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$14.7 million in business development approved by VEDA

first_imgThe Vermont Economic Development Authority (VEDA) has approved $14.7 million in business, agricultural and energy conservation financing for projects throughout Vermont totaling $17.3 million. Especially during these difficult economic times, VEDA is pleased to help businesses expand, support investments in energy conservation measures, and provide assistance to Vermont farmers in their efforts to sustain and strengthen their operations said Jo Bradley, VEDA s Chief Executive Officer.Approved for VEDA financing assistance are:Independent Brewers United Corporation, South Burlington VEDA gave final approval to issuance of a $6.7 million tax-exempt manufacturing industrial revenue bond to Independent Brewers United Corporation (IBUC), the newly-formed parent company of Magic Hat Brewing Company and Pyramid Breweries, Inc. Brown Brothers Harriman has agreed to purchase the bond. The Authority s financing approval supersedes that given Magic Hat in April of 2008, prior to Magic Hat s subsequent acquisition of the West Coast brewing company, Pyramid Breweries, Inc. Magic Hat s assets have since been merged with those of Pyramid into one operating company, IBUC, now owned by the former Magic Hat shareholders. In addition to the Magic Hat brewery and retail store in South Burlington, IBUC operates two other full-scale production breweries one in Portland, Oregon and one in Berkeley, California — and five brew pubs in cities in Oregon, Washington, and California. The $6.7 million in approved VEDA financing will help IBUC more than double production capacity at the South Burlington facility with the purchase and installation of a new brewhouse and bottling line, as well as other production and filling equipment, and associated leasehold improvements.The Manor, Inc., Morrisville The Authority also gave final approval to issuing a $6.5 million tax-exempt revenue bond to The Manor, Inc. to restructure debt associated with the 1999 construction of a skilled nursing and residential care facility adjacent to Copley Hospital. The Manor is a 100-bed nursing facility employing 120, which provides short-term rehabilitation services, long and short term skilled nursing and residential care/assisted living.The Authority also approved $506,000 in farm ownership and operating loans through VEDA s agricultural financing program, the Vermont Agricultural Credit Corporation; and, $778,151 was approved for small business development projects through the Authority s Vermont Small Business Loan Program. In addition, $195,500 was approved through the Vermont Business Energy Conservation Loan Program to help several 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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Man U’ll be great again when Pogba returns — Ighalo

first_imgRelatedPosts Ighalo: My best moment as ‘Red Devil’ EPL: Crystal Palace stun sloppy Man U EPL: Red Devils attack Palace Odion Ighalo believes Manchester United will be “a different team” when Paul Pogba is back fit and firing. Pogba has made just eight appearances this season for United, and has not featured at all since the Boxing Day win over Newcastle. In an interview earlier this week, the Frenchman lifted the lid on what has been a “frustrating” season with injury, but insisted he was closing on a return to fitness. It remained to be seen whether he is still at the club come the start of next season, but Ighalo is hoping that in partnership with Bruno Fernandes he can take United back to the top. “He is working hard to get back to fitness and imagine when we have Pogba and Bruno in the midfield, then you will see a different team – [Marcus] Rashford coming back also,” Ighalo said in a Twitter Q&A. “Manchester United is going to be great again, winning games week in, week out. He’s a great player and it’s going to be a privilege to play with him.”Tags: Boxing DayBruno FernandesManchester UnitedOdion IghaloPaul Pogbalast_img read more

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Barcelona lands coveted midfielder Frenkie de Jong on $85.4M deal

first_img“Everyone knows that I think Barcelona is a beautiful club, but I don’t know if I should see my career as a city trip.”What you’ve all been waiting for… pic.twitter.com/gDE1mujMLF— FC Barcelona (@FCBarcelona) January 23, 2019De Jong becomes the third major Barca signing of the transfer window following the arrivals of Jeison Murillo and Kevin-Prince Boateng on loan from Valencia and Sassuolo, respectively.Ajax center-back Matthijs de Ligt, 19, has also been linked with a switch to LaLiga’s reigning champions. Barcelona has signed Frenkie de Jong for an initial €75million (approx. $85.4 million), with the coveted Ajax midfielder set to join on a five-year deal for the start of the 2019-20 season.Previously linked with Manchester City, Real Madrid and Paris Saint-Germain, de Jong has opted for Camp Nou but will remain in the Eredivisie for the rest of the season. Barca has agreed to pay a potential €11m (approx. $12.5 million) in variables for the 21-year-old midfielder, who has helped Ajax reach the last 16 of the Champions League this term.De Jong has developed into one of the hottest talents in European football, and it is Barca that has won the race for his signature.With the arrival of Frenkie De Jong we add talent, youth and Barça style to our sporting project. We are convinced that he will be a key part of our team for years to come. Welcome, Frenkie! pic.twitter.com/9HCHmrlqvj— Josep Maria Bartomeu (@jmbartomeu) January 23, 2019″With the arrival of Frenkie de Jong we add talent, youth and Barca style to our sporting project,” wrote club president Josep Maria Bartomeu on Twitter. “We are convinced that he will be a key part of our team for years to come. Welcome, Frenkie!”Barca has a strong history of Dutch players, with icons such as Johan Cruyff and Ronald Koeman having represented the Catalan club.De Jong will also join a fellow Netherlands international at Camp Nou, with Jasper Cillessen — who also moved to Barca from Ajax — already on the club’s books.De Jong told Fox Sports recently he wanted clarity over his future, with City, Madrid and PSG all reportedly keen to snap him up.”I’m not going to make a hasty decision, but I’d like to be clear about it myself pretty quickly,” he said. “I do not know if I’ll make it known to the public.”De Jong had also hinted Barca would not necessarily be his next club when he added: “When I was in Barcelona, people thought I would join them, but that’s not the case.last_img read more

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