Month: January 2021


Financial Planners Invest in Moondyne Agency


first_imgThe Patrick Group has partnered with Burlington communications company Moondyne Agency for their new marketing developments. Moondyne Agency will address re-branding and the creation of various collateral for the South Burlington based financial planning firm.Additionally this month, Moondyne relocates its offices to 5 Lawson Lane in Burlington. Kohn, a New York City advertising veteran, opened the agency doors last spring, bringing creative brand advertising solutions to a wide range of regionally based businesses. Lawson Lane is located between St. Paul Street and Pine Street, just west of Burlington’s City Hall Park. For more information call (802) 310-3326 or visit www.moondyneagency.com(link is external).last_img


CHITTENDEN BANK PROVIDES FUNDING BOOST TO HOPE LODGE


first_imgWilliston, Vt. Vermonts only home-away-from- home for cancer patients has received good news from the states largest banking institution: a major pledge to build a bigger, more functional building.Recently, the Campaign for a New Hope Lodge gained a pledge of $40,000 from the Chittenden Bank Community Fund. The pledge comes on the heels of notification that the campaign is eligible to receive a $400,000 challenge grant from The Kresge Foundation.The American Cancer Society Hope Lodge has operated for more than twenty years offering patients and caregivers a home-like setting while they receive treatment in the Burlington area. The Campaign for a New Hope Lodge has a goal of $4.4 million to build and operate a state-of-the-art facility on East Avenue that will provide lodging and support for sixteen patients and their caregivers.Were very excited to hear this good news from the Chittenden Bank, commented Dr. Richard Branda, a hematologist/oncologist and chair of the Campaign for a New Hope Lodge. We have a very ambitious financial goal, and the Kresge challenge grant and Chittendens generous donation give us added incentive to reach out to other community groups and individuals to join us in this effort.Working in conjunction with Fletcher Allen Health Care, the American Cancer Society has planned the new facility to include private suites for all guests, room for support groups and accommodations for handicapped guests. The Campaign has made progress toward the goal, according to vice president for development Howard Goodrow.The Kresge Challenge, he explains, helps stimulate further fundraising while acknowledging the work done to date. The Kresge challenge grant stipulates that the campaign needs to raise remaining funds toward the goal by December 31, 2006. With the help of the Chittenden Bank and other donors, we are on our way. Goodrow notes that more than two-thirds of the project cost has been committed to the Campaign, and the Chittenden Bank gift is the first major gift to count toward the Kresge Challenge. Chittenden Bank Community Fund provides financial support to charitable groups and non-profit organizations throughout Vermont, according to Jan Marinelli, Community Service Director at Chittenden Bank. The Chittenden has helped Vermonters for over 100 years, and we have great respect for the Hope Lodge and the unique way it supports cancer patients, Marinelli explains. She says that the Campaign for a New Hope Lodge is making a difference in the lives of cancer patients and their families who are often without any support when they travel for treatment.The Campaign for a New Hope Lodge hopes to begin construction on the new building sometime this summer. For more information about the Campaign, contact Howard Goodrow at 802/872-6313, or online at howard.goodrow@cancer.org(link sends e-mail).The American Cancer Society is dedicated to eliminating cancer as a major health problem by saving lives, diminishing suffering and preventing cancer through research, education, advocacy and service. Founded in 1913 and with national headquarters in Atlanta, the Society has 13 regional Divisions and local offices in 3,400 communities, involving millions of volunteers across the United States. For more information anytime, call toll free 1-800-ACS-2345 or visit www.cancer.org(link is external).# # #last_img read more


Champlain College creates a study-abroad campus in Montreal


first_imgChamplain College has leased property on Rue Sherbrooke in Montreal, Quebec, to operate a study-abroad campus in the heart of the city. Starting in Fall 2007, students can choose to spend a full academic semester in Montreal taking Champlain College courses.Champlain’s campus is believed to be the first American campus in Montreal. Ten Champlain College courses will be offered there this fall–the same courses that are offered on campus in Burlington. Students will pay the same tuition and residence hall rates as they would in Vermont.Study-abroad applications for fall have been streaming in and the College is now working with an architect to renovate the brownstone building that will house Champlain’s academic center. The College also contracted with L’Universite du Quebec a Montreal (UQAM) to offer student housing in a UQAM residence hall on Rue St. Urbain. This is a francophone university that offers Champlain students the opportunity to live with students from Quebec and Canada, as well as a variety of other countries.”With our new campus in Montreal, Champlain students can make the most of the many international business, multicultural and learning opportunities that are available in that major metropolitan center,” said Champlain College president David F. Finney. “The Montreal campus is another way for our students to internationalize their educational experience.” In addition to study-abroad programs at partner colleges in Europe and a host of international internship offerings, Champlain also operates a satellite campus in Mumbai, India.Home to 1.5 million people, Montreal is one of the largest French-speaking metropolitan areas in the world. It is the second largest city in Canada and the largest city in the province of Quebec.Champlain College courses offered in Montreal include: Modern Canadian Social History, Creativity and Conceptual Development, Critical Thinking, Practical Game Design, Animating Characters in 3-D, Game Development Senior Team Project, Social Responsibility in Media, Conversational French, and a required Quebec cultural immersion course.Nearly 30 students are expected to spend the fall 2007 semester in Montreal. In the future, students from other colleges will be able to apply to study at Champlain College in Montreal.The Montreal campus is open to students in all academic programs. Students in Champlain’s Electronic Game and Interactive Development and Multimedia and Graphic Design programs may be particularly attracted to the experience since Montreal is one of “gaming’s global hot spots,” according to WIRED Magazine. Quebec is home to more than 50 electronic game-related companies and development studios, including Ubisoft, A2M and Electronic Arts.Students in Champlain’s Business programs can study in a province that is among Vermont’s most important trading partners. In 2005, Vermont exported nearly $1.7 billion in goods and services to Quebec, accounting for roughly 80 percent of all the state’s exports to Canada – Vermont’s largest trading partner. In addition, Vermont was the eighth largest exporter of goods worldwide into Québec in 2005.last_img read more


Environmental consulting firm offers new services


first_imgTerese Churchill, Master of Science, has recently joined the environmental consulting firm The Johnson Company of Montpelier, Vermont. Her practice can provide safety program implementation, mock OSHA inspections, air quality investigations, safety training, and other related services. Ms. Churchill has 20 years of experience as an occupational health and safety compliance officer for the state of Vermont, and as an environmental health and safety manager in private industry. She has worked for Ben & Jerrys, Husky Injection Molding, and Ethan Allen furniture in senior management where she reduced worker compensation costs and injury rates by establishing solid safety programs. In 2001 her work led to the Vermont Governors Award for Environmental Excellence, and in 2008 her work guided Ethan Allen into the Vermont Business Environmental Partnership program. Ms Churchill has been selected as one of 50 people invited to attend the first International Environmental Leadership Management Symposium at Rochester Institute of Technology in New York. Ms. Churchill lives in Barton where she managed a dairy farm with her ex-husband for 25 years. She holds a private pilots license and enjoys hiking, skiing, and working with her agility dog. For more information, or to contact Ms. Churchill for an interview, call her at 802.673.3369last_img read more


GMP & IBM put Old Man Winter to work cutting energy use


first_imgThe cold weather from this winter was greeted warmly by officials at IBM in Essex, which has started using frigid winter air to help produce the chilled water it needs to operate the plant s high-tech manufacturing facilities.The new system, called Free Cooling, integrates cold air into the plant s large climate control system to produce 50% of its winter-cooling needs. By taking advantage of the plentiful wintry air, IBM can shut down some of its large chillers, resulting in a projected savings of $400,000 per year in electric costs. Semiconductor clean rooms require that a precise temperature and humidity be maintained around the clock, so until now we have had to run many chillers even in the winter. Our engineering team worked to improve this process and they developed an innovative solution that reduces our energy footprint and cuts power costs by $2,000 to $3,000 a day, said Tim Baechle, Facilities Operations Manager at IBM.The Free Cooling system was paid for in part out of GMP s Energy Efficiency Fund, which was started in 2007 to maximize for its customers the financial and environmental benefits of energy efficiency. IBM received approximately $1.5 million from the fund to help support the costs of the project.Green Mountain Power President and Chief Executive Officer Mary Powell said, We are pleased to partner with our largest customer to cut costs and help the environment. It is one more way we are pursuing our vision of low cost, low emission, highly reliable power. Demand reduction is a key part of our efforts to operate an efficient, environmentally friendly electric system.David O Brien, Commissioner of the Vermont Department of Public Service agreed that this project shows how businesses in Vermont can be creative in finding ways to reduce energy use. We are very pleased to see IBM and Green Mountain Power work together to take advantage of one of Vermont s natural resources cold air to save energy. The Energy Efficiency Fund is a smart investment that benefits all Green Mountain Power customers through lowering energy use and reducing the need for us to make expensive investments in power generation and transmission, said Ms. Powell.GMP plans to invest $8 million in the Fund by end of 2012, generating approximately $23 million in benefits to the company s customers over time. IBM has had a long term commitment to energy efficiency; we have been able to achieve sustained success because of the creativity and technical depth of our on-site engineering team. The GMP Energy Efficiency Fund created a unique opportunity for us to complete a very large project. It helped us fund an innovative idea that led to reduced costs on one of our largest energy using systems, said Janette Bombardier, Manager of Site Operations at the IBM location.The Free Cooling system has the ability to circulate up to 12,000 gallons of cold water each minute and can create the cooling equivalent of 2,500 window air conditioners. The system started running in December of 2008 and will be used from November through April as weather permits.About Green Mountain PowerGreen Mountain Power (www.greenmountainpower.com(link is external)) transmits, distributes and sells electricity and utility construction services in the State of Vermont in a service territory with approximately one quarter of Vermont s population. It serves more than 200,000 people and businesses.last_img read more


Welch says Vermont dairy industry “on the brink of collapse”


first_imgTestifying before a House Agriculture subcommittee Tuesday morning, Rep. Peter Welch sounded the alarm that Vermont s dairy industry is on the brink of collapse. Welch called on the subcommittee to take immediate action to save Vermont s family farms while working on a long-term solution to the persistent problem of severe price volatility.Welch was invited to testify before the House Agriculture Subcommittee on Livestock, Dairy and Poultry about the growing dairy crisis in Vermont. Welch spoke about the hardship facing Vermonters in the industry including family farmers Bob and Beth Kennett of Rochester and feed dealer Art Whitman of North Bennington.In the face of severe fluctuations in the price of milk and the ever-rising cost of production, Vermont has lost over 250 dairy farms during the past five years 32 this year alone. Welch warned that without immediate action, the severity of the crisis is likely to increase and could result in a major blow to the state s agricultural infrastructure. The depth of this crisis cannot be understated. Vermont s farmers, government leaders and agricultural experts agree: Our state s dairy industry is on the brink of collapse, Welch told the subcommittee. With dairy representing 70 percent of Vermont s agricultural economy, we could very well see a wholesale failure of our agricultural infrastructure forcing out of business feed dealers, equipment suppliers, processing plants, farm creditors and many more.Vermont Agriculture Secretary Roger Allbee applauded the testimony given today by Congressman Welch to the U.S. House Committee on Agriculture about the crisis our dairy farmers are facing. The situation our dairy farmers are facing in Vermont and across the nation is dire and calls for immediate action. This crisis in dairy pricing has serious impact far beyond the dairy industry, said Allbee. I greatly appreciate Congressman Welch s acknowledgment of the seriousness of the situation and his commitment to working to find meaningful solutions. The sentiments he expressed in his testimony today reflect those of me and my fellow commissioners of agriculture in the Northeast. It is a critical time not only for Vermont farmers and the dairy industry, but our rural communities, economy and working landscapes. Once a dairy farm ceases operation our landscape is forever changed.A survey conducted by the Council on Rural Development showed that a working landscape is important to 97 percent of Vermonters and dairy farms play a major role in Vermont s working landscape.Last week Welch introduced the Dairy Fairness Act of 2009 (H.R. 3166), which would index to inflation Milk Income Loss Contract (MILC) Program payments to farmers. He also fought to amend the agriculture appropriations bill to significantly increase MILC payments in the short term.Click here for video of Welch testifying before the Agriculture subcommittee. Welch s testimony, as prepared for delivery, is copied below:Good morning. Thank you, Chairman Peterson, Chairman Scott, and Ranking Members Lucas and Neugebauer for inviting me to testify before the Committee today and for recognizing the great peril facing the dairy industry and farmers who sustain it.  Throughout Vermont s history, dairy has played a vital role in shaping our state s economy, infrastructure, culture and landscape. For just as long, Vermont dairy farmers have labored in a challenging industry with great economic risk and uncertain reward. Though volatility in milk prices has long plagued our farmers, today we face a crisis like we ve never seen before. Prices have fallen to record lows even as the cost of production continues to rise pushing scores of farms out of business. In the past five years alone, Vermont has lost over 250 dairy farms, leaving us with only 1,046 today. Thirty-two of those farms have been shuttered since the start of this year alone.The depth of this crisis cannot be understated. Vermont s farmers, government leaders and agricultural experts agree: Our state s dairy industry is on the brink of collapse. With dairy representing 70 percent of Vermont s agricultural economy, we could very well see a wholesale failure of our agricultural infrastructure forcing out of business feed dealers, equipment suppliers, processing plants, farm creditors and many more.The human cost of this economic tragedy can be seen in cases like that of Bob and Beth Kennett, who, like many Vermonters, have labored all their lives only to find an uncertain future in the field they have chosen. Since they purchased Liberty Hill Farm in Rochester, Vermont, 30 years ago, they have watched as neighbor after neighbor shuttered their farms and sold off their herds. Though 50 farms populated the Kennett s Upper White River Valley community in 1960, just 11 remained in 1979. Today, the Kennetts are the only family left still in business.Like many Vermont families, Bob and Beth Kennett had hoped to pass their farm on to their children, Tom and David, who were raised on Liberty Hill and who both earned college degrees in agriculture before moving back to Rochester to raise their own families on the farm. Together the Kennetts expanded their operation from 50 to 120 cows and pursued innovative strategies like opening an agri-tourism guest lodge. But despite their efforts and their hard work, the family now finds itself saddled with loans and losing money with every passing day. Like so many Vermonters, they just don t know how much longer they can afford to keep their doors open.Vermont is awash in stories like the Kennett s and as farmers cope with mounting losses, the psychological impact is beginning to show. Earlier this year two California dairymen took their own lives as milk prices plummeted and financial ruin appeared imminent. To prevent similar tragedies from occurring in Vermont, the state Department of Agriculture and the University of Vermont have established a farm help line to provide psychological aid as the price crisis continues. Beyond the tremendous suffering born by farmers themselves, the impact of a closing farm on its surrounding community and local economy is significant. Vermont businesses with a stake in dairy reported $426 million in sales in 2001 and employed 7,800 workers. According to the Vermont Department of Agriculture, 96 percent of supplies used on dairy farms are purchased locally.Among the many businesses supported by dairy including veterinarians, fertilizer suppliers and hardware stores feed dealers have been among the hardest hit. Art Whitman, a feed dealer from North Bennington, Vermont, has found himself lending more and more of his product to customers who have been unable to pay their bills, turning him into an ad-hoc lender. As Art s own creditors have grown impatient, he faces the difficult choice of demanding payment from nearly-bankrupt farmers and risking his own livelihood.Saving Vermont s and New England s dairy industry will require both immediate action and long-term reforms. The most immediate assistance we can provide dairy farmers to survive the current crisis is an increase in Milk Income Loss Contract (MILC) payments. While MILC has helped ward off full-scale disaster so far, the disparity between the price of milk and the cost of production warrants a reevaluation of its payment formula. With farmers spending nearly $19 and earning back less than $12 for every hundredweight they produce, MILC payments between 2 and 3 dollars are simply not enough to keep them afloat.I and several of my colleagues have been advocating for an increase in MILC payments since this crisis began.  The Northeast Association of State Departments of Agriculture wrote to Congress in April asking that we raise the MILC payment rate from 45 percent to 79 percent and revisit the current cap of 2.95 billion pounds of annual production.  I support this proposal as a short term solution to help put money back in the pockets of producers until prices recover.  I realize there is a reluctance to re-open the 2008 Farm Bill, but I would urge the Chairman and the Committee to recognize the extreme nature of this crisis and to make an exception in this case.As we treat the short-term symptoms price volatility, we must not lose sight of the need to develop a long-term solution to the problem. In 2006 the average price paid to farmers for milk in Vermont was $12.60; just a year later the price rebounded to $18.84.  Last year producers were paid an average of $18.09; this year, the average price is down to $11.66.  These constant price swings make dairy farming a challenging enterprise.  Most of the producers I have spoken with have candidly told me they would rather make less during the boom years in exchange for price stability.   This current price crisis is impacting every dairy-producing region from the Northeast to the Upper Midwest and the West.  If we don t act now to bring about long-term reform, we will be forced to revisit the same problem the next time dairy prices crash that is, assuming our farms survive the present crisis.  Several different plans are being discussed by producers, processors and industry groups, and I strongly encourage the Committee to consider all of them. Once again, I thank the Committee for holding this hearing and thank you for inviting me to testify today.last_img read more


Northern Power Systems extends Canadian business


first_imgNorthern Power Systems, Inc. (www.northernpower.com(link is external)), of Barre, Vermont, a next-generation wind turbine company and leading manufacturer of community wind turbines, today announced its expanded presence in Canada. The unique permanent magnet direct drive (PMDD) design of the Northwind 100 ensures higher energy capture, grid-friendly power quality, low noise, low maintenance operation and is ideally suited to support the fast-growing Canadian market.Northern Power Systems’ recent and upcoming installations in Canada vary in size and geography and address a range of wind power challenges. The company celebrated its most recent Northwind 100 installation in Kensington, Prince Edward Island where the turbine will completely power the town’s wastewater treatment plant and save the municipality nearly $50,000 every year. The Northwind 100 installed in Porters Lake, Nova Scotia in May at Atlantic Superstore, Canada’s largest supermarket chain, has already offset 25 percent of the store’s electrical needs, saved thousand of dollars in energy costs and increased retail customer traffic. Finally, an installation of three units is currently being installed in the small community of Ramea, Newfoundland which will mark the beginning of a five-year innovative research and development project with Newfoundland and Labrador Hydro, a Nalcor Energy company, for isolated wind-diesel-hydrogen generation systems.In addition to the company’s base Northwind 100 wind turbine, which has become the standard in community-scale wind power applications across North America, Northern Power Systems offers a Northwind 100 Arctic turbine with an exceptional track record in extreme cold climates. The Northwind 100 Arctic is the only turbine on the market capable of operating at an ambient temperature of -40 degrees Celsius and features coated blades to minimize ice build-up and maximize uptime.”With certification across North America to meet rigorous Canadian Standards Association CSA C22.2 and UL1741 safety standards, and with the Northwind 100 Arctic that offers high performance even in the harshest Canadian winters, the Northwind 100 has distinct advantages over traditional geared turbines that are not well suited for community wind applications,” said Jim Stover, Northern’s Vice President of Global Marketing and Product Management.Northern Power Systems’ specialized customer service, delivery and technical teams work directly with Canadian customers to provide project development guidance, factory-certified training and continuous “24/7″ turbine monitoring and technical support.”Northern is pleased to have installed its first units in the important Canadian market and we look forward to providing reliable turbines and world class performance to schools, businesses, farms, municipalities and remote communities across Canada,” said John P. Danner, President and CEO of Northern Power Systems.Northern Power Systems will showcase its capabilities at the 2009 CanWEA Annual Conference and Exhibition in Toronto, Canada on September 20-23, exhibiting at booth 806.About Northern Power SystemsNorthern Power Systems has over 30 years of experience in developing advanced, innovative wind turbines. The company’s next generation wind turbine technology is based on a vastly simplified architecture that utilizes a unique combination of a permanent magnet generator and direct-drive design. This revolutionary new approach delivers higher energy capture, eliminates drive-train noise, and significantly reduces maintenance and downtime costs. The company currently manufactures the Northwind 100 turbine, designed specifically for community wind applications such as schools/universities, businesses, commercial farms, and municipalities. Next year, the company plans to launch a 2.2MW turbine into the utility-scale marketplace for wind farm applications. Northern Power Systems is a fully integrated company that designs, manufactures, and sells wind turbines into the global marketplace from its headquarters in Vermont, USA. For additional information visit www.northernpower.com(link is external). Source: Northern Power. BARRE, Vt., Sept. 9, 2009. /PRNewswire/ —last_img read more


Vermont unemployment rate holds steady at 5.7 percent


first_imgThe Vermont Department of Labor announced today the seasonally adjusted unemployment rate for November 2010 was 5.7 percent for the second consecutive month. Compared to a year ago, the November unemployment rate is lower by a full percentage point. Since the start of the calendar year, the Vermont seasonally adjusted unemployment rate has followed a downward trend. In January it was 6.7 percent, followed by February and March at 6.6 percent. Then the next three months each saw declines of two tenths of percent to put the state rate at 6.0 percent in June, where it stayed for three consecutive months until the September announcement of 5.8 percent. October continued the downward trend with a one tenth of a percent decline in the statewide unemployment rate which is where we remain according to this recent data.‘Vermont held its ground this month as the national unemployment rate increased,’ said Valerie Rickert, Acting Commissioner of the Vermont Department of Labor. ‘According to household survey data, the trend of rising employment continues. This month’s reported increase was sufficient enough to offset increases to the labor force without increasing our unemployment rate. This indicates Vermonters are starting to see economic opportunities,’ Rickert continued.        Changes From Total Labor Force357,400356,600358,400800-1,000   Employment336,900336,200334,400       7002,500   Unemployment20,50020,40024,000100-3,500   Rate (%)5.75.76.70.0-1.0Vermont’s labor force, employment and unemployment statistics are produced from a combination of a Statewide survey of households and statistical modeling. The data are produced by the Local Area Unemployment Statistics Program (LAUS), a cooperative program with the US Department of Labor, Bureau of Labor Statistics and the Vermont Department of Labor.Analysis of Job Changes by IndustryThe preliminary ‘not seasonally adjusted’ jobs numbers for November show a decrease of 2,450 jobs when compared to the revised October numbers. This reported over the month change does not include the 350 job increase between the preliminary and the revised October estimates due to the revision process and the inclusion of more sample data. As detailed in the preliminary November data, Total Private reports a decrease of 2,650 jobs and Government reports an increase of 200 jobs. In the private sector, the industries with notable declines were Leisure and Hospitality (-2,300 jobs) and Construction (-450 jobs). Educational and Health Services led all industries with an increase of 500 jobs. Trade, Transportation, and Utilities also trended up showing a positive gain (+400 jobs) as did Manufacturing (+150 jobs).Based on the preliminary November data, the annual rate of unadjusted job growth slipped back into negative territory this month (-0.1%). This is a decline from the revised October estimate by three tenths of a percent.The seasonally adjusted data for November reports a decrease of 600 jobs from the revised October data. As with the ‘not seasonally adjusted’ data, this over the month change is from the revised October numbers which experienced a positive revision from the preliminary October estimates (+300 jobs). A review of the seasonally adjusted November numbers shows Vermont’s Private Industries with a job decline of 600 jobs. Trade, Transportation, and Utilities (-600), Financial Activities (-400) and Leisure and Hospitality (-400) reported the largest job losses by industry. As for advancing industries, Construction (+400 jobs) and Educational and Health Services (+400 jobs) led the way for the seasonally adjusted data. Total Government had no change from the revised October counts.State of Vermont OverviewVermont’s seasonally adjusted unemployment held at 5.7 percent in November. The underlying data showed increases to the labor force (+800), total employment (+700), and to total unemployment (+100). For comparison purposes, the United States seasonally adjusted unemployment rate for November showed a two tenths of a percent increase to 9.8 percent.November unemployment rates for Vermont’s 17 labor market areas ranged from 4.1 percent in Hartford to 7.8 percent in Newport. Local labor market area unemployment rates are not seasonally adjusted. For comparison, the November unadjusted unemployment rate for Vermont was 5.7 percent, which was six tenths of a percentage point higher than the revised October data and down seven tenths of a percentage point from a year ago.Source: Vermont Department of Labor 12.17.2010 Vermont Labor Force Statistics (Seasonally Adjusted) November2010October2010November2009October 2010November2009last_img read more


Weekly unemployment claims fall as volatility continues


first_imgThere were 942 new regular benefit claims for Unemployment Insurance last week, a decrease of 572 from the week before, as the data continued to show great volatility. Altogether 12,903 new and continuing claims were filed, a decrease of 1,167 from a week ago and 2,149 fewer than a year earlier. The Department also processed 2,203 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 80 fewer than a week ago. In addition, there were 869 Second Tier claims for benefits processed under the EUC08 program, which is a decrease of 25 from the week before. The Unemployment Weekly Report can be found at: http://www.vtlmi.info/(link is external). Previously released Unemployment Weekly Reports and other UI reports can be found at: http://www.vtlmi.info/lmipub.htm#uc(link is external)last_img read more


Over $107,000 provided to flood-impacted small businesses


first_imgAs recovery efforts continue to move forward, the VT Irene Flood Relief Fund has reviewed nearly 200 grant applications from many small businesses showing more than $18 million in damages from Tropical Storm Irene.  To date, the advisory committee has made first round grant awards to businesses from Wilmington to Waterbury; 54 applicants have received more than $107,000 out of the nearly $250,000 that has been generously pledged by individuals and organizations . Additional pledges continue to come in, but much more effort is required in order to meet the needs of the applicants seeking assistance. Todd Bailey, the Fund’s founder and an Associate at KSE Partners in Montpelier, said, ‘This has been a very difficult process ‘ every application that we have seen shows a need, but some tough decisions have had to be made because of the limited resources.’  The other members of the advisory committee echoed Bailey’s comments ‘ the seven-member committee has had a number of conference calls and has reviewed and evaluated every application. Central Vermont Community Action Council serves as the Fund’s fiscal agent and has received a steady stream of applications.  Executive Director Hal Cohen notes, ‘We’ve have done our best to get money disbursed as quickly as we can, but continued financial support will go a long way in helping us to meet the needs of more businesses across Vermont.’ Cohen continued, ‘Some businesses are just now becoming aware of the VT Irene Flood Relief Fund’. ·       Andrew Brewer, Owner, Onion River Sports ·       Andrea Cohen, Executive Director, Vermont Businesses for Social Responsibility Founded in August 20011 by Montpelier resident Todd Bailey for the purpose of raising money to support small businesses damaged by flooding from Tropical Storm Irene.  After a grant application review process, all funds raised will be directly awarded to Vermont businesses in their efforts to rebuild from damage or losses sustained. Grant applications can be obtained online atwww.vtirenefund.org(link is external) or by calling 802-552-3449.  About the Vermont Irene Flood Relief Fund (www.vtirenefund.org(link is external)) Fiscal Agent: Central Vermont Community Action Council Founded in 1965, Central Vermont Community Action Council (CVCAC) helps people achieve economic sufficiency with dignity through individual and family development. CVCAC is part of the nationwide network of Community Action Agencies; a 501(c)3 nonprofit agency and a Community Development Corporation. The organization serves over 15,000 low-income Vermonters each year in Washington, Orange and Lamoille counties and offers a number of statewide programs. www.cvcac.org(link is external)  ·       Kate Paine, Executive Director, Women Business Owners Network and Principal, Kate Paine Associates Member of the VT Irene Flood Relief Fund Advisory Committee: ‘This kind of help is unique ‘ it provides a financial shot in the arm for businesses to get their doors opened again,’ said Bailey. ‘The more applications we see, the more we know we’re doing our best to help our small businesses in Vermont right now.’ ·       Todd Bailey ‘ Associate at KSE Partners (www.ksefocus.com(link is external)) ·       Shawn Shouldice, Principal, Capital Connections, LLC ·       Charlie Wilson, Chairman, Vermont Alliance of Independent Country Stores Businesses who have applied but may not have received a grant to date may be reconsidered as more funds become available.  The advisory committee will be meeting to make another round of grant awards next week, and will continue reviewing applications as they are received. ·       Hal Cohen, Executive Director, Central Vermont Community Action Council ·       Kevin Wiberg, Fund Administrator, Central Vermont Community Action Councillast_img read more