Last week, Molly Lambert, State Director of the Vermont Rural Development State Office, (RD) joined me in hosting the state’s first “Intermediary Relending Program and Creative Financing Roundtable.” Meeting participants, including leaders from Vermont’s economic and community development centers, met at the Vermont Economic Development Authority office located in Montpelier, Vermont.
The purpose of the meeting was to explore ways to promote the distribution of more than $5 million in funds to Vermont’s rural small business entrepreneurs using the U.S. Department of Agriculture’s (USDA) Intermediary Relending Program (IRP). These enthusiastic participants, who have keen insight into the state’s industries and barriers to capital, learned that working collaboratively will benefit all Vermont communities.
During the opening part of the meeting, staff from the Vermont USDA State Office gave the state’s Intermediary Relending providers updates on the administration of IRP loans. The session then moved to a discussion of trends, observations, and economic opportunities for the small businesses in their respective areas. Read more »
Robert McDonald, Housing Program Director and Molly Lambert, State Director USDA Rural Development on front steps of Mountainside House Teen Center in Ludlow VT. USDA staff helped repair the building as part of June Homeownership Month activities.
There are several definitions of home. The one I think best fits the Mountainside House Teen Center in Vermont is “A familiar or usual setting: a congenial environment.” Read more »
Helping small- and medium-sized businesses export their products is a cornerstone of the President’s National Export Initiative (NEI), which aims to double U.S. exports by the end of 2014. The partnership between the Foreign Agricultural Service (FAS), non-profit U.S. agricultural trade organizations (called cooperators) and state regional trade groups (SRTGs) is essential to achieving that goal. The power of this partnership was clearly highlighted at the SIAL Canada trade show in Montreal, May 9-11, where the majority of the exhibitors at the USA Pavilion were small U.S. companies.
Among the SIAL Canada participants were the Vermont Agency of Agriculture, Food and Markets (VAAFM), and six Vermont food companies that produce products including artisan cheeses, croutons, jams, jellies, dips, sauces, specialty packaged maple syrups and premium spaghetti sauces. Although many of the companies are located less than an hour away from the Canadian border, few had previously considered exporting their products to Canada. Read more »
Value Added Producer Grant recipients in Vermont will use USDA support to increase on-farm production of dairy products. (Photo taken by a USDA employee)
It was a snow day in New England, but up in the Northeast Kingdom of Vermont, in the little town of Hardwick, several people were gathered at the VT Food Venture Center, a local food incubator, to sign USDA Value Added Grant papers for the new businesses they are starting up.
The Michaud family of East Hardwick is launching Kingdom Creamery of Vermont, LLC. out of their newly finished processing facility on their dairy farm. They are producing ice cream, yogurt and a soft serve mix for local retailers. They received a USDA Value Added Producer grant for working capital purposes for marketing, processing and purchasing packaging and production inventory. Read more »
Mark Twery, a supervisory research forester on the Northern Research Station
How does a former dancer and theater technician end up in a career in forestry? Meet Mark Twery, a supervisory research forester on the Northern Research Station in Burlington, Vt., who is not only all of the above, but loves his unique job that incorporates forestry with dance. Read more »
Reduced Turbines on Western Ridge, Harriman Reservoir, Vermont. Photo courtesy of Iberdrola Renewables.
The U.S. Forest Service has approved construction of a wind energy facility on the Green Mountain National Forest in Vermont. Read more »