www.areadevelopment.com www.vermontjournal.com
Development Authority Approves Financing To Expand Manufacturing Projects
Area Development News Desk
09/08/2016
Vermont Economic Development Authority approved financing to help spark economic development projects throughout the state totaling $16.8 million.
“VEDA is so pleased to be able to provide growth financing to several start-up and early-stage businesses,” said Jo Bradley, VEDA Chief Executive Officer.
Projects approved by VEDA for financing assistance include:
In Springfield, Vermont, Konrad Prefab was approved for $180,000 in VEDA financing to help the start-up manufacturer purchase machinery and equipment. It will also provide working capital for the company’s move to a larger 17,000 square foot space owned by the Springfield Regional Development Corporation.
Okay, so how long will the $180,000 ensure that Konrad Prefab stays in Springfield? B&J's got pulled out in a megacorporation buyout. We should have in place the system that will ensure the community stakeholders-- workers, families, schools, churches, merchants and students-- have a say in preventing a repeat of the rape of Precision Valley (which boosted our property taxes 247% in 1983). Contrary to Milton Friedman's assertion, shareholders are not the only ones who are supposed to benefit from commerce.
ReplyDeleteOne of the difficulties about doing this is that the town charter task force is focused on meeting a calendar deadline, so what would it take to address this?
Keep it up...
ReplyDelete