VEDA approves $1.8 million in project financing

first_imgVEDA BOARD APPROVES $1.8 MILLIONIN PROJECT FINANCING ASSISTANCE Montpelier, VT – Business real estate purchase and expansion projects totaling$3.34 million will receive $1.8 million in financing assistance from the Vermont Economic Development Authority (VEDA). Were very pleased to be able to contribute to the growth of these Vermont businesses, said VEDA Chief Executive Officer Jo Bradley. VEDAs mission is to help eligible businesses create jobs, and these projects stand to produce 35 new job opportunities in the next three years. Thats good news for Vermont. Projects approved for financing assistance by the VEDA Board are:” Black River Produce, Springfield – The Board approved an increase of $438,608 to an existing $648,800 loan made to Black River Produce in June, 2004 to purchase and renovate the former Idlenot Dairy processing facility in Springfield. With the project underway, substantial changes to the renovation plans have been necessitated, resulting in a $1.1 million increase in budget. Total project costs of $2.7 million are expected to provide Black River Produce with three times the space currently available to them at their Cavendish facility, enabling them to add up to 30 new jobs to their current payroll of 143 over the next three years. Black River Produce, established in 1978, is a distributor of wholesale produce, fresh and frozen seafood, and other products to high-end restaurants and specialty food retail stores throughout Vermont, New Hampshire, northwestern Massachusetts, and eastern New York State.” Nick & Morrisey, LLC, Montpelier With VEDA financing assistance totaling $736,000, real estate developers Jeff Nick & Dan Morrisey will purchase the historic Harris Hall on the campus of Union Institute and University in Montpelier. The property will be renovated, expanded, and leased to New England Culinary Institute (NECI) for use as the culinary institutes Administrative Headquarters. The Chittenden Bank is also a partner in the $1.9 million project, which will finance the renovation of the main house and carriage barn, and construction of a new two-story wing to connect the two buildings. Overall, the project will create 11,500 square feet of space for NECI, and is expected to enable NECI to make 5 new hires in the next three years. NECI, founded in 1980, is a fully-accredited and nationally-recognized leader in technical training for the food service industry. Current enrollment at the schools three campuses in Montpelier and Essex, Vermont, and in Tortola in the British Virgin Islands, exceeds 500. Agricultural loans totaling $255,000 were also approved by the Board through VEDAs farm financing assistance program, the Vermont Agricultural Credit Corporation (VACC). VEDAs mission is to promote economic prosperity in Vermont by providing financial assistance to eligible businesses, including manufacturing, agricultural, and travel and tourism enterprises. In its 31-year history, VEDA has made financing commitments totaling over $1 billion. -30-last_img read more


first_img Published on February 11, 2016 at 12:03 am Contact Paul: [email protected] | @pschweds Mariano received attention starting as a first grader by playing against sixth graders. He made it onto his future varsity coach’s radar as a fourth grader. He was the center of defensive game plans as Massachusetts’ leading goal-scorer in his first two collegiate seasons.But Mariano says the turning point of his career, which began when a miniature plastic stick was placed in his hands two hours after birth, came just months ago when he transferred to Syracuse.The focus, for a change, isn’t solely on him. His SU coaches give him more leeway to experiment and make mistakes than his UMass coaches did. He won’t attract the opposition’s No. 1 defender. When he plays midfield, a position he hasn’t played since sixth grade, he’ll only be guarded by a short stick instead of a long pole.I don’t think I’ve ever been this happy playing lacrosse before.Nick MarianoBefore transferring, Mariano totaled 51 goals and 30 assists in two seasons. He was recruited by Syracuse out of high school, but the Orange’s interest wavered. Mariano took a detour, but he is finally at the school he dreamed of attending while growing up.The natural attack brings a dynamic skill set that gives Syracuse flexibility to play him either at attack or midfield. He fits into an offense that also features attention-getters Dylan Donahue, who scored 50 goals last season, and Jordan Evans, who wears Syracuse’s famed No. 22.That leaves Mariano to take advantage of opportunities he hasn’t had since playing at Yorktown (New York) High School, when he played alongside five other All-Americans his senior year and anything less than a section title was considered a failure.“You want to play at the highest level you can possibly play at,” Mariano said. “… and that’s what you get when you come here (to Syracuse).”Courtesy of Phil MarianoNick Mariano (23) led UMass in scoring in each of the past two seasons. But after transferring to Syracuse, he’ll attract less attention than he did with the Minutemen.Even as a first grader going against sixth graders, Mariano had the best stick skills on the field. He threw behind-the-back passes with ease and scored three goals that season in extremely limited playing time to reduce injury risk against bigger kids.After Mariano’s first-ever goal, an announcer at the game proclaimed, “Believe me folks, you’re going to hear about this kid as a Division I player somewhere,” Phil recalled. The 7-year-old continued garnering attention from parents who were upset he was better than their children five years older.Before the spring of Mariano’s second-grade year, a coach told his dad he would no longer be allowed to play in Ossining’s league with the older players because he was too young. Phil Mariano said he thinks the real reason was because several parents complained Nick was too good.Emma Comtois | Design EditorSo he put his house up for sale and moved to Yorktown, which borders Ossining, factoring in both the long-term and short-term ramifications. Nick could play for the Yorktown Athletic Club, which had teams appropriate for his age and, later on, play for a high school that sent 11 All-Americans to Syracuse from 1981 to 2001, including National Lacrosse Hall of Famers Tim Nelson, Roy Colsey and Dom Fin.“It had all to do with lacrosse,” Phil said of the reason why he moved. And the reason Mariano transferred to Syracuse had “absolutely” to do with a chance to win a national title, his dad said.In his second collegiate game, Mariano scored a game-winning goal in overtime to lift the Minutemen over Ohio State in a nationally televised game, immediately introducing him to the college lacrosse world. It’s a goal that his teammates at Syracuse still remind him about.“There’s a reason he was the leading scorer at UMass for the past couple years,” Syracuse head coach John Desko said.But on a team that’s only made one final four in program history, Mariano grew from a freshman standout to the focal point of his team’s offense.Now, he won’t be.“There’s five, six, seven other kids as good as him if not more,” Phil said. “It’s not all on (him). Everything’s about Dylan Donahue and it should be, because he’s a star and he’s a phenomenal player. At UMass, everything was about Nick and … it’s tough when you try to carry the whole team.”With two years left to play for Syracuse, the pressure is off of Mariano. He doesn’t know where he’ll fit into the offense or how much offensive production he’ll have.But for Mariano, none of the unknowns matter anymore.“I don’t really have to worry about anything,” Mariano said. “It gives me the swagger to go out and just play the game that I know.” Comments Nick Mariano didn’t need the spotlight. With or without it, he would have been content. But among older teammates who went on to play at Johns Hopkins, Marquette and Towson, the freshman was still the one being talked about.A local TV host nicknamed him ‘Slick Nick, the fearless freshman.’ A newspaper referred to him as ‘Nicky Lax.’ Mariano didn’t like the attention, but it spread quickly.When he traveled to Maryland for the Blue Chip recruiting showcase, Mariano’s roommate already knew him before they met.“‘Oh wow, I know that name,’” his father, Phil Mariano, recalled Nick’s roommate saying. “‘You’re Slick Nick.’“Nick was embarrassed.”AdvertisementThis is placeholder text Facebook Twitter Google+ Nick Mariano finds niche role at Syracuse after being the leading scorer at Massachusetts Cancel replyYou must be logged in to post a comment. This is placeholder text Advertisementlast_img read more