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Together For Progress Advocates for Vibrant Community

The Burlington Business Association has partnered with a group of prominent local organizations to create Together For Progress, a new initiative which aims to address several key issues facing Burlington.

“There are several excellent proposals being discussed by the Great Burlington community right now and we want to show our support for those projects that align with our mission as well as raise awareness about their benefits,” said BBA Director Kelly Devine. “We believe the Burlington area can maintain its character while it evolves into an even more vibrant place to work, live and raise a family.”

In addition to the BBA, Together For Progress will be bolstered by fellow anchor members AARP Vermont, Chittenden County Regional Planning Commission, Lake Champlain Regional Chamber of Commerce and Local Motion.

The group has already started advocacy efforts on behalf of the Burlington Town Center redevelopment and will also look to raise awareness for the importance of initiatives outlined in:
  • The ECOS Plan
  • Plan BTV Downtown and Waterfront
  • Plan BTV Walk/Bike Master plan
  • Downtown Parking and Transportation Plan
“We need to create more affordable housing, more downtown office space, more opportunities for locally owned business in all areas of the city and continue the progress we’ve made over the past decade.” said Lake Champlain Regional Chamber of Commerce President Tom Torti.

People can learn more about the organization as well as sign a petition is support of the Burlington Town Center redevelopment at Together4Progress.com.
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White & Burke hosts 2016 Development Conference

On November 2nd, BBA Members White + Burke will present the third-annual Vermont Development Conference featuring discussions of economic trends, PFOAs, the Building Homes Together initiative, development impacts of marijuana legalization, creative financing, the Change The Story initiative, and much more! Join more than 275 development and real estate professionals on Wednesday, November 2, at the Hilton Burlington Hotel for a full day of networking, seminars, and workshops. For more information and to register, please visit http://whiteandburke.com/vermont-development-conference/

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BBA Welcomes John Caulo to Board of Directors

The Burlington Business Association is proud to announce the election of John Caulo to it’s Board of Directors at their most recent meeting.

“The BBA is really excited to welcome John Caulo Associate Vice President at Champlain College to our Board of Directors,” said director Kelly Devine. “The connection between local institutions and downtown vitality is a critical one for Burlington’s vitality.”

In his current position, which he has held since 2011, he is directly involved in the planning and execution of new capital projects undertaken by Champlain as well as providing executive oversight of several departments, including Physical Plant, Events Center, Public Safety and Sustainability. Prior to joining Champlain College, he was the owner of LandPlan Advisors, LLC, a comprehensive set of real estate development services, including land use and strategic planning. He also served as Associate Director of the Real Estate Office at Dartmouth College for 11 years.
“I’ve known John Caulo for years and I’ve always been impressed with the dedication and vision he brings to his work. His input on the Board of Directors for the Burlington Business Association will be invaluable as we work hard to advocate for economic vitality and a strong work, live, play environment downtown.” Said Chairman of the Board Richard Deane, of TruexCullins.
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South Burlington Moving Forward on Downtown

The South Burlington City Council heard public comments Monday night, on a proposed TIF district as part of city’s vision for new downtown. If residents support the bond measure on November 8th, it would clear the way for construction to begin on phase one of the transformative project.

City officials have long dreamed of creating a city center for the sprawling community, now the second largest in Vermont. The current plan calls for housing, office, and retail space as well as new municipal facilities, along what is now Market Street. When completed it would provide a live, work, play lifestyle to South Burlington residents.

“We like to look at the Trader Joes, and Pier One, and Healthy Living projects as the beginning of the city center, and it truly is, but the build out is very exciting,” City Manager Kevin Dorn told myChamplainValley.com.

Coincidentally, South Burlington voters will weigh in on the project the same day that residents in Burlington will vote on TIF funding as part of the Burlington Town Center redevelopment. The outcome of both projects will play a major role in determining the future vitality of downtown life in Vermont’s two largest cities.

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One Burlington Square Offices to be Redeveloped

It was announced Friday that BBA Member Investors Corporation of Vermont will spearhead the redevelopment of One Burlington Square to create 50,000 square feet of “Class A” office space in the heart of Downtown Burlington.

The plan includes exterior improvements, additional parking and a new level of office space on what is currently the building’s roof. Investors Corporation of Vermont will also seek LEED Certification for the completed project.

“The renovation of One Burlington Square is a welcome investment in our downtown that will bring the building in line with our City’s larger goals of energy efficiency and environmental responsibility to keep Burlington strong and vibrant,” said Mayor Weinberger in the City’s press release.

The project has obtained the necessary permits, and will begin construction once UVM Medical Center has decommissioned the building, expected in February of 2017.

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BBA Stands Behind South End Project

Burlington Business Association Director Kelly Devine and Burton Vice President Justin Worthley spoke in favor of a proposed mixed use development on the corner of Pine Street and Flynn Avenue at Wednesday’s Development Review Board hearing.

The project would address the need for workforce housing in Burlington’s South End by adding 30 apartment units; as a part of a project that includes first floor commercial space and a rooftop deck.

“The addition of the 30 units is really important to the health and well-being of that particular part of the community,” Devine said in the Burlington Free Press.

Devine and Worthley testified that South End companies such as Burton, Dealer.com, and Select Design need walkable housing options for employees.

The Development Review Board will hold further deliberations on the project during their meeting on Monday, August 8th at Contois Auditorium.

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2016 Vermont Web Marketing Summit

Started in 2010 with only 80 attendees and a goal to instill a digital mindset to marketing professionals in Vermont & New Hampshire, the VT Web Marketing Summit has grown to be recognized as one of the leading annual conference that delivers some of the boldest, brightest and immersive digital marketing trends, strategies, challenges and success stories.

This year it’s on TUESDAY, OCT 25, at HILTON, BURLINGTON.
Speakers from leading local and national marketing environments will share insights and practical tips on the ever-evolving world of digital marketing.

Register Now!**

**BBA Members are eligible for the PARTNER MEMBERS SPECIAL. Select this option when registering.

Early Bird Rates Expire October 4th!
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Vermont Life Profiles Burlington Town Center Developer

The latest edition of Vermont Life Magazine profiles Don Sinex, the force behind the Burlington Town Center Redevelopment project. Sinex’s Devonwood Investors purchased the mall in 2013 and are in the process of turning the outdated property into a modern commercial and residential center in downtown Burlington.

The project, which would add 350,000 square feet of office and retail space as well as re-opening St. Paul Street and Pine Street to public use, is currently under consideration by the City Council. Read More

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People’s United Expands Nationally while Caring for the Local Community

It has been a busy month for People’s United Bank both nationwide and right here in Burlington. On July 18th the company awarded $15,000 to the Boys and Girls Club of Burlington. Additionally on July 27th People’s United donated $5,000 to Camp Ta-Kum-Ta. Nationally People’s United and its subsidiaries completed two significant acquisitions.727_peoples_resource-w200-h200

“People’s United Bank has been an outstanding partner as we work to break the cycle of poverty and create a successful future for our youth” said Mary Alice MacKenzie, Executive Director of the Boys and Girls Club. The $15,000 award supports the Club’s Early Promise program which aims to help members be successful in school and prepare them for education beyond high school.

Over the past five years People’s United Bank has donated $22,000 to Camp Ta-Kum-Ta, a free camp in South Hero for kids dealing with cancer.

People’s United Bank subsidiary People’s Securities, Inc. has entered into a definitive agreement to acquire Gerstein Fisher, a $3 billion, New York City-based investment management firm serving individuals and families, institutions, and third-party platforms. The transaction is expected to bring People’s United Wealth Management’s total assets under administration to nearly $20 billion, of which approximately $8 billion is under discretionary management.Gerstein Fisher manages assets using a quantitative Multi-Factor® approach, which structures portfolios to overweight the factors that leading-edge academic research has identified as having the potential to deliver enhanced returns. “We look forward to bringing the firm’s pioneering Multi-Factor investment approach, as well as the guidance of Gregg Fisher, to our current and future clients,” said Galan Daukas, SEVP, People’s United Wealth Management.

In late June, People’s United also announced a definitive agreement pursuant to which People’s United Financial will acquire Suffolk Bancorp, of Riverhead, NY, the holding company for Suffolk County National Bank, in a 100% stock transaction valued at approximately $402 million.

“[The] strengths of our combined organizations [will] create additional value for all of our stakeholders,” said Howard C. Bluver, President and CEO of Suffolk Bancorp.