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January 28, 2014

The Search for a Good Exit: An Introduction to Ownership Succession Planning

Filed under: SRDC — admin @ 11:19 am

An introduction to business ownership succession planning will be offered on Wednesday, February 12 from Noon to 3:00 at the Howard Dean Education Center, 307 South Street in Springfield.  There is no cost for this event.  Attendees will receive a copy of “An Owner’s Guide to Business Succession Planning,” and lunch will be served.

In this seminar, you will learn the basics of how to choose a path for ownership succession in your business. We will take a close look at four different ways of selling a business: to an outsider, to family members, to managers and to the larger group of employees. While we will get into some technical details, the focus will be on stories about each path, told by owners who have been involved in the sale of businesses. John P. Murphy, President of Atlantic Management Company, will give an overview of the mechanics of the most common ownership transition models. Owners and former owners of Vermont businesses will tell their stories of ownership succession, live and via video.

Attendance is limited to business owners and key managers.

Sponsors of the event are the Springfield Regional Development Corporation, the Vermont Small Business Development Center and the Vermont Employee Ownership Center, with funding provided by the Vermont Agency of Commerce and Community Development.

To register, please click here or call 802-338-7448.

January 14, 2014

Start Your Own Business Workshop Coming on 2/7 in Windsor

Filed under: SRDC — admin @ 2:20 pm

Vermont Small Business Development Center (VtSBDC) is offering a four-hour workshop on how to start your own business and write a business plan.  The course will be offered on Friday, February 7th from 9:00 am. to 1:00 p.m. at the Windsor Welcome Center at 3 Railroad Avenue in Windsor, Vermont.

Starting Your Own Business is conducted by experienced business advisors and designed as a step-by-step guide for starting a business in Vermont for the first-time business owner:

  • Evaluate whether there is a viable business in your good idea
  • Identify your target customers and explore how to conduct market research
  • Learn how to register your company, apply for tax numbers and protect your brand
  • Prepare to write an effective business plan
  • Find out about financing options and learn what a credible loan package looks like
  • Receive access to the online workshops to increase your knowledge in money, marketing and management (at your convenience) valued at over $150.00

By the end of this workshop you will be well-informed about the resources available to you and the steps involved in launching a successful business.

Space is limited. To register for the workshop sign up online at www.vtsbdc.org (click on the training tab). For registration questions, please email Heather Gonyaw at hgonyaw@vtsbdc.org.  The registration fee is $99.00.  Your payment includes a start-up workbook in hardcopy and pdf format.

Vermont Small Business Development Center is a non-profit partnership of government, education and business, organized to help Vermont small businesses succeed. No-cost, confidential advice is provided to existing business owners and new entrepreneurs throughout the state.  For more information visit www.vtsbdc.org or contact Debra Boudrieau at the local SBDC office, located at Springfield Regional Development Corporation at (802) 885-2071 or dboudrieau@vtsbdc.org.

Vermont Small Business Development Center is a partnership program with the U.S. Small Business Administration.  The support given by the U.S. Small Business Administration through its funding does not constitute an expressed or implied endorsement of any of the co-sponsors’ or participants’ opinions, products or services.

January 9, 2014

Irene Business Recovery Grants: Final Workshops for Funding Assistance

Filed under: SRDC — admin @ 9:08 am

SRDC and Brattleboro Development Credit Corporation (BDCC) have received an additional $500,000 in Community Development Block Grant – Disaster Recovery (CDBG-DR) funds through the Vermont Agency of Commerce and Community Development (ACCD) to assist businesses with “unmet disaster recovery needs” related to Tropical Storm Irene.  The two groups have scheduled free, mandatory, workshops next week for those interested in applying for funding through this program.

To date, BDCC and SRDC have facilitated grant awards, ranging from $1,000 to $50,000, to over 30 businesses in Southern Windsor and Windham Counties.  In order to be eligible for potential funding, business applicants need to demonstrate “unmet need”.  The term refers to those items that are a direct result of flooding from Irene that have not yet been addressed through other means, such as FEMA, VEDA, or other grants, loans, or contributions. Eligible use of funds include repair of structure, repair or replace equipment, creation or retention of jobs, interest rate buy downs on private loans, rent subsidies and lost rental revenue.

This is a very competitive process as the documented unmet need greatly outweighs the funding. A Selection Committee of representative individuals from each Region will determine which businesses will receive funding and the total amount of funds to be granted to each business based on program criteria. The last expected application round has a tentative due date of February 28, 2014. Applications must be complete to be reviewed.

If you are a business that’s still struggling to recover from the effects of Tropical Storm Irene, you are encouraged to attend to learn more about this program and how it may be of assistance. Those interested in submitting an application must attend one of the workshops being provided in partnership with Small Business Development Corporation (SBDC) at either the Brattleboro or Springfield location. SBDC will provide direct assistance in completing the application and helping businesses to include all required materials to have a more competitive application. If a previous applicant is submitting a new application, they do not need to attend the workshop, although they are certainly encouraged to.

Business Application Workshop Schedule:

Tuesday, Jan. 14th                   9 – 11:30 am – Marlboro College Graduate School, 28 Vernon St, Brattleboro

Thursday, Jan. 16th 5 – 7:30 pm – Howard Dean Education Center, 307 South St, Springfield

The workshops are free of charge, but registration is required. You can register at remaining workshops: Tue 1/14, 9-11:30 @ Marlboro College Graduate School; Thurs, 1/16, 5-7:30 pm at Howard Dean Center.  Register by clicking on the link vtsbdc.centerdynamics.com/Events.aspx?mode=0 or by calling either BDCC at 802-257-7732 or SRDC at 802-885-3061.

January 2, 2014

Public Notice – SRDC Application

Filed under: SRDC — admin @ 3:36 pm

Springfield Regional Development Corporation (SRDC) plans to submit an application for a Fiscal Year 2014 Environmental Protection Agency Brownfields Cleanup Grant.  If awarded, the grant would be utilized to address environmental concerns at the former Bryant Grinder building located at 257 Clinton Street, Springfield, VT 05156.  The public is invited to review and comment on SRDC’s application.  A copy of the grant proposal and the draft Analysis of Brownfield Cleanup Alternatives is available for review at SRDC’s office located at 14 Clinton Street, Springfield, VT 05156.  Additionally, a public meeting will be held to discuss the draft proposal and accept public comment.  The meeting will be held at 5:00 pm on Monday, January 13, 2014 at SRDC’s office in Springfield.  For more information please contact Bob Flint at (802)-885-3061 or bobf@springfielddevelopment.org.

October 9, 2013

East Central CEDS Region & VT Dep’t of Economic Development Sponsoring Statewide Economic Planning Workshop on October 21st in White River Junction

Filed under: SRDC — admin @ 1:44 pm

What will Vermont’s economy look like in 2015 or 2025?  How do we increase the economic well-being of all Vermonters?

Building wages and creating good jobs is a top priority of Governor Shumlin’s 2012-2015 Strategic Plan for Vermont and the goal or the state’s first state-wide Comprehensive Economic Development Strategy (CEDS). With your help, we can refine the vision of Vermont’s economic future.

The Department of Economic Development (DED) is inviting citizens from around the state to participate in a series of workshops as part of the CEDS process. The goal: solicit strategies and tactics for helping Vermont’s economy grow in a manner that improves wages and job opportunities, builds business, enhances our quality of life and preserves Vermont’s brand, values and natural resources.

The East Central Vermont CEDS Region is partnering with the Department of Economic Development to sponsor a workshop for our area.

DATE – Monday, October 21st

TIME – 4:30 – 7:30 pm

LOCATION – Tupelo Music Hall, 188 S. Main Street, in White River Junction.

The session is open to the public and will include a wide variety of stakeholders representing the interests of business, non-profits, the community and citizens.

In addition to the regional meetings, a CEDS Committee (representatives of the business, non-profits, education and communities) is meeting regularly and will help determine and put together the final plan for the Governor’s review. The final plan will be released in the summer of 2014.

Background on the process, FAQs, a full schedule of meetings and examples of regional CEDS plans that have already been developed are available at ThinkVermont.com (click on “strategic planning”). The East Central Vermont CEDS plan is being utilized as part of the state process and the CEDS work in this region is continuing to move forward.

If you are not able to attend but would like to be heard, the department invites you to send your thoughts and comments to Lisa Gosselin, Commissioner at the Department of Economic Development, accd.ceds@state.vt.us

September 27, 2013

Irene Business Recovery Grants: Workshops Scheduled for Funding Assistance

Filed under: SRDC — admin @ 3:21 pm

Springfield Regional Development Corporation and Brattleboro Development Credit Corporation have received an additional $500,000 in Community Development Block Grant – Disaster Recovery (CDBG-DR) funds through the Vermont Agency of Commerce and Community Development (ACCD) to assist businesses with “unmet disaster recovery needs” related to Tropical Storm Irene.  The two groups have scheduled free, mandatory, workshops in October for those interested in applying for funding through this program.

To date, BDCC and SRDC have facilitated grant awards, ranging from $1,000 to $50,000, to over 30 businesses in Southern Windsor and Windham Counties.  In order to be eligible for potential funding, business applicants need to demonstrate “unmet need”.  The term refers to those items that are a direct result of flooding from Irene that have not yet been addressed through other means, such as FEMA, VEDA, or other grants, loans, or contributions. Eligible use of funds include repair of structure, repair or replace equipment, creation or retention of jobs, interest rate buy downs on private loans, rent subsidies and lost rental revenue.

This is a very competitive process as the documented unmet need greatly outweighs the funding. A Selection Committee of representative individuals from each Region will determine which businesses will receive funding and the total amount of funds to be granted to each business based on program criteria. There will be 2 rounds of application with tentative due dates of November 22, 2013 and February 28, 2014. Applications must be complete to be reviewed.

If you are a business that’s still struggling to recover from the effects of Tropical Storm Irene, you are encouraged to attend to learn more about this program and how it may be of assistance. Those interested in submitting an application must attend one of the workshops being provided in partnership with Small Business Development Corporation (SBDC) at either the Brattleboro or Springfield location. SBDC will provide direct assistance in completing the application and helping businesses to include all required materials to have a more competitive application. If a previous applicant is submitting a new application, they do not need to attend the workshop, although they are certainly encouraged to.

Business Application Workshop Schedule:

Tuesday, Oct. 8th 5-7:30 pm – Marlboro College Graduate School, 28 Vernon St, Brattleboro

Thursday, Oct. 10th                   9 – 11:30 am – Howard Dean Education Center, 307 South St, Springfield

Wednesday, Oct. 16th               9 – 11:30 am – Marlboro College Graduate School, 28 Vernon St, Brattleboro

Thursday, Oct. 17th 5 – 7:30 pm – Howard Dean Education Center, 307 South St, Springfield

The workshops are free of charge, but registration is required. You can register at either www.springfielddevelopment.org or www.brattleborodevelopment.com or by calling either BDCC at 802-257-7732 or SRDC at 802-885-3061.

September 4, 2013

Additional Irene Recovery Funds Available for Businesses in Windham & Southern Windsor Counties

Filed under: SRDC — admin @ 10:41 am

Brattleboro Development Credit Corporation (BDCC) and the Springfield Regional Development Corporation (SRDC) today announced that they have received an additional $500,000 in funding for a program that has already provided grants to over 30 area businesses struggling from the effects of Tropical Storm Irene.

The two organizations have been utilizing a $1,000,000 Community Development Block Grant for Disaster Recovery (CDGB-DR), which was awarded to the two Regional Development Corporations by the Vermont Department of Housing & Community Development (DHCD) last year. The first round of grant awards went to businesses, which demonstrated a variety of remaining unmet needs from Irene, including replacing equipment and inventory as well as physical repair and other areas. Businesses received awards from $1,000 up to $50,000, depending on several factors. The recipients are located in Brattleboro, Wilmington, Ludlow, Marlboro, Athens, Chester and other towns throughout Windham and southern Windsor Counties.

“We know flood recovery is a marathon not a sprint”, commented BDCC Board Chair John Meyer, who was instrumental in the organizations pursuing this funding from the Vermont Agency of Commerce and Community Development. “There are still a number of small businesses, farms and nonprofits that have not fully recovered despite being open or partially open.  These funds are critical to getting them all the way back,” added Meyer.

Stanley and Laura Lynde of Lynde Motorsports, one of the area businesses that has received funding, said that  “The grant has been an incredible boost towards full recovery of our normal business operations. We have been able replace some critical equipment and repair some of our damaged structures.”  The Timber Inn Motel in Ludlow also was awarded one of the grants. Co-Owner Glenn Heitsmith commented “Two years after the storm, our recovery continues. We had come a long way on our own, but the CDBG-DR program enabled us to finally repave our parking lot, which really improves the functionality and aesthetics of our property.”

With the additional $500,000 in funding, the RDC’s will soon begin another round of workshops and applications in the coming months. Previous applicants are welcome to re-apply and the process may be streamlined for those with applications already in-house. This supplemental funding is from the $21.7 million in Community Development Block Grant Disaster Recovery funds allocated to the state from the U.S. Department of Housing and Urban Development following Tropical Storm Irene. The State is slated to receive an additional $17.9 million and will make more funding available to the RDC’s, if needs remain.

Senator Patrick Leahy, Senator Bernie Sanders, and Congressman Peter Welch fought to include $400 million in HUD CDBG disaster funding in the Federal budget.  Their efforts ensured that Vermont was one of a handful of states that received an allocation. The Congressional delegation also worked with regional and state officials to include Windham County in the areas of Vermont eligible for this program.

“It has required commitment at the federal, state and local level to make these grants available”, said Jen Hollar, Deputy Commissioner of DHCD. “We are grateful for our partnership with BDCC and SRDC. They have taken a complex program and made it work for the area’s businesses”, she added.

Adam and Karen Grinold of Wahoo’s Restaurant in Wilmington stated that the funding has helped to save their business.  “Our business received a direct hit from the flooding with significant costs for building repairs as well as in land improvements.  Receiving these funds allowed us to make some of the necessary repairs sooner than we had anticipated. Additionally, the application process helped us to focus on prioritizing our needs and ensuring any repairs would be done to mitigate any future flood-related disaster damages”, they said.

“We’ve been able to get assistance in the hands of those that need it”, said Bob Flint of SRDC. “It’s been heartening to see the impact this program has had and we know there are still needs remaining in the region which we hope to address through this additional funding”, he added.

Applicants for the remaining funds are still required to meet “unmet disaster recovery needs”, including repair of structure, repair or replace equipment, create or retain jobs, interest rate buy downs on private loans, rent subsidies and lost rental revenue.  The process is competitive and technical assistance will continue to be provided by BDCC and SRDC staff. More information on workshops and grant applications will soon be available on the BDCC and SRDC websites, www.brattleborodevelopment.com or www.springfielddevelopment.org. The RDC’s and the VT Small Business Development Center will sponsor technical assistance seminars for businesses that want help with the application.  The session dates will be announced in the coming weeks.

For more information on the CDBG-DR program and an update on the timeframe for supplemental funding business applications please contact: April Harkness, BDCC, 802-257-7731 or Paul Kowalski, SRDC, 802-885-3061

August 29, 2013

Start Your Own Business Workshop Coming Up Next Week in Springfield

Filed under: SRDC — admin @ 2:58 pm

Vermont Small Business Development Center (VtSBDC) is offering a four-hour workshop on how to start your own business and write a business plan. The course will be offered next Friday, September 6th from 9 am – 1 pm at the SRDC office, 14 Clinton Street, in Springfield Vermont.

Starting Your Own Business is conducted by experienced business advisors and designed as a step-by-step guide for starting a business in Vermont for the first-time business owner:

  • Evaluate whether there is a viable business in your good idea
  • Identify your target customers and explore how to conduct market research
  • Learn how to register your company, apply for tax numbers and protect your brand
  • Prepare to write an effective business plan
  • Find out about financing options and learn what a credible loan package looks like
  • Receive access to the online workshops to increase your knowledge in money, marketing and management (at your convenience) valued at over $150.00

By the end of this workshop you will be well-informed about the resources available to you and the steps involved in launching a successful business.

Space is limited. To register for the workshop sign up online at www.vtsbdc.org (click on the training tab). For registration questions, please email Heather Gonyaw at hgonyaw@vtsbdc.org.  The registration fee is $99.00.  Your payment includes a start-up workbook in hardcopy and pdf format.

Vermont Small Business Development Center is a non-profit partnership of government, education and business, organized to help Vermont small businesses succeed. No-cost, confidential advice is provided to existing business owners and new entrepreneurs throughout the state. The local office is at Springfield Regional Development Corporation. For more information visit www.vtsbdc.org or contact Debra Boudrieau at (802) 885-2071 or dboudrieau@vtsbdc.org.

Vermont Small Business Development Center is a partnership program with the U.S. Small Business Administration.  The support given by the U.S. Small Business Administration through its funding does not constitute an expressed or implied endorsement of any of the co-sponsors’ or participants’ opinions, products or services.

August 23, 2013

Earth as Muse, New Exhibition at the Great Hall Opens Friday, September 6

Filed under: SRDC — admin @ 1:04 pm

The Great Hall, Vermont’s newest showcase for the arts in Springfield, VT, announces its third exhibition since it opened to rave reviews and fanfare on July 20, 2012. This new exhibition is entitled: Earth As Muse: Beauty, Degradation, Hope, Regeneration, Awakening. The exhibition opens on Friday, September 6 with a reception for the public from 5:30–7:30 p.m. at One Hundred River Street in Springfield, Vermont. Wine and light refreshments will be served. The exhibit goes through April 4, 2014. The Great Hall is underwritten by Springfield Regional Development Corporation and One Hundred River Street LLC.

Nina Jamison, project coordinator of the Great Hall, says that the artists ask us to celebrate the beauty of the earth yet at the same time reflect on the tensions that exist between mankind and the natural environment. This is an exhibition that is celebratory yet suggestive of a warning to the preciousness of the earth and caring for our source of life.

Fran Bull, from Brandon, Vermont, award-winning sculptor, painter and printmaker, offers “The Magdalene Cycle” (acrylic on canvas, 90”x65”(exhibiting 5 of the 13 panels) which is a plea for awakening. She says that the Thirteen Moons of The Magdalene Cycle is a meditation on the mysterious and controversial Mary Magdalene of Biblical lore. “I do not imagine her as a personage or a figure. She is one with the elements; she epitomizes the spirit of renewal. She comes with a mission: to awaken us to our crisis. Will we work to heal the plight of our beautiful earth before it is too late?

Jenny Swanson, Cornish Flat, New Hampshire, is currently the Director of the Davidson Ceramics Studio at Dartmouth College. She will be exhibiting stoneware – “Upward Mobility” which poses the question, are we “climbing a ladder”? Is that ladder an evolutionary ladder, a corporate ladder or a ladder of success? Will genetic engineering of plants or mapping the human genome affect how we “climb the ladder”? She asks are we distancing ourselves from the Earth? Her other piece is called “Line Plates” (porcelaneous stoneware, glaze, five wall plates at 19”each). It consists of five wall plates that are connected together visually, as if a river was flowing through them. All of the plates have exactly the same glaze but each one looks different, reflecting the many possibilities of the ceramic process.

Harry A. Rich, Sandgate, Vermont, nonrepresentational and abstract painter, brings us the Mountain Monument Series (acrylic on canvas: Monument to Mountain Song (48”x56”); Monument to Unknown Mountain Poets (48”x48”); Monument to Mountain Moonlight (48”x48”). He says that our mountains, the Taconics—Greens and Whites—not so long ago were the height of the ancient Central Asian Himalayan range. Ice ages above and substrata activity below reduced and re-crafted our mountains to our present day size. Nevertheless, their original soaring spiritual essence is alive today. His paintings express the original full radiance, the natural mountain sounds, the writings of unknown mountain scribes and the purity of the moonlight. Rich’s other work is Ottoman Wall (acrylic on canvas, 48”x48”). He says the wall image began as part of the monument series, but lost its way in the studio. The window invites viewers to look back at the Ottoman Empire’s legacy and outward to the future of this tribal, sectarian, ethnic, secular, religious, and politically writhing part of our earth.

Pat Musick, Manchester, Vermont, the 2013 recipient of the Governor’s Gallery award, is exhibiting Epilogue. Pat explains the Epilogue series: “It was born from two natural disasters that hit our forest homeland in the 1980s—a forest fire and a flooding river. As I walked the land following these occurrences, I was assaulted by feelings of despair. Ruin was everywhere. But a year later the forest floor gave birth to new life. It was young, green, resilient, shining . . . more beautiful than before. I was overcome with feelings of hope, regeneration, new opportunity and this became embedded in my artistic vision. All of my work from that time forth carries this message. I’ve learned that from adversity comes the chance for new beginnings.” Epilogue series is made up of: Ra (wood, shaped canvas, acrylic, 9’ diameter x 15” off wall); Epilogue 12 (hydrocal, acrylic, canvas, 28” x 38” x 9”); Epilogue 18 (steel, hydrocal, acrylic, canvas, 64”x63” x 10”) and Epilogue 23 (steel, stone, acrylic, canvas, 52” x 50” x 12”).

Richard Weis, Castleton, Vermont, has been exhibiting his work across the U.S. and abroad for over 40 years. He is currently Professor Emeritus of Art at Green Mountain College and continues to maintain a studio in Poultney, Vermont. He has selected three works for the Great Hall Earth As Muse exhibition. The Gathering (acrylic on canvas, five panels, 78’x156”) features a series of human figures that have been woven into an environmental context, a human family. He says the idea is to eliminate the separation between individual figures and merge them with the environment, focusing on them as a group so they become a stronger presence. DMZ (acrylic on canvas w barrier gate, 48”x60”x48”) was painted in response to the border between North and South Korea in 2003. The piece illustrates how artificial borders tend to divide us into us and them. For years his work has been about finding painterly solutions to bridge these divisions. The Land Stripped Bare (acrylic on canvas four panels 90”x76”) evolved from Weis’ personal observations of human interactions with the landscape. He has found visual beauty in environmental degradation such as one might find in the open pit iron mines of Minnesota or the coalmines of West Virginia. He says, “these places often reflect human interaction with the earth in very graphic terms.”

Earth As Muse runs from September 6 to April 4, 2014. The Great Hall is open M-F from 9-5 p.m. at One Hundred River Street, Springfield, Vermont. www.facebook.com/GreatHallSpringfield

August 9, 2013

SRDC’s Bob Flint Featured in WCAX Piece

Filed under: SRDC — admin @ 10:53 am

American Crafted Spirits in Windsor, Vermont held its official Grand Opening on August 5, 2013, with Governor Shumlin in attendance. SRDC has worked closely with Peter Jillson on this project from conception to completion, including assistance with financing, site location and business planning.

WCAX-TV covered the event http://www.wcax.com/story/23051535/windsor-distilery-launches-vodka

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