Specialty Filaments, Pad Print, Olympic Precisioin get state money

first_imgCouncil Authorizes $1.5 Million Of Incentives Under New ProgramMONTPELIER, Vt. The Vermont Economic Progress Council has approved more than $1.5 million in job creation incentives under the states new economic development program, including assistance to the new owners of Specialty Filaments.At its meeting last week, the Council reviewed and authorized the first incentives under the new Vermont Employment Growth Incentive (VEGI) program, making three companies eligible to receive up to $1,329,404 in job creation incentives and $240,496 in property tax incentives.We are very pleased that one of our first authorizations under the new Vermont Employment Growth Incentive program was to assist the Monahan Company in preserving the jobs at the former Specialty Filaments facility, said Karen Marshall, Chair of the Vermont Economic Progress Council. Vermonts economic incentive program is going to work to keep Vermonters at work in Middlebury.Monahan SFI, LLC, a subsidiary of the Thomas Monahan Company of Arcola, Illinois was given preliminary authorization for $758,806 in economic incentives to add new jobs and invest in new machinery and equipment at Specialty Filaments, which closed and laid off 175 employees earlier in the month.The new subsidiary purchased the assets of Specialty Filaments, Inc. in a bankruptcy auction. Monahan SFI, LLC will re-open the plant and re-hire most of the employees laid off during the recent plant closing, and will submit a more detailed application for a full review at a later date.Pad Print Machinery of Vermont, Inc. was authorized for $331,399 in economic incentives to add new jobs and invest in a new facility and machinery and equipment. The East Dorset company plans to create a new subsidiary, Ink Jet Machinery of Vermont, to develop and manufacture digital inkjet print head engines.The company had been considering several options other than creating the new subsidiary, including outsourcing production to China or growing only a few jobs within Pad Print Machinery of Vermont, said Marshall.Olympic Precision, Inc. was authorized for $239,199 in economic incentives to create new jobs and invest in equipment by building the Center for Precision Manufacturing, a Department of Defense-funded research and development facility.The company and the Town of Windsor were authorized for property tax stabilization with an estimated value of $240,946, and will collaborate with the Windsor Improvement Corporation to redevelop a currently unusable lot and build a facility to house the Center, which will be operated by Olympic Precision, Inc.Under reforms passed by the General Assembly and signed into law by Governor Jim Douglas last year, the economic incentives were authorized based on job creation and capital investments that must occur before the company receives payment.The prior program had companies earning tax credits that were applied against future tax liability.The Council approved the applications after reviewing nine guidelines and applying a rigorous cost-benefit analysis that showed that because of the economic activity that will be generated by these projects, even after payment of the incentives the State will realize a net increase in revenues of $1,441,885.The Council also determined that these projects would not occur or would occur in a significantly different and less desirable manner if not for the incentives being authorized.The Vermont Economic Progress Council is an independent board consisting of nine Vermont citizens appointed by the governor that considers applications to the states economic incentive programs.The Council is attached to the Vermont Agency of Commerce and Community Development, whose mission is to help Vermonters improve their quality of life and build strong communities.For more information, visit:http://www.thinkvermont.com/vepc/index.cfm(link is external)-30-last_img read more

ELN Guerrillas Capture Two Germans in Colombia

first_imgBy Dialogo February 06, 2013 The National Liberation Army (ELN) guerrilla, the second largest insurgent organization in Colombia, confirmed that they captured two German citizens considered “intelligence agents,” according to a statement published on the insurgency website on February 4. “ELN units have captured alleged German citizens Breur Uwe and Breuer Günther Otto in the region of Catatumbo (near the Venezuelan border), the statement said. Soon after the statement was made public, President Juan Manuel demanded the release of the two Germans. “They must release them, because they alone, the ELN, will be responsible for the lives of these two men before the world,” the president said in a public ceremony held in the city of Ibagué. A spokesman from the German Embassy in Bogotá explained that “for the moment, the embassy will not make comments out of respect for the victims and their families.” The rebel group said in a statement that they considered these people “intelligence agents,” because “they have not been able to explain what they were doing in the area at the time of their capture.” The insurgency did not specify the date in which these men were kidnapped. “So far, no institution or person has publicly reported the disappearance of these people. Spies are not protected under the International Humanitarian Law (IHL),” the report concluded, signed by the ELN’s North Eastern Front leads. “Who would think that two Germans are spying here in Colombia? That’s an excuse that no one in their sound mind could accept or understand; it’s a lie. [They are] not spies,” claimed President Santos. Two weeks ago, the ELN, which is composed of 2,500 guerrillas, claimed responsibility for kidnapping six mining employees, two of which are Peruvian, and one is Canadian. President Santos also offered to call on the International Committee of the Red Cross (ICRC) to negotiate their release, and he assured that although authorities are aware of their location, he has held back from “organizing a military operation, in order to avoid risking the lives of the victims.” The ELN has been active in Colombia since 1965.last_img read more

Cardinals 6th Graders Win STL Tourney-5th Grade Team Place 3rd

first_imgSt. Louis hosted a 4 team tournament today with Milan, St. Michael’s-Brookville and St. Lawrence-Lawrenceburg.SLS 6th Grade played very well.Game 1 vs. St. St, Michael’s – Won 40-15Championship Game vs Milan –  Won 26-18Points:                                                             Points:Hank Ritter – 18 pts                                      Conner Miles – 12 ptsConner Miles – 10 pts                                   Hank Ritter – 8 ptsEvan Flaspohler – 6 pts                                Carson Meyer – 4 ptsThomas Lohmueller – 4 pts                         Thomas Lohmueller -2 ptsEli Weiler – 2 ptsStats:                                                       Stats:Rebounds:                                               Rebounds:Thomas Lohmueller – 7                         Thomas Lohmueller – 6Carson Meyer – 7                                    Carson Meyer – 7Hank Ritter – 3                                        Conner Miles – 4Preston Conway – 2Assists:                                                      Hank Ritter – 2Conner Miles – 5Assists:Steals:                                                    Conner Miles – 2Miles Conner – 5Thomas Lohmueller – 3                      Steals:Hank Ritter – 6Thomas Lohmueller – 4Carson Meyer – 3Conner Miles – 3The 5th Grade SLS Boys Basketball team participated in the St. Louis Basketball tournament held on Saturday, December 2nd.  The Cardinals finished in 3rd place after losing to St. Michael’s (25-10) in their opening game and then beating St. Lawrence (17-12) in the consolation game.For the St. Michael’s game the Cardinals were led in scoring by Ben Miller with 6 points while Christian Mack scored 2 points and Adam Meer pitched in 2 points as well.  Against St. Lawrence the Cardinals were led in scoring by Ben Miller with 9 points.  Sully Hill contributed 4 points, Henry Wanstrath 2 points, and Max Amberger with a 1st half buzzer beater for 2 points to round out the scoring.  Sam Laloge led the Cardinals in both rebounds and steals with 6 a piece.  Santiago Schutte, Marc Meneses , and Zavier Tekulve provided the Cardinals with valuable minutes in both games as well.The Cardinals have 2 games remaining on their schedule with the next game on Thursday, December 7th against St. Michael’s.Courtesy of Cardinals Coach Ryan Tekulve.last_img read more