 CEOs of Vermont’s top private and nonprofit employersdedicated to making Vermont the best place in America to do business, beeducated, and live life. Member businesses employ over 47,000 employees invirtually every county across Vermont.-###-last_img read more

King Street Youth Center wins national award from the USTA

first_imgKing Street Youth Center wins national award from the USTAThe King Street Youth Center wins National Junior Tennis League Section of the Year Award from the United States Tennis Association. As part of this Award Executive Director Vicky Smith and Development Director Kelli Shonter were given scholarships to attend the Community Tennis Development Workshop in Las Vegas, NV (Feb. 21-24, 2008).The USTA National Junior Tennis League seeks to develop the character of young people through tennis and to emphasize the ideals of Arthur Ashe by: ” Reaching out to those who may not otherwise have the opportunity to play the sport. ” Instilling in youngsters the values of leadership and academic excellence. ” Giving youngsters the opportunity to fully develop their tennis skills so they can drive a lifetime of enjoyment form the sport.The King Street Youth Center has worked with the USTA since 2002 when the Kids on the Ball program was launched in partnership with the Sports and Fitness Edge. The Kids on the Ball program, created by local pro Jake Agna, provides an opportunity for low income Burlington children and youth to learn the great game of tennis. The King Street Youth Center currently brings tennis to Burlington youth through programming at the center, Burlington elementary and middle schools as well as tennis in the parks throughout the summer.The mission of the King Street Youth Center to promote personal and social wellness through educational, recreational and social programs.last_img read more

FairPoint Files Provisional Notice of Cutover Readiness, Expected Cutover at the End of January

first_imgFairPoint Files Provisional Notice of Cutover Readiness; Triggers Formal Process to Expected Cutover at the End of January CHARLOTTE, N.C., Nov. 12 /PRNewswire-FirstCall/ — FairPointCommunications, Inc. (NYSE: FRP) today announced it has filed itsprovisional notice of cutover readiness with the Public Utility Commissions(PUC) in New Hampshire and Maine and the Department of Public Service (PSB)in Vermont. The notice was filed after Liberty Consulting Group indicatedin its November 12th monthly Status Report that FairPoint had metsubstantially all of the criteria required to cut over at the end ofJanuary. The state PUCs/PSB will now hold technical conferences withFairPoint and, if necessary, or at the request of intervening parties,public hearings. Subsequent to the hearings, FairPoint expects to file itsirrevocable notice of cutover with Verizon. In its report, Liberty stated FairPoint needed additional attention inone area (Competitive Local Exchange Carrier (CLEC) testing), so FairPointtoday also filed its rebuttal to the Liberty Monthly Status Reportindicating that, in its opinion, it had met the acceptance criteria.However, FairPoint agreed to complete the additional CLEC tests recommendedby Liberty. Gene Johnson, chairman and CEO of FairPoint stated, “A tremendouseffort was put forth in order to get to this point. While our work is notdone, I thank the employees of FairPoint and Capgemini U.S. LLC(FairPoint’s lead integration partner) and Verizon for making these effortsto date. As we move closer to the expected end of January cutover date, welook forward to being that much closer to better serving the residents andbusinesses of Maine, New Hampshire and Vermont with new broadband and voiceproducts, services and bundles through our approximately 60 new,state-of-the-art fully integrated systems.” The Vermont Public Service Board has scheduled a status conferencelater this week and the Public Service Commission staffs in Maine and NewHampshire have a joint technical session scheduled on November 17. ThePUCs/PSB may choose to conduct hearings on the matter later this month anddates are being held for that purpose. About FairPoint FairPoint Communications, Inc. is an industry leading provider ofcommunications services to communities across the country. Today, FairPointowns and operates local exchange companies in 18 states offering advancedcommunications with a personal touch, including local and long distancevoice, data, Internet, television and broadband services. FairPoint istraded on the New York Stock Exchange under the symbol FRP. Learn more athttp://www.fairpoint.com(link is external). This press release may contain forward-looking statements by FairPointthat are not based on historical fact, including, without limitation,statements containing the words “expects,” “anticipates,” “intends,””plans,” “believes,” “seeks,” “estimates” and similar expressions andstatements. Because these forward-looking statements involve known andunknown risks and uncertainties, there are important factors that couldcause actual results, events or developments to differ materially fromthose expressed or implied by these forward-looking statements. Suchfactors include those risks described from time to time in FairPoint’sfilings with the Securities and Exchange Commission (“SEC”), including,without limitation, the risks described in FairPoint’s most recentQuarterly Report on Form 10-Q on file with the SEC. These factors should beconsidered carefully and readers are cautioned not to place undue relianceon such forward-looking statements. All information is current as of thedate this press release is issued, and FairPoint undertakes no duty toupdate this information. SOURCE FairPoint Communications, Inclast_img read more

Dealer.com Ranked Number 236 Fastest Growing Company in North America

first_imgDealer.com Ranked Number 236 Fastest Growing Company in North America on Deloitte’s 2008 Technology Fast 500Attributes its 755.50% Revenue Growth to continuous product development, customer service and proven resultsBurlington, VT – (November 12, 2008) – Dealer.com, the leading provider of online marketing solutions for the automotive industry, today announced that it ranked number 236 on Deloitte’s 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. Dealer.com grew 755.50% during this period.Dealer.com CEO, Mark Bonfigli, credits continuous product development, proven results for clients and outstanding customer service with the company’s 755.50% revenue growth over the past five years. He said, “We are committed to delivering measurable results to our automotive industry clients. They can see the value our services bring to their online marketing. We’re also passionate about serving our customers. They receive outstanding results and service and this reflects in our bottom line.””Each company on Deloitte’s Technology Fast 500 is an innovator with an exceptional five-year track record of growth,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. “Dealer.com has earned its position among the fastest growing companies in North America, and we are proud to honor this important accomplishment.”Fast 500 Selection and Qualifying CriteriaThe Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.About Dealer.comFounded in Burlington, VT in 1997, Dealer.com is the leading provider of online marketing solutions to the automotive industry. Dealer.com offers NADA award-winning SmartSites(tm) website design incorporating dynamic video; user-friendly lead management tools; the best in search engine advertising and unparalleled metrics and web analytics. Excellent customer service, innovative training and proven results are just a few of the reasons why more of the top 100 dealer groups use Dealer.com than any other vendor. For the last several years, dealerships across the country have voted for Dealer.com as the best website provider, resulting in the company being awarded gold and platinum in Auto Dealer Monthly’s Dealers’ Choice Awards.Dealer.com’s suite of online marketing solutions is the only set of tools that effectively creates a 360° view of auto dealers’ online and traditional marketing investments and results. Dealers are easily able to track spending and determine which activities are leading to the highest return on investment, allowing them to streamline advertising and marketing efforts into targeted activities that increase sales and improve the bottom line.For more information, please visit www.dealer.com(link is external) or call 888-894-8989.About DeloitteAs used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about(link is external) for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.###last_img read more

Grafton Village Cheese to pay local milk suppliers a special premium while milk prices are low

first_imgGrafton Village Cheese Co., makers of award-winning, handcrafted Vermont cheddar cheese, announced today it will begin paying its local milk suppliers a special premium while milk prices are below the cost of production. The Company is working in concert with its two milk co-ops Agri-Mark and DMS, both of which have given Grafton Cheese permission to send checks directly to the farmers.Grafton Village Cheese is a major business of the Grafton, Vermont-based Windham Foundation whose mission is to promote Vermont s rural communities. All of the milk used for Grafton Cheese is from Vermont family farms, located primarily in southern and central Vermont. As a high quality Vermont cheddar cheese producer, we depend upon milk from Vermont dairy farms, and we are very concerned about the viability of our Vermont dairy farmers at a time of extremely low milk prices, said Adam Mueller, President of Grafton Village Cheese. Consequently, we are working with our milk suppliers to provide farmers in southern and central Vermont an additional premium for the milk they provide to our Grafton Village Cheese plants in Grafton and Brattleboro.Starting in April, while milk prices are below cost of production, Grafton Cheese will pay farmers an additional premium based on the butterfat, protein and somatic cell content of the milk. As the class three milk price increases the premium will decline on a sliding scale, becoming zero when milk price reaches $20/cwt.Grafton Cheese already pays significant quality premiums and handling costs for its milk to its co-ops. This new initiative is an additional premium that will be mailed directly to the farmers by Grafton Cheese.About Grafton Village CheeseThe Grafton Village Cheese Company, located in Grafton and Brattleboro, Vermont, handcrafts artisanal cheddar cheese. The company was founded in 1892 as the Grafton Cooperative Cheese Company, which converted surplus milk from local dairy farmers into cheese. Years later, a fire destroyed the original factory. When the Windham Foundation restored the company in the mid 1960s, a new era for the town was born. Today, quality and taste continue to serve as the hallmark of Grafton cheddar. As part of the nonprofit Windham Foundation, much of Grafton Cheese s annual earned income funds the Foundation s charitable programs. More information on Grafton Village Cheese Company can be found online at graftonvillagecheese.com.last_img read more

Vermont Yankee narrows source of tritium leak

first_imgVermont Yankee engineers and technicians working to identify the source of tritium in the plant’s groundwater continue to make progress, according to a statement Saturday from Vermont Yankee.  They have identified a location in the protected area of the plant with a tritium concentration of 2.45 million picocuries per liter in a newly installed groundwater monitoring well along the west wall of the plant’s Advanced Offgas Building. Engineers are making plans for additional excavation in the area to check some underground equipment that is used to transport water containing tritium from the offgas building to other plant buildings. The offgas system processes gases from the plant’s condenser. The wells between the plant and the river are showing varying concentrations that are not markedly different from yesterday.The engineers now have ten monitoring wells in service and four others being prepared for sampling. The well data is being used to further characterize the tritium concentration in the groundwater near equipment and buildings.While this investigation continues, Vermont Yankee’s Rob Williams said in a statement that it is there has been no elevated tritium level found in any drinking water well samples or at any location not on plant property, including the Connecticut River. The EPA has set a limit of 200,000 picocuries per liter for safe drinking water.For more details on the tritium investigation, the Vermont Department of Health has a thorough status report on the investigation at this web link: http://healthvermont.gov/enviro/rad/yankee/tritium.aspx(link is external)Also helpful is the Nuclear Regulatory Commission web page on tritium monitoring: http://www.nrc.gov/reactors/operating/ops-experience/grndwtr-contam-trit…(link is external)last_img read more

Business alliance for a clean lake to visit Legislature

first_imgSeveral prominent area business organizations have joined forces to create a new alliance, the Business Alliance for a Clean Lake (BACL), first announced in January 2010.  The BACL will bring their member organizations to the Statehouse on Friday, February 19th, to meet with legislators and introduce them to the issues the BACL supports.  They will be in the Statehouse cafeteria from 7:45 to 9:30.  A brochure describing their program will be available.Founding members of the BACL are:    Franklin County Industrial Development Corporation Franklin County Regional Chamber of Commerce Friends of Northern Lake Champlain Lake Champlain Islands Chamber of Commerce     Lake Champlain Regional Chamber of CommerceParticipating organizations:-  Addison County Chamber of Commerce-  Burlington International Airport-  Burlington Business Association-  Church Street Marketplace Commission-  Farmers’ Watershed Alliance-  Franklin County Board of Realtors-  Greater Burlington Industrial Corporation-  St. Albans Area Watershed Association-  Vermont Convention BureauMission Statement of Business Alliance for a Clean Lake: Lake Champlain is an incomparable natural, social and economic resource. The Mission of BACL is to support efforts to clean the lake, to prevent further man-made impacts that would reduce its safe and enjoyable use, and to protect the Lake for the future of our economy and for future generations.last_img read more

Verizon Wireless Expands 3G Wireless Network in Woodstock, Vermont

first_imgVerizon Wireless,To continue to stay ahead of rising demand for wireless voice, 3G multimedia and Internet access in Windsor County, Vermont, Verizon Wireless has expanded its local network. New cell site provides increased wireless voice and 3G data coverage for western portions of Woodstock and along sections of Route 4, as well as the surrounding area. Expanded 3G data coverage in Woodstock lets more customers using notebook computers or smartphones.‘People across Vermont are increasingly relying on smartphones and 3G apps to manage their busy lives and stay connected at home or on-the-go,’ said director for Network Systems Performance for Verizon Wireless, Richard Enright. ‘Our network investment in New England has kept us ahead of consumer trends, provided our customers a 3G advantage and underscored our belief that any mobile device is only as good as the network it runs on. Proactive and sustained investment has made Verizon Wireless the 3G leader in New England and nationwide.’The company has invested more than $60 billion since its inception to increase the wireless voice and data coverage of its national network and to add new 3G services like Mobile Broadband and V CAST. As the carrier with America’s largest and most reliable wireless network, Verizon Wireless cell sites in New England provide 3G wireless data connectivity.Source: Verizon Wireless. 9.23.2010. WOODSTOCK, Vt.–(BUSINESS WIRE)-About Verizon WirelessVerizon Wireless operates the nation’s most reliable and largest wireless voice and 3G data network, serving more than 92 million customers. Headquartered in Basking Ridge, N.J., with 79,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit www.verizonwireless.com(link is external). To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia(link is external).*Verizon Wireless received the highest numerical score among wireless providers in the proprietary J.D. Power and Associates 2010 Wireless Call Quality Performance StudySM’Vol. 1 Study based on 23,373 total responses measuring 4 providers in the Northeast Region (CT, ME, MA, NH, NY, RI, VT) and measures opinions of wireless users about the call quality of their service. Proprietary study results are based on experiences and perceptions of consumers surveyed in July-December 2009. Your experience may vary. Visit jdpower.comlast_img read more

American Red Cross re-opens Rutland office as chapter headquarters

first_imgThe Central Vermont & New Hampshire Valley Chapter of the American Red Cross will be re-opening its doors to the public, but thankfully not in response to a disaster. On October 22nd, from 11:00am – 1:00pm, the Red Cross will host an Open House to mark the opening of its 117 Strongs Avenue property in Rutland as the new headquarters of its Central Vermont & New Hampshire Valley Chapter. The Red Cross will also demonstrate its revitalized presence in the Rutland community by providing free training in adult CPR and use of an automated external defibrillator (AED) to a total of 100 people over the course of that weekend.The programmed portion of the event, including the presentation of a proclamation from Rutland Mayor Christopher Louras and remarks by former National American Red Cross President Jack McGuire, will take place during the October 22nd Open House at 12:15pm.The Red Cross has a rich history in Rutland, but over the past several years its downtown Rutland building has largely lay dormant after water damage to parts of the building. The building has returned to active use with a full-time staff presence, increased use by disaster services volunteers and a regular schedule of lifesaving classes such as CPR, First Aid, Babysitting and more. Now serving as the Chapter Headquarters, the Rutland office will be the hub of activity for the entire Central Vermont & New Hampshire Valley Chapter. The Chapter encompasses Rutland, Washington, Orange and the northern half of Windsor County, along with 12 New Hampshire communities in Sullivan and Grafton counties.‘The Blood Services arm of the American Red Cross has an incredibly deep connection to the Rutland Community,’ remarked Larry Crist, Regional Executive of the Vermont & New Hampshire Valley American Red Cross. ‘Our open house provides us with the opportunity to share with Rutland, and towns throughout Central Vermont and the Upper Valley, the many other ways that the Red Cross and its dedicated volunteers serve the community.’ In addition to offering classes in lifesaving skills such as CPR, First Aid and aquatic safety; the American Red Cross provides assistance to members of the armed services and their families; and provides local disaster assistance at no cost to community members when disaster strikes. Disaster services include food, individual and mass sheltering, clothing and more. Red Cross disaster services are supported by the generosity of donors.To promote their mission of helping people to prevent, prepare for and respond to emergencies, the Red Cross will be providing 100 people with free adult CPR and AED training. For those interested, they will have three sessions to choose from:Friday, October 22nd from 1:00pm – 5:00pmSaturday, October 23rd from 8:30am – 12:30pmSunday, October 24th from 12:00pm – 4:00pmThe class size for each session is limited to 34 students. People can pre-register by calling 773-9159 or stopping by the Chapter Headquarters at 117 Strongs Avenue to sign up. Walk-ins will be accepted, but only if space is available.As the Red Cross prepares for this event, they have received support of the public, Mayor Tom Louras, and the local business community. The ability to offer free CPR training has been made possible through the support of Rutland Regional Medical Center, Casella Waste Systems and Catamount Radio. ‘The public/private relationships that have helped make this event possible are invaluable to the Red Cross,’ Regional Executive Crist added.Source: American Red Cross (Rutland, VT – October 5, 2010) ###last_img read more

Construction report for October shows modest residential improvement

first_imgThe total value of Vermont construction contracts this year through October were down 23 percent as federal funding for highway and bridge construction waned. But both residential and commercial spending showed modest gains after two years of sluggish building in each. Residential was up 16 percent for the year-to-date and commercial was up 12 percent. New Hampshire showed a similar rebound in residential and commercial construction.Meanwhile, total US construction spending increased by 0.7 percent in October, driven largely by growing demand for power projects and public construction, the Associated General Contractors of America noted today in an analysis of new Census Bureau data. The new data, however, indicated continued weakness in many construction categories, including private nonresidential and single family construction, association officials observed.‘Without any upward trend in key private-sector construction components like homes and office buildings, it is hard to feel optimistic about the near future,’ said Ken Simonson, the association’s chief economist. ‘With public construction at risk of cutbacks, it is premature to conclude that construction has awakened from its long nightmare.’Simonson commented that power construction increased by 8.8 percent between September and October at a seasonally adjusted rate, although the total remained 3.9 percent below the year-ago level. Public construction, aided by federal spending on stimulus, military base realignment and Gulf Coast hurricane-control projects, edged up 0.4 percent for the month and 2.2 percent year-over-year.Private nonresidential construction, however, slumped 0.7 percent in October, leaving the total 20.7 percent below the October 2009 figure. All 11 of the Census Bureau’s private nonresidential categories were below year-ago levels, Simonson added, with only private power and transportation showing gains from September.Private residential investment jumped 2.5 percent for the month. However, Simonson cautioned that the apparent leap is attributable to a 3.2 percent advance in new multi-family construction and a 6.2 percent rise in improvements to existing properties, whereas single-family construction sank 1.2 percent for the month.Association officials said that a proposal released today by the Deficit Commission to increase investments in highways, bridges and transit system construction provided some room for optimism. They urged Congress to embrace the transportation proposal, noting it would help the economy over the long run while giving a much-needed boost to short term construction demand.‘The best way to reduce the deficit and simultaneously support a strong and expanding economy is to invest in our aging network of highways, bridges and transit systems,’ said Stephen E. Sandherr. ‘Even as the broader report calls for dramatic reductions in federal spending, it is clear that our country can’t afford to neglect its infrastructure.’View Census Bureau data.last_img read more