The Vermont Economic Development Authority (VEDA) Board of Directors approved $8.5 million in financing assistance to support manufacturing, business incubator and small business projects around the state. Total costs of the projects approved for VEDA financing are $15.6 million.These loans will help expand production capacity at several existing manufacturing facilities, said Jo Bradley. In addition, new incubator space will be created for entrepreneurs who have moved beyond the early stages of commercialization, and have begun manufacturing and producing new products and services.Approved for financing by the VEDA Board are: – Autumn Harp, Inc., Essex Junction Industrial revenue bond inducements totaling $4 million were approved by the Board, enabling Autumn Harp to pursue expansion plans for the company. Autumn Harp, founded in 1978, is a private label custom manufacturer of personal care and cosmetic products for major national and international brands. The company plans to maintain operations in Bristol and will expand to a second location in Essex Junction to ensure adequate capacity for continued product diversification, and a growing customer base. Autumn Harp estimates the planned $4.6 million project would increase employment at both facilities by 50 employees over a three year period. – Vermont Center for Emerging Technologies, Inc., Colchester Financing of $1.1 million was approved, allowing the non-profit Vermont Center for Emerging Technologies (VCET) to develop a second business incubator facility in Colchester. Since 2005, VCET has operated a high-technology business incubator on a portion of the former Trinity College campus in Burlington, property now owned by the University of Vermont. The $3.1 million expansion project planned by VCET involves the purchase of 2.2 acres and a 21,000 square foot building in Colchester. The new space will provide incubator facilities to serve companies that have moved beyond initial commercialization and have begun manufacturing and producing products and services. It is expected that jobs will increase over three years from 13 at the current facility to 35 positions housed in both facilities. – Vermont Precision Woodworks, Morrisville The Board renewed a loan guarantee for up to 32% of a $1.25 million Union Bank working capital line of credit for Vermont Precision Woodworks. The VEDA-insured Union Bank line of credit will help the wood furniture manufacturer maintain its recent growth in employment at its Morrisville plant. – Vermont Quality Wood Products, Brandon The Board approved a 6-month renewal of $300,000 in mortgage insurance to guarantee a KeyBank working capital line of credit to owners of the former Vermont Tubbs furniture manufacturing firm. Vermont Quality Wood Products purchased the assets of Vermont Tubbs in 2003 as Tubbs was poised to liquidate the company and close the business. Vermont Quality Wood Products has continued operations since that date, and currently employs 105 individuals. – SecurShred, South Burlington An approved $306,000 loan will allow SecurShred, a growing document destruction company, to purchase a 10,000 square foot warehouse in South Burlington. The $850,000 project will enable SecurShred to increase its capacity and efficiency in the shredding of paper and electronic media for companies in Vermont, New Hampshire, Massachusetts and New York. SecurShred employs 10, and expects to increase that number to 14 within three years of the expansion.In addition, $1.9 million in Vermont SBA 504 Program loans were approved to support $5 million in business real estate and construction project costs. And, small business loans totaling $472,550 were approved by the Board.VEDAs 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 $1.2 billion. For more information about VEDA, visit www.veda.org(link is external) or call 802-828-5627.
continue reading » The NCUA said Tuesday it banned three former credit union employees who were convicted of embezzlement, theft or fraud.The federal agency also banned a fourth former credit union employee who was not convicted of a crime but consented to a prohibition order from participating in the affairs of any federally insured credit union.Michael A. LaJoice, a former CFO of the merged Clarkston Brandon Community Credit Union in Clarkston, Mich., pleaded guilty to fraud in March. He was sentenced to 11 years in prison and three years’ supervised release. He was also ordered to pay more than $17.7 million in restitution. Clarkston Brandon Community CU was merged into the $3.5 billion Michigan State University Federal Credit Union in East Lansing.Nicole A. Wombacher, a former employee of the $11.9 million Your Choice Federal Credit Union in Altoona, Pa., pleaded guilty to theft and receiving stolen property. She entered into an accelerated rehabilitative disposition program and was sentenced to one year in prison. She was ordered to pay $10,802 in restitution, according to the NCUA. 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
The Latest: Peyton Manning drops in on Tennessee class Crosby was joined by Philadelphia Flyers captain Claude Giroux, Carolina Hurricanes center Jordan Staal, and New York Rangers defenseman Marc Staal. Crosby joked that everyone was looking at him for an answer about what he’d prefer about the resumption of the season after a pause for the coronavirus pandemic.Opinions vary on what’s next for the NHL, especially because there were 189 games left in the regular season and not all teams had played the same amount.“Whatever is the fairest,” Jordan Staal said. “Everybody would kind of accept that.”___Saints quarterback Drew Brees says he and his wife, Brittany, will donate $5 million to help Louisiana businesses and communities contend with challenges brought on by the rapid transmission of the coronavirus in the state. The series is still working on dates and locations for the 2020 season’s final six events.Eli Tomac of Cortez, Colorado, has a three-point lead over Germany’s Ken Roczen through the first 10 rounds.___The Colorado Avalanche say one of their players has recovered after testing positive for the COVID-19 virus. The player was at home in isolation since the symptoms first appeared.The team says anyone who had known close contact with the player has been notified. The team — which is partnering with Dignity Health and Cigna — says nearly 200 Arizona blood drives have been canceled since March 19 because of the coronavirus pandemic and that local supply has reached “critically low levels.”The team says the size of the stadium and the event’s layout will ensure that social distancing guidelines are met. Those who participate must register online in advance.___AMA Supercross has canceled five more races due to the coronavirus outbreak, but will complete its season later this year.The March 14 race in Indianapolis and last weekend’s in Detroit were previously cancelled. Five races through May 2 in Salt Lake City also have been shelved now. Brees, who posted his pledge on a social media account on Thursday, says the money will help several restaurants in which he has an ownership stake as well as a major hospital chain and charities like Second Harvest Food Bank to deliver about 10,000 meals per day to people in need.Brees says he hopes to fund the program “for as long as it takes to children on meal programs, seniors, and families in need,” adding, “Let’s all do our part, maintain hope, and get through this together.”The quarterback and his wife run the Brees Dream foundation, which has spent tens of millions helping to fund charitable endeavors in New Orleans and surrounding areas along the Gulf Coast. Most of those efforts have focused on improving learning and recreational opportunities for children as well as health and wellness for children and seniors.___The Indianapolis 500 scheduled for May 24 has been postponed until August because of the coronavirus pandemic and won’t run on Memorial Day weekend for the first time since 1946. In a statement, the organization adds it will “continue to work in conjunction with our medical staff and public health officials to do everything we can to help the Avalanche community remain safe and healthy during this time.”___Arizona Cardinals All-Pro linebacker Chandler Jones is donating 150,000 meals to food banks in Arizona and his hometown of Endicott, New York, to help families dealing with the coronavirus pandemic.Jones said in a statement that “these are really tough times and it is important for me to do my part and help out both here in Arizona and back at home in New York. There are a lot of people in need and everything we can do as a community makes a difference.”Jones set a Cardinals franchise record with 19 sacks last season. ___The NCAA will distribute $225 million to its Division I members in June’.That total is $375 million less than had been budgeted this year because the coronavirus outbreak forced the cancellation of the men’s basketball tournament. The NCAA says $50 million of the payout will come from its reserve fund. A $270 million event cancellation insurance policy will be used to pay off a line credit that will cover the remaining distribution.___ More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Associated Press Tennessee communications professor John Haas was conducting an online class when Manning’s face suddenly appeared on the screen.“I just wanted to drop in and say hello to all the fellow communications students there,” Manning said. “I realize this is a unique time and probably not the ideal way you guys expected to spend your senior year, but I just encourage you to keep a positive attitude, keep working like you’re doing and try to take advantage of a little bit of the extra time that you have to accomplish something else or help out somebody in need – a lot of people (are) hurting out there during this time – be thankful for what you have and just know the University of Tennessee is proud of you and is going to support you every way (it) can and Dr. Haas and his department is going to do the same thing.”The University of Tennessee tweeted out Manning’s video appearance. The video also showed some students saying, “Thank you, Mr. Manning,” after the retired quarterback finished speaking.___The NFL has released a public service announcement in conjunction with an announcement of a donation of more than $35 million in COVID-19 relief aid. Among the possibilities could be minicamps or maybe non-mandatory captains’ practices.“This is a new day, and I think it’s going to have to be almost entirely dictated by the circumstances, once those circumstances are known,” Bowlsby said Thursday. “We have a lot of kids that are home right now and they’re not getting regular workouts like they would get in school.”While way too early to project how things will play out into the scheduled start of football season, Bowlsby said: “It’s hard to imagine looking up into a grandstand and seeing people sitting six feet apart,” or having no fans at all there.___The NFL’s Arizona Cardinals are helping organize a blood drive on March 31 at State Farm Stadium because of a local shortage. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Five-time NFL MVP and former University of Tennessee quarterback Peyton Manning dropped in on one of his alma mater’s online classes to boost the spirits of students having to finish their coursework virtually because of the coronavirus pandemic. Denver Broncos general manager John Elway is donating $50,000 to the Colorado COVID Relief Fund.Elway’s personal donation follows a $500,000 donation by the team.Colorado Gov. Jared Polis said in a statement: “Year after year, Coloradans have supported our Denver Broncos, and today I am beyond proud to thank the Denver Broncos for their support of Coloradans in our time of need.”The Broncos also donated 100,000 meals to the Food Bank of the Rockies and jointly hosted a personal protective equipment drive at their stadium last weekend.Elway said he wanted to support hospital workers, doctors and nurses who are the front line in the coronavirus pandemic. Elway mentioned his son-in-law, who is a doctor in Sacramento, California. “They truly are the warriors,” Elway said. Arteta, who turned 38 on Thursday, told the Arsenal website that he is ”completely fine” and that he only felt ill for a few days.He said “it was a normal virus for me. I had three or four days which were a little bit difficult, with a bit of a temperature and a dry cough, and some discomfort in my chest.”Arteta became the first Premier League figure to test positive for the coronavirus on March 12. The league was then suspended the next day.The Spaniard said his wife and nanny also contracted COVID-19, but his three children did not.He said ”we are all completely fine now.” —AP Pro Football Writer Arnie Stapleton reporting from Aurora, Colorado.___The Green Bay Packers have extended the closure of Lambeau Field through at least April 24 to help minimize the spread of the coronavirus after Wisconsin Gov. Tony Evers issued a “safer at home” order through that date.Packers officials said the closure would continue until that order expires or until a superseding order is issued.This closure also applies to the Packers’ pro shop and the Packers Hall of Fame as well as any team-run public activities in Titletown, a complex of shops and restaurants near the stadium. ___The Chicago White Sox and Bulls have teamed up to commit $200,000 to support the Chicago Community COVID-19 Response Fund.The fund launched by the Chicago Community Trust along with the city and United Way supports nonprofit organizations and agencies providing services to the most vulnerable during the pandemic. That includes food and basic supplies and cash transfers as well as help with rent, mortgage and utilities.___Arsenal manager Mikel Arteta says he has fully recovered from the coronavirus, two weeks after testing positive for COVID-19. ___The San Diego Padres planned to play “God Bless America” at empty Petco Park at 1:10 p.m. PT Thursday, which would have been the scheduled time for first pitch of their opening day game against the Colorado Rockies.With the season delayed indefinitely due to the coronavirus pandemic, the Padres planned to play the song “as a symbol of solidarity with our resilient country and all of you during this time of crisis,” the team said in a social media posting.The Padres also said they would partner with Phil’s BBQ, a local chain with a concession stand at Petco Park, to provide lunch for UCSD Healthcare and San Diego Blood Bank employees and volunteers.Some Padres players have been using Petco Park for workouts since Monday. They are limited to small groups and must follow social distancing guidelines. The PSA is narrated by Hall of Fame tight end Tony Gonzalez. It features more than 50 current or former players and New Orleans Saints coach Sean Payton, who has tested positive for COVID-19.All 32 franchises are represented in the video. Each player used his phone to film messages, asking viewers to stay home to help limit the spread of the new coronavirus across the country. They provide examples of what they’re doing at home, from gardening to staging impromptu dance contests.___D.J. Augustin became the latest Orlando Magic player to try to help those affected by the coronavirus, donating to an effort to get food to health-care workers on the front line fighting the pandemic.Augustin donated to Krewe of Red Beans in his hometown of New Orleans. The organization brings food from restaurants in the city to those health care professionals. The race will instead be held Aug. 23. It was an inevitable decision but still had to be difficult for Roger Penske, who completed his purchase of Indianapolis Motor Speedway and IndyCar in January and has already pumped millions into capital improvements to ready the historic venue for its first 500 under new ownership. IndyCar was supposed to resume racing May 9 on the road course at Indianapolis. That race will now be run on July 4, a day before NASCAR races at The Brickyard.___ Augustin’s family was forced from their home while he was in high school due to Hurricane Katrina, which ravaged New Orleans.Also Thursday, Magic forward Aaron Gordon — who has already made a donation to help homeless children in Central Florida — announced a separate donation to help kids in his native Bay Area of California. Gordon announced he was donating to a group called My New Red Shoes, which provides well-fitted shoes and clean clothing to children in need.___Stephen Curry of the Golden State Warriors held a half-hour talk on Instagram to discuss all things related to the coronavirus with Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases.More than 50,000 viewers were logged in for much of the talk — among them, former President Barack Obama, a very big basketball fan. Curry asked Fauci when it might be time to start thinking about sports again. Fauci told Curry “when the country as a whole has turned that corner,” and the curve that shows how the virus is still spreading nationally starts coming down.That, Fauci said, is when “we can start thinking about getting back to some degree of normality.”Obama added his thoughts by posting in the comment section during the talk, saying “Listen to the science. Do your part and take care of each other. Thank you, Steph and Dr. Fauci.”___Big 12 Commissioner Bob Bowlsby says it is unlikely that there will be any more spring football practices, and that considerations will be made for what teams will be able to do after the coronavirus pandemic, whether that comes in May, June or even later. Packers officials said Lambeau Field and Titletown will only have essential personnel in place for non-public operations of the facilities. Most of the other Packers personnel will continue to work remotely as duties permit.The Packers had announced March 13 they were closing their businesses to the public for two weeks. This move continues those closures.___Pittsburgh Penguins captain Sidney Crosby says he wouldn’t mind if the NHL went straight to the playoffs if the season is able to resume.“You try to get in as many games as you can … but wouldn’t mind starting right at the playoffs,” Crosby said on a video conference with media members Thursday. March 26, 2020
Then Works, held scoreless so far in the second half, hit on a pair of crucial baskets in between a Brayden McLean jumper. That made it 54-49, setting up a parade to the foul line in the final minute.Though C-NS got within three twice and then within two in the final second of the game, the Warriors hit enough free throws to hang on. Jack Pento converted four times at the line and had seven of his 12 points in the fourth quarter as Kyle Caves got all nine of his points in the second half.For the Northstars, Brian Bonin earned 12 points, with Luke Paragon getting 11 points. Grant Sennett finished with 10 points as Kevin Felasco, Jerrod Hills and Brayden McLean had seven points apiece.Back on Friday, Liverpool had taken on Bishop Ludden, and managed just one field goal in the first six minutes as the Gaelic Knights roared out in front and stayed there throughout the first half.Despite this, and despite 25 turnovers, the Warriors hung in there and held a 46-44 lead with less than four minutes left. The Gaelic Knights then rattled off six straight points to lead 50-46 before Romeo Clarke hit a 3-pointer with 1:16 left to cut the margin to one.But all that Liverpool could manage in the final minute was a single free throw. Caves and Works each finished with 11 points, while Jacob Vacco had nine points and Pento got eight points. Monte Johnson (20 points) and Mykell Kaigler (19 points) paced Ludden.As for C-NS, its battle with RFA went back and forth all night. Brian Bonin (11 points) and Jerrod Hills (10 points) both hit double figures in the first half to keep the Northstars close, though it trailed 39-32 at the break.Then the third quarter belonged to C-NS as it outscored the Black Knights 26-8, the surge capped by a Brayden McLean layup that made it 58-47 going to the final period.Somehow, RFA made up that margin and, in the final two minutes, moved out in front, Hunter Frisch putting in the go-ahead basket, and ultimately using free throws to extend its margin.Bonin still had 28 points and eight rebounds, while Sennett had 15 points and 12 rebounds. McLean got 10 points as Damien Call led the Black Knights with 26 points, helped by Andrew Recco (18 points) and Jordan Baldwin (15 points).Share this:FacebookTwitterLinkedInRedditComment on this Story A season full of games away from its home base was daunting enough for the Liverpool boys basketball. The prospect of an 0-2 start, and yet another big lead squandered to one of its big rivals in a high-profile setting was far worse to ponder.The Warriors just avoided that fate in Saturday night’s nightcap of the Peppino’s Invitational at Onondaga Community College’s Allyn Hall, hanging on to defeat Cicero-North Syracuse 59-56 just 24 hours after its season opened with a 54-50 loss to Bishop Ludden.C-NS had also dropped its opener, squandering a fourth-quarter lead to Rome Free Academy in an 82-74 defeat, and was just as determined to avoid back-to-back losses as this rivalry renewed itself on the OCC floor Liverpool will use as its home court while its gymnasium is rebuilt. Tags: boys basketballC-NSliverpool The Warriors never trailed after the game’s first two minutes. Jacob Works led them early, pouring in 15 of his 19 points in the first half as Liverpool steadily built a 33-19 margin.Still down 36-23 at the break, C-NS began to battle back in the third quarter, and fans on both sides pondered the notion that the basketball Northstars would do what its football counterparts did to Liverpool a month earlier in the Section III Class AA semifinals – namely, make a large comeback and gain an unlikely victory.The tension only grew in the fourth quarter as both teams went more than three minutes without a point, the score stuck at 50-44. Even though its field-goal drought continued, the Northstars used free throws to cut the margin in half, to 50-47, with nearly two minutes to play.