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_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: Clemson demonstrates that it’s tough to knock out the champThe public action group Montebello Citizens for Honest Government gathered 6,717 signatures, of which 5,028 were verified by the Los Angeles County Registrar-Recorder/County Clerk’s Office. At least 4,413 were needed, which is 20 percent of the city’s 23,563 registered voters. The recall election will cost the city about $90,000, said Deputy City Clerk Lillian Guzman. “There will be 11 polling places and the results will be tabulated and given at the council chambers election night,” she said. “The public is welcome.” She also said the city clerk’s office has been notified by residents confused about the election. MONTEBELLO – Voters will go to the polls a week from today to decide whether City Councilman Jeff Siccama loses his seat on the panel. Those seeking to take his place are Leo Rodriguez, who ran in the November council election, and Mary Anne Saucedo, a former councilwoman and city clerk. The effort to recall Siccama, a first-term councilman, was started earlier this year by residents who felt he helped block them from having the final say on whether fire and police services should be under the control of the city or the county. He said the recall is an effort by those behind it to “hijack local government.” “They want to know why they received another sample ballot when we just had an election in November,” Guzman said. Siccama, 46, agreed there is a sense of confusion among Montebello residents. “While out campaigning,” he said, “a lot of people have asked why they have to vote again.” During this last week of campaigning, Siccama said he will continue going door-to-door and making phone calls to let people know where he stands on the issue. “There’s a lot of misinformation out there,” he said. “I just want my message to get across so voters can read through the smokescreen.” He said he and former council members Norma Lopez-Reid and Bob Bagwell never intended to disband either the police or fire departments. “We voted to conduct a survey to find out if going county would be a savings for the city,” he said. Lopez-Reid and Bagwell lost by a large margin to Robert Urteaga and Kathy Salazar, who’ve been sworn into office. Siccama, who was elected in November 2005 and is a manager of an Alhambra towing and transport company, said he thinks the voter turnout may be light because of the confusion. No matter, he is optimistic he will prevail. “I have confidence people will see that I have done a good job in my two years on the council, and they will vote to keep me in office,” Siccama said. He will be recalled if a simple majority votes for his ouster – 50 percent plus one. “I am sad that the community has to go through this recall election,” said Saucedo, 65. She said she was asked to run by members of the community to bring stability back to city government. Rodriguez, in his candidate’s statement in the sample ballot, called himself a 35-year resident who wants to repay the city by offering 25 years worth of municipal administration leadership and 35 years of volunteer work to the job. “I am not a career politician,” said Rodriguez, a Vietnam War veteran. sandra.molina@sgvn.com (562) 698-0955, Ext. 3028160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

first_imgCorentin Tolisso will spend several months on the sidelines after tearing his anterior cruciate knee ligament in Bayern Munich’s win over Bayer Leverkusen on Saturday, with the club also confirming that full-back Rafinha is set to miss “a number of weeks” with ankle ligament damage. Tolisso was forced off with the knee injury just before the break, having scored to pull Bayern level after Leverkusen had opened the scoring from the spot early on.For Rafinha, a brutal challenge from Karim Bellarabi was the cause of the injury, with Bayern Munich president Uli Hoeness calling the tackle “an assault” and claiming there should be a three-month ban on the 28-year-old. Article continues below Editors’ Picks Man Utd ready to spend big on Sancho and Haaland in January Who is Marcus Thuram? Lilian’s son who is top of the Bundesliga with Borussia Monchengladbach Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! The injury news will come as a brutal blow to Bayern, who moved back to the top of the Bundesliga table with the win but now face an extended period without two proven midfield stars. “Coco does not look so good,” Arjen Robben, who scored to put Bayern in front, said after the match. “You always have to hope that it is not that bad after all.”He’s a good player and we’ve said that many times. “We need all the players, especially in such a phase. That’s very bitter, especially for himself.”France team-mate Benjamin Mendy, who has had injury struggles of his own over the last year, also sent well-wishes to Tolisso, who now faces and extended time of the sideline and a tough recovery. ❤️💪🏾 @CorentinTolisso ❤️❤️❤️— Benjamin Mendy (@benmendy23) September 15, 2018 The injuries come at a bad time for the Bundesliga side, who open their Champions League campaign against Benfica mid-week ahead of a showdown with Schalke in league play next Saturday.Unfortunately, we can confirm that @CorentinTolisso has suffered an ACL tear and is set for several months out 😢@R13_official also suffered ankle ligament damage and is out for a number of weeks 😕Get well soon, guys! 🙏 #MiaSanMia pic.twitter.com/8J6z7QvTXB— FC Bayern English (@FCBayernEN) September 15, 2018Though the match against Leverkusen was the first start of the Bundesliga season for Tolisso and Rafinha entered the match as a substitute, the club’s depth will now be tested as the games come thick and fast over the next two months.last_img read more