first_imgVermont Business Magazine The Vermont Economic Development Authority (VEDA) has approved $33.5 million in financing assistance to Vermont businesses undertaking commercial and manufacturing expansion projects throughout the state. Also included is financing to support agricultural, real estate development, and business technology projects.”VEDA is pleased to offer financing support to these projects,” said VEDA Chief Executive Officer Jo Bradley. ‘Jobs are being retained or created in a variety of economic sectors, and that is good news for Vermont.’ Projects approved by the Authority for financing assistance are:· Central Vermont Public Service Corporation, Rutland ‘A total of $30 million in Recovery Zone Facility Bond (RZFB) financing was given final approval by the Authority to support the $48.7 million in planned infrastructure upgrades by Central Vermont Public Service Corporation (CVPS). The low-interest, tax-exempt federal bond financing was made available through the American Recovery and Reinvestment Act of 2009 (a.k.a. the Stimulus Act). In May of this year, VEDA gave inducement approval for $25 million in bond financing for the CVPS project; an additional $5 million in eligible project costs have been approved since then. Vermont’s largest utility, CVPS operates in 13 of the state’s counties and employs 530 people. Over the next two years, CVPS plans to install and upgrade distribution and transmission lines. Improvements and upgrades are also planned to distribution and transmission substations and hydro systems, telecommunication infrastructure and a Smart Grid investment is anticipated.· Swan Valley of Vermont and Jonergin Realty, LLC, Swanton ‘ A $5.6 million project to purchase a former cheese manufacturing facility and bring it back to productive use will receive $1.3 million in VEDA financing assistance. Through a newly-formed partnership between Jonergin Realty, LLC and Swan Valley of Vermont, LLC, the former VIA (Lucille Farms) cheese facility in Swanton will be purchased and upgraded with new equipment and machinery. Swan Valley of Vermont will gear up to produce a variety of specialty artisan cheeses for wholesale to various institutional buyers. It is estimated that within three years of the project, more than 50 new jobs will be created. Bank of America is also participating in the project.  · Rock Art Brewery, Inc., Morrisville ‘ Financing was approved to help Rock Art Brewery buy land and build a new brewing facility, more than doubling their current leased production and retail space in Morrisville. The project also includes financing participation by Merchants Bank. The brewing company, started as a home business in 1997, will move from their current leased facility to property which they will purchase on Route 100. The company will build a new structure and purchase machinery and equipment to be used in the brewing process. Rock Art Brewery employs eight people, a number expected to grow to ten within three years of the expansion project.  · Mad River Park Corporation, Waitsfield ‘ Financing of $210,000 was approved to Mad River Park Corporation to fund its purchase of a 14,000 square foot industrial building on 3.47 acres of land in Waitsfield.    In addition, VEDA approved:· $1.05 million in financing to Vermont farmers through the Authority’s agricultural loan program, the Vermont Agricultural Credit Corporation (VACC);· $100,000 in financing through the Authority’s Technology Loan Program, designed to assist smaller technology-related firms; and· $350,000 in small business project financing through the Authority’s Small Business Loan Program. VEDA’s mission is to promote economic prosperity in Vermont by providing financial assistance to eligible businesses, including manufacturing, agricultural, and travel and tourism enterprises. Since its inception in 1974, VEDA has made financing commitments totaling over $1.5 billion. For more information about VEDA, visit www.veda.org(link is external) or call 802-828-5627.Source: VEDA. 9.22.2010last_img read more

first_imgThe Prosperous Justice Party (PKS) appointed senior politician Ahmad Syaikhu as its chairman for 2020-2025 on Monday during a meeting of the party’s Majelis Syura (advisory council).”The council has selected a member to lead the party over the next five years,” said PKS advisory council chair Habib Salim Segaf Aljufrie in referring to Ahmad’s new role, as quoted by kompas.com on Monday.Ahmad, 55, is a former House of Representatives lawmaker and was the Islamist party’s gubernatorial candidate for two different provinces in the last two years. He ran for West Java deputy governor in the 2018 regional elections paired with Sudrajat, a former military general and former ambassador to China. The pair was endorsed by the PKS and Gerindra, and lost to rival candidate Ridwan Kamil and his running mate Uu Ruzhanul Ulum.In 2019, Ahmad stepped down as a House lawmaker when the PKS nominated him for the long-vacant post of Jakarta deputy governor.However, he again failed to clinch the seat following a dispute between longtime allies PKS and Gerindra, which had backed Anies Baswedan in the 2017 Jakarta gubernatorial election. Gerindra insisted that it was entitled to nominate the replacement of former deputy governor and party member Sandiaga Uno. Gerindra’s politician Ahmad Riza Patria was eventually appointed as the Jakarta deputy governor. (ggq)Topics :last_img read more

first_imgManchester United are considering Jordan Pickford as David de Gea’s replacement Jordan Pickford is on a two-man shortlist for Man Utd (Picture: AMA/Getty Images)Manchester United have drawn up a shortlist of two names to replace David de Gea if the goalkeeper leaves the club this summer.The Spanish stopper has long been linked with a move to Real Madrid, but Paris Saint-Germain are also interested in acquiring his services ahead of next season.United are attempting to negotiate a new contract with De Gea, but he is reportedly demanding £350,000-a-week and the club are not willing to stretch that for.If he does move on to pastures new this summer, United are looking at Atletico Madrid’s Jan Oblak and Everton’s Jordan Pickford as possible replacements, reports the Sun.ADVERTISEMENT Comment Advertisement Phil HaighSunday 7 Apr 2019 1:35 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link87Shares David De Gea has been linked with Real Madrid and PSG (Picture: Getty Images)Either man would cost United a great deal of cash, with Atletico rating Oblak at around £85m, and Everton having paying £25m for Pickford in 2017 they would want a significant return on that investment.AdvertisementAdvertisementHowever, De Gea would also warrant an enormous transfer fee if PSG or Real Madrid do come in for him, despite his contract running out next summer.Keeping hold of De Gea remains United’s first choice option, with the 28-year-old winning four of the last five Player of the Year awards at Old Trafford.The Spaniard is pushing for significantly increased wages due to his immense importance to the team and the relatively huge wages of Alexis Sanchez.The Chilean has been a fringe figure at United this season but is thought to be earning £500,000-a-week since his move form Arsenal.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityOblak is considered one of the finest goalkeepers in the world, having consistently impressed since becoming Atleti’s first choice stopper in 2015.Pickford has made some high profile errors for Everton this season, but has still impressed the United hierarchy since moving to Goodison Park and becoming England’s number one.MORE: Juventus set asking price for Man Utd and Tottenham target Douglas CostaMORE: The seven Manchester United players considering summer transfer moves Advertisementlast_img read more

first_imgFORMER England batsman Kevin Pietersen says he will not be playing in next season’s Big Bash League as he moves closer to retirement.The Twenty20 specialist, who has been playing with Melbourne Stars, will line up in this year’s Pakistan Super League and Cricket South Africa’s events.But the 37-year-old has strongly suggested that he is unlikely to play beyond the end of the year.“I’m done and dusted [with my] playing days,” he told Australian media.“You come to the end of your time and you get to a time in your career where you just think, ‘Do I want this?’. I want this desperately at the moment, but I don’t think I’ll want it in 10 months’ time.”Pietersen’s international spell ended when England sacked him in 2014. and his career in England finished with Surrey’s quarter-final defeat in last year’s T20 Blast.He also said he wanted to stay involved with the Stars, where he has played for four seasons.“I love Melbourne. To have some sort of [Stars] involvement going forward would be immense value for me,” he said.last_img read more

first_imgOne of Black Stars’ official sponsors Cheki Ghana has rolled out innovations to take the sale of cars a notch higher. The online car dealer has been in Ghana for about a year started active operation 6months ago, with its headquarters in Kenya and branches in over 10 African countries.Cheki Ghana was the latest to join the sponsors of the men’s senior national team ahead of the World Cup in BrazilCheki Ghana has outlined plans like monetization, forming a vibrant association for car dealers, partnering banks and insurance companies to ensure a one stop shop for everything automobile.In a special seminar designed for car dealers in Accra last week, Mr Eric Amoako-Twum, Country Director of Cheki pointed out that the event was part of his outfit’s plans to strengthen its relationship with car dealers.He revealed that the seminar primarily sought to revolutionize how to sell cars and to make sure that dealers market grows.  “Cheki is here to stay; we are embarking on this exercise to change the status quo regarding the sale of cars, and as part of plans to ensure that happen, we would be partnering banks and other financial institutions, insurance companies among other plans. “For instance, partnering an insurance company will make providing an insurance cover for a car easier; we have business advisory personnel who visit various garages to help by way of advice to sell.“Our concept is different, and the car dealers will attests to that,” he added.Dubbed ‘Leadership Appreciation Day’, the interactive forum offered the many car dealers who participated the opportunity to present their challenges and how best to offer professional services to buyers.Management Staff of Cheki Ghana did several presentations to equipped participants with the requisite tools to ensure quick sales; Dealers were made to realize from the presentation that cars with price tags sell quicker.Some of the participants admitted how beneficial the session was and the potential to change their ways of dealing with their respective clients. Cheki Ghana has over 13,000 vehicles on site, 500 car dealers, 70,000 people visiting the site every month with 1.2milion per view monthly.last_img read more