Category: vzjoqveq

$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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Want to succeed in the future? Establish high-value loan relationships

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Shopping behaviors differ among loan categories, Filene research reveals. But on average, less than half of members compare loans from different institutions.Credit unions will rely on member relationships to steer the ship into the next decade, but the tide is turning—and fast. Today’s low-rate environment could persist for years.That’s why more consumers shopping for loans will demand convenience above all.In the future, existing member relationships won’t be enough to increase your share of high-value loans such as mortgages. In fact, a study of key attributes behind members’ loan preferences reveals low rates, competitive fees, and the ease and speed of the application process each play a significant role, according to Filene’s” Linking Member Satisfaction to Loan Decisions.” continue reading »last_img read more

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Valorization of a cultural tourist product through storytelling in Baranja

first_imgThe Croatian Society of Cultural Tourism, based in Osijek, organized a training entitled “Valorization of cultural tourism product” which included training for participants in the field of “Cultural Heritage Management and valorization of cultural tourism product” and “Acting workshops for staging legends and customs.”Thus, in the picturesque village of Baranja called Karanac, not far from the famous Zmajevac, on the estate of the Three Wise Men, the ambient play Red March was performed for the first time. The aim of the training was to acquaint the workshop participants with the process of managing a cultural and tourist product, with special emphasis on the concept of “How to turn an idea into a business success”.”Cultural tourism processes create opportunities for the use of cultural heritage in the function of tourism development, and thus the economic and economic development of individual tourist destinations. Cultural heritage complements the tourist offer with its content, while tourism provides funds for sustainable development, preservation and protection of cultural heritage. ” pointed out Jasenka Ricl, the owner of the RICL Consulting and Business Management Craft, who led the entire training.Photo: Mario RomulićIn the creative sector, acting educational workshops are an increasingly common form of work with young people, but also a tool in the realization of cultural and tourist products. Nikolina Baškarad, today the owner of Artin Crafts, used her many years of acting experience in transferring knowledge about stage performances in working with young people. Through two connected units, the workshop participants learned about the production of the play as a cultural and tourist product and its importance for the preservation of the cultural heritage of the community. Graduated actors Gordan Marijanović, Matea Bublić, Mirko Ilibašić, Acting and Puppetry student Luka Vondrak and dancer of the Croatian National Theater Danijel Novoselac participated in the education and performance. The author of the script “Red March” is Siniša Kovač.After completing the training and acting workshops, a general rehearsal was performed in the ambient, Baranja, landscape.Family Three Wise Men as a great example of synergy and added valueAdded value to this project is given by the cooperation with the Apel family, otherwise entrepreneurs in tourism and owners of OPG Tri mudraca, who in 2017 were declared the best host of the tourist family farm at the Days of Croatian Tourism.Richard Apel notes: “We are in a continuous search for novelties, because our guests expect a surprise and an unforgettable experience. Curiosity decided that the first “Red Martha” would be performed on the Three Wise Men. “And indeed, the ambient performance justified the expectations of all present. The authentic rural landscape, the picturesque courtyard decorated with authentic plants, the fields of yellow sunflowers that merge on the horizon with endless vineyards were the perfect scenery for the play, which interprets the legend of the infamous queen of wine-growing Baranja.Photo: Mario RomulićBefore us is the premiere performance of “Crvena Marta” in the Regional Wine Shop in Osijek’s Tvrđa. It is a space that hosts visitors to the city of Osijek, cruise passengers, lovers of top wines, cyclists, but also the citizens of the city of Osijek. “If the presentation of the regional wine offer is enriched with an interactive, stage work such as “Red Martha”, it is to be expected that the impressions and experience of visitors will be even greater, and the oral presentation about the charms of Slavonia and Baranja will be an even stronger channel of communication to potential visitors. ” concludes Ricl.last_img read more

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Governor Wolf Reminds Pa. Beer Customers of Improved Convenience Now in Effect

first_imgGovernor Wolf Reminds Pa. Beer Customers of Improved Convenience Now in Effect Free The Six-Pack,  Liquor Reform,  Press Release Harrisburg, PA – Governor Tom Wolf today reminded beer consumers in Pennsylvania that Act 166 of 2016 is now in effect, allowing for even greater customer convenience for purchasing beer from distributors.“Pennsylvanians waited decades to bring their beer and wine systems into the 21st century,” said Governor Tom Wolf. “I’m proud to have worked with Republicans and Democrats to significantly modernize our liquor laws for the first time since Prohibition and ensure that the commonwealth is more inviting for customers and businesses. These reforms build on Act 39 and Act 85, which revolutionized consumer convenience in Pennsylvania’s liquor system by expanding hours for Fine Wine & Good Spirits stores, right locating state facilities, allowing direct-delivery of wine to Pennsylvanians, and making wine available at grocery stores.”The new customer conveniences allow for distributors to sell beer in any amount, including six packs,  growlers and even single bottles or cans. Act 166 was the second significant liquor reform measure passed last year. Act 39, signed in June and in effect starting in August, significantly overhauled the sale of wine and beer, while also creating increased economic opportunity for Pennsylvania distillers, breweries and wineries.Changes now in effect under Act 166 include:Allowing distributors and importing distributors to sell malt or brewed beverages in any amount to a unlicensed customer for off-premises consumption. The sales do not be in the manufacturer’s original configuration and can be sold in refillable growlers that can be resealed.Allowing retail licensees to start selling on Sundays at 9:00 a.m. instead of 11:00 a.m., and removing the requirement that a licensee must offer a meal beginning at 9:00 a.m.Allowing a person licensed by another state to apply for a “malt or brewed beverage shipper license,” which allows the direct shipment of 192 fl. oz. of beer to be delivered to a customer per month; however, only 96 fl. oz. of a specific brand of beer may be shipped per year to an adult resident.Allowing beer and liquor to be sold (in shatterproof containers) before, during and after professional and amateur athletic events and consumed outside the club seating and restaurant area, as can be done at performing arts events or other entertainment events.Clarifies that a brewery does not need a brewery pub license to sell the products of other licensed breweries, limited wineries, limited distilleries and distilleries.Act 39 included these reforms, among others:Removed Sunday and holiday restrictions for Fine Wine & Good Spirits store hours;Enabled Fine Wine & Good Spirits stores to sell Pennsylvania Lottery ticketsAllowed grocery stores, convenience stores, restaurants and hotels (anyone with a restaurant license) to apply for a permit to sell up to four bottles of wine to go;Granted the PLCB common retail marketing abilities including pricing flexibility, a customer relations management program and couponing opportunities.Allowed for direct shipments of wine to people’s homes;Authorized the PLCB to auction restaurant liquor licenses that have expired since 2000, in order to accommodate increased market demand for licenses; andMade permanent gas stations’ ability to obtain liquor licenses to sell beer (and wine) to go. SHARE Email Facebook Twitter Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf January 17, 2017last_img read more

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Buyers rush finished project priced at less than $500,000

first_imgThe project has been attractive to southern buyers.Lanikai project manager Dean Muldoon said the location and high level of apartment finishes were attractive to buyers.“The developer Dankav has gone the extra mile in terms of the facilities and finishes and so far the buyers have been unable to find any comparable product elsewhere on the Coast,” he said.“They always come back and comment on how much better this is and the building speaks for itself on the comparison scale.”Lanikai is due for settlement in the next few weeks and a display has now been completed. The developers expect the last five apartments to sell quickly. Buyers have shown strong support for Lanikai apartments, Southport.BUYERS are rushing a completed Southport project, keen to secure an apartment before the $20,000 boosted Queensland First Home Owners’ Grant ends on June 30.Ray White Projects Gold Coast director Julian Sutherland said the limited remaining stock in the Lanikai project represented some of the area’s few finished apartments available for less than $500,000.Mr Sutherland said prime locations in this price bracket were becoming more difficult to find, as limited land availability in the centre of the Gold Coast was pushing up prices.“Currently we are inundated with buyer enquiry for completed stock, and with apartments in Lanikai starting at a low $465,000, there would only be a handful of completed product (like this) available on the Gold Coast,” he said.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North10 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“Buyers from Sydney and Melbourne have been on a buying rampage in the last few months as the disparity between pricing in these locations and affordability have made it increasingly more attractive to buyers from the southern states.”last_img read more

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Versatile entertainer on offer in popular Manly

first_imgThe veranda at 14 Oakley St, Manly.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020The pool house can also be used as guest quarters, a home office or a teenage retreat.Ms Elliott, who plans to stay in the area, said the verandas were a great place to relax, no matter what the weather was like.“You can always sit outside, whether there’s sunshine or shade,” she said. She said the home was a great gathering place, especially at Christmas time. The swimming pool at 14 Oakley St, Manly.Ms Elliott said the chairs at the kitchen bench were used daily by her children when they came home from school, tucking into some afternoon tea and later their school homework.“It was a great spot as I could be in the kitchen and keep an eye on them at the same time,” she said.“This is a beautiful old house to bring children up — it’s a super package on two lots with separate titles.” The home at 14 Oakley St, Manly.Angela Elliott’s family has lived at 14 Oakley St for 24 years and has made the decision to downsize.With three children who have all grown up, Ms Elliott said the post-war property would be ideal for another family with children.Ms Elliott said the four-bedroom, three-bathroom home had undergone some renovations over the years.“We added a swimming pool, back deck and a pool house,” she said.“This home has been a great entertaining house. We often have friends over.”center_img One of the four bedrooms at 14 Oakley St, Manly.Ray White Manly selling agent Richard Myers said the fabric of the streetscape had historically lent itself to narrow 405sq m lots. “With this being on 810sq m with two titles, we will find that examples such as this will become even more highly desirable in the future once all of the larger blocks have been subdivided,” Mr Myers said. The home is close to public transport, shops and schools.last_img read more

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Norway’s Askøy municipality weighs founding separate pension fund

first_imgThe Norwegian municipality of Askøy is considering setting up its own, separate pension fund for employees, once its current arrangement with pension provider Storebrand comes to an end.The local authority, which lies within the county of Hordaland around the west Norwegian city of Bergen, has put out a tender notice on the EU’s TED service, looking for potential service providers for a separate occupational pension fund.Many Norwegian public sector employers have had to look for alternative pension fund provision arrangements for staff since commercial providers Storebrand and DNB Livsforsikring announced two years ago they were pulling out of the public service pensions market.In the tender notice, Askøy kommune said its chief councillor was now preparing a case on the future provider of the occupational pension for employees. The local authority currently has an occupational pension for its employees in Storebrand, it said, adding that the case would be decided by Askøy’s municipal council.“The establishment of a separate pension fund will be a real alternative,” it said.Askøy said it was inviting tenders for a turnkey system for a separate pension fund in accordance with the main tariff agreement in the KS (the Norwegian Association of Local and Regional Authorities) tariff area.This is to include tenders for all the necessary liabilities and assets services, it said, with the exception of the manager, board and auditor.The Askøy municipality pension scheme had 1,750 active members in 2014, and 650 pensioners.Total premiums were NOK115m.The local authority said the contract would be subject to two possible renewals, starting 1 January 2016.It said it envisaged inviting three providers to tender.The deadline for receipt of tenders or requests to participate is 13 April.Following the exits of Storebrand and DNB Livsforsikring, the only external provider that will be left in the sector is Kommunal Landspensjonskasse (KLP).KLP is the second-largest provider of public service pensions in Norway after Statens Pensjonskasse (SPK), and has been expanding rapidly over the last year as municipalities and other public sector employers transfer their existing schemes to it.It has said it is taking in 150,000 new members as a result of the corporate exits by the end of 2014.DNB Livsforsiking has blamed its decision to leave the public service pensions business on the tightening of requirements and regulations, and the intense competition that exists in the market.Storebrand said it would have had to put a high level of investment into systems and processes to continue direct provision of public service pensions.Earlier this month, KLP reported a 100% rise in contributions last year to NOK62.5bn in 2014 from NOK30.9bn the year before, as municipalities continued to transfer their pensions to the scheme.In 2014 alone, KLP said 58 local authorities and 203 public businesses had transferred their pensions to it.Some local authorities have already moved to set up their own pension funds, however.Last October, Tromsø regional council in the north of Norway established the new Tromsø Municipal Pension Fund with 5,000 members and NOK2.5bn in assets under management.last_img read more

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Low interest rates endangering German companies – survey

first_imgAt the present time, these rates are higher than the one applied under IAS19.But German analysts expect the HGB to drop considerably as low interest rates factor more heavily into the HGB’s calculation over time.According to the DVFA’s survey, more than one-third of investment professionals (36.6%) fear that most German companies are failing to adjust to the new interest rate environment or increases in life expectancy.Many in the industry are hoping proposed amendments to accounting standards will help companies cope.Earlier this spring, the German pension fund association (aba) submitted a position paper to the government on this very issue. The aba calls for increasing the calculation period for the discount rate from seven years to 12 years or more. The government has approved the proposal, which could be included in the reform package linked with the implementation of the Portability Directive.These amendments are expected to be presented to Parliament in November and could come into effect before the end of this year.For more on the effects of accounting standards on Germany’s Direktzusage, see the guest viewpoint of former DVFA managing director Peter König in the November issue of IPE German companies are finding the prolonged low-interest-rate environment, combined with an increase in life expectancy, “problematic” or “very problematic”, according to a survey by the DVFA.The DVFA – an industry group for investment professionals – said nearly 90% of respondents to its survey were highly concerned that German companies were failing to adjust. Currently, companies using German accounting standard HGB are able to apply a discount rate to their on-book pension obligations, or Direktzusage, of 3.73% or 4.12%.The Bundesbank sets these rates using the seven-year average of a zero-coupon euro swap with a remaining maturity of 10 years or 15 years, respectively.last_img read more

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Ghost Ship Washes Ashore in Ireland

first_imgA vessel without a single soul on board ran aground near Ballycotton, Cork in Ireland, the Irish Coast Guard informed on Sunday, February 16.The ship has been identified as MV Alta and has been drifting for over a year at sea.The vessel’s 10 crew members were rescued by the US Coast Guard back in September 2018.Rescue 117 was tasked earlier today to a vessel aground near Ballycotton, Cork. There was nobody on board. Previously the @USCG had rescued the 10 crew members from the vessel back in September 2018. The vessel has been drifting since and today came ashore on the Cork coastline. pic.twitter.com/NbvlZ89KSY— Irish Coast Guard (@IrishCoastGuard) February 16, 2020The Tanzanian-flagged ship became disabled while underway from Greece to Haiti in September 2018, and its crew members were unable to make repairs. The crew was reportedly stuck on the ship in the middle of the Atlantic for almost 20 days.After several failed attempts to repair the ship, the crew sent out a distress call and was picked up by the U.S. Coast Guard cutter Confidence approximately 1,380 miles southeast of Bermuda.Cork County Council said that its environmental scientists have visited the grounding site and established that there is no visible pollution within the Ballycotton Bay Special Protection Area or nearby proposed Natural Heritage Areas.The hull of the vessel reportedly remains intact.“Cork County Council has consulted with the Coast Guard in terms of pollution risk and the parties have agreed to have an initial assessment of pollution risk carried out. The council has requested its marine contractor to carry out this initial assessment of the wreck,” the council said in a statement.“The council understands that the vessel was most likely diesel fuelled which poses less risk of pollution than heavy fuel oil.”Following an appropriate risk assessment, the contractor is planned to board the vessel at the next suitable opportunity which is expected to be at low tide tomorrow morning, February 18th.The council said that any risk in relation to oil, other hazardous substances and pollution from the vessel will be evaluated.Consultations are continuing between the Irish Coastguard, Cork County Council, the Receiver of Wrecks and other relevant bodies in relation to the future of the wreck, the council added.last_img read more

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Siblings fall in buy-bust

first_imgResidents Jessa Pagalilawan and herbrother Jestonie yielded the suspected illegal drugs valued around P120,000, apolice report showed. Drug suspects Jessa Pagalilawan and her brother Jestonie. BCPO The suspects were detained in thelockup cell of Police Station 1, facing charges for violation of Republic Act9165, or the Comprehensive Dangerous Drugs Act of 2002./PN Bacolod City – Suspected shabu weighing about 10 grams was seized in abuy-bust operation in Barangay 13. Jessa and Jestonie were nabbed afterthey sold suspected shabu to an undercover officer for P500 around 4:15 p.m. onDec 11, the report added.last_img

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