Jennifer and David Anderson are small business owners in Waterbury and are ready to expand.
With the help of a loan through the Vermont Economic Development Authority, the Squire House assisted living home will soon be under their ownership. "It's an opportunity to continue to provide care to our seniors here in the Waterbury community and maintain a quality care that we want to provide," David Anderson said.
The Andersons are just one of the 240 businesses to get help through VEDA and Monday the federal government awarded more money for VEDA to help small businesses. "We're here to announce another investment here in Vermont -- a one million dollar intermediary re-lending program loan from the USDA to the Vermont Economic Development Authority," said Ted Brady, USDA's Rural Development State Director.
It's a program that has already helped create more than 2,000 jobs across the state. Recipients include those who don't qualify for traditional financing and can demonstrate how they will create jobs and keep them in Vermont. The Cork and Wine Bar Market has created seven new jobs in Waterbury. "It was an incredibly favorable five year, $50,000 loan that made all of it possible," said the Cork's Danielle Nichols Moffatt. The Waterbury local received a loan through VEDA's small business program in 2011. The additional funds announced Monday will continue to provide unconventional financing options for the small businesses.
"There's no better way to grow jobs than capital for small businesses like Danielle who has a dream and a vision and that's why I continue to maintain that we've got a bright economic future," Gov. Peter Shumlin said.
The USDA has invested nearly $10 million in VEDA since 1989. Those funds have helped businesses with direct loans and loan guarantees. "It feels really good and VEDA has been incredible to work with, so I feel really lucky that I've been able to make it happen," Nichols Moffatt said.
Monday, March 10 2014 4:30 PM EDT2014-03-10 20:30:25 GMT
Vermont Law School in South Royalton is expanding in Southeast Asia.A $700,000 federal grant will fund an extension of programs for the U.S.-China Partnership for Environmental Law. The project aims toMore >>
The project aims to educate Chinese government officials about environmental protection and policy.More >>
Monday, March 10 2014 4:10 PM EDT2014-03-10 20:10:15 GMT
For nearly four years family and friends of a murdered Northeast Kingdom woman have wondered if the culprits would ever be caught. Monday afternoon two of the three men accused of the crime -- will beMore >>
Twenty-seven year old Richard Fletcher and his 33-year-old half brother, Keith Baird, were brought shackled into a St. Johnsbury courtroom Monday afternoon.More >>
Monday, March 10 2014 3:27 PM EDT2014-03-10 19:27:21 GMT
A fire that left three families homeless in St Johnsbury Friday was caused by a candle.That's the word from fire investigators. They say the fire started in a bedroom with a candle placed close to a curtain.More >>
A fire that left three families homeless in St Johnsbury Friday was caused by a candle.More >>
Monday, March 10 2014 3:15 PM EDT2014-03-10 19:15:59 GMT
Police say she was one half of a daughter-dad theft team. And Harley Yandow was arrested again -- this time in Highgate.Troopers say Yandow was in a car stopped for a traffic violation Saturday when theyMore >>
Troopers say Yandow was in a car stopped for a traffic violation Saturday when they arrested her on an outstanding warrant from Arizona for car theft.More >>
Monday, March 10 2014 2:33 PM EDT2014-03-10 18:33:52 GMT
Green Mountain Coffee Roasters has a new name and logo.The Waterbury-based company announced Monday it has changed its name to Keurig Green Mountain, Inc. Shareholders approved the change at the Company'sMore >>
The Waterbury-based compnay announced Monday it has changed its company name to Keurig Green Mountain, Inc.More >>
Monday, March 10 2014 12:56 PM EDT2014-03-10 16:56:54 GMT
The spring issue of "4 Legs & a Tail" has hit news stands. Stories include getting your pet adjusted to a new baby, advice on keeping pets safe during golf season and Vermont's first Dog and Pony Show.More >>
The spring issue of "4 Legs & a Tail" has hit news stands. Editor Tim Hoehn visited the Morning Show to share a few of the cover stories that might interest pet lovers.More >>