November 28, 2016
The Vermont Procurement Technical Assistance Center and U.S. Small Business Administration are holding a series of workshops around the state to help local companies understand what the new HUBZone Program expansion could mean for their business. One of those workshops will be held in Springfield on December 12th from 10 am- Noon at the Howard Dean Education Center at 307 South Street.
The HUBZone Program helps small businesses gain preferential access to Federal contracts due to limited development in areas with rural communities. Several counties in Vermont, including Addison, Bennington, Orange, Rutland, Windsor and Windham, have recently been designated as such areas. Companies located in these areas (as well as Essex and Orleans county, which have had this designation) can qualify for the benefits of this program.
The workshops will explain the HUBZone Program, including the necessary information for businesses to qualify, as well as the process for certification and eligibility requirements.
Admission to the workshops is free of charge. You can register online at http://vtptac.ecenterdirect.com/events?reset=1 or call Springfield Regional Development Corporation for more information at 802-885-3061.
October 27, 2016
SRDC’s Executive Director Bob Flint appeared recently on SAPA-TV’s “Puggy’s Corner” program to provide an update on economic development activities in the Springfield Vermont region. Click on the link below to stream/view!
September 30, 2016
(the following was written by SRDC Executive Director Bob Flint for the Fall SRDC Newsletter)
The timing turned out to be coincidental, but within the span of a few weeks this summer, two projects that SRDC has invested significant time and resources in both crossed the proverbial finish line.
Blake Hill Preserves opened their new 6,000 square foot production facility and retail store in Artisans Park in Windsor and Konrad Prefab began operations in their new 17,000 square foot space in the Robert S. Jones Industrial Center in Springfield.
Both of these are case studies of what SRDC can do, from soup to nuts so to speak. I first met Vicky Allard and Joe Hanglin over two years ago when Terry McDonnell (the owner of Artisans Park) and I saw them at their home in Grafton. In the case of Konrad Prefab, I’ve known David Jaacks from the days of Kiosko and the seeds of his project started taking hold just over a year ago.
In both situations, our work included, in no particular order – site selection (including changing specs and communities), equipment financing, business plan development, project development (with, in both cases, dramatic changes in scope) and, ultimately, project financing and construction oversight. There were ups and significant downs and there were times when we were serving as “therapists” as much as an “economic developers” as we tried to hold things together.
SRDC is now the proud owner of the completed Blake Hill Preserves building in Windsor, the second property that we own in Artisans Park. And we are doing work at our Jones Center facility in association with the Konrad project. SRDC’s Heather Hartford and Chair Doug Gurney have been heavily involved in all of this as well.
Each of these projects also showcases the strong partnerships that SRDC is fortunate enough to have. VEDA (Vermont Economic Development Authority) is closely involved in both companies/projects and, as always, is ready to roll up their sleeves to help us find a way to make things work. The Towns of Windsor and Springfield were integral parts of these projects with direct assistance and support. Within the SRDC office, the Small Business Development Center and Procurement Technical Assistance Center are tied in with these businesses. We also are working with the Department of Economic Development on obtaining grants to assist with the companies’ workforce needs.
The ribbon cutting for the Blake Hill building will be next week, October 6th at 11 am and we will be holding a similar event for Konrad Prefab in the coming weeks. SRDC’s Annual Meeting (on November 1st at the Windsor Mansion Inn) will also be an opportunity to celebrate these success stories.
For us in the office, it’s gratifying to realize that we helped to facilitate each of these projects, both of which are adding new jobs to the economy in the region. We always remember that we don’t “create” jobs, businesses do. Hopefully, with Blake Hill Preserves and Konrad Prefab, we can safely say that we helped these two young companies launch major projects that will establish them as important employers in Southern Windsor County for many years to come.
September 27, 2016
The Vermont Small Business Development Center (VtSBDC) is offering a 4-hour workshop on how to start your own business and write a business plan. The course will be offered on Friday, October 14th, from 9 am – 1 pm, at the SRDC office at 14 Clinton Street in Springfield, VT.
Starting Your Own Business can be challenging…are you ready to turn your idea into a real business opportunity? This workshop, conducted by experienced business advisors, is designed as a guide for the first-time business owner. Your payment to attend includes a comprehensive start-up workbook, handouts, and resources in marketing, financing, management and operations. Highlights of the workshop include using the “Business Model Canvas” to evaluate whether there is a viable business in your good idea, identifying your target customers and your “unique selling proposition”, consider start-up costs, sales, expenses and financing options. Learn how to register your business, apply for tax numbers, ways to pitch your idea, develop a business plan plus more. By the end of this workshop you will be well-informed about the tools and resources available to you and the “Next 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 firstname.lastname@example.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 VTSBDC office is part of Springfield Regional Development Corporation, 14 Clinton Street in Springfield VT. For more information visit www.vtsbdc.org or contact Debra Boudrieau at (802) 885-2071 or email@example.com.
August 12, 2016
Springfield Regional Development Corporation (SRDC) is pleased to announce that Konrad Prefab will be starting manufacturing operations in the Robert S. Jones Industrial Center in Springfield in the next few weeks. Konrad Prefab is a locally-based company specializing in the design and production of display and modular units.
The purpose built units or environments, as they are referred to, will be used by customers for retail stores, trade show marketing, point of purchase displays and signage. Konrad Prefab will utilize new machinery to produce these environments, which require large format printing, fabrication of ACM and panel processing.
Financing for Konrad Prefab is being provided by Mascoma Bank and the Vermont Economic Development Authority (VEDA) with assistance from the Small Business Administration (SBA). Bob Flint, SRDC Executive Director, said that he appreciated the hard work that went into this project. He said, “We really want to thank Mascoma, VEDA and SBA, as well as the Town of Springfield, for their support of pulling the pieces together for Konrad Prefab.”
Company President David Jaacks estimates that Konrad Prefab will employ 10-12 people in the next 12 months with hopes for additional growth in the coming years.
June 30, 2016
SRDC recently completed a study of the region’s workforce as well as a business climate survey for Southern Windsor County. These projects were part of SRDC’s involvement in the East Central Vermont Economic Development District.
The reports incorporate input from 46 area companies, including in-person interviews with several key employers. Click on the links to read/download:
SRDC Business Climate Survey – 2016
SRDC Workforce Study – 2016
May 10, 2016
The River Valley Workforce Investment Board and Springfield Regional Development Corporation are co-sponsoring an informational workshop on Wednesday, May 25, 2016 from 8 – 9:30 am at the Holiday Inn Express in Springfield. The topic will be Adverse Childhood Experiences and the impact on the workforce for businesses in the region.
Bill Brown, an Area Manager and Counselor for Health Care & Rehabilitation Services (HCRS) will be presenting the program. Research has overwhelmingly demonstrated the connection between negative early life experiences and poor long-term outcomes in adulthood. Chronic toxic stress caused by Adverse Childhood Experiences, or ACEs, increases the likelihood that an individual will develop any number of a myriad of physical, mental, economic or social maladies later in life. In addition to the many health consequences, ACEs have a profound impact on workplace performance. The Center for Disease Control estimates that lifelong productivity loss associated with childhood maltreat costs the private sector approximately $83.5 billion.
Though well-established in academic circles, this information is only now beginning to trickle into the general population. This presentation will explore the body of research launched by the initial groundbreaking ACEs study. It will examine the process linking experiences to lifelong changes to health and wellness. Lastly, there will be a discussion about how early childhood adversity impacts performance in the workplace and strategies employers can use to mitigate these challenges.
The program is free of charge and open to the public. Please rsvp to Sandy at the SRDC office at 802-885-3061 or firstname.lastname@example.org
April 12, 2016
Springfield Regional Development Corporation, the Okemo Valley Regional Chamber of Commerce, the Springfield Regional Chamber of Commerce and the Vermont Futures Project are sponsoring a public discussion about the Vermont economy on Friday, May 13th, from 8 – 10 am at the Newsbank Conference Center on 352 Main Street in Chester. The event is for businesses and residents of Southern Windsor County.
The state’s economy is one of our most crucial and the least understood systems. The Vermont Futures Project was founded to conduct research and provide knowledge about the Vermont economy aimed at enhancing and sustaining a robust and growing economy. The Futures Project believes that Vermonters need a shared vision about the economy we want—one that is as strong as the vision we share for our environment.
To help build this vision, the Vermont Futures Project is holding a series of discussions around the state. The Chester event will build off the economic indicators in the Vermont Futures Project website, focusing in three broad areas: economic performance, workforce, and quality of place. The unique Vermont challenge is balancing the commitment to environmental responsibility, fairness to residents, and growth of opportunity.
The Vermont Futures Project, created by the Vermont Chamber Foundation, has already published a website of economic indicators at www.vtfuturesproject.org based on research funded by the Foundation and performed by the UMass Center for Economic Development. The indicators provide a profile of the economy, which the Foundation is committed to update annually for at least the next ten years.
The Foundation believes that achieving a shared vision, developing strategies, and accomplishing change in our economic future will take a decade or more—as the challenges facing the state in workforce, demographics, productivity, industrial mix, and infrastructure will take time to address. The indicators and vision are the first two portions of a three-phase project. The third area concerns economic development learning, strategy and policy development, and continual attention to the shared economy of Vermont.
This event is sponsored by Springfield Regional Development Corporation, the Okemo Valley Regional Chamber of Commerce and the Springfield Regional Chamber of Commerce and will be facilitated by Jeffrey Lewis and Jennifer Stromsten, of the Vermont Future Project. While attendance is free, for planning purposes, please rsvp at the SRDC office by calling 802-885-3061 or emailing email@example.com
March 24, 2016
Folks are starting to see some activity at the former Bryant Grinder building, which is owned by SRDC. We have several moving parts, which are starting to come together!
ENVIRONMENTAL – SRDC received a $200,000 EPA cleanup grant last year for this property. A partial draft Corrective Action Plan, focusing on the ends of the property, has been completed and we have bid out the first phase of asbestos abatement, which will take place in the south end of the existing building (the end towards the interstate). Dec-Tam, a firm from Massachusetts, is expected to start work during the week of April 11th. Some of the activity that has been going on involves arranging for temporary power for that end of the structure, to allow for this (the asbestos) work to proceed. The building was a shell, stripped of its wiring/infrastructure, when SRDC acquired it, so we’re having to put the pieces back together, for the spaces we’re going to retain. We also, recently, removed a large amount of hazardous wastes that had been left as well as performing other cleaning out of the south end area.
ROOFING – The areas we’re focusing on, to date (the north end, by the Police Station, which is currently rented by Imerys, for storage) and the south end, are the portions of the building in the best condition. As the locals will remember, those were the most recent additions and have held up the best in the years since the building was last heated. The Melanson Company has started doing repairs to the roof in the south end, to synchronize with the asbestos work that Dec-Tam is undertaking.
OTHER WORK – SOUTH END – We anticipate doing additional construction/demolition work this summer in the south end, to stabilize this area as well as preparing it for future use. There are roof breaches nearby and we need to move quickly to avoid any damage to the “good” parts of the building and separate it from the rest.
THE REST OF THE BUILDING – We are focusing on putting the ends of the building back together first, because they are in the best condition and have relatively minor environmental issues. A complicating factor, particularly parts of the rest of the building, is the disconnection of the roof drains from the Town’s stormwater system – something the State ordered to the Town to do prior to our acquiring the property, to allow the the community to renew its Downtown Designation. This has done a significant amount of structural damage to a large portion of the middle parts of the building. There are also more involved contamination concerns as well, which we are still working to assess.
HISTORIC PRESERVATION – SRDC has also retained a historic preservation consultant and has submitted a broader proposal to the VT Division of Historic Preservation that addresses the long-term plans for the property, which would result in removing roughly half of the current facility, resulting in 3 separate buildings. That proposal is currently under review.
SUMMARY – Our expectation is that SRDC will be investing around $500K into the Bryants building between now and Labor Day, mostly in the south end of the current structure. The intent is to have this area (which is app. 35K sf) available to market for redevelopment/reuse. We are in early conversations with some potential prospects and expect more to emerge as the space gets closer to being usable.
If anyone has any questions I can answer, feel free to email me at firstname.lastname@example.org or call 802-885-3061.
January 6, 2016
Older Posts »
The Vermont Employee Ownership Center (VEOC) is offering two free seminars in January. The first is aimed at business owners and key managers, and will focus on Employee Stock Ownership Plans (ESOPs) as a way to transition some or all ownership of a business. The second is a technical intro to employee ownership for business advisors that will give attendees the tools necessary to advise their clients about employee ownership as an option for their business succession plan. Lead presenters for both seminars will be Tabitha Croscut, a nationally-known ESOP attorney who is Managing Shareholder at Steiker, Greenapple & Croscut, P.C., and Chuck Coyne of Empire Valuation Consultants, a business valuator with over 25 years of professional experience providing financial consulting, business appraisals, ESOP feasibility and transaction consulting.
While attendance is free, advance registration is required.
The ESOP seminar for business owners and key managers will be offered in Windsor on Friday, January 29 from 10 AM to noon at the Windsor location of Harpoon Brewery (registration & details here).
Please note that ESOPs are generally only feasible in companies with at least 20 employees and an enterprise value of at least $2.5 million. In the near future, the VEOC will be presenting a seminar on an alternative for smaller companies: selling to employees using the worker cooperative structure. For more information: email@example.com
The seminar for business advisors will also be offered twice: in Burlington on Thursday, January 28 from 10:30 AM to 12:30 PM in the administrative offices of Gardener’s Supply Company (registration & details here), and in White River Junction on January 29 from 3:00 to 5:00 PM in the offices of Resource Systems Group (registration & details here).
Seminar co-sponsors are the Vermont Small Business Development Center, the Vermont Manufacturing Extension Center and the Regional Development Corporations of Vermont (of which SRDC is a member), with funding provided by the Vermont Agency of Commerce and Community Development.