$36.4 million in business financing approved by VEDA

first_img-30- The Vermont Economic Development Authority (VEDA) has approved $36.4 million in economic development financing assistance for a variety of large and small business projects. The financing support will leverage additional private investment, generating a total of $104.6 million in economic activity throughout Vermont.“VEDA is pleased to offer loan and other financing support to a number of commercial, renewable energy, small business, educational and agricultural initiatives,” said Jo Bradley, VEDA’s Chief Executive Officer. “These projects will bring jobs to Vermonters, and help stimulate Vermont’s economy.”Utilizing American Recovery and Reinvestment Act (ARRA) federal stimulus funds, VEDA approved the following Recovery Zone Facility Bond issuance:· Green Mountain Power, Colchester – Green Mountain Power received final approval for $25 million in Recovery Zone Facility Bond (RZF) financing support from VEDA. The special facility bonds, which received preliminary approval from VEDA in January, utilize federal tax exemptions provided through the American Recovery and Reinvestment Act. Green Mountain Power also received final Authority approval for an additional $5 million in taxable bonds to support expenditures planned for the following year. Green Mountain Power plans over the next two years to undertake numerous large capital projects throughout Chittenden, Addison, Caledonia, Washington, Windham, and Windsor counties. Projects include substation upgrades, renewable energy deployment, hydro-dam refurbishing, and reliability and transmission projects. Total project costs are anticipated to be $31.7 million in 2010, and an additional $46.6 million in capital expenditures in 2011. Green Mountain Power serves 122 Vermont communities across nine counties in the state. The electric utility employs 191 persons, a number expected to grow modestly within three years, due in part to these projects.Other bond financing approved by VEDA:· Vermont Center for the Deaf and Hard of Hearing, Inc., Brattleboro – Final approval was given for issuance of $3 million in tax-exempt industrial revenue bond financing to support the Vermont Center for the Deaf and Hard of Hearing’s extensive energy conservation upgrades at the Brattleboro campus, and their refinance of existing debt from prior renovations. Originally established in 1904 as the Austine School, the Vermont Center for the Deaf and Hard of Hearing, Inc. now provides comprehensive educational and support services through several programs to deaf and hard of hearing children, adults, and families throughout Vermont and surrounding states. The school’s campus consists of multiple school and dormitory buildings on approximately 174 acres of land. The school employs 201 persons, a number expected to grow to 229 within three years of the project.Among the projects approved by VEDA to receive direct loan assistance:· Vermont Biomass Energy Company, Island Pond – Financing of $1.3 million was approved to the Vermont Biomass Energy Company to support the planned construction and operation of a wood pellet manufacturing facility in Island Pond. The $18.8 million project will convert the 80,000 square foot former Ethan Allen furniture manufacturing facility in Island Pond into a production plant. Community National Bank has approved a $10 million loan for the project, to be secured by a USDA Rural Development guarantee. In addition, the Township of Brighton will be submitting an application for $1 million in Community Development Block Grant (CDBG) funding for the project. Employment projections at the new manufacturing plant over three years are 34 jobs, with estimates that another 120 indirect jobs may be created as a result of the project.· Sugarsnap, Burlington – Financing of $75,000 was approved to support the expansion plans of Sugarsnap, a small fresh food farm and retail operation located on Riverside Avenue in Burlington. Opportunities Credit Union is also participating in the project, which will enable Sugarsnap to develop and outfit a production kitchen and office to serve additional retail locations planned within the next several years. Sugarsnap employs 7 persons, a number expected to grow to 21 within three years of the project.· Flex-A-Seal, Essex Junction – VEDA approved a $51,176 loan as part of a $127,939 machinery and equipment acquisition project at Flex-A-Seal, Inc.  The project will enable the company to grow their operations as producers and assemblers of different types of mechanical sealing products. Flex-A-Seal employs 54, a number expected to increase to 63 jobs within three years of the project.Through the Authority’s new Technology Loan Program, designed to assist smaller technology-related firms, VEDA approved $31,500 to Computer Care in Colchester to help the business expand their market area, purchase equipment, and hire additional employees.In addition, VEDA approved:· $1.2 million in financing to Vermont farmers through the Authority’s agricultural loan program, the Vermont Agricultural Credit Corporation (VACC); and· $719,396 to support small business development projects through the Vermont 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. 3.9.2010last_img read more

Newcastle resume talks with Dede Ayew again

first_imgNewcastle United have resumed negotiations with Marseille over the transfer of Ghana international Andre Ayew.Ayew, 25, is out of contract at the end of the season, but has been linked with a number of sides following his performances at the Africa Cup of Nations earlier this year.The Magpies have already spoken to his representatives to make an offer ahead of this summer’s transfer window.Roma, Tottenham Hotspur and Everton have also been linked with Ayew, who has scored six goals for Marseille this season.Wolfsburg and Borussia Dortmund have also shown ineterst in Ayew, but Newcastle are convinced they can lure the forward to the north east.Ayew has scored two goals in his last three games for Marseille. –last_img read more

Nadal hails ‘best season’ and ‘incredible era’

first_imgNadal’s win on Sunday was the latest chapter in an epic story of domination by the sport’s superstars.From Wimbledon in 2003, an incredible 53 of 58 Slams have now been claimed by just five men — Federer (19), Nadal (16), Novak Djokovic (12) and Andy Murray and Stan Wawrinka with three apiece.Only Andy Roddick, Gaston Gaudio, Marat Safin, Juan Martin del Potro and Marin Cilic have broken the spell.“We are are in an era that is not nice to say, because I’m part of it, but we are in an era that some players make incredible things in this sport,” said Nadal.“It’s difficult to win a lot of titles. We should be very happy. Probably even Roger and me and Novak, much more than we ever dreamed.” Share on: WhatsApp New York, United States | AFP |  Rafael Nadal described the year 2017 as “one of the best of his career” on Sunday after winning a third US Open and 16th Grand Slam.World number one Nadal defeated South Africa’s world number 32 Kevin Anderson 6-3, 6-3, 6-4 in a brutally one-sided final during which he did not face a break point.Nadal also claimed an unprecedented 10th French Open in June after finishing runner-up to Roger Federer at the Australian Open.“In terms of results, this has been one of the best seasons of my career, of course,” Nadal admitted of a year in which he won at least two Slams for the fourth time in his career.Had he gotten the better of Gilles Muller at Wimbledon, where he lost the final set of his fourth-round clash 15-13, the year might have been even more memorable.“I have been winning titles, playing three finals of Grand Slams, so that’s a lot. That’s so difficult. The other slam that I was not in the final, I lost the match 15-13 in the fifth to be in the quarterfinals.“So was very competitive year for me. And on clay, I won almost every match. Of course is an emotional season because I have been through tough moments in terms of injuries.” – Federer’s mark no big deal –Despite his success, catching the 19 majors of Federer is not particularly high on Nadal’s list of priorities.“I really never thought much about that. I just do my way. He does his way. Let’s see when we finish,” he said.“I have 16. So three is big difference. I really don’t think much about these kind of things.“Well done for Roger that he is having an amazing season, too, and well done for me because I’m having a great season, too.“Tennis is not all about the Grand Slams, so there are tournaments to come and I’m excited about this last part of the season.”It’s all a far cry from the end of last year when Nadal was ranked at nine in the world and Federer was 16.It was also a 2016 season that saw the injury-hobbled Nadal lose in the first round at the Australian Open, withdraw after two rounds of the French with a wrist problem, skip Wimbledon and exit the US Open in the last 16.However, in 2017, Federer and Nadal have won five titles apiece and on Monday they will be back at number one and two in the world for the first time since 2011.“I was surprised in January. Now I am not that much surprised,” said Nadal.“There are things that probably Roger and me share — that is passion for what we are doing, passion for tennis, passion for the competition and the spirit of improvement all the time.” To hammer home their enduring appeal and dominance, Federer and Nadal shared the four Slams in 2017 — Federer winning the Australian Open before capturing a record eighth Wimbledon.last_img read more

Liverpool go 40 unbeaten, chasing Arsenal’s 49

first_imgFirmino celebrates a great goal. PHOTO LFC MEDIA Arsenal (49) Chelsea (40) Liverpool (40)Firmino ‘worldie’ secures another late Liverpool win at WolvesWolverhampton, United Kingdom | AFP | Liverpool manager Jurgen Klopp hailed another moment of magic from Roberto Firmino as the Brazilian’s late winner opened up a 16-point lead at the top of the Premier League with a 2-1 victory at Wolves on Thursday.The European champions’ now 14-game winning streak in the league seemed set to end as Raul Jimenez cancelled out Jordan Henderson’s early opener.Liverpool were even grateful to goalkeeper Alisson Becker for not falling behind in the second half.However, like crucial victories against Leicester, Aston Villa and Crystal Palace earlier in the campaign, Liverpool left it late to snatch another vital three points in their quest to end a 30-year wait to win the title as Firmino smashed home six minutes from time.“You just have to find a way to win and have someone who makes the perfect decision and that was Bobby again,” said Klopp.“A worldie I would say from Bobby, a super goal.”Liverpool, who now have 22 wins in 23 league games this season, also have a game in hand over second-placed Manchester City to come.However, victory could still come at a cost as Mane hobbled off with a hamstring injury in the first half.“We don’t know exactly (the severity of the injury). He felt something in the hamstring,” added Klopp, whose side are also still in the hunt for the FA Cup and Champions League.Defeat leaves Wolves still six points off the top four in seventh, but Nuno Espirito Santo’s side showed why they are on form the most likely challengers to fourth-placed Chelsea for a place in next season’s Champions League.“It was a fantastic game of football,” said Nuno. “We have to keep going and keep getting stronger.”Nuno’s one regret from his side’s display was the manner of the opening goal. Set-pieces have been one of the keys to Liverpool’s success and a well-worked corner got the visitors off to a flying start as Henderson headed home.Matt Doherty should have levelled shortly afterwards before Liverpool’s threat on the counter-attack was curtailed when Mane pulled up.The Senegalese’s absence for a few weeks is unlikely to sway the momentum of the title race, but he could now be a doubt for the first leg of Liverpool’s Champions League last 16 tie at Atletico Madrid next month.Jimenez and Adama Traore were left on the bench when the sides met in late December just two days after they had scored in a thrilling 3-2 win over Manchester City and Wolves’ two most dangerous attacking weapons made a huge difference.“Traore is pretty much unplayable,” added Klopp.“Not only on the wing any more, but he keeps the ball, holds the ball and sets up goals.”The Spaniard’s pace was too much for a Liverpool defence that had kept seven consecutive Premier League clean sheets to handle six minutes after the break.Traore’s run down the right pulled Van Dijk out of the centre of the defence and his pinpoint cross found Jimenez to bullet home his 20th goal of the season.That was the first goal Alisson had conceded in the league for two months and the Brazilian had to be at his best to then turn a Traore drive to safety and stand up bravely to block from Jimenez.Firmino looked to have missed the chance to claim all three points when he fired into Patricio’s legs with just the Portuguese number one to beat.But he quickly made amends with a thumping finish from Henderson’s pass.Share on: WhatsApplast_img read more

Curtain falls on Schenley athletics

first_imgby Malik Vincent For New Pittsburgh Courier The winner of eight out of 19 varsity boys and girls championships in the City League last year will graduate its 95th and final class next spring. This has come with the 2008 decision to permanently close the now Schenley High School facility at 129 Denniston Ave. in the city’s East End.“It’s been a difficult situation,” Schenley’s principal Sophia Facaros said. SCHENLEY HEAD FOOTBALL COACH JASON BELL Currently, there are four different high schools that compile the school’s athletic teams: (Pittsburgh Obama 6-12, University Prep 6-12 at Milliones, Pittsburgh Science and Technology Academy 6-12, and Pittsburgh Schenley 12).“It’s safe to say that we have at least one kid from all of Pittsburgh’s neighborhoods in the mix here,” said Facaros. “It’s gone well though. Everyone just comes and plays for Schenley. It’s a common bond.”Schenley’s director of athletics, Ken Saybel, expressed his uncertainty for the way that things will turn out in the future as the board continues to make changes.“I’m honestly not sure of how everything is going to play out,” Saybel said. “Right now we know that this is the last year for Schenley athletics. As far as who is going to play what and for whom, also, where they’re going to play is not figured out yet and may not be for a while. If everything works out according to plan, we should have an idea by early fall, (for the 2011-12 school year).”Also, according to Saybel, the largest percentage of the current Schenley athletic program are coming from the only two schools that are a part of this who share the same building, Obama and Schenley.“Most every team that we have right now are mostly kids from Obama and Schenley, except for our golf team that is made up mostly from kids who attend Pittsburgh Science and Technology,” Saybel said.One thing that’s proposed but not confirmed is that the Obama kids who now attend the old Reizenstein building with Schenley will move a few minutes away to what is now Peabody High School.“Nothing (additional) is board approved,” said the director of the Pittsburgh Board of Education’s Athletic Department, Mike Gavlik. “We’ll be reviewing the facts and figures throughout the school year. Coaches will submit rosters and we’ll survey the amount of participation and interest, as well as locations, venue sizes, and overall feasibility—all in compliance and cooperation with the PIAA’s (Pennsylvania Interscholastic Athletic Association) and its standards.”“It’s my gut feeling, and I’m unsure, is that Obama will have enough students to independently handle their own athletics,” added Saybel. As far as everyone else who is involved, I’m really not sure.”As for the other two schools, these notions are not so projectable.“We’d like to give UPrep and Sci-Tech the same opportunities that Obama may have, if possible,” said Gavlik. “I stress that none of this is approved by the board, however, there are some thoughts that are being pushed around about how each sport will play out when we get the information that is needed to make these final decisions. It will strictly depend on what is gathered.”“There are many theories and ideas that are floating around about the future of the students that attend here,” said Facaros. “But really, the students have handled the situation as best as they could. It may not happen like that again, we’ve been very lucky. The student-athletes are just interested in exceeding what was accomplished last year when we experienced extreme success. They are focused on going out on top.” Schenley is currently practicing at Milliones School.(Malik Vincent can be reached at malikvincent@gmail.com.)last_img read more

Sadio Mane drops an incredible gesture for the ball boy!

first_imgAdvertisement mn23NBA Finals | Brooklyn VsrjqkciuWingsuit rodeo📽Sindre E252plb( IG: @_aubreyfisher @imraino ) 1b4zscWould you ever consider trying this?😱67aCan your students do this? 🌚5lp1Roller skating! Powered by Firework Liverpool took on Chelsea in the UEFA Super Cup game and came out on the top in the penalties but something which topped the game was Sadio Mane’s incredible post-game gesture.Advertisement The Senegalese International was the talisman for Liverpool in the game as well by scoring 2 goals clinically. But, after the game Mane passed his shirt onto to the ballboy and gave him a hug. The heartwarming clip of the gesture got viral on twitter garnering 2m+ views.Advertisement “Class to see,” one Twitter user wrote.“Love Mane mate,” a second said.Advertisement “Best part of the night,” another added.While a fourth commented: “Classiest athlete on the planet and it’s not close. How can you not love this guy?”Liverpool boss Jurgen Klopp said: “It was a very difficult game for both teams. It was all about winning it and we did that in the end.“Nobody in the stadium wanted extra time, it was a killer. I’m not sure about the penalty but who cares now.“We started well then dropped off… we could talk about football but it’s too late now. We had to fight and the boys did tonight.” Advertisementlast_img read more