Mary Nowlan New Editor of Vermont Life Magazine

first_imgMary Nowlan Named New Editor of Vermont Life MagazineFormer Eating Well Magazine Editor Becomes State Magazines Seventh EditorMary Hegarty Nowlan succeeds Tom Slayton, who retired in February after 23 years at the helm of the states official quarterly publication that celebrates Vermonts people, places, and heritage.In her position, Nowlan will be responsible for oversight of all the editorial functions of the award-winning magazine under Publisher Tom Kelly.We couldnt be more pleased to have attracted someone of Marys caliber for this position, said Tourism and Marketing Commissioner Bruce Hyde. She brings a tremendous amount of editorial skill and knowledge to the position, along with a high level of creative energy and enthusiasm.Vermont Life has an extraordinary record of achievement, and Im honored to have been chosen to carry on a great tradition, Nowlan said. I also believe the magazine has enormous potential for further growth.A native of Connecticut, Nowlan has lived in Vermont since 1992 and worked as an editor at Eating Well magazine from 1992 to 1998. Most recently she has worked as a freelance writer for various newspapers, including the Boston Globe, Rutland Herald, and Seven Days.Nowlan has a Masters in journalism from the prestigious Medill School of Journalism at Northwestern University, where she graduated in 1992 with distinction from the magazine publishing program and was recipient of the Crain Award for outstanding management potential.She received her bachelors degree in English from Dartmouth College in 1989, where she was named a Rufus Choate Scholar in recognition of her high class standing.Vermont Life celebrated its 60th year in print last year, and has won nearly one hundred national awards for excellence in the past two decades alone.Hyde said that Slayton, Vermont Lifes longtime editor, will continue his association with the publication as editor emeritus.In his remarkable career, Tom has made the magazine one of the most respected state publications in the country, Hyde said. We are pleased that he will be able to continue to share his accumulated wisdom and experience with Mary and the Vermont Life enterprise.Nowlan said she understands that the magazine is a Vermont institution and said that any editorial changes would be made slowly and with respect to the magazines traditions.Vermont is a very special place, and the talents of the Vermont Life staff and the magazines amazing group of contributing writers and photographers deserve to be more widely shared, she said. I know Vermont Life can reach an even broader reader base, and Im excited to help make that happen.last_img read more

Northern Power’s parent company in trouble

first_imgNorthern Power’s parent company in troubleThe parent company of Barre’s Northern Power Systems is facing a serious financial pinch. Distributed Energy Corp of Wallingford, CT, the parent company of Northern Power Systems in Barre, is facing a financial crisis and is trying to sell its other subsidiary, fuel cell company Proton Energy Systems. Whether Distributed survives may depend on whether it can sell Proton and with that whether private equity firm Perseus LLC of Washington, DC, will decide to inject $12.5 million into the company.Northern Power was founded by Donald Mayer and David Sellers in Waitsfield in 1974, and eventually run by Jito Coleman, the Small Business Administration person of the year in 2002. Northern Power was bought by Distributed in a merger of Northern Power and Proton in 2003. The company announced last year it was closing the Waitsfield site and moving all operations to Barre. Northern Power is the more successful of the two Distributed subsidiaries.last_img read more

Increasing cost of long-term care in Vermont nearly double inflation rate

first_imgThe cost of long term care in Vermont is rising at a rate outpacing inflation, putting significant financial pressure on those in or near retirement, according to an annual study by Genworth Financial. At the same time, the current economic downturn has led to a decline in home values and investment returns for many residents of Vermont, creating further financial planning challenges for many in the state.Nationwide, the annual cost for a private nursing home room is $74,208, or $203 per day, representing an increase of 4 percent annually since 2005. This represents a rate of growth nearly twice that of the median annual inflation rate of 2.3 percent over the same period of time, measured using the Core CPI (which excludes food and fuel) reported by the U.S. Bureau of Labor Statistics. In Burlington, this cost has risen 9 percent a year since 2005 and across the rest of Vermont the cost has risen 4 percent a year over the same time period.Since 2004, Genworth has surveyed the cost of long term care across the U.S. to provide Americans with a clear understanding of the cost of care in their part of the country. With this knowledge, individuals and families can begin to prudently plan for these potential costs. The most comprehensive study of its kind, Genworth’s 2009 Cost of Care Survey, conducted by CareScout(R), covers more than 14,000 nursing homes, assisted living facilities, and home health and adult day health care providers in 331 regions across America.”Many Vermont residents who had planned to tap their hard-earned nest egg to cover future long term care costs are finding this may no longer be a viable option given the economic downturn,” said Buck Stinson, president, insurance products at Genworth Financial. “Two-thirds of people over age 65 will need long term care in their lifetimes. The localized information provided by Genworth’s 2009 Cost of Care Survey is invaluable to families and their trusted advisors in mapping out a financial security strategy to cover the growing cost of this vital care.”A Snapshot of Vermont Long Term Care CostsNursing Homes: The median annual cost for a private nursing home room in Burlington is $96,634. Across the rest of the state, the comparable cost is $87,418.Assisted Living: In Burlington, assisted living costs have risen 11 percent a year over the past five years to a median annual cost of $46,620 for a private room. Costs have risen 1 percent a year across the rest of the state to $33,390. The national annual cost for a private room in an assisted living facility is $33,903, which has increased 5 percent annually over the past five years.Home Care: The median hourly rate for a non-Medicare certified, state licensed home health aide is $23 inBurlington, which represents an annual growth rate of 5 percent since 2005. The cost nationally for this type of care is $18 per hour, with costs increasing 2 percent annually over the past five years.Adult Day Health Care: For adult day health care services, the daily rate in Burlington is $92 and $86across the rest of Vermont, higher than the national rate of $54.Full results of Genworth’s 2009 Cost of Care Survey, including detailed information about costs in Vermont, an interactive map of the cost of care in all 50 states and 331 geographic regions, and other useful tools and information, are available online at is external).Genworth’s 2009 Cost of Care Survey was conducted by CareScout during January, February and March 2009. CareScout, which was acquired by Genworth Financial in June 2008, has conducted the Genworth Cost of Care Survey since 2004.About Genworth FinancialGenworth Financial, Inc. is a leading Fortune 500 global financial security company. Genworth has more than$100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement and Protection, U.S. Mortgage Insurance and International. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit From time to time Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the “Investors” section of term care insurance is underwritten by Genworth Life Insurance Company, and in New York, Genworth Life Insurance Company of New York, Administrative Offices: Richmond, Virginia. Coverage may not be available in all states.About CareScoutHeadquartered in Waltham, Massachusetts, CareScout helps Americans across the United States find quality care providers for their long term care needs. As an objective source for this provider information, CareScout, now part of the Genworth Financial family of companies, developed the nation’s first quality-of-care ratings system for certified nursing homes and home care providers. Large employers, risk underwriters and families rely on CareScout’s proprietary ratings system, the CareScout network and database of more than 90,000 nursing homes, assisted living facilities and home care agencies to help find and arrange the most appropriate care for loved ones. For more information, visit is external). SOURCE Genworth Financial RICHMOND, Va., April 30 /PRNewswire/ —last_img read more

Welch seeks to increase and index to inflation MILC payments

first_imgUS Rep. Peter Welch (D-Vermont) on Thursday introduced legislation that would index to inflation Milk Income Loss Contract (MILC) Program payments to dairy farmers.The Dairy Fairness Act of 2009, which is co-sponsored by eight Members of Congress, would amend the Farm Bill to tie MILC payments to the Consumer Price Index, thereby increasing payments to farmers each year. Sen. Kirsten Gillibrand (N.Y.) is introducing companion legislation in the Senate. We are in the midst of a dairy crisis like Vermont has never seen. Throughout the state and throughout the Northeast, dairy farmers are struggling to hang on as the disparity between the price of milk and the cost of production shows no sign of easing, Welch said. While this legislation faces an uphill battle in Congress, I will continue to do everything I can to raise awareness about this devastating situation and educate my colleagues about the importance of saving our prized Vermont dairy industry.Also, earlier this week Welch fought to amend the agriculture appropriations bill to increase the overall MILC payment rate. Currently, farmers receive 45 percent of the difference between the price of milk and the target price of $16.96 per hundredweight. Under the Welch amendment, which was co-sponsored by six Members of Congress, farmers would receive 79 percent of the difference between the price of milk and the target price. The amendment was not accepted by the House Rules Committee.Welch s legislation comes during one of the greatest crises Vermont s dairy industry has faced. These legislative efforts are intended as short-term fixes to the problem as farmers work together to find long-term remedies to volatility in the milk market. I have been farming for 31 years and have never had to borrow money to balance the check book. I am now, said Bryan Davis, a Derby Line farmer who attended a breakfast meeting Welch held with Franklin County farmers Tuesday. The price I am receiving for my milk does not cover the cost of production. I am losing money every day. We need serious help soon before the bank closes the door.Recognizing the growing difficulties faced by dairy farmers, the Secretaries of Agriculture from eleven Northeastern states wrote Congress earlier this year advocating an increase in MILC payments from 45 to 79 percent. The St. Albans Cooperative Creamery also wrote President Obama earlier this year requesting the same increase.Vermont Secretary of Agriculture Roger Albee said, Our dairy farmers are important contributors to our economy, rural communities, landscape and way of life.  Unfortunately, they are victims of an antiquated and broken pricing system that is putting their livelihoods at risk. It s important that they know that work is being done for the short and long term to help them during this unprecedented time of financial stress. I appreciate Congressman Welch s efforts and fully support his proposal. It will help to bring some immediate relief, not only to struggling dairy farmers in Vermont, but across the nation as well.  Welch raised the growing plight of dairy farmers on the House floor Wednesday night with Reps. Rosa DeLauro (Conn.) and Joe Courtney (Conn.). Click here to view the exchange.Source: Welch’s office.last_img read more

People’s United to acquire Danvers Bancorp for $493 million

first_imgPeople’s United Bank,People’s United Financial, Inc. (Nasdaq: PBCT), the holding company for People’s United Bank, and Danvers Bancorp, Inc. (Nasdaq: DNBK), of Danvers, Massachusetts, the holding company for Danversbank, announced yesterday a definitive agreement pursuant to which People’s United Financial will acquire Danvers Bancorp, in a 55% stock and 45% cash transaction valued at approximately $493 million. Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approval and the approval of Danvers Bancorp’s shareholders.”We are pleased that Danversbank has chosen to grow with People’s United Bank,” said Jack Barnes, President and Chief Executive Officer of People’s United Financial. “Danversbank, combined with our existing Massachusetts presence, makes People’s United ‘ New England’s largest independent bank ‘ the seventh largest bank both in Massachusetts and in the Boston MSA.  Danversbank is a high-quality commercial institution that offers an excellent platform for growth and is a natural extension of our brand. It complements our continuous footprint from Worcester, in central Massachusetts, through Boston and on into New Hampshire.””I’m confident that this transaction will benefit Danvers Bancorp shareholders, customers and employees,” said Kevin T. Bottomley, Chairman, President and Chief Executive Officer of Danvers Bancorp. “People’s United brings substantial resources for increased lending, additional products and services and opportunities for professional development for our employees. When coupled with our highly experienced lending staff and extensive eastern Massachusetts branch network, the combined organization will be well positioned to compete with the biggest players in the Greater Boston area.”Bottomley will join the People’s United Board of Directors upon the closing of the transaction. In addition, he will be a strategic advisor to People’s United in its efforts to successfully integrate the Danversbank organization and grow People’s United in the Greater Boston market.People’s United expects the transaction to be immediately accretive to operating earnings with an IRR greater than 15%.  The transaction is expected to close late in the second quarter of 2011.Under the terms of the definitive agreement, which has been approved by both companies’ boards of directors, Danvers Bancorp shareholders may elect to receive either $23.00 in cash, or 1.624 shares of People’s United Financial stock for each Danvers Bancorp share, subject to customary pro ration provisions, whereby 55% of Danvers Bancorp shares will be exchanged for stock and 45% for cash. The transaction is valued at $23.00 per Danvers Bancorp share, based on the average closing price of People’s United for the 10-day period ended January 19, 2011. The receipt of People’s United Financial stock by shareholders of Danvers Bancorp is expected to be tax-free.To ensure the continuity of Danversbank’s philanthropic and community-based mission and for the benefit of the communities traditionally served by Danversbank, the parties have agreed that The Danversbank Charitable Foundation Inc. will continue its separate existence for a period following the consummation of the transaction. People’s United has also agreed to make certain charitable contributions in Danvers’ market area in the near-term. Mr. Bottomley will serve as Chairman of the Board of Directors of the Foundation and, in recognition of the combined franchise, the board will be expanded with the addition of two directors to be proposed by People’s United.People’s United was advised in this transaction by Keefe, Bruyette & Woods as financial advisor and Simpson Thacher & Bartlett LLP as legal counsel. Danvers Bancorp was advised by Endicott Financial Advisors, LLC, as financial advisor, and received a fairness opinion from Sandler O’Neill & Partners, L.P., while Hogan Lovells US LLP acted as legal counsel.Additional information regarding this transaction will be included in the People’s United fourth quarter 2010 earnings conference call and presentation taking place on January 21, 2011 at 11 a.m., Eastern Time. The call may be heard through is external) by selecting “Investor Relations” in the “About People’s United” section on the home page, and then selecting “Conference Calls” in the “News and Events” section. Additional materials relating to the call may also be accessed at People’s United Bank’s web site. The call will be archived on the web site and available for approximately 90 days.About People’s United Financial, Inc.People’s United Bank is a subsidiary of People’s United Financial, Inc., a diversified financial services company with $25 billion in assets. Peoples United Bank, founded in 1842, provides consumer, commercial and wealth management services through nearly 340 branches in Connecticut, Vermont, New York, New Hampshire, Maine and Massachusetts. Through additional subsidiaries, People’s United provides equipment financing, asset management, brokerage and financial advisory services, and insurance services.About Danvers BancorpDanversbank is a wholly-owned subsidiary of Danvers Bancorp, Inc., a holding company with approximately $2.6 billion in total assets. Danvers Bancorp, Inc., through Danversbank, offers a wide range of commercial and retail banking services, including commercial and industrial loans, commercial real estate loans, owner-occupied residential mortgages and consumer loans, treasury management, debit and credit card products, online banking, and investment management services. Danversbank operates a total of 28 branches in the following communities: Andover, Beverly, Boston, Cambridge,Chelsea, Danvers, Hamilton, Malden, Manchester-by-the-Sea, Middleton, Needham, Peabody, Reading,Revere, Salem, Saugus, Topsfield, Waltham, Wilmington, and Woburn, Massachusetts.Additional Information About the TransactionThe proposed transaction will be submitted to the stockholders of Danvers Bancorp for their consideration. In connection with the proposed merger with Danvers Bancorp, Inc., People’s United will file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 that will include a proxy statement of Danvers Bancorp that also constitutes a prospectus of People’s United. Danvers Bancorp will mail the proxy statement/prospectus to its stockholders. Investors and security holders are urged to read the proxy statement/prospectus regarding the proposed merger when it becomes available, as well as other documents filed with the SEC, because they will contain important information. You may obtain a free copy of the proxy statement/prospectus (when available) and other related documents filed by People’s United and Danvers Bancorp with the SEC at the SEC’s website at is external). The proxy statement/prospectus (when it is available) and the other documents may also be obtained for free by accessing People’s United web site at is external) under the tab “Investor Relations” and then under the heading “Financial Information” or by accessing Danvers Bancorp’s web site is external) under the tab “Investor Relations” and then under the heading “SEC Filings.”Participants in the TransactionPeople’s United, Danvers Bancorp and their respective directors, executive officers and certain other members of management and employees may be deemed “participants” in the solicitation of proxies from Danvers Bancorp’s stockholders in favor of the merger with Danvers Bancorp. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the Danvers Bancorp stockholders in connection with the proposed merger will be set forth in the proxy statement/prospectus when it is filed with the SEC. You can find information about the executive officers and directors of People’s United in its Annual Report on Form 10-K for the year ended December 31, 2009 and in its definitive proxy statement filed with the SEC on March 23, 2010. You can find information about Danvers Bancorp’s executive officers and directors in its Annual Report on Form 10-K for the year ended December 31, 2009 and in its definitive proxy statement filed with the SEC on April 16, 2010.This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities.This press release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are intended to be covered by the safe harbor provisions for forward- looking statements contained in the Private Securities Litigation Reform Act of 1995, and this statement is included for purposes of complying with these safe harbor provisions. These forward-looking statements are based on current plans and expectations, which are subject to a number of risk factors and uncertainties that could cause future results to differ materially from historical performance or future expectations. These differences may be the result of various factors, including, among others: (1) failure of the parties to satisfy the closing conditions in either merger agreement in a timely manner or at all; (2) failure of the shareholders of Danvers Bancorp to approve the applicable merger agreement; (3) failure to obtain governmental approvals for the merger; (4) disruptions to the parties’ businesses as a result of the announcement and pendency of the merger; (5) costs or difficulties related to the integration of the business following the merger; (6) changes in general, national or regional economic conditions; (7) the risk that the anticipated benefits, cost savings and any other savings from the transaction may not be fully realized or may take longer than expected to realize (8) changes in loan default and charge-off rates; (9) reductions in deposit levels necessitating increased borrowings to fund loans and investments; (10) changes in interest rates or credit availability; (11) possible changes in regulation resulting from or relating to the pending financial reform legislation; (12) People’s United’s success in addressing management succession issues in a timely and effective manner; (13) changes in levels of income and expense in noninterest income and expense related activities; and (14) competition and its effect on pricing, spending, third-party relationships and revenues.For additional factors that may affect future results, please see filings made by People’s United and Danvers Bancorp with the Securities and Exchange Commission, including People’s United’s Annual Report on Form 10-K for the year ended December 31, 2009 and Danvers Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2009. People’s United and Danvers Bancorp undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or other changes.People’s United Bank. Everything Starts With You.  SOURCE People’s United Financial, Inc.; Danvers Bancorp, Inc. BRIDGEPORT, Conn. and DANVERS, Mass., Jan. 20, 2011 /PRNewswire/ —last_img read more

BCBSVT receives national recognition for member communications

first_imgBlue Cross and Blue Shield of Vermont,Blue Cross and Blue Shield of Vermont has received national recognition for the content, clarity and design of a key communications document that provides members with information about their claims and benefits.  Dalbar, Inc., a leading third-party evaluator of communications quality for the financial services and health care industries, has awarded BCBSVT’s Explanations of Benefits document its ‘Excellent’ designation and ranked it fourth out of 37 providers whose EOB’s it reviewed. ‘While many insurers treat their Explanation of Benefits statements (EOB’s) as a necessary evil, the reality is this communication offers great opportunities to increase customer loyalty and satisfaction,” said Kathleen Whalen, managing director at DALBAR. “Clearly BCBSVT recognizes the importance of this customer touch point, and has transformed it into an understandable and useful consumer tool.” BCBSVT’s improved Explanation of Benefits, deployed in 2010, is a key part of the company’s efforts to make health care easier and more understandable to its members. It is one of a series of improvements the company has made over the past year as part of its TrueBlue Service initiative, which is designed to raise the standard of service performance and provide its members with high quality, personalized service.DALBAR is one of the nation’s leading financial services market research firms, and performs a variety of ratings and evaluations of practices and communications that are committed to raising the standards of excellence in the financial services and healthcare industries.Blue Cross and Blue Shield of Vermont is the state’s only Vermont-based health insurer and is the largest private health plan in Vermont.  The non-profit company employs more than 340 people and provides health care benefits for more than 150,000 Vermonters.  The company offers benefits and services to virtually all Vermont populations through its array of products and through its partner companies, The Vermont Health Plan (TVHP) and Comprehensive Benefits Administrators. More information about Blue Cross and Blue Shield of Vermont is available on the Internet at is external)   Blue Cross and Blue Shield of Vermont is an independent corporation operating under a license with the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans. (End)last_img read more

Vermont Foodbank launches ‘Nothing Can End Hunger in Vermont’ campaign

first_imgThe Vermont Foodbank asks the public to do ‘Nothing’ about hunger. Breaking away from traditional appeals, the Foodbank’s ‘Nothing’ campaign evokes the desolation of ‘Nothing’ to eat and offers something to do about it. Cans of ‘Nothing’ ‘ 14,000 empty cans with slots for collections ‘ will be sold for $2.99 each at all Vermont Hannaford Supermarkets. Proceeds from the sale of each can benefit the Foodbank and help provide 18 nourishing meals for a family in need. The Vermont Foodbank turns ‘Nothing’ into a commodity to help the hungry at a time when the need has never been greater. The ‘Nothing’ Campaign is on the web at is external), on television, on the radio, and in social media outlets such as Facebook, Flickr, Twitter and YouTube. This landmark campaign begins July 14, 2011, and continues through September. A challenge for the Vermont Foodbank is finding ways to engage new donors, volunteers and advocates. The campaign works to convince potential donors that something can be done about a persistent social problem. ‘Vermont is the ninth hungriest state in the country’14 percent of all households are food insecure,’ says John Sayles, Chief Executive Officer of the Vermont Foodbank. ‘Cuts to the federal nutrition safety net, as well as high unemployment, and substantial food and housing costs mean more Vermonters are making tough choices between food and other necessities.  The charitable food system is feeding more Vermonters than ever before.’ The campaign is supported and underwritten by Citizens Bank and Hannaford Supermarkets.  “Investing in our community is a core value at Citizens,” said Joe Carelli, President, Citizens Bank, Vermont. “When we learned about this campaign, we immediately thought it was an innovative and exciting way to approach hunger awareness, and we wanted to be a part of it. Regardless of your ability to give, whether it’s a financial gift, donating your time to volunteer, or helping to promote awareness, any and all support makes a difference.  I am proud to say we can ALL do something about Nothing.” NAIL, an award-winning communications agency in Providence, R.I., created the ‘Nothing’ Campaign. ‘How do you make ‘nothing’ a positive thing? You make it something meaningful, an empty can that you hold in your hand,’ says Jeremy Crisp, the NAIL Partner directing the effort. ‘All of a sudden, nothing can end hunger in Vermont.’ ‘The idea that Nothing Can End Hunger in Vermont reflects the persistence of the problem in our communities,’ said Andy Willette, Regional Manager for Hannaford Supermarkets in Vermont. ‘Hannaford believes that the strength of our community directly impacts the future of our business, and we are proud to help do something about the problem of hunger.’The goal of the ‘Nothing’ Campaign is to raise significant funds in order to help provide nourishing meals to as many as 86,000 hungry Vermonters.  Each purchased can of ‘Nothing’ will return $2.99 to the Foodbank. A $25 donation to the Vermont Foodbank will help provide a family of four with groceries for nearly two weeks. Donors are encouraged to make their donations online. Through this campaign, the Foodbank also hopes to expand its base of online donors and to capture new email addresses in order to start building a relationship with potential new donors. And, of course, the Food Bank will gratefully take back cans of ‘Nothing’ filled with something in donations. ‘This effort to engage a new audience in supporting our work, would not have been possible without the incredible creativity of NAIL, and the financial support of the Citizens Bank and Hannaford Supermarkets,’ states Sayles. The Vermont Foodbank is the state’s largest hunger-relief organization, serving communities in all 14 counties of Vermont through a network of more than 280 food pantries, soup kitchens, shelters, senior centers and after-school programs. In FY2010, the Vermont Foodbank distributed more than 7.6 million pounds of food to as many as 86,000 Vermonters.  The Vermont Foodbank, a member of Feeding America, is nationally recognized as one of the most effective and efficient nonprofits and food banks in the nation.  To learn more about hunger in your community and to take action against hunger and poverty in Vermont, visit us on the web at is external)     #                      #                      #last_img read more

Michael Franti, Grace Potter join with Green Mountain Coffee to raise the volume on fair trade

first_imgThis month, acclaimed musicians Michael Franti and Grace Potter have joined with Green Mountain Coffee to spread the word about fair trade. Fair trade provides a fair price to coffee farmers for their beans, resulting in high-quality coffee and a higher quality of life in coffee-growing communities. Through exclusive live performances on Green Mountain Coffee’s Facebook page ( is external)) on October 8, Franti and Potter will share how small choices ‘ like the coffee we drink ‘ can help drive big change.Michael Franti  and Spearhead’s last concert of their US tour will be live webcast on Green Mountain Coffee’s Facebook page on October 8 at 9 pm PT/midnight ET. (Photo: Business Wire)”Fair trade means that, by doing something as simple as buying Fair Trade Certified coffee, we become directly involved in the lives of farmers by helping them improve education, health and the environment within their communities,” saidMichael Franti. “Green Mountain Coffee has been a leading force in the fair trade movement and this partnership is an incredible opportunity for us to share the fair trade message by bringing people together with great music and great coffee.””Partnering with Green Mountain Coffee is a great way for us to reach a larger audience about the positive impact people can have by supporting fair trade,” saidGrace Potter. “There’s no better time than now for people to make the switch and look for the Fair Trade Certified label on the products they buy. It seems like a small thing, but together, we can make a difference in the quality of life for farmers around the world.”Both musicians will give exclusive live performances in October, in honor of Fair Trade Month:October 8 at 9:00 p.m. PT/midnight ET ‘Michael Frantiand Spearhead’s last concert of their U.S. tour from the Greek Theatre at Berkeley, CA will be live webcast exclusively on Green Mountain Coffee’s Facebook page.October 20 at 7:00 p.m. PT/10:00 p.m. ET ‘Grace Potterand the Nocturnals will perform an exclusive concert dedicated to fair trade, streamed live on Green Mountain Coffee’s Facebook page.”This October, Green Mountain Coffee is celebrating Fair Trade Month in a big way, to reach as many coffee drinkers as possible,” saidDerek Archambault, Senior Brand Manager for Green Mountain Coffee. “Music can be a powerful way to share a message, and through partnering with Michael and Grace, we hope to inspire people that the choices we make about what’s in our cup can help improve the lives of coffee farmers around the world.”For more than a decade, Green Mountain Coffee Roasters, Inc. (GMCR) has been a leader in the fair trade movement, and its purchases of Fair Trade Certifiedâ ¢ coffee have delivered millions of dollars in education, healthcare, and other infrastructure improvements to coffee-growing communities. Green Mountain Coffee ‘ part of GMCR’s family of brands ‘ offers the largest selection of Fair Trade Certified coffees in the United States. Green Mountain Coffee’s Fair Trade Certified coffee is available through specialty and mass retailers, grocery, club and convenience stores, offices, quick-serve restaurants and online.Learn more about the benefits of fair trade and Green Mountain Coffee’s efforts on the brand’s Facebook page. For more information about Green Mountain Coffee’s Fair Trade Certified coffees, visit is external).About Green Mountain Coffee Roasters, Inc.As a leader in specialty coffee and coffee makers, Green Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ: GMCR) is recognized for its award-winning coffees, innovative Keurig® Single-Cup brewing technology, and socially responsible business practices. GMCR supports local and global communities by offsetting 100 percent of its direct greenhouse gas emissions, investing in sustainably-grown coffee, and allocating at least five percent of its pre-tax profits to socially and environmentally responsible initiatives.GMCR routinely posts information that may be of importance to investors in the Investor Relations section of its website, including news releases and its complete financial statements, as filed with the SEC. The Company encourages investors to consult this section of its website regularly for important information and news. Additionally, by subscribing to the Company’s automatic email news release delivery, individuals can receive news directly from GMCR as it is released.GMCR-S WATERBURY, Vt.–(BUSINESS WIRE)–last_img read more