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Recovery act expands SBA microloan program

Wed, 08/19/2009 - 9:51am -- tim

With the American Recovery and Reinvestment Act funding an additional $50 million for loans and $24 million for technical assistance, the U.S. Small Business Administration is expanding its Microloan program and increasing access to capital for small businesses across the country. The approved new microlenders are: Vermont Community Loan Fund, Inc. of Montpelier, Vt.; Neighborhood Development Center of Saint Paul, Minn.; Cen-Tex Certified Development Corp. of Austin, Texas; The Emperor Organization of Tallahassee, Fla.; Staunton Creative Community Fund, Inc.

New weekly unemployment claims increase again

Wed, 08/19/2009 - 9:02am -- tim

For the Week of 08/015/2009. There were 854 new regular benefit claims for Unemployment Insurance last week, an increase of 18 from the week before. Altogether 12,180 new and continuing claims were filed, 624 fewer than a week ago and 5,338 more than a year earlier. The Department also processed 4,206 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 206 more than a week ago. In addition, there were 804 Second Tier claims for benefits processed under the EUC08 program, which is a decrease of 9 from the week before.

77 artists and organizations to receive more than $245,000 in funding

Wed, 08/19/2009 - 4:36am -- tim

The Vermont Arts Council is pleased to announce the recipients of three competitive grant programs.  Seventy-seven awards totaling $245,165 have been awarded for Arts Learning, Community Arts and Creation projects.  This announcement comes on the heels of news earlier this month that 42 Vermont arts organizations were awarded funding totaling $606,000 from the American Recovery and Reinvestment Act.  While the stimulus money was designated for job retention in the non-profit arts sector, these grants will fund individual artists, schools and community arts projects.

Masterson appointed head of Vermont's Procurement Technical Assistance Center

Tue, 08/18/2009 - 10:32am -- tim

A former executive with the U.S. Department of Defense’s contracting office will be taking over the state program that assists Vermont businesses with obtaining government contracts. The Agency of Commerce and Community Development announced that William Masterson of South Burlington is the new Director of the Vermont Procurement Technical Assistance Center (PTAC).

Vermont Farm Health Task Force discusses aging on the farm

Tue, 08/18/2009 - 10:01am -- tim

The "aging of America" extends far beyond urban boundaries; 25 percent of all U.S. "elders" live in rural communities, a panel recently told the Vermont Farm Health Task Force at its quarterly meeting. Those who actively continue to farm exhibit the effects of an exceptionally vigorous life combined with a lack of relevant health care opportunities and access.

New maple spout will boost production dramatically

Tue, 08/18/2009 - 6:04am -- tim

An innovative new maple spout developed by the University of Vermont’s Proctor Maple Research Center with funding secured by Senator Patrick Leahy will have a dramatic impact on maple syrup production and boost job creation and economic development in the state, the senator announced at a press conference today.  The new spout, which already has a million advance orders, will increase sap yields by 50 to 90 percent per tree, Senator Leahy said.

Shareholders accept delSECUR offer

Mon, 08/17/2009 - 9:17am -- tim

delSECUR CORPORATION, a Nevada corporation, (Pink Sheets: DLSC) announced today that its Board of Directors has accepted the majority Consent vote of over 60% of its shareholders in favour of the agreement to purchase the Intellectual Property Assets of delSECUR CORPORATION which was announced on August 4(th). The consideration for such purchase is in the form of a 49% interest in the shares of common stock of Q Tech Systems, Inc., an Ontario, Canada, corporation.

State announces $1.8 million grant to redevelop Barre properties

Mon, 08/17/2009 - 8:53am -- tim

A foreclosed apartment building will be refurbished and two blighted downtown buildings razed for redevelopment after the City of Barre was awarded a nearly $1.8 million grant by the Douglas Administration. In a ceremony at City Hall Park, Deputy Commerce and Community Development Secretary Jim Saudade announced the $1,769,400 Neighborhood Stabilization Program grant, funded by the federal government in response to the mortgage foreclosure crisis that gripped the country last year.

Palmisano named Top Chef of the Champlain Valley

Mon, 08/17/2009 - 8:51am -- tim

Sam Palmisano of Pulcinella’s in South Burlington took home the title of the Top Chef of the Champlain Valley for the second year in a row. Palmisano competed against Chef Robert Barral of Café Provence and JJ Vezina of the Windjammer Restaurant and Upper Deck Pub in an Iron Chef competition using all fresh Vermont produce, cheese and proteins donated by area farmers. The secret ingredient was announced to the chefs and the audience at the start of the competition and each chef had 50 minutes to create an appetizer and entrée highlighting this year’s secret ingredient, honey.

VBSR merges with local first Vermont

Mon, 08/17/2009 - 8:44am -- tim

Two of Vermont’s most innovative trade associations have decided to join forces. Vermont Businesses for Social Responsibility (VBSR) and Local First Vermont are merging their memberships. VBSR is a statewide business membership organization made up of over 600 Vermont companies representing over 30,000 employees and $4.5 billion in annual sales. Local First Vermont has been one of the leading voices in the “Buy Local” movement in Vermont.