Acomplete list of the businesses to be recognized with a Centennial BusinessAward is attached.2005 Centennial Business Award Winners Montpelier. On Tuesday, March 23rd, Vermont’s 24 oldest businesses will be recognized at an awards ceremonyto be held from 4-7 p.m. at the Billings Student Center on the UVM campus. TheVermont Centennial Business Awards recognize businesses that have operated in Vermontfor at least 100 years. This is a joint project of the Office of theSecretary of State, the Vermont Chamber of Commerce and Vermont Business Magazine. Special guestsinclude Governor Jim Douglas and UVM President Daniel Fogel. PRESS ADVISORY CountyYear FoundedOld Tavern at GraftonWindham1801Newfane MarketWindham1825National Life GroupWashington1848Rutland & Whitehall Railroad Co.Chittenden1848G.S. Blodgett CorporationChittenden1848Community National BankOrleans1851Hastings StoreCaledonia1853Denis, Ricker & Brown Washington1865Springfield Printing CorporationWindsor1870Greene Corporation Lamoille1872Harrington’s in VermontChittenden1873The Herald of RandolphOrange1874Union Mutual of Vermont CompaniesWashington1874A.C. Hathorne Co.Chittenden1875Randolph National Bank Orange1875Reynolds & Son, Inc.Washington1875The County Courier Franklin1878White River Paper CompanyWindsor1881Verizon New EnglandChittenden1883Factory Point National BankBennington1883Rutland Fire Clay Co.Rutland1883Lyndonville Savings BankOrleans1884Clarendon & Pittsford Railroad Co.Chittenden1885Granite City Tool of VermontWashington1885People’s Trust Company of St. Albans.Franklin1886 Business Contact Kathryn Mathieson: 802-828-2148For Immediate Release: March 22, 2005This press release is available digitally at http://www.sec.state.vt.us(link is external) Secretary of State ToAnnounce Vermont’s2nd Annual CentennialBusiness Award Winners Wednesday,March 234-7 p.m.Billings Student Center, UVM Campus #30
The application is available online at www.vermontbiz.com/dcd, or on the Vermont Chamber Business EXPO website (www.vtexpo.com(link is external)). The application deadline for the Deane C. Davis Award is March 13, 2009.Nominations may come from the business itself, another business, a government agency, or an interested individual. Named for former Governor Deane C. Davis (1900 1990), the Award annually honors a Vermont business that demonstrates an outstanding history of sustained growth while displaying an acute awareness of Vermont s unique qualities.The award criteria for this Award are as follows:· Growth in sales or employment· Commitment of company resources for participation in community projects· Encouragement of employees to be involved in community events· Recognition of the importance of the environment to the state as a natural and economic resource· Addressing employee concerns/needs to create a positive work environment for all employees· Major accomplishment(s) in the past year in any or all of the criteria· Nominated businesses must have been based in Vermont for at least 10 yearsA Selection Committee nominates the three finalists and then quietly selects the recipient. Even the finalists themselves do not know who the winner is until it is announced by Governor James Douglas at the EXPO opening ceremonies. Antonia Opitz, Vermont Chamber Events Director, noted, The process leading up to this award makes it even more prestigious, in light of the added suspense and excitement in anticipation of the announcement.Award winners from past years include Symquest Group, Inc., (2007); Cabot Creamery (1999); and Green Mountain Coffee Roasters (1994).Please contact Antonia Opitz at the Vermont Chamber of Commerce with any questions (email@example.com(link sends e-mail) or (802) 223-0603). ###In business since 1912, the Vermont Chamber of Commerce is a private, not-for-profit business organization with 1,500 members, collectively employing 45,000 people, representing all sectors of the state s economy. Our mission is to create an economic climate conducive to business growth and preservation of the Vermont quality of life.Vermont Business Magazine, published since 1972, is the state’s first and only statewide business to business publication. It is also the publisher of the Vermont Manufacturers Directory & Guide to Major Businesses, the Book of Lists and the annual glossy magazine for all high school students, NextUp, Your Guide to Life after High School in VT. Nominations are now being accepted for the 19th Annual Deane C. Davis Outstanding Business of the Year Award, co-sponsored by the Vermont Chamber of Commerce and Vermont Business Magazine. The winner will be unveiled during the May 20, 2009, opening ceremony of the region s largest business-to-business trade show, the annual Vermont Chamber of Commerce Business and Industry EXPO. Three award finalists will be profiled in the May issue of Vermont Business Magazine.
Dealer.com,Mark Bonfigli, CEO and Founder of Dealer.com, Burlington, has been named the U.S. Small Business Administration s (SBA) 2009 Vermont Small Business Person of the Year. Bonfigli was selected for outstanding leadership related to his company s staying power, employee growth, increase in sales, innovation and contributions to the community. Bonfigli s company, Dealer.com, is a leading provider of online marketing solutions to the automotive industry. Dealer.com offers award-winning website design incorporating dynamic video, user-friendly management tools, search engine advertising and metrics and web analytics. Dealer.com s suite of online marketing solutions creates a 360 degree view of auto dealers online and traditional marketing investments and results. Dealers can easily track spending and determine which activities lead to the highest return on investment, allowing them to streamline advertising and marketing efforts to increase sales. Firmly committed to helping improve the community by giving back, Dealer.com supports local charitable events and holds regular fund raisers to benefit local charities. In an innovative partnership with the state of Vermont and VT HITEC (Health Care and Information Technology Education Center), the company provided job training to local Vermonters and overcame the difficulty of finding highly skilled IT workers in the area. Bonfigli attributes the company s success to employee creativity and hard work, under his guidance, and Dealer.com provides over 200 full-time employees with high wage jobs, training and the potential for career growth. Dealer.com permits employees to work flexible schedules and provides numerous seminars and workshops related to career growth, personal financial planning, nutrition and other topics. The company recently opened the doors to its new 60,000 sq. ft. headquarters featuring a state-of-the-art health club, indoor basketball court, indoor tennis court, indoor track and an organic foods cafÃ©. The building is LEED certified, meaning it is environmentally responsible, and incorporates solar panels and natural light to help limit carbon emissions. Matt Cota, Executive DirectorVermont Fuel Dealers Association, MontpelierFinancial Services Champion The Burlington Small Business Award celebration will also honor the following winners of the 2009 Vermont Small Business Champion Awards: Dealer.com employees drive our success and are the heart of the business, commented Bonfigli. The company would not be so successful without the many talented and hard-working people dedicated to offering our clients the best service and technology. I am honored by the award and share it with everyone who is part of the Dealer.com team. Major Randall K. Gates, State Family Program DirectorVermont National GuardVeterans Small Business Champion As Vermont s Small Business Person of the Year, Mark Bonfigli will compete for the national title at National Small Business Week ceremonies in Washington, D.C., May 17-22. Mr. Bonfigli will be locally honored by the U.S. Small Business Administration on June 10th at a ceremony presented by Vermont Business Magazine, Waterfront Park, Burlington. Jim Sault, General ManagerPorter Music Box, RandolphSmall Business Exporter of the Year Gail Wheel, President & OwnerWheel House Designs, Inc., Hyde ParkMicroenterprise Success Tara Lynn Scheidet, OwnerTara Lynn Studio, SuttonSBA Young Entrepreneur of the Year Steven Paddock, Assistant Director, AgribusinessVermont Small Business Development Center, MiddleburyHome-Based Business Champion Bonfigli has more than 20 years of marketing and sales experience in the auto industry, including 10 years as the co-founder of EARTHCARS, Inc., a New England-based automotive retailer. Bonfigli was named as a Finalist in the 2007 and 2008 Ernst & Young Entrepreneur of the Year award in the New England Region and his company has received numerous recognitions including the Deloitte & Touche Tech Fast 50, the Deloitte Technology Fast 500, the Inc 5000 fastest-growing companies in the U.S., and several automotive industry awards for being the leading Internet marketing solution for auto dealers. John Vincent, OwnerVincent s Drug & Variety Store, WaterburyJeffrey Butland Family-Owned Small Business Bonfigli founded Dealer.com in 1998 to offer automotive dealers a best in class solution for their Internet marketing needs. At the time, the Internet auto market was dominated by two large companies, but Bonfigli persisted. Despite difficult times in the automotive industry, 2008 saw the highest annual revenue increase in the company s eleven-year history, for a five-year growth rate total of 1,225 %. According to Bonfigli, more of the top 150 largest dealer groups in North America use Dealer.com Internet marketing services than those of any other provider. Mary Peabody, Community Development SpecialistUniversity of Vermont Extension, BerlinWomen in Business Champion
Geoffrey R. Hesslink, Senior Lender and Senior Vice President of Merchants Bank, announced the appointment of Reginald E. Greene to Senior Vice President and Regional Manager of Corporate Banking for Merchants Bank. Reggie’s primary responsibility will be to manage a lending team in the southern region in addition to corporate banking accounts throughout the state.“As Vermont’s last statewide independent bank, Merchants is well positioned in the marketplace,” stated Hesslink. “We are adding structure and capacity to corporate banking and credit to grow market share and to best serve our customers’ needs. Reggie is a highly experienced and skilled manager and commercial lender. His terrific presence and manner, extensive knowledge and Vermont-based experience will make a strong contribution to our Corporate Banking division.”Reggie comes to Merchants with over twenty-six years of banking experience, the last twenty-two with Chittenden Bank. Reggie worked for Chittenden in both northern and southern Vermont and in commercial banking, loan resolution, merchant services, internet banking and marketing. Most recently he served as Senior Vice President and Group Manager of the Commercial Banking team covering northern Vermont and Cash Management. There he managed ten loan and cash management officers. Reggie holds a Bachelors degree in Business Administration and Finance from the University of Massachusetts at Amherst. He also holds a Masters Degree in Business Administration from the Jones Graduate School of Business at Rice University.“I am very excited to have the opportunity to work as part of the Merchants’ Team,” stated Greene. “The Bank’s long history of commitment to Vermont is just one of the many reasons I decided to join Merchants. I am proud to be a part of such a well respected group of dedicated professionals.”Reggie and his wife Susan live in Burlington and have four children.Reginald E. Greene, New Senior Vice President and Regional Manager of Corporate Banking, Merchants BankVermont Matters. Merchants Bank strives to fulfill its role as the state’s leading independent community bank through a wide range of initiatives. The bank supports organizations throughout Vermont in addressing essential needs, sustaining community programs, providing small business and job start capital, funding financial literacy education and delivering enrichment through local sports activities. Merchants Bank was established in 1849 in Burlington. Its continuing mission is to provide Vermonters with a statewide community bank that combines a strong technology platform with a genuine appreciation for local markets. Merchants Bank delivers this commitment through a branch-based system that includes: 34 community bank offices and 42 ATMs throughout Vermont; local branch presidents and personal bankers dedicated to high-quality customer service; free online banking, phone banking, and electronic bill payment services; high-value depositing programs that feature Free Checking for Life®, Cash Rewards Checking, Rewards Checking for Business, business cash management, money market accounts, health savings accounts, certificates of deposit, Flexible CD, IRAs, and overdraft assurance; feature-rich loan programs including mortgages, home equity credit, vehicle loans, personal and small business loans and lines of credit; and merchant card processing. Merchants Bank offers a strong set of commercial and government banking solutions, delivered by experienced banking officers in markets throughout the state; these teams provide customized financing for medium-to-large companies, non-profits, cities, towns and school districts. Merchants Trust Company, a division of Merchants Bank, provides investment management, financial planning and trustee services. Please visit www.mbvt.com(link is external) for access to Merchants Bank information, programs and services. Merchants’ stock is traded on the NASDAQ National Market system under the symbol MBVT. Member FDIC. Equal Housing Lender. Source: Merchants Bank. 3.25.2010
Report finds 211GW of U.S. coal generation under serious economic threat FacebookTwitterLinkedInEmailPrint分享CNN Business:The simple laws of economics threaten to doom America’s remaining coal power plants.Wind and solar costs have plunged so rapidly that 74% of the U.S. coal fleet could be phased out for renewable energy — and still save customers money, according to a report released on Monday by Energy Innovation, a nonpartisan think tank. That figure of at-risk coal plants in the United States rises to 86% by 2025 as solar and wind costs continue to plunge.The research demonstrates how it’s increasingly more expensive to operate existing coal plants than build clean energy alternatives.“U.S. coal plants are in more danger than ever before,” Mike O’Boyle, director of electricity policy at Energy Innovation, told CNN Business. “Nearly three-quarters of U.S. coal plants are already ‘zombie coal,’ or the walking dead.”The Energy Innovation report found that in 2018, 211 gigawatts of existing U.S. coal capacity — or 74% of America’s fleet — was at risk from local wind or solar that could more cheaply churn out just as much electricity.North Carolina, Florida, Georgia and Texas are the U.S. states that have the greatest amount of coal plants at risk from local solar and wind, the analysis found. Energy Innovation defined local as within 35 miles. By 2025, Midwestern states including Indiana, Michigan, Ohio and Wisconsin are expected to have high amounts of coal capacity under pressure from renewable energy.More: Most of America’s coal plants are more expensive than wind and solar
FacebookTwitterLinkedInEmailPrint分享Daily News Egypt:The Egyptian Electricity Holding Company (EEHC) decided to postpone the signing of contracts with AlNowais Investment Company for the construction of a coal-fired power station in the Oyoun Mousa area.Sources from the ministry of electricity and renewable energy told Daily News Egypt that the surplus electricity production is the main reason for postponing the signing of the contracts. This is especially since reserves have reached 20,000MW per day and will rise to 22,000MW after the addition of energy from the Gulf of Suez wind farm and solar energy projects in Benban.In addition, the sources said it is difficult to build a private coal port for the project at Oyoun Mousa because the water there is very shallow, necessitating the construction of the port at a greater depth within the water. Inevitably, this raises the total cost of the station.Talks with the UAE company, AlNowais, began three years ago. The company officials held more than 50 meetings with officials of the EEHC for electricity to implement a coal-fired power plant at Oyoun Mousa. The sources pointed out that the studies and paperwork of the project were transferred to EEHC for revision and no new decision was taken since then, noting that the project will not be signed off this year.“The agreement on the purchase of energy produced from the project was finalized at 4.01 cents per kW/h leaving only the legal aspects of the contract that will be reviewed, but it may take longer,” the source said.The sources said that the lack of increased demand for energy will push the EEHC to postpone a number of projects that seek implementation in order to avoid the aggravation of financial burdens.More: EEHC delays coal-fired plant due to production surplus Slow demand growth prompts Egypt to delay construction of new coal plant
FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Utility Endesa SA said it could speed up investments in wind and solar power as the Spanish government emphasizes green spending to boost its economy, while the coronavirus is leading to only minor delays in its construction program.“The company has already resumed construction on all its renewable farm projects and remains fully committed to the investments envisaged in [its] strategic plan,” CEO José Bogas said May 4 in a statement on Endesa’s first quarter, which saw profits excluding extraordinary effects rise 59%.In February, the company announced it had more than 5 GW in new installations ready to be built, mostly over the next three years. Enel Green Power, the renewables arm of Italy’s Enel SpA, which also owns Endesa, announced April 27 that it had started building a 50-MW solar power plant in Spain’s Seville province.“We are even considering speeding up the planned investments, especially in wind and solar plants, to help jump-start the economy by creating jobs and generating wealth,” Bogas said.Spain has been among the hardest-hit countries in Europe by the coronavirus, but Bogas said on an earnings call that Endesa is expecting only minor delays with some renewables parts sourced from a Chinese equipment provider. This will delay capital expenditure in some smaller projects but not affect 2020 earnings, Bogas said.While renewables production rose considerably during the first quarter, thanks in part to a recovery in hydropower production, output from Endesa’s four remaining coal plants in Spain, with a combined capacity of nearly 4,600 MW, was about 90% lower than in the same period in 2019, Bogas said, dragging down total mainland production by 13%. The CEO reiterated that the market conditions for coal in Spain are “completely uneconomical” and “remain unfixable” due to structurally low gas and rising carbon prices, meaning Endesa would not reverse its decision to close the plants by the end of 2021.[Yannic Rack]More ($): Endesa’s renewables plans could accelerate, despite minor delays due to COVID-19 Spain’s Endesa looking to speed up renewable energy investments in pandemic recovery efforts
U.S. Federal Reserve joins network of central banks focused on financial risks of climate change FacebookTwitterLinkedInEmailPrint分享Reuters:The U.S. Federal Reserve said on Tuesday it has joined an international group of central banks focused on climate change risk, a signal that the Fed could move to incorporate the impacts of global warming into its regulatory writ.The Fed’s membership in the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) comes after a yearlong collaboration, the Fed said. It had been the only major global central bank besides the Reserve Bank of India that was not a member of the NGFS.“As we develop our understanding of how best to assess the impact of climate change on the financial system, we look forward to continuing and deepening our discussions with our NGFS colleagues from around the world,” Fed Chair Jerome Powell said in a statement announcing the move.For years, the Fed has stayed on the sidelines as other central banks pushed to use their regulatory and research clout to mitigate the effects of global warming, including potentially abrupt price changes from climate-related disasters that could reverberate through financial markets.But that has been changing recently. Last month, the Fed included climate change for the first time in its regular assessment of financial stability vulnerabilities. Powell has said that making sure the financial system is “resilient” against climate change fits with the Fed’s congressionally assigned mandates.[Katanga Johnson and Ann Saphir]More: Fed joins global club of peers in climate change fight
When I was a kid we spent a week every summer near Ocean City Maryland. Many summers, our maternal grandfather would be part of our vacation. I remember holding his hand at the edge of the ocean—giggling and screaming as the salty waves crashed at our feet.Topsail Beach, NC“White Water,” we would yell in unison trying to hop over each crashing wave. “White Water!” If we missed the white foam, we felt victorious until the next wave rolled in.A few weeks ago I had the opportunity to go rafting on the New River near Fayetteville, West Virginia. My husband’s friend is an experienced paddler and had invited us to join him on the water for a day of fun.As we drove west we watched a strong summer storm engulf the mountains and valleys in grey, yellow streaks of color and fast moving clouds.http://rivermen.com/site/gauley-river-rafting-wv/By the time we got to the river’s edge, the clouds had cleared leaving clean blue sky, rocks, and water. The first set of rapids is called Pinball falls. As the water and our boat approached larger rocks, and our rubber raft began to twist and pull under our legs, I realized the White Water in the New River is very different from that in the Atlantic. This White Water had power the small waves of the Atlantic did not.“White Water,” I thought to myself, helmet on, paddle in hand, trying to stay in our boat as water flew across my body.My parents live on the Gulf of Mexico. Their homes are surrounded by light blue water and white beaches. When I visit, I am reminded how calming the gentle roll of the Gulf is – most often, no White Water, just white sand.BP announced this week that 75% of the oil had been collected and removed from the Gulf. Today, we were told by the FDA it is safe to eat Gulf seafood.White Water has new meaning, once again.I am at my desk today—no water in sight. But I can think of past trips to the ocean, swims in the bay, and days on the river . I am grateful for the many opportunities to giggle and screech and leap with delight, in White Water.What does white water mean to you?