VEDA approves $17.4 million in financing

first_imgVermont Business Magazine During the most recent quarter, the Vermont Economic Development Authority (VEDA) approved over $17.4 million in financing for economic and agricultural development projects throughout Vermont totaling $30.2 million. Projects include: $1.5 million to Community Health Services of Lamoille Valley (CHSLV) in Morrisville; $240,000 as partial financing to Flex-A-Seal, Inc in Essex Junction; $371,000 to Cynosure, Inc, a non-profit affiliate of Greater Burlington Industrial Corporation (GBIC); $78,253 to Springfield Regional Development Corporation (SRDC); $808,042 to VRS Solar, LLC; $150,000 to Hunter and Hand Solar, LLC; $1.6 million to purchase The Stone Hill Inn in Stowe; $1 million to support the 40-year old Village Cannery of Vermont; $50,000 in working capital to Mamava, Inc in Burlington; $1.25 million to purchase and renovation of Highland Lodge in Greensboro; $250,000 for J Lev, Inc, Shelburne; and $350,000 to New England Center for Circus Arts (NECCA), Inc in Brattleboro.”VEDA is pleased to provide financing that will help manufacturing, agricultural and small business projects move forward with their growth plans,” said Jo Bradley, the Authority’s CEO. “In addition, a community health center will expand, and several renewable energy and start-up initiatives will also receive VEDA financing.”Projects approved by VEDA for financing assistance include:$1.5 million to Community Health Services of Lamoille Valley (CHSLV) in Morrisville as partial financing for a $6.5 million project to construct a new state-of-the-art medical facility adjacent to the community health organization’s existing building. The new structure will house Appleseed Pediatrics, and other support services including Behavioral Health, case management and telehealth. Union Bank is also providing financing for the project, which will help CHSLV greatly expand and better meet the needs of the community. CHSLV expects to increase employment within three years from 132 to 138 positions; and$240,000 as partial financing to Flex-A-Seal, Inc. in Essex Junction to purchase new production equipment and fit up a new leased facility which will provide greater growth capacity for the company. People’s United Bank is also providing financing for the $600,000 expansion project. Established in 1983, Flex-A-Seal produces many types of sealing products used in industries including hydrocarbon processing, chemical and food processing, potable water, and drug manufacturing. Flex-A-Seal employs 101 persons, a number expected to grow within three years to 116.Through VEDA’s Local Development Corporation Loan Program, which provides financing to nonprofit local and regional development corporations to build facilities for lease to identified eligible tenants, or to plan and/or develop industrial parks, VEDA approved:$371,000 to Cynosure, Inc., a non-profit affiliate of Greater Burlington Industrial Corporation (GBIC), for the purchase and installation of new HVAC systems in its building in the Catamount Industrial Park in Milton. The building is leased to Champlain Valley Dispensary, Inc., a State-licensed non-profit distributor of medical cannabis since June of 2013. The renovation will allow the company to build out and increase its production space. Within three years, Champlain Valley Dispensary expects to increase employment from 30 to 49 positions; and$78,253 to Springfield Regional Development Corporation (SRDC) for capital improvements to the Robert S. Jones Center in Springfield that will make the property safer and more attractive to existing and potential future tenants. The project will include construction of ADA accessibility features, sidewalk and paving improvements, exterior lighting upgrades, and a new entry roof.Agricultural loans totaling over $8.2 million also were approved through the Authority’s agricultural loan program, the Vermont Agricultural Credit Corporation (VACC), which provides financing for Vermont farmers, agricultural facilities and forest product businesses.Close to $1.6 million in Energy Financing was approved for several commercial and agricultural solar energy installation projects which together will produce enough renewable electricity to power the equivalent of 237 average households, and reduce CO2 emissions by 948 tons each year.  Approved financings include:$808,042 to VRS Solar, LLC to partially fund construction of a 420 kW net metered solar array in Shoreham; and$150,000 to Hunter and Hand Solar, LLC to partially refund costs associated with development of a net metered 106.7 kW solar array on the roof of the Fisher School in Arlington. Loans totaling over $1.3 million were approved through the Authority’s Small Business Loan Program, which assists growing Vermont small businesses that are unable to access adequate sources of conventional financing.  Approved loans include:$500,000 as partial financing for the $1.6 million purchase The Stone Hill Inn in Stowe. Stone Hill Inn is a 10-room Bed & Breakfast located on 9 acres on the Mountain Road. Union Bank is also providing financing for the project;$300,000 in working capital as part of a $1 million project to support the 40-year old Village Cannery of Vermont’s fast-growing organic apple cider vinegar business in Barre. Ledyard Bank is also providing financing for the growth project. Within three years, Village Cannery hopes to increase employment from 20 to 25 jobs; and$50,000 in working capital to Mamava, Inc. in Burlington, designer and developer of the first and only free-standing kiosk-type lactation suites for nursing mothers on the go. Mamava has installed approximately 100 of these units in public spaces throughout the U.S. such as airports, arenas/stadiums, colleges, convention centers, government buildings, hospitals and malls. The working capital project will help the business grow employment within three years from five to ten jobs.Approved financings through VEDA’s Vermont 504 Loan Program which, with SBA’s approval, makes SBA 504 loans to eligible and qualified borrowers, include:$380,000 as partial financing for the $1.25 million purchase and renovation of Highland Lodge in Greensboro. Operating since 1926, the Highland Lodge is a 10-room Bed & Breakfast with a 60-seat restaurant and commercial kitchen, owner’s quarters and ten cabins located on136 acres of land on Caspian Lake. Community National Bank is also providing financing for the project. Through VEDA’s Entrepreneurial Loan Program, which provides financing to meet the working capital and capital-asset financing needs of Vermont-based businesses that may not have access to conventional means of financing, the Authority approved financing for:J Lev, Inc., Shelburne – Doing business as J Skis, this alpine ski designer and online retailer is an early-stage company. With the help of $250,000 in VEDA financing, J Skis was able to produce inventory for the 2016-2017 ski season featuring new twin tip skis that the business sells exclusively online direct to consumers at Jskis.com.VEDA also approved $700,000 in financing through the Windham County Economic Development Program, for which VEDA acts as the administrative partner to provide loans for eligible projects that stimulate job creation and strengthen the economic development infrastructure of Windham County. Loans approved are:$350,000 to New England Center for Circus Arts (NECCA), Inc. in Brattleboro as part of a $2.5 million project to construct a new 8,600 square foot facility with a 38 foot ceiling. Founded in 2007 as a non-profit, NECCA has become a center for circus arts, annually serving over 2,000 individuals of all ages and skills in classes and Outreach programs, and has built an international reputation as a leader for professional level performance training. NECCA currently rents several facilities for its program work, and the new facility will help the Center attract the highest level of professional and aspiring circus arts students and performers. VEDA approved an additional Direct Loan of $391,866 for the project and Brattleboro Savings is also providing financing. The Center estimates employment there will increase from fifteen to eighteen jobs within three years of the expansion project; and$350,000 in working capital to SchoolHack Solutions, Inc, designers of an educational software platform to help schools monitor students’ personalized learning plans. The working capital will enable the business to hire in-house software developers and customer service representatives to expand product offerings and professional services to schools. The start-up business now employs nine persons, a number principals expect to increase to thirteen within three years of the project.About VEDA The Vermont Economic Development Authority (VEDA) is Vermont’s nonprofit economic development finance lender. Created by the Vermont General Assembly in 1974, VEDA’s mission is “to contribute to the creation and retention of quality jobs in Vermont by providing loans and other financial support to eligible and qualified Vermont industrial, commercial and agricultural enterprises.”VEDA offers a wide range of low-cost lending options for Vermont businesses and farms of all sizes, and the Authority’s lending solutions are customized to each borrower’s individual needs. Whether in the form of direct loans, tax-exempt bond issuance or loan guarantee support, VEDA’s innovative financing programs help ensure that Vermont businesses and farms have the capital they need to grow and succeed. VEDA most often lends in conjunction with banks and other financing partners, helping to stimulate economic development activity in Vermont.  Since inception, VEDA has provided over $2.288 billion in financing assistance to thousands of eligible Vermont entrepreneurs, manufacturers, small businesses, family farms, and agricultural enterprises.   VEDA has five offices throughout Vermont – in Montpelier, Burlington, Middlebury, St. Johnsbury and Brattleboro. For more information about VEDA, visit www.veda.org(link is external) or call 802-828-JOBS.Source: VEDA 12.6.2016last_img read more

SM North alumnus, Native American starts counter-petition in favor of keeping Indian mascot

first_imgAfter seeing the petition to change Shawnee Mission North’s Indian mascot by the school’s 100th anniversary, 2012 alumnus Emmitt Monslow started his own counter petition.Register to continuelast_img

SU expert makes sports events safer

first_imgProfessor Wayne Derman A sports and exercise medicine expert from Stellenbosch University (SU) is a member of a high-level international Outbreak Prevention Task Force that has developed a free online tool to help event organisers to assess and mitigate the Covid-19 risk during endurance sports events.This online tool was developed in record time by a group of experts from a number of the world’s leading sports organisations, including World Athletics, the International Cycling Union and the International Institute for Race Medicine. The World Health Organization (WHO) was involved in the project in an observer capacity.“According to the saying, necessity is the mother of invention. At the beginning of 2020, none of us thought that a pandemic would bring about an abrupt halt to many forms of physical activity and the sports industry,” said Professor Wayne Derman, director of the Institute of Sport and Exercise Medicine (ISEM) at SU’s Faculty of Medicine and Health Sciences (FMHS).“Being active keeps people healthy and there are also many people employed in endurance sports – from professional athletes to the organisations that deliver mass gathering races. “Therefore, for the last (few) months, those of us with a responsibility for endurance sport have been trying to help with the return of sports in an environment that will be as safe as possible,” said Professor Derman, who is also a representative of the International Paralympic Committee.“The tool is intended to help organisers assess the risk of staging an event, establish the preparedness of the community and the event organisation for the risks of Covid-19, and clarify any necessary steps to further mitigate and reduce the risk,” he explained about the Infectious Diseases Outbreak Management (IDOM) tool thatwas launched internationally.To use the tool, sports event organisers enter details about a planned event online, after which a customised report is produced that can assist organisers to make decisions to protect the local community, the participants, the volunteers, the workforce and the staff involved. It does not advise on spectator management. The tool was developed by the medical task force and is based on WHO tools and documents.“We wanted to help organisers understand the varying risks posed by the pandemic. The tool recognises the status of the pandemic where the event is taking place, for example whether it is active, receding or subject to additional waves. “Until a vaccine is found, there is never going to be zero risk. “Instead we look at mitigation strategies that can be employed to lower that risk as much as possible,” he said.The tool is applicable and free of charge to all mass participation endurance events, regardless of the sport, competition level and size. It outlines mandatory mitigation measures to be undertaken by the event organisers, based on their particular circumstances, as well as recommended and desired measures, and emphasises that all of the mandatory measures and most of the recommended measures should be adopted if the event is to take place.“It’s a pushing and prompting tool that examines things like: Does the event include athletes from parts of the world where the pandemic might be more active, or is this just a local event? “Will spectators be present or not? What is the plan in place in case there is an outbreak during the event and can people be safely referred to the local hospital? “Are the feeding and watering tables, and the people using them, adequately protected? “So, it’s a tool of education and a tool of risk mitigation, said Professor Derman.“Use of the tool doesn’t guarantee an event can take place, because every meet will be subject to local conditions, laws and approval by necessary authorities. “Current regulations in South Africa states that no mass endurance sport is allowed. But once these regulations are lifted, event organisers can use the tool to assess the risk, and go to local authorities to present a considered plan,” said Professor Derman.The template for this online tool can be used by other endurance sports.“Using the tool will not solve the Covid-19 outbreak or other infectious diseases, but it will guide event organisers through a process that should become a habit and should be followed before every event,” said Dr Paolo Emilio Adami, World Athletics’ medical manager. “There will never be zero risk for infectious diseases, but we want to help event organisers to reduce the risk to an acceptable level.”The tool is available at idom.worldathletics.org Wilma Stassen is a science writer at the Faculty of Medicine and Health Sciences at Stellenbosch University.last_img read more

New look for the San Antonio Rampage

first_img 19,561 posts Sign in to follow this   388 posts Sodboy13 Sports Logo News 209 LetsGoAdmirals Share on other sites New look for the San Antonio Rampage Members Recommended Posts SportsLogos.Net SportsLogos.Net dknights411 2,520 posts 5,159 New look for the San Antonio Rampage 0 Link to post Posted September 7, 2006 Hey guys, just letting you know that the San Antonio Rampage have unveiled a new look to celebrate their fifth season in San Antonio, by switching their colors to the silver and black of their parent Spurs. I don’t have any shots of the redesigned logo (same logo, different colors, but here are the new game jerseys for the Rampage… Share on other sites 6 84 posts Davey 0 The least colorful games in the AHL this year will be when San Antonio and Milwaukee match up. Silver, white and black vs Silver, white, black and “ice blue”. Members Sports Logos Posted September 8, 2006 5,159 0 Link to post 0 Good use of the old Sabres jersey base there. I would rock one of those. Big time. Share this post Location:San Antonio, TX (Spurs Country!) Link to post Share this post Sports Logo News 0 Sodboy13 5,159 Phoenix is a bangwagon town burgess Location:Effington Members Share this post 6 Share on other sites 6 0 Edited September 8, 2006 by Sodboy13 Share on other sites 19 posts Share on other sites Posted September 8, 2006 leedsunited dknights411 209 Davey By dknights411, September 7, 2006 in Sports Logo News Link to post Posted September 8, 2006 Forums Home You know, those are better looking than a few NHL jerseys I can think of… 0 Lets smile a little more Link to post Posted September 8, 2006 Forums Home leedsunited 4,735 posts burgess 0 Link to post Share this post All Activity Members Reminds me of the Spurs, and the old Buffalo jerseys. But hey someone might as well use them now lol. 0 Share this post (edited) 0 LetsGoAdmirals 0 Well, I guess since the Sabres aren’t using it any more, I can’t complain too much…Okay, even though this is just adopting an NHL template, it’s an upgrade. The old Rampage unis were a confused mess, from the bizarro striping to the “San Antonio” across the front bottom hem in a font completely unrelated to anything else. I think the silver and black could still use some royal blue to help it pop, but hey, it’s worked for the Spurs for 30+ years, so I reckon you can’t question it too much. And just having the Bull’s head as the crest logo is a major improvement. Plus, the side/sleeve stripes kinda form “horns,” don’t they? Wait a minute, this has been done before. I just remembered the Birmingham Bulls used the Sabres template. Still, though, upgrade.And, most importantly of all, they aren’t Coyote clones.On a side note, I can’t believe the Rampage have lasted for 5 seasons. Definitely a pleasant surprise. 209 Members Followers 0 Favourite Logos:Barcelona DragonsHartford WhalersUS Soccer RattlesnakeJoliet Slammers “J-Bird”NBA All-Star New Orleans Crawfish Posted September 8, 2006 0 All Activity 0 0 Share on other sites This topic is now closed to further replies. Followers 0 Sign in to follow this   Go To Topic Listing Members Share this post Location:Western NY, USA Sports Logos 0 New look for the San Antonio Rampagelast_img read more