NO. R-29. House concurrent resolution congratulating Chroma Technology Corporation.
Offered by: Representatives Obuchowski of Rockingham and Partridge of Windham.
Whereas, the mission of Business Ethics Magazine is to “promote ethical business practices and serve the growing community of professionals striving to work and invest in responsible ways,” and
Whereas, as a way to recognize examples of this laudable goal, the magazine presents Business Ethics Awards, and
Whereas, the 2004 winner for the Business Ethics Award, in the living economy category, is employee-owned Chroma Technology Corporation of Rockingham, and
Whereas, this specific award category is intended to honor companies that are “locally based, human scale, stakeholder-owned, democratically accountable, life serving, and which seek fair profits rather than maximum profits,” and
Whereas, Chroma Technology was established in 1991 with seven employees and, today, has a staff of over 50, and
Whereas, the company occupies a state-of-the-art environmentally friendly and energy efficient manufacturing facility in Rockingham, and
Whereas, this future‑oriented and employee‑friendly corporation specializes in the design and manufacture of precision optical filters and coatings, and
Whereas, its products are used for many scientific and research purposes, and
Whereas, Chroma Technology’s annual sales have grown from just over $300,000.00 to an anticipated 2004 sales level of $16 million, and
Whereas, in this era of manufacturing outsourcing to overseas plants, Chroma Technology is an outstanding example of a company with American‑based production facilities that ships about 37 percent of its product to purchasers in Asia and Europe, and
Whereas, the corporation’s unusual compensation plan is based on length of tenure and not job description, and Chroma’s profit-sharing and outstanding benefits have minimized employee turnover, and
Whereas, the employees of Chroma Technology can be very proud of their accomplishments, now therefore be it
Resolved by the Senate and House of Representatives:
That the General Assembly congratulates Chroma Technology Corporation of Rockingham on its winning the 2004 Business Ethics Magazine Award in the living economy category, and be it further
Resolved: That the secretary of state be directed to send a copy of this resolution to the Chroma Technology Corporation in Rockingham.
The Vermont General Assembly
115 State Street