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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Jack Colback believes unity is key for Newcastle

first_img The Magpies have been criticised this season for a lack of work rate and commitment but Colback believes the display at Tottenham shows what can be achieved when the players work together. “It shows that when we’re all at it, when we’re all focussed and concentrating, when we’re all together as a unit, we can be very difficult to beat,” Colback told nufc.co.uk. “We are a good team. We showed that against Liverpool and again (at Tottenham). “We came here with a game plan to be compact and it looked to be working until we conceded. But we showed our character to come back and win.” Tottenham were the better side in the first half but Newcastle emerged a different team after the interval, pressing harder and passing faster to assume control of the contest. “The first half was difficult. They have a really good set-up here where they work so hard to win the ball, give you no time or space and then when they have it they keep it very well,” Colback said. “At half-time we said that it’s only 1-0 and that we were still very much in the game. “Then in the second half the game opened up a bit, we were able to express ourselves a bit more and we got the two goals. Newcastle’s 2-1 win at White Hart Lane saw Steve McClaren’s side register back-to-back wins for the first time since November 2014 and climb out of the Premier League relegation zone, into 15th in the table. Spurs looked on course for an expected three points when Eric Dier headed home in the first half but goals from Newcastle substitutes Aleksandar Mitrovic and Ayoze Perez in the final 16 minutes completed a remarkable turnaround. Newcastle midfielder Jack Colback believes Sunday’s shock win over Tottenham shows what the Magpies can do when they pull together in the same direction. “We got the equaliser from the set-piece and a point would have been a great result here, we would have been happy with that, but you always hope that you will be able to nick it. “And when the ball fell to Ayo he was able to win the game for us – that was a massive bonus. “It’s a fantastic win. To come here, against a team who had only lost once all season was brilliant. That can really push us on. We’ve got back-to-back victories now and have to build on this.” Press Associationlast_img read more

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Aru signals Tour ambitions as Froome takes yellow

first_imgBy Julien Pretot(Reuters) – Fabio Aru claimed his maiden Tour de France win yesterday, as defending champion Chris Froome snatched a yellow jersey he intends to wear all the way back to Paris.Italian champion Aru launched a blistering attack in the final stretches of the fifth stage, jumping away from the leading group with 2.3km left of the 5.9km climb at a lung-busting average gradient of 8.5 per cent.On a searing hot day in eastern France, the 2015 Vuelta champion of the Astana team became the third winner at the top of La Planche des Belles Filles, where Team Sky’s Froome came to prominence in 2012 and Italy’s Vincenzo Nibali prevailed in 2014, the year he won the Tour.“I had seen a video of Nibali’s win and I tried to do the same to see what would happen,” said the 27-year-old Aru.“I wanted to test my rivals, I did not have the stage win in mind but obviously it’s a great day.”Ireland’s Dan Martin took second place yesterday, 16 seconds behind, while Froome was 20 seconds off the pace in third, with his rival Richie Porte in his tracks.Another top contender, last year’s runner-up Romain Bardet of France, took fifth place, a further four seconds behind.“When Aru went, I still had teammates (to do the work) so I waited for the others to react. Nobody moved so I thought I had to go to see what I could do,” said Froome, who added he felt fresher than on his previous dominant rides on the Tour.DOMINANT SKYColombian Nairo Quintana, tipped as one of Froome’s main challengers, struggled to finish ninth, 36 seconds back, while Spain’s Alberto Contador limited the damage in eighth place, 26 seconds behind Aru.Froome took the yellow jersey from team mate Geraint Thomas, who could not sustain the pace on the climb’s steepest parts.Overall, three-time champion Froome leads Thomas by 12 seconds with Aru in third a further two seconds behind.Froome believes he can defend his lead until the last day in Paris, although no team has kept the yellow jersey from day one all the way to the finish of the three-week race since Eddy Merckx’s Faemimo-Faema held it throughout.“I’m used to being in that position,” he warned.While Aru emerged as the sharper climber, Porte said that the road to Paris was still very long and that the Italian would have to deal with the pressure of being tipped as a major favourite alongside Froome.“Aru slipped away a bit I’m still happy with my ride … he’s going to have more pressure – we saw it last year; he exploded in one of the last stages,” the BMC rider said.last_img read more

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