VEDA approves $3 million in financing

first_imgThe Vermont Economic Development Authority has approved $3 million in financing to support Vermont business and agricultural development projects totaling $9.5 million, including to the Vermont Agricultural Credit Corporation and The Essex. Investments in Vermont s agricultural economy represent a third of our lending this month, said Jo Bradley, VEDA s Chief Executive Officer. Additional investments in the travel and tourism sector of Vermont s economy were approved, and the Authority will assist in the financing of several small business, drinking water system, and energy conservation projects.The Authority approved:$1.04 million in farm ownership and operating loans through the Authority s agricultural financing program, the Vermont Agricultural Credit Corporation;Essex Inn Partners, Ltd., Essex Financing of $1.3 million was approved as part of a $6 million project to finance improvements at The Essex (formerly the Inn at Essex). Chittenden Bank is also participating in the project. The Project improvements include the Inn s new 13,200 sq ft. spa center and indoor pool, a more efficient HVAC system for the whole Inn, a new culinary kitchen allowing the Inn to expand its culinary programs for guests, and other renovations that will add six new guest rooms, a new boardroom and a game room.  The Inn currently employs 56, a number projected to more than double to 112 within three years as a result of the Project.In addition, VEDA approved:$324,764 to repair or improve existing privately-owned drinking water systems through the Drinking Water State Revolving Loan Fund;$320,000 for several small business development projects through the Vermont Small Business Loan Program; and$64,152 through the Vermont Business Energy Conservation Loan Program to help small businesses make energy efficiency and conservation improvements.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 $1.4 billion. For more information about VEDA, visit www.veda.org(link is external) or call 802-828-5627.last_img read more

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Public call for development of less developed areas of Istria published

first_imgThrough this measure, for which a total of HRK 210.000 has been allocated and the maximum amount of individual support is HRK 50.000, only costs for improving environmental standards, accessibility and stay during the event, and aesthetic decoration and upgrading of the event are co-financed.  The general goals of this program are the balanced development of Istria, the development of year-round tourism and strengthening the destination brand. The program implements two measures – raising the quality of tourist events and the development of tourist products. The deadline for submitting applications is February 10, 2020, for more details on the public call, find out HERE Cover photo: Dejan Hren A) RAISING THE QUALITY OF TOURIST EVENTS IN TOURIST LESS DEVELOPED AREAS OF ISTRIA B) DEVELOPMENT OF TOURIST PRODUCTS AND SPECIAL INTEREST PROJECTS IN LESS DEVELOPED TOURIST AREAS OF ISTRIAcenter_img Through this measure, grants are granted for the development of public tourism infrastructure and selective forms of tourism such as outdoor and active tourism, ie cyclotourism, and cultural and eno-gastronomic tourism, and for projects that valorize indigenous values, Istrian tradition, culture and customs.  The Administrative Department for Tourism of the County of Istria has published a Public Call for Grants under the Program for Encouraging Tourist Events, Projects and Products in Less Developed Areas in 2020. A total of HRK 120.000 has been set aside for this measure and the maximum amount of individual support is HRK 50.000, and only the costs of arranging, equipping and marking bicycle, hiking, mountaineering, educational and other themed trails (brown signalization is not included), picnic areas, climbing areas, lookouts are co-financed. , caves, and other points of interest, museums, theme houses, the introduction of bike-share services, bike services, bike parks, and the installation of bicycle counters in less developed tourist areas.  This measure encourages raising the quality and improvement of tourist events of regional importance which are held in at least 3 or more locations, ie places, municipalities of Istrian cities, and which are primarily held outside the main tourist season and promote indigenous products, local performers, traditions, customs and values. last_img read more

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