News in Brief February 2021 | Vermont Business Magazine vermontbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vermontbiz.com Daily Mail and Mail on Sunday newspapers.
Vermont State Colleges Trustees approve consolidation, campuses to stay open
The Vermont State College System Board of Trustees have voted to move forward with the proposal outlined by the state’s Select Committee on the Future of Public Higher Education in Vermont. The proposal will unify the three residential colleges, Castleton University, Northern Vermont University, and Vermont Technical College, under a common accreditation in Academic Year 2023-2024 while maintaining the Community College of Vermont as a separate institution. Additionally, the system will streamline services across the institutions through significant administrative consolidation. The board said it is committed to maintaining the current campus locations. A single president of the consolidated colleges would take over by January 2022.
A Vermont captive assists a solid waste management authority in meeting its sustainability goals
Vermont Business Magazine Governor Phil Scott announced today that the Department of Financial Regulation (DFR) has licensed Vermont’s 1,200th captive insurance company. Sustainable Assurance Company was granted a license as a pure Captive Insurance Company on January 1, 2021. It was formed by the Lancaster County (PA) Solid Waste Management Authority (LCSWMA).
“As Vermont reaches another significant milestone for our Captive Insurance industry, we look forward to continuing to grow our reputation as a global leader in this sector and utilize our position to bring more Captives to Vermont,” said Governor Phil Scott.