Shelburne, VT-August 7, 2008- Kilawatt Technologies is pleased to announce that the information software company has signed an agreement with Dover Saddlery, Inc. to reduce energy and lower greenhouse gases in the company’s Littleton, Massachusetts facility. Over the coming months, Kilawatt Technologies will work with Dover Saddlery to recognize opportunities to cut energy consumption and demand, lower energy costs and reduce greenhouse gases in the company’s 100,000 square foot warehouse facility.One area Kilawatt Technologies will focus on is enhancing the energy efficiency of the company’s lighting system. Dover Saddlery will also be utilizing Kilawatt Technologies eEnergyAssess product that establishes valuable baselines and tracks monthly energy use, cost savings and greenhouse gases reductions. Developing these energy and environmental baselines and then measuring monthly results is an important first step for an organization interested in effectively managing energy consumption, as well as, documenting greenhouse gas savings, lowering your carbon footprint, or applying for LEED certification of an existing building.Dover Saddlery, Inc. is the leading multichannel retailer of equestrian products in the United States. Founded in 1975 in Wellesley, Massachusetts, by United States Equestrian team members, Dover offers a broad and distinctive selection of competitively priced, brand-name products for horse and rider through catalogs, the Internet and company-owned retail stores.Founded in 2000, Kilawatt Technologies is a leading information software company helping organizations conserve energy, lower costs and reduce greenhouse gases in large commercial buildings with little or no capital investment. For more information, please visit www.kilawatt.com(link is external) or call 802.985.2285.End
Vermont’s High-Tech Exports Total $2.8 Billion in 200775 Percent of All Exports from Vermont Are High-Tech GoodsWoburn, MA (September 23, 2008) – AeA, the nation’s largest technology trade association representing all segments of the high-tech industry, today released its annual report detailing national and state trends in the international trade of high-tech goods. The report, Trade in the Cyberstates 2008: A State-by-State Overview of High-Tech International Trade, covers all 50 states, the District of Columbia, and Puerto Rico.Despite the fact that high-tech exports fell for a second year in a row, Vermont continues to have the highest concentration of high-tech exports in the nation – 75 percent of all exports from Vermont are high-tech goods. Ninety percent of the state’s tech exports are semiconductors. Overwhelmingly, the leading destination for high-tech exports from Vermont is Canada.”It’s vital to understand that Vermont’s economy is extremely dependent on the well-being of the technology sector,” said Anne Doherty Johnson, Executive Director, AeA New England Council. “With 75 percent of all exports coming from the high-tech industry – supporting 11,500 jobs in the state – it is critical to ensure that we have the right pro-business policies in place to support the growth of Vermont’s tech companies.”Nationally, Trade in the Cyberstates 2008 shows that U.S. high-tech goods exports decreased by three percent in 2007, totaling $214 billion, representing 18 percent of all U.S. exports to the world. High-tech imports totaled $333 billion in 2007, up by three percent, resulting in a high-tech trade deficit of $118 billion. High-tech exports supported 894,600 jobs in the United States.Trade in the Cyberstates 2008 provides a comprehensive review of international trade of high-tech goods at the national and state-by-state level. The report provides overview pages for all 50 states, the District of Columbia, and Puerto Rico. These “snapshot” pages highlight historical high-tech export trends, exports by individual tech sector, and leading export destinations.This report is a partner publication to AeA’s other two annual cyber publications, Cyberstates and Cybercities, which provide data on high-tech jobs, wages, payroll, and other factors at the state and metropolitan levels.AeA members can purchase each of these reports for $125; non-members for $250. Visit www.aeanet.org/research(link is external) to purchase the reports.What Does High-Tech Trade Mean for Vermont?* $2.8 billion in high-tech exports (22nd ranked cyberstate)* Down $298 million in tech exports between 2006 and 2007* 75 percent of exports from Vermont are tech exports (ranked 1st)* 11,500 jobs in Vermont are supported by tech exportsVermont’s Leading Tech Export Destinations:* $1.1 billion in tech exports to Canada* $338 million in tech exports to Hong Kong* $251 million in tech exports to South KoreaVermont’s Leading Tech Export Sectors:* 6th in semiconductor exports at $2.5 billion* 32nd in computers and peripheral equipment exports at $138 million* 39th in industrial electronics exports at $74 millionSource: Trade in the Cyberstates 2008Data are for 2007.Published by AeA, Advancing the Business of Technology (www.aeanet.org(link is external))
St. ALBANS, VT – The work of some holiday grinches was undone today, as Central Vermont Public service donated $10,000 to replace holiday gifts – destroyed by vandals – gifts intended for low-income children.An estimated $20,000 in toys were destroyed in late October, as vandals broke into the former Fonda Container building and discharged fire extinguishers onto the gifts. The Marine Corps League had been storing toys at the former Fonda plant that had been collected throughout Franklin and Chittenden counties, and were destined for families in both of those counties through the Toys for Kids Program.The news hit the St. Albans Messenger Nov. 6, and CVPS employees began to discuss how the company might be able to help. Within days, the company offered a $10,000 donation.”I was just overwhelmed with emotion when I received the call from CVPS,” said Terri O’Shea, interim director of Franklin-Grand Isle United Way, which runs Operation Happiness, which distributes Christmas toys in the region. “They felt so badly for the children who would be affected by the terrible destruction and wanted to make Christmas a little happier for the children and their families. Needless to say, we are delighted by their generosity.”Marilyn Billings, Operation Happiness chairwoman, said she was amazed when she heard of the donation.”We are so grateful for the response to what could have been a devastating set-back for the children and families in all three counties,” Billings said. “It’s amazing and heartwarming. There is great need in our community this year, but the community’s generosity is even greater.”Bob Young, president and CEO of Central Vermont Public Service, said employees take the words “public service” in the company name to heart.”We are strongly committed to supporting the communities in our service territory, and we understand the importance of helping one another in all types of emergencies,” Young said. “When we heard what happened, since we were in a position to help, there was no doubt that we should do something to right the wrong that occurred.”Though the CVPS donation covered only half of the toys there were destroyed, thousands of dollars in toys have been collected thanks to efforts of the St. Albans Messenger and other local businesses and groups.”Vermonters tend to pull together when the chips are down, and this is one more example of that,” CVPS spokesman Steve Costello said.
Today, Governor Douglas announced his intention to veto S115, which has not completed the legislative process. The governor s announcement today undermines the legislative process is disrespectful to Vermonters who come to the people s house to weigh in on the important matters of our time, said Speaker Shap Smith. History will judge Jim Douglas on the wrong side of this issue. Today is a sad day for Vermont, said Senate President Pro Tem Peter Shumlin. The governor may choose to veto a bill, but he cannot veto love and commitment.
Governor Jim Douglas today announced more than $200,000 in 19 matching grants to projects for the restoration and preservation of historic buildings across Vermont, including the Vermont History Center in Barre. The grant program, administered by the Vermont Division for Historic Preservation, provides owners of historic buildings with matching funding of up to $15,000 for a variety of capital repairs. Preserving Vermont s historic buildings and structures is an important effort, Governor Douglas said. These grants help leverage significant private investment in historical buildings, which serves not only to put people to work but maintains Vermont s character and enhances our tourism economy.At a ceremony at the Vermont History Center in Barre, the Governor presented a check for $12,843 to Vermont Historical Society Executive Director Mark Hudson that will be used to repair the tower roof and flashing at the Center. The Vermont Historical Society acquired the former Spaulding School in Barre in 2000, and renovated it into the Vermont History Center to house the group s library, collections and administrative offices. Hudson said the funds were an important part of the financing picture for the needed repairs to the Victorian-era brick building, constructed in 1891. Partnering with state government made it possible for us to make this investment in preserving the building now, when it can do the most good, Hudson said. This not only benefits current residents and visitors, but future generations of Vermonters as well.Buildings must be on the National Register of Historic Places or eligible for listing, and grant requests are reviewed by the Vermont Advisory Council on Historic Preservation, a group of volunteers appointed by the Governor whose members include experts in archeology, history, and architecture.In making decisions on funding, the Council prioritizes projects based on several criteria, including those most in critical need of repair. This year, there were 42 applications for grants and 19 were awarded totaling $204,353, for projects with a total construction value of $1.9 million.For more information, visit the Division for Historic Preservation site at: www.historicvermont.org(link is external).Source: 2.1.2010
University of Vermont,Forty research universities, including the University of Vermont, today revealed details about how they are working to promote innovation, entrepreneurship and commercialization of research results leading to economic growth and job development in their states.The announcement, made on behalf of the universities by the Association of American Public and Land-grant Universities and the American Association of Universities, was part of a ceremony at Thomas Jefferson High School in Alexandria, Va., during which President Barack Obama signed the Leahy-Smith American Invents Act (H.R. 1249) into law. Led by Vermont’s own senior U.S. Senator, the new law provides important reforms to the nation’s patent system.‘The signing of the patent reform bill ensures that the land-grant mission of the University of Vermont continues to fulfill the changing needs of our modern economy,’ said UVM interim president John Bramley. ‘Vermonters could not be more proud of Senator Leahy for his leadership on a bill that both invests in national innovation and strengthens the ability of Vermont’s land grant university to support new economic development, entrepreneurship and the commercialization of cutting-edge technologies.’As Vermont’s land grant institution, UVM plays a leadership role in fostering innovation and economic development in Vermont. UVM has a significant direct economic impact as an employer of more than 5500 full and part-time faculty and staff, as an educator of more than 13,000 students, and as a research and innovation enterprise bringing in more than $128 million dollars in sponsored funding each year. A few highlights of the university’s role in fostering innovation and the economy in Vermont include:The Research and Scholarly Efforts of the Faculty, Staff and StudentsA broad range of research and scholarly activities ranging from basic biomedical research to innovation in agriculture are conducted daily on the UVM campus. In addition to significant institutional resources these efforts are supported by more than $128 million dollars per year of sponsored funding.The UVM Office of Technology Commercialization (OTC) The OTC manages the intellectual property developed by the university’s faculty, staff and students. In the last five years UVM has executed over thirty-six options and license agreements of its intellectual property. Of these, ten were license agreements with new Vermont based start-up companies. Start-ups include Vtrim Online Solutions, an accredited online weight management program founded by Krista Conley Lincoln in Middlebury, Stromatec, a company that is developing diagnostic and therapeutic instrumentation, founded by Robert Davis of Burlington and Patient Engagement Systems, a company developing clinical management tools founded by Dr. Benjamin Littenberg, a UVM faculty member. Multiple licenses have been executed with other Vermont based companies including Leader Evaporator, manufacturer of a maple syrup spout adaptor that more than triples the output per tree, Vermont Natural Coatings that manufacturers a whey-based nontoxic wood finish, and Haematologic Technologies, which makes laboratory reagents for the biotechnology industry.OTC, in collaboration with several partners including the Vermont Center for Emerging Technologies, has offered the annual Invention to Venture forum since 2006, where inventors, venture capitalists, students and faculty share experiences, fostering opportunities to develop strategic relationships. This program has been supported by the Kauffman Foundation and has engaged over a 750 people in the entrepreneurial process since its inception.UVM Ventures is a technology gap fund designed to support efforts by UVM faculty, staff and students to move their intellectual property along the continuum from idea to commercialization. To date, UVM Ventures has invested in 23 projects that have resulted in nine new companies. Currently these fledgling companies have 25 employees and have had over $6.5 million dollars invested in them.Overall, UVM has spun out twelve new companies in the last six years who have employed 41 people and raised over $20 million in capital. Ten of the 12 companies reside in Vermont.The Vermont Center for Emerging TechnologiesVCET is a statewide incubation program for leading-edge technology firms, with its headquarters co-located on the UVM campus. Select high opportunity firms are provided with substantive business mentoring, flexible office space, shared resources, venture capital, entrepreneurial workshops and access to VCET’s proprietary network of venture development professionals, investors and economic development partners. VCET has 25 active portfolio companies in Vermont, has facilitated the creation of 179 next generation jobs and has provided opportunities for 28 student interns. Over the last 12 months, more than $16 million has been invested in the portfolio companies. VCET also manages the Vermont Seed Fund that makes early investment in Vermont start-up companies.The Vermont Technology CouncilThe Technology Council is an independent organization that works to support the creation and growth of technology enabled companies in Vermont. The council is led by Dr. John Evans, senior advisor to the president of UVM. It brings together representatives from state government, higher education and the private sector to work on key issues designed to spur economic growth. The council is responsible for Vermont’s Science and Technology Plan and serves as the statewide Board for the National Science Foundation-funded Vermont EPSCoR program. In 2011 it facilitated summer work experiences for more than 40 higher education students in Vermont-based technology-enabled companies.SEED ProgramThe Senior Experience in Engineering Design (SEED) is a capstone program in the UVM College of Engineering and Mathematical Sciences for seniors, partnering them with businesses to design, build, test, revise and publicly demonstrate a working prototype or solution to an ongoing challenge facing their market. Over the course of two semesters, students meet weekly with a representative of the corporate partner and a UVM professor to complete the project. Students gain extended exposure to the real world of engineering practice, and companies work closely with potential new hires in an environment that draws on the university’s resources and expertise. In 2008, Lisa Ventriss, president of the Vermont Business Roundtable, wrote about SEED, ‘This is precisely the kind of partnership and collaboration between higher education and the private sector that will help grow Vermont’s economy.’Strategic Business PartnershipsMITRE: In July 2010, the not-for-profit, private MITRE Corporation launched its Burlington office, co-located on the UVM campus, in order to work more closely with world-class faculty in the UVM Complex Systems Center and across campus who are critical to MITRE’s mission of developing cutting-edge R&D and solutions in service of the national public interest. MITRE is invested in growing its partnership with UVM and developing new opportunities for MITRE throughout Vermont. IBM: Over the past several years, UVM has developed new connections with IBM global interests in advanced computing, complex systems studies, smart energy research and innovative engineering education. Local relationships with IBM Essex have also led to direct support of UVM’s SEED program, research awards to UVM faculty and the sharing of IBM employee talent in UVM classrooms.Vermont Electric Utilities and Energy Related Businesses: In July and August 2011, the University of Vermont ‘ in partnership with Sandia National Laboratories, the Vermont Law School, and Norwich University ‘ offered a series of timely short courses on smart grid modernization for Vermont utilities, Vermont energy-technology companies and others tasked with developing Vermont’s first-in-the-nation statewide smart grid system by 2013. Vermont utility and energy business interests made up over 45 percent of the smart grid short course attendees. Short course topics included renewable energy integration, smart grid policy, and cybersecurity. Of the partnership and leadership of UVM, Mary Powell, CEO of Green Mountain Power, said, ‘It has been a privilege to partner with the University of Vermont on the tremendous opportunities that lie ahead for our state in the area of smart grid technologies and renewable energy. UVM has been a key strategic partner and its work has enriched the process and opportunities for Vermont.’ ###
Hooksett, NH Biddeford, ME Ionia, MI Manchester, NH Batavia, NYDenver, CO Old Bridge, NJWestminster, CA Ellsworth, ME Brown Deer, WIHaverhill, MA Claremont, NH Emporia, VAOswego, IL S. Tacoma, WAChalmette, LA For additional facts about these announcements, visit store closings and discontinued projects fact sheet.With fiscal year 2010 sales of $48.8 billion, Lowe’s Companies, Inc. is a FORTUNE® 50 company that serves approximately 15 million customers a week at more than 1,725 home improvement stores in the United States, Canada and Mexico. Founded in 1946 and based in Mooresville, N.C., Lowe’s is the second-largest home improvement retailer in the world. For more information, visit Lowes.com.MOORESVILLE, N.C. (BUSINESS WIRE), October 17, 2011 – Lowe’s Rogers, MN N. Kingstown, RIAurora, IL Lowe’s Companies, Inc. (NYSE:LOW) announced today the company is closing 20 underperforming stores in 15 states (three in New Hampshire, including the one in Claremont, and two in Maine). Vermont has only two Lowe’s stores, both in Chittenden County, which are not effected. By comparison, there are 15 total stores in New Hampshire and 12 in Maine. See closure list below.A Wall Street Journal article suggested that Lowe’s has lost some ground to larger and resurgent Home Depot in the Northeast.Ten locations closed at the end of business Sunday, October 16. The remaining 10 locations will close within approximately one month, following an inventory sell-through, accroding to a Lowe’s statement. In addition, after completing a comprehensive review of its pipeline of proposed new stores, the company announced it has discontinued a number of planned new store projects. Lowe’s now expects to open 10 to 15 stores per year in North America from 2012 forward, compared to a prior assumption of approximately 30 stores per year. The company is on track to open approximately 25 stores in 2011, as planned.The expected financial impact of today’s announcements of $0.17 to $0.20 per diluted share was not contemplated in the business outlook for fiscal 2011 which the company provided on August 15 when it released its second quarter earnings. Additional details regarding the impact of the store closings will be provided in the next quarterly earnings release on November 14.‘Closing stores is never easy, given the impact on hard-working employees and local communities,’ said Robert A. Niblock, chairman, president and CEO. ‘However, we have an obligation to make tough decisions when necessary to improve profitability and strengthen our financial position.‘Lowe’s remains committed to making strategic investments and focusing resources in a manner that will generate the greatest shareholder value, enhance the customer shopping experience and create sustained customer loyalty over the long term,’ added Niblock.Approximately 1,950 employees will be affected by these closings. Employees will receive pay and benefits for 60-90 days. In addition, Lowe’s will be working with local government agencies to help employees with outplacement assistance.The stores affected by today’s announcement are located in:Los Banos, CA
On January 9, 2012 the Central Vermont Public Service Corporation (NYSE: CV) Board of Directors approved a quarterly dividend at the rate of twenty-three cents ($.23) per share on the issued and outstanding shares of Common Stock, $6 Par Value, payable February 15, 2012, to stockholders of record at the close of business February 3, 2012. As part of the agreement between potential buyer Gaz Metro of Montreal and CVPS, dividends would be paid up to the time the sale of CVPS to Gaz Metro expires. That deal is expected to close by the middle of 2012. Gaz Metro currently owns Vermont Gas and Green Mountain Power. CVPS and GMP will merge under the new ownership and the new entity will be called Green Mountain Power.RUTLAND, VT–(Marketwire – January 09, 2012)RELATED: CVPS to merge with GMP | Vermont Business Magazine Jul 12, 2011 … The leaders of Central Vermont Public Service Corporation (NYSE: CV) (CVPS) and Gaz MÃ©tro Limited Partnership (Gaz MÃ©tro) today …