CVE, Nordic Spirit Soccer Club Partner Again to Expand Indoor Facilities ESSEX JUNCTION A new 45,000 square-foot facility for special events, trade shows, conventions and indoor soccer should be completed in January 2005 at the Champlain Valley Exposition (CVE).The $2.5 million building will be similar and adjacent to the Robert E. Miller Expo Centre built in 1999. As was the case in six years ago, a long-term lease commitment by the Nordic Spirit Soccer Club is the impetus for this expansion, explained David Grimm, CVEs general manager. The new construction, which began in mid-September, includes a 26,000-square foot, clear-span building for special events and soccer. A 14,000-square foot connector to the Miller Expo Centre will include 12,000 square feet for offices, conference space, concessions, a prep kitchen and additional dressing and rest rooms. Another 7,000 square feet will be used for storage. The project is being built by REM Development Company, Williston, Robert E. Miller, president. Both the Exposition and the Nordic Spirit Soccer Club are 501(c)(3) not-for-profit corporations. Exposition officials have indicated they are looking for a sponsor to dedicate the new building to help underwrite some of the expenses. A commitment by the Nordic Spirit Soccer Club in 1999 was the springboard that allowed us to expand our facilities and capabilities, and strengthen our economic base for the long-term viability of the Exposition, said Jane Clifford, president of the Expositions Board of Directors.For the Exposition, the new facilities will create new opportunities to attract bigger events and conventions and provide additional show space to the Champlain Valley Fair.The 130-acre Exposition provides facilities that are unique to Vermont and the Northeast region, bringing such one-of-a-kind events as the Vermont Balloon and Music Festival, Four-Wheel Drive Jamboree, Everything Equine and Horse 2005, Sportsman Show, Arts and Crafts shows, Recreational Vehicle Jamborees, The Champlain Valley Antiques Festival and home and dog shows to name a few.Additional regional economic impact is derived from national shows that come to Vermont for two reasons the attractions of Vermont and the CVE facilities able to accommodate their memberships needs. The economic impact is widely felt by restaurants, retail shops, gas stations, hotels and tourist attractions when a major national convention comes to Essex Junction and Chittenden County, Grimm said.The National Street Rod Associations annual fall rally which marked its 11th year at CVE in 2004 along with recreational vehicle rallies like the Family Motor Coach Association and other events bring significant tourism and tax dollars to the Vermont economy on a regular, annual basis.As an example, the 2003 Wally Byam Caravan Club Airstream convention, the largest ever for Vermont, would not have happened without the availability of the Robert E. Miller Expo Centre, said Tom Oddy, CVEs director of special events. Equally important is that current user groups such as the Yankee Sportsmens Classic, Vermont Craft Workers and the Boat and RV shows have all expressed a desire to grow their events and are committed to using the new exhibit space, Oddy added.The Expos Champlain Valley Fair remains the largest single annual event in Vermont, drawing 299,168 people during the 10-day event. Add in an additional 100-plus events held at the Expo (trade shows, conferences, music festivals and other specialty events) and the regional economic activity that CVE encourages is substantial approximately $75 million per year!Roger Prescott, president of the Nordic Spirit Soccer Club, said marketplace demands provided the momentum to go to the next level. There exists a great need to have more opportunities for training, practice and greater flexibility in scheduling. This project will double existing capacity in addition to creating winter training opportunities for outdoor spring sports such as lacrosse, rugby and field hockey.The Nordic Spirit Soccer Club currently serves 2,000-3,000 people per week during its winter season. The growth each organization has shared is something of which we can all be proud, Prescott added. Like sports, teamwork can make good things happen.For information about leasing any of the Expositions facilities, contact Tom Oddy, director of special events, at (802) 878-5545 or email@example.com(link sends e-mail). A calendar of events at the Exposition is available at www.cvfair.com(link is external).
Cornell Nutritional Expert, Vermont Baby Formula Company Urge Parents Not to Dilute Formula with Extra WaterGEORGIA, Vt., Dec. 3 /PRNewswire/ — In response to press reports of parents diluting baby formula in this difficult economy, a nutritional expert and a leading manufacturer of infant formula are urging parents to breastfeed or use formula responsibly by following the instructions on the can.”It is critical that parents refrain from diluting baby formula with extra water during these tough economic times,” said Barbara S. Levine, R.D., Ph.D., director of the first NIH-funded Nutrition Information Center at Weill Cornell Medical College. “If parents choose to formula feed, they must remember it is an infant’s sole source of nutrition.”PBM Nutritionals, LLC, a supplier of store-brand infant formula found at Walmart, Sam’s Club, Target, Kroger, Walgreens, and other leading retailers in the United States and throughout the world, recommend parents breastfeed or use formula responsibly.”Breastfeeding is best for babies,” said PBM CEO Paul B. Manning. “When it comes to using formula, parents should follow the directions on the label exactly to ensure that their babies get the nutrition they need for healthy growth and development. We are pleading with moms and dads to read and follow the instructions on their formulas of choice.””If money is an issue, parents must understand that store brand infant formulas cost up to half the price of comparable national brands,” added Levine. “And the FDA sets the nutritional and quality standards for all infant formulas, so store brand formulas have to meet the same strict guidelines as national brands.”PBM is a leading supplier of infant formula sold throughout the world; its commitment to research and development ensures that all of its formulas are safe, high quality, and offer the latest advances in nutrition. For more information, visit http://www.pbmnutritionals.com(link is external) and http://www.pbmproducts.com(link is external).About PBMPBM is privately owned and based in Gordonsville, VA. PBM companies specialize in manufacturing, distributing, and marketing consumer food, nutritional, and pharmaceutical products. PBM companies include PBM Holdings, Inc., PBM Products, LLC, PBM Nutritionals, LLC, PBM Canada Holdings, Inc., PBM (Guangzhou) Nutritionals Co., Ltd., and PBM Products Mexico, S. de R.L. de C.V. For more information, visit http://www.pbmproducts.com(link is external).
Source: Union Bankshares. Morrisville, VT April 15, 2009 Union Bank,Union Bankshares, Inc. (NASDAQ UNB) has announced financial results for the first quarter ended March 31, 2009. The Company reported net Income of $1.27 million or $.28 per share compared to $1.41 million or $0.31 per share for the comparable period in 2008. The decrease in year over year net income is primarily due to increases in FDIC deposit insurance premiums of $123,000, pension plan expense of $145,000 reflecting a decline in the market value of pension plan assets under mark to market accounting and the receipt during the first quarter of 2008 of a $184,000 rehabilitation federal tax credit for one of the Company s low income housing partnership investments. These changes were partially offset by increased noninterest income during the first quarter of 2009, mainly due to the refinancing and sales of residential mortgages.Net interest income increased $21 thousand or 0.5%, which was less than anticipated, as a result of the 400 basis point decrease in the prime rate since January 1, 2008. The provision for loan losses for the first quarter of 2009 was $95 thousand compared to $50 thousand in the comparable period of 2008. The increase in the provision between years was mainly due to the $35.6 million, or 11.5%, increase in gross loans. Total loans, including loans held for sale, were $348.8 million at March 31, 2009 compared to $316.6 at March 31, 2008.Other operating expenses only increased $88 thousand or 2.3% between years despite the addition of two full service branches during the second half of 2008. The increase in other operating expenses was more than offset by the increase in other operating income of $158 thousand which is mainly due to the increase in income from the sale of residential mortgage loans.The Board of Directors, after careful consideration of the uncertainty in the current national economy, announcement by the Federal Deposit Insurance Corporation of a one-time additional deposit insurance assessment of $.20 per $100 of deposits as of June 30, 2009 (approximately $459,000 after tax), and the effects of mark to market accounting requirements, has determined that a decrease in the quarterly dividend is in the best interest of the Company at this time to maintain the Company s capital strength. On April 15, 2009 a quarterly cash dividend of $0.25 per share was declared to shareholders of record April 27, 2009, payable May 8, 2009. Dividend for the previous quarter was $0.28 per share.The Company under the Federal Reserve Board s regulatory capital standards is well capitalized with Tier 1 Capital to total assets at December 31, 2008 of 9.95%.Union Bankshares, Inc., with headquarters in Morrisville, Vermont is the bank holding company parent of Union Bank, which offers deposit, loan, trust and commercial banking services throughout northern Vermont and New Hampshire. As of March 31, 2009, the Company had approximately $421.8 million in consolidated assets compared to $388.2 million at March 31, 2008, or growth of 8.6%. The Company operates 14 banking offices and 29 ATM facilities in Vermont, a branch and ATM in Littleton, New Hampshire.Statements made in this press release that are not historical facts are forward-looking statements. Investors are cautioned that all forward-looking statements necessarily involve risks and uncertainties, and many factors could cause actual results and events to differ materially from those contemplated in the forward-looking statements. When we use any of the words believes, expects, anticipates or similar expressions, we are making forward-looking statements. The following factors, among others, could cause actual results and events to differ from those contemplated in the forward-looking statements: uncertainties associated with general or local economic conditions; changes in the interest rate environment or government monetary policy; inflation; political, legislative or regulatory developments; acts of war or terrorism; the markets acceptance of and demand for the Company s products and services; technological changes, including the impact of the internet on the Company s business and on the financial services market place generally; the impact of competitive products and pricing; and dependence on third party suppliers. For further information, please refer to the Company s reports filed with the Securities and Exchange Commission at www.sec.gov(link is external).
Governor Jim Douglas will be awarded the Ordre national du Québec (the National Order of Quebec) during a ceremony at the National Assembly of Québec on Thursday, March 11. The Ordre national du Québec is the highest honor awarded by the government of Québec. Instituted in 1984, it consists of three grades – Grand Officer, Officer and Knight – and is presented to Quebecers for outstanding achievements and actions that support Québec, its language and culture. The Premier of Québec may recommend an eminent individual who is not a Québec resident to be awarded the Ordre. Governor Douglas will be awarded the Officer’s Insignia.Others who have received the Ordre include former French President Jacques Chirac, scientist and entrepreneur Francesco Bellini, hockey stars Mario Lemieux and Maurice “Rocket” Richard and singer Celine Dion. For more information about the Ordre national du Québec you can visit http://www.ordre-national.gouv.qc.ca/(link is external).Source: Governor’s office. 3.9.2010.###
STATESCSEP ALLOCATIONAlabama10,818,394Alaska2,553,380Arizona8,474,542Arkansas11,361,238California50,001,649Colorado5,919,045Connecticut6,409,440Delaware2,553,380District of Columbia3,360,134Florida34,446,010Georgia13,092,991Hawaii2,553,380Idaho2,878,354Illinois22,714,367Indiana15,285,606Iowa7,477,709Kansas5,797,794Kentucky11,070,918Louisiana10,079,713Maine3,602,911Maryland8,031,271Massachusetts12,721,542Michigan18,762,904Minnesota13,896,731Mississippi7,545,259Missouri14,120,529Montana3,641,765Nebraska4,350,782Nevada2,992,869New Hampshire2,878,354New Jersey16,499,499New Mexico3,559,193New York38,572,966North Carolina15,275,904North Dakota3,505,801Ohio25,463,073Oklahoma9,331,800Oregon8,584,789Pennsylvania31,512,615Puerto Rico8,215,203Rhode Island3,107,652South Carolina8,007,733South Dakota4,127,050Tennessee11,925,474Texas32,396,571Utah3,894,246Vermont3,204,763Virginia12,401,587Washington8,644,470West Virginia6,564,853Wisconsin14,955,255Wyoming2,878,354American Samoa1,350,956Guam1,350,956Northern Mariana Islands450,320Virgin Islands1,350,956 The U.S. Department of Labor today released $596,525,000 in funds to continue support for 74 state, territory and national grantees of the Senior Community Service Employment Program for program year 2010. Vermont will receive $3.2 million. These funds will enable income and training support for 61,900 individuals ages 55 and older, who have low incomes or are unemployed. At least 75 percent of SCSEP funds will go to provide these individuals with part-time, paid community service-based job training program opportunities throughout the country.”Older workers are an essential part of our nation’s present and an increasingly greater part of its future, but it can be difficult for this dynamic sector of our population to access good jobs,” said Secretary of Labor Hilda L. Solis. “At the U.S. Department of Labor, we are committed to ensuring older workers have access to the training and other professional services they both need and deserve. The SCSEP program assists participants in enhancing their marketability and allows them the opportunity to further contribute to their communities.”Through this program, participants will provide more than 40 million hours of community service to public agencies and nonprofitorganizations annually. Grant awards are being made to all 50 states, the District of Columbia, Puerto Rico, American Samoa, Guam, the Northern Mariana Islands and the U.S. Virgin Islands, as well as 18 national nonprofit organizations. SCSEP services are available in every county in the U.S.Funds are being awarded to each state either directly or through one of the following 18 national organizations: AARP Foundation; Asociacion Nacional Pro Personas Mayores; Easter Seals Inc.; Experience Works Inc.; Goodwill Industries International Inc.; Institute for Indian Development Inc.; Mature Services Inc.; National Able Network Inc.; National Asian Pacific Center on Aging; National Caucus and Center on Black Aged Inc.; National Council on the Aging Inc.; National Indian Council on Aging Inc.; National Urban League; Quality Career Services Inc.; SER Job for Progress National Inc.; Senior Service America Inc.; Vermont Associates for Training Development Inc.; and The Work Place Inc. Source: US DOL. 6.23.2010
To continue to stay ahead of rising demand for wireless voice, 3G multimedia and Internet access in Chittenden County, Vermont, Verizon Wireless has expanded its local network. Since 2000, the company has invested $2.6 billion into its New England network, including $192 million in 2009, and recently earned recognition from J.D. Power and Associates for “Highest Call Quality Performance among Wireless Cell Phone Users in the Northeast” *.New cell site provides increased wireless voice and 3G data coverage to downtown Richmond, including along East Main Street/Route 2, Route 117 and I-89 near exit 11, as well as the surrounding area Expanded 3G data coverage in Richmond lets more customers using notebook computers or smartphones:Download and use cool apps, from mobile social networking platforms to GPS-enabled mapsRapidly browse the web to keep up with news, sports, stock quotes, Hollywood gossip and moreWork on-the-go with fast file sharingQuickly download and play music favorites from Top 40 to ClassicalSend emails to friends, family and co-workers with picture and video attachmentsDownload and play vivid 3D gamesStream must-see video and customized radio stationsView from Verizon Wireless“People across Vermont are increasingly relying on smartphones and 3G apps to manage their busy lives and stay connected at home or on-the-go,” said director for Network Systems Performance for Verizon Wireless, Richard Enright. “The $2.6 billion we’ve invested into our New England network has kept us ahead of consumer trends, provided our customers a 3G advantage and underscored our belief that any mobile device is only as good as the network it runs on. Proactive and sustained investment has made Verizon Wireless the 3G leader in New England and nationwide.”Harnessing the Capabilities of a Robust 3G NetworkVerizon Wireless’ 3G network powers many leading mobile multimedia services, including:Mobile Broadband Internet Access: Notebook computer users can access email, download files and browse the Internet at broadband speed, downloading a one megabyte email attachment – the equivalent of a small PowerPoint® presentation or a large PDF file – in about eight seconds and uploading it in less than 13 seconds.V CAST Video: V CAST multimedia services offer customers the ability to play cutting-edge 3D games and stream video clips straight to their phones, as well as to watch dozens of on-demand videos, including breaking news, weather, sports highlights and the hottest entertainment clips.Sustained Wireless InvestmentThe company has invested more than $59 billion since its inception to increase the wireless voice and data coverage of its national network and to add new 3G services like Mobile Broadband and V CAST. As the carrier with America’s largest and most reliable wireless network, Verizon Wireless cell sites in New England provide 3G wireless data connectivityEngineering America’s Most Reliable Wireless NetworkThe company’s ‘America’s most reliable wireless network’ reputation is based on network studies performed by real-life test men and test women throughout the country. By traversing more than one million miles annually on Interstate, U.S. and state highways, as well as major roads and surface streets in high-population areas – the equivalent of two roundtrips to the moon or 40 trips around the world – the test men and women confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless’ network and the networks of other carriers.About Verizon WirelessVerizon Wireless operates the nation’s most reliable and largest wireless voice and 3G data network, serving more than 92 million customers. Headquartered in Basking Ridge, N.J., with 79,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit www.verizonwireless.com(link is external). To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia(link is external).Source: Verizon Wireless.
The Vermont Agency of Transportation (VTrans) and the New York State Department of Transportation (NYSDOT), in cooperation with the Federal Railroad Administration (FRA), are working together to identify and establish intercity passenger rail service to parts of southwestern Vermont and adjacent areas in New York that are currently underserved, and have scheduled the first public meeting to discuss the study for Tuesday, March 22, 2011 at 7:00pm-9:00pm at the Bennington Fire Station, 130 River Street, Bennington, VT, 05201.The project study area, which is generally located between Albany/Rensselaer, NY and Rutland, VT, includes Bennington and Rutland Counties in Vermont, and Rensselaer, Albany, Schenectady, Saratoga, Warren and Washington Counties in New York.Passenger rail is a vital and integrated component of both the Vermont and New York multimodal transportation systems. Both states have developed state rail plans to provide a strategic policy framework for maintaining and enhancing their respective rail systems.‘Governor Peter Shumlin is committed to seeing passenger rail grow in Vermont,’ noted Brian Searles, Secretary of VTrans. ‘We are pleased to be working with in partnership with New York to implement the shared vision of delivering passenger rail along the western corridor of Vermont, and connecting to Albany and New York City.’‘Expanding high speed intercity passenger rail service is a priority for Governor Andrew Cuomo as it will increase mobility, create jobs and support economic growth and tourism,’ NYSDOT Commissioner Joan McDonald said. ‘We look forward to working cooperatively with the State of Vermont to create passenger rail improvements that will effectively serve us and future generations and we encourage the public to participate in the upcoming meeting to help us develop a system that is responsive to its needs.”VTrans and NYSDOT also are working together on another significant transportation project, replacement of the Lake Champlain Bridge, which spans the state line between Crown Point, Essex County, New York and Chimney Point, Vermont. The previous bridge was demolished in late December 2009. A new bridge is scheduled to be opened at the site this fall.The New York-Vermont Bi-State Intercity Passenger Rail Study is funded by a $500,000 FRA grant under the American Recovery and Reinvestment Act (2009). Both states are contributing $250,000 each towards the cost of the study.The desired study outcome is to develop a preferred transportation alternative that will continue forward into design and construction. The study will include the following major steps:§ Identify and evaluate reasonable intercity passenger rail service alternatives;§ Complete Federal environmental documentation and reviews;§ Develop preliminary engineering materials; and§ Develop an implementation plan to identify the management approach and financial plan for the proposed service. A public meeting scheduled for March 22. The study is scheduled to be completed by summer 2012.Public involvement is essential for the development and implementation of the planning study. Over the course of the next 18 months, a series of public meetings will be held in both Vermont and New York to gather public opinion on passenger rail service options.
Randolph National Bank, the White River Valley’s Hometown Bank, recently donated $1,300 to six local towns severely damaged by flooding during Irene. The money was raised during one of the bank’s ‘Jeans Day’, in which bank staff make a small donation for the privilege of trading pinstripes for blue jeans.On Jeans Day on September 2nd, the usual $5donation was waived in favor of a ‘free’ jeans day, with the bank encouraging those employees who could to donate whatever they wanted with the promise of matching funds from RNB. Staffers from across the bank’s network of eight offices stepped up to the challenge to collect the $1,300.In addition to making the cash donations, bank employees gave generously with time, supplies and money to their communities and neighbors.The funds were split between the following organizations: Operation Revive Royalton FundBethel Volunteer Fire DepartmentRochester Volunteer Fire DepartmentStockbridge Volunteer Fire DepartmentPittsfield Volunteer Fire DepartmentRandolph Volunteer Fire Department About Randolph National BankOriginally chartered as The National Bank of West Randolph in 1875, Randolph National Bank has continued to grow and prosper and today holds assets in excess of $160 million and provides services through eight banking offices and nine ATMs. Headquartered in Randolph, RNB also maintains offices in the communities of Rochester, Royalton, South Royalton, Williamstown and Quechee, with the mission of meeting the credit and deposit needs of individuals and businesses in the White River Valley. www.rnbvt.com(link is external)