Randolph, Vermont - Northfield Savings Bank has made a recent investment to Vermont Technical College to support workforce development in Vermont's manufacturing sector. Vermont Tech recently launched a Bachelor of Science degree in Manufacturing Engineering Technology and is enhancing its manufacturing and electrical engineering laboratories to bolster Vermont's capacity for advanced manufacturing.
“We are pleased to support Vermont Tech's initiatives on its Randolph campus and beyond to prepare the next-generation workforce in manufacturing technology,” said Thomas Leavitt, President & CEO of Northfield Savings Bank, which is headquartered in Central Vermont. “This contribution is consistent with our well-recognized history of community reinvestment. Vermont Tech's state-of-the-art laboratories and applied, technical programs will give Vermont graduates a head start in the field of manufacturing.”
The bank’s investment will support Phase II of Vermont Tech’s advanced manufacturing initiatives, some of which are located at the Advanced Manufacturing Laboratory and Electrical Engineering Technology Laboratory on the Randolph campus. Capital improvements include new 3D printers and additional scanners to teach manufacturing design, reverse engineering and additive manufacturing; a new machine tooling lab; new materials processing lab; and expanded virtual workstation technologies.
“We are proud to be the state’s source for developing tomorrow's advanced manufacturing employees,” said Vermont Tech President Dan Smith. “These high-tech careers offer a pathway to economic independence for Vermonters – in a sector that is ripe for growth in the state. High-quality, innovative learning spaces are vital to our success in both attracting and preparing a technology-based manufacturing workforce. We're grateful that our initiatives have the support of Northfield Savings Bank.”
The State of Vermont awarded $1 million to Vermont Tech in fiscal year 2016 to complete Phase I of the college's capital improvements for manufacturing programs. In Phase II, Vermont Tech was tasked with raising matching funds to earn $500,000 in additional funding from the state to fortify this important workforce development initiative. Vermont Tech's laboratory improvement projects in Randolph and Williston include equipment upgrades that relate directly to current industry trends and the needs of Vermont manufacturers. Students will gain hands-on experience with industry-grade machinery, tools and robotics.
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About Vermont Tech – Vermont Tech is a leading public college with a mission of applied education. One of the five Vermont State Colleges, Vermont Tech serves students from throughout Vermont, New England, and beyond at its two residential campuses in Williston and Randolph Center, regional campuses in Brattleboro and Bennington, and at six nursing campuses located throughout the state. Vermont Tech takes an optimistic, rooted and personal approach to education to support students in gaining the confidence and practical skills necessary to not only see their potential, but to experience it. The college's academic programs encompass a wide range of engineering technology, agricultural, health, and business fields that are vital to producing the knowledgeable workers needed most by employers in the state and in the region. www.vtc.edu.
About Northfield Savings Bank - Northfield Savings Bank was founded in 1867 by a local university president who believed a mutual bank, owned by its depositors, would benefit the community. 148 years later, NSB continues this tradition. Northfield Savings Bank is one of the nation's remaining mutual, depositor-owned organizations, and the second largest bank headquartered in Vermont. With 13 full service locations in Central Vermont and Chittenden County, NSB provides a comprehensive range of personal and business banking solutions, backed by a range of electronic delivery channels and a new technologically advanced Operations Center in Berlin, VT opened in October 2015. The bank's 110% Banking commitment directs 10% of its earnings to Vermont community organizations. Northfield Savings Bank is rated Outstanding for its Community Reinvestment Act performance. www.nsbvt.com