VEDA Board approves $55.5 million in business project financing

first_imgVEDA BOARD APPROVES $55.5 MILLIONIN BUSINESS PROJECT FINANCINGBurlington, VT – The Board of Directors of the Vermont Economic Development Authority (VEDA)approved $55.5 million in financing to support development projects throughout Vermont totaling $64.1million.”The Authority is please to approve investments in a variety of projects that will strengthen businesses,institutions and communities, resulting in the creation of more good-paying jobs for Vermonters,” said JoBradley, VEDA’s Chief Executive Officer.Among the approved projects are:- Green Mountain College, Poultney – The Authority gave final approval for the issuance of $14.5million in tax-exempt revenue bonds to finance a variety of energy conservation measures andbuilding renovations at Green Mountain College. The approved bond will finance construction ofa new wood chip (bio-mass) heating system, replacement of the college’s electrical distributionsystem, replacement of inefficient dormitory windows, and renovation of several buildings. Thebond will also refinance debt associated with prior improvements made at the campus, includingreplacement of lighting fixtures, installation of fire alarm systems, and upgrades to the library andWhitney Student Center. Established in 1834, Green Mountain College is a four-year coeducationalinstitution with a strong focus on environmental liberal arts. The college ownsapproximately 145 acres of land and 25 buildings in Poultney, serving a population ofapproximately 800 students. The college has 167 employees, and expects to add eleven morejobs within three years of the project. Key Bank will be Trustee for the VEDA bond.- Bennington College, Bennington and North Bennington – Preliminary inducement approvalwas given by the VEDA Board for the issuance of $34 million in tax-exempt revenue bonds overtwo years to assist Bennington College in their plans to undertake a multifaceted construction andrenovation project at their campus. Pending final approval by the VEDA Board, BenningtonCollege plans over a period of two years to refinance existing debt, renovate and make technicalinfrastructure improvements to a variety of buildings on the campus, and construct a substantialnew building, the Bennington Center for the Advancement of Public Action. The new Centerwould house a new curriculum initiative with classrooms, and a small conference facilityequipped with broadcasting and recording capabilities. Established in 1932, Bennington Collegeis a nationally-recognized liberal and fine arts institution with a total enrollment of 723 students.The college campus comprises 470 acres of land and 60 buildings in Bennington and NorthBennington, including a 120,000 square foot visual and performing arts center. The collegeemploys 279, a number expected to grow to 290 within three years of the planned project’scompletion.- The Family Place, Hartford – The Authority gave preliminary approval to issuing just over $1million in tax-exempt bonds to help The Family Place expand their services through the purchaseof land and a 5,327 square foot building in Olcott Industrial Park in Hartford. The Family Place,a nonprofit parent child center serving northern Windsor County, is limited by its current spaceon Route 5 South in Norwich, a location it will still maintain should the bond issuance receivefinal Authority approval. Established in 1985, the Family Place works to support the positivegrowth and development of all parents by offering services that build upon family strengths. Thecenter employs a staff of 26, a number expected to increase after the planned expansion.- Scott-Spates Property Management, LLC, Derby – $2 million in financing was approved toScott-Spates Property Management, LLC for the construction of new, expanded facilities nearExit 27 off Interstate 91 to be leased to the Government Services Agency for the U.S. BorderPatrol. Plans for the $6.9 million project are to construct a 13,350 square foot office building and14,833 square foot enclosed garage on 12.3 acres of land. The new facilities will accommodateup to 50 personnel, and will replace a nearby 6,300 square foot leased facility which has housedup to 29 U.S. Border agents over the last two decades. Passumpsic Savings Bank will alsoparticipate in the project.In addition, another $1.2 million was approved in direct loans, close to $1.5 million in farm ownershipand operating loans were approved through the Authority’s agricultural financing program, the VermontAgricultural Credit Corporation, and $698,115 was approved for several small business developmentprojects through the Authority’s Vermont Small Business Loan Program.VEDA’s mission is to promote economic prosperity in Vermont by providing financial assistance toeligible businesses, including manufacturing, agricultural, and travel and tourism enterprises.Since itsinception in 1974, VEDA has made financing commitments totaling over $1.4 billion. For moreinformation about VEDA, visit www.veda.org(link is external) or call 802-828-5627.last_img read more

New 91 products proud holders of the label “Croatian island products”

first_imgOn Hvar, on May 26, 2018, the ceremony of awarding the label “Croatian island product” was held at the Arsenal Gallery in Hvar, and which was presented with plaques of the label “Croatian island product” (HOP) for 2018.The label “Croatian island product” can be awarded only to traditional and innovative products produced by island producers, awarded annually, in the form of plaques and models, to producers who have their headquarters on the islands and who make nominated products on the islands.This year, the label “Croatian island products” was awarded to 57 manufacturers for 91 products and production lines.The project was launched in 2007 with the intention of encouraging the production of original and quality island products, and so far 297 producers have received the Label, of which 26 eco-producers, 28 producers with a geographical indication and eight producers with a designation of origin, for 971 products and product lines with 24 islands.Our identity, history and culture are represented by products from 24 islands (Brač, Hvar, Vis, Korčula, Pag, Krk, Lastovo, Dugi Otok, Rab, Cres, Lošinj, Prvić, Ugljan, Mljet, Šolta, Žirje, Pašman, Iž, Murter , Olib, Kornat, Rava, Silba, Zlarin) and the Peljesac peninsula. These are food (wines, brandies, liqueurs, olive oils, cheeses, desserts, fish, salad marinades, jams, honey), cosmetics and clothing products, as well as souvenirs and intangible heritage.It is interesting to note that 20 percent of tourism revenues have just been generated on the islands. Namely, on the islands where every thirtieth inhabitant of Croatia lives, almost 26 million overnight stays were realized, ie a quarter of all overnight stays in the Republic of Croatia.last_img read more

Syracuse rowing places top 10 in Head of the Charles Regatta

first_img Facebook Twitter Google+ Published on October 21, 2019 at 4:57 pm On a cloudy October day on the Charles River, Syracuse propelled itself along a three-mile stretch of water. Both Syracuse’s No. 8 men’s rowing team and No. 18 women’s team placed in the top 10 in their respective championship four races at the 2019 Head of the Charles Regatta — the largest two-day regatta in the world.The men’s championship four team was bow No. 15, containing Max Moltzan, Benjamin Dukes, Nicolay Yngsdal, John Kiely and coxswain Bricen Nygaard. They overtook one other team to finish in fourth and finished the race with a 16:01.915.The women’s championship four team included Helena O’Donnell, Grace Asch, Rachel Pierce, Emma Braun and coxswain Hannah Murphy. They finished the race with a 18:19.204 in 8th place. The men’s championship eight team finished 14th overall at 14:07.425, and the women’s championship eight team finished 17th with a time of 16:02.382.At the 2018 Head of the Charles Regatta, the women’s team placed 13th overall in the championship eight race and ninth overall in the Club 8 race. The men’s team didn’t compete at the 2018 Head of the Charles Regatta.  AdvertisementThis is placeholder textIn the first event of the season at the Head of the Housatonic, both the men’s and women’s first varsity eight placed third overall. The men’s and women’s teams wrap up their fall season on Saturday, Nov. 2 at the Cornell Autumn Classic in Ithaca, NY. Commentslast_img read more

TWO MEN APPEAR IN COURT AFTER DISGUSTING ATTACK AT AN GRIANAN FORT

first_imgWilliam Sweeney leaves the court. Pic copyright Donegal DailyA gang of 40 people went on an orgy of destruction and attacked one of Ireland’s most historic monuments.The drunken revellers pulled stones from An Grianan Fort in Burt, defecated in a holy well and then abused visiting tourists. Gardai found women’s underwear, human excrement and beer cans when they raided the site.Maymond McCormick leaves the court today. Pics copyright Donegal DailyThe incident happened over the weekend when a group of people landed at the site for a party.Two of the men who took part in the incident appeared at Letterkenny District Court today.William Sweeney, 19 and Raymond McCormick, 21, appeared in court charged with causing criminal damage to the fort on July 6th.Garda Eddie Doherty described a scene of carnage which met him when he went to investigate complaints of the party.He also revealed how tourists from America and China who were visiting the site were left stunned by the scene.“It was just a scene of carnage. The tourists who were visiting the area were traumatised by what they saw,” said Garda Doherty.Judge Paul Kelly said he was shocked by the “ignorant, loutish and thuggish’ behaviour.“This monument is one of the best preserved of its kind and I visited it myself some months ago.“I was particularly impressed by how well it has ben maintained and how it has stood the test of time.“It has stood the test of time by many invading armies over the years and then this group of thugs come along and invade it and start to dismantle it from the inside,” he said.Solicitor for McCormick of 8 Ballbane Pass, Creggan, Derry and Sweeney, 4 Oaklands Park, Creggan, Derry, said both men were very embarrassed by what had happened.Patsy Gallagher said they were only charged with criminal damage and were not involved in any defecating incident.They had pleaded guilty to throwing historic stones and empty cans of beer.He said both men had been in custody since and their experience within four walls at a Garda station had been a sobering experience on them.The court was told the Office of Public Works are currently examining the extent of the damage to the siteJudge Kelly remanded both men in custody until this Thursday at Buncrana Court and said he wanted to hear from the OPW how much monetary damage had been done to the area.TWO MEN APPEAR IN COURT AFTER DISGUSTING ATTACK AT AN GRIANAN FORT was last modified: July 8th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:An Grianan FortattackLetterkenny District CourtRaymond McCormickWilliam Sweeneylast_img read more