A dairy processing plant in Brattleboro; a food processing center in Hardwick; a slaughterhouse in Westminster; and a Barre facility that recycles furniture and other goods for distribution to needy Vermonters were among more than $3 million in job creation grants announced today. At a ceremony at Recycle North s new facility in a former granite shed in Barre, Governor Jim Douglas announced the award of $3.3 million in Community Development Block Grants for those projects, as well as others. These grants are a great resource for companies, municipalities and organizations looking to grow and answer their unique challenges and needs, said Governor Douglas. I m pleased to honor each of these recipients today with grants that will help with planning, redevelopment, expansion, handicap accessibility and more. These recipients are very deserving of our support. All of today s recipients are making a positive and important contribution to our economy and our state s well-being. These projects will create jobs and opportunities, Governor Douglas continued. The town improvements being funded with these grants will put Vermonters to work and improve our communities. The specialty food products and opportunities being created and expanded with this money will help create jobs and give Vermonters a chance to realize their entrepreneurial dreams. Access to meat and dairy processing equipment is essential to farmers, especially during this difficult economic time. And certainly access to affordable housing that is close to schools and services is something I ve been very supportive of.Today s grants were awarded to the following towns, businesses and organizations:$650,000 implementation grant to the Town of Hardwick to be sub-granted to Northern Enterprises for construction of the Vermont Food Venture Center 2, a multi-purpose food processing facility in the Hardwick Industrial Park. 19 jobs will be created of which 10 will be to individuals with low- to moderate- incomes.$648,000 grant to the Town of Westminster to be loaned to Vermont Meats to retrofit and equip an existing facility located on Back Westminster Road to be utilized as a meat and poultry slaughter and processing facility. 15 jobs will be created of which 12 will be available to low- and moderate- income individuals.$600,000 implementation grant to the Town of Brattleboro to be loaned to Commonwealth Yogurt to purchase specialized equipment for a Class II Dairy Processing facility. Using conventional, rBST free, and organic milk the facility will produce cultured products, primarily yogurt for private label retail and wholesale customers as well as co-pack production for major national brands. 25 jobs will be created of which 14 will be low- to moderate- income individuals.$590,000 grant to the Town of Randolph for Randolph Area Community Development Corp to rehabilitate the former Ethan Allen plant. This project called Salisbury Square redevelopment is a mixed use, mixed-income project that will include 22 homes, 14 rental units and 1200 square feet of office space on the blighted property adjacent to downtown.$300,000 grant to the Village of Swanton to be given as a deferred loan to Champlain Housing Trust and Housing Vermont to construct 16 units of affordable rental housing known as Blake Commons. The vacant in-fill lot is situated near services, schools and recreation making it an ideal location for new housing.$294,820 grant to the City of Barre to be sub-granted to ReCycle North to purchase and renovate a historic granite shed in downtown Barre, cleanup contamination on the site, create classrooms and training spaces, and develop an efficient marketplace for reuse and processing areas to distribute goods to people in need. 10 jobs will be created of which 6 will be filled by low-to-moderate income individuals.$200,000 grant to the City of Montpelier to be sub-granted to Home Share of Central Vermont for service in Washington County and expanding into Orange and Lamoille Counties. This will allow Home Share to support 80 home share matches which will directly benefit 196 individuals.$30,000 planning grant to the Town of Hartford to be sub-granted to the Green Mountain Economic Development Corporation to create a plan for the redevelopment of Prospect Street in White River Junction.$24,900 access modification grant to the Town of Randolph to provide accessibility to the Randolph Municipal Building and bring it into full ADA compliance with state and federal regulations.$20,000 planning grant to the Town of Brighton to develop a plan to integrate the Island Pond commercial downtown with Island Pond Lake front by re-designing and improving the existing 5-acre Lakeside Park.The Agency awards the competitive grants based on recommendations of the Vermont Community Development Board and approval of Commerce and Community Development Secretary Kevin Dorn.For information about the Vermont Community Development Program, please see the Agency of Commerce and Community Development website at: http://www.dhca.state.vt.us/VCDP/index.htm(link is external)Source: Governor’s office, July 7, 2009
1. You justify your purchasesDon’t try to rationalize those unnecessary purchases. On some level, we are all guilty of this. Between “I deserve this” and “I need this,” we’re constantly making excuses for spending money. This doesn’t mean you can’t treat yourself, but do it affordably and make sure you budget for it.2. You refuse to address your debtThe first stage of grief is denial and dealing with debt can look very similar. Do not ignore your debt. As difficult as it is, you need to face your debt head on. Understand what you owe and create a plan of attack so you don’t have to experience the four remaining stages.3. You are an impulse spenderWith next day shipping and one-click shopping this has never been a more prevalent issue for consumers. These purchases are beyond even trying to justify, even if that Ewok dog costume is on sale and its adorable. That impulse is what is hurting your wallet. Try holding off on some purchases unless you’ve given them some thought. By all means that Ewok costume may be a need for you, but sometimes spending some time thinking about a purchase will help you remember that you don’t even own a dog.4. You assume you are going to make more laterA great example of this is taking on student loans. Most students don’t have a choice if they want to go to college, and are now graduating with debt upward of $40,000 in hopes that they can land a job that will pay them enough to pay it back. In other cases, people are making purchases because they think they will be up for a promotion or have a raise around the corner. Even if all of these things do come to fruition you will still be paying more in interest than you would if you’d just wait.5. You often dip into savings for expensesJ.P. Morgan has a famous quote where he said, “if you have to ask how much it is, you can’t afford it.” When you look at a price tag and immediately start thinking about how to move money around, take a step back. Once that money goes into your savings, it should disappear from your thoughts. The only time you should ever spend money from savings is when something happens that makes it necessary to use your emergency fund. 53SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Tyler Atwell Web: www.cuinsight.com Details
Border to Coast Pensions Partnership, one of eight asset pools created by UK local government pension schemes, recently revealed it was looking to establish a dedicated allocation to Chinese equities.“Right now, the most noticeable changes are taking place in the All-Shares space”Weichen Ding, senior associate at bfinanceWeichen Ding, senior associate at bfinance, said: “More investors are beginning to take a strategic approach, as one might traditionally do with markets such as Japan, Europe and the US.”He added that investors currently examining this space “will encounter a landscape of products and strategies that has changed a great deal during the last five years”.He continued: “Right now, the most noticeable changes are taking place in the All-Shares space – there are still fewer than 20 strategies, but more than 30 managers are able and willing to offer this strategy to prospective clients, for example, by combining existing onshore and China offshore capability together.”In its report, bfinance noted that the universe of nascent and potential All-Shares strategies opened the door to “very attractive pricing”. Clients willing to seed new strategies could obtain fees of 30-55bps or even lower, it said.‘Outstanding performance’According to bfinance, the market turmoil of 2020 has “showcased diversification”, with a clear divergence between Chinese equities and global emerging markets in the first quarter. While the MSCI EM index lost 23.6%, the MSCI China A index lost just 9.72% and the MSCI China index (largely offshore) lost 10.22%, it said.According to its report, active managers have demonstrated “outstanding alpha generation”, particularly in onshore markets – the average A-Shares manager delivered 5.3% per year over the last five years versus -6.2% for the MSCI A-Shares index.Kristjan Mee, research and analytics strategist at Schroders, said that as the initial epicentre of the coronavirus outbreak back in January, China has also been the first country to ease lockdowns and other containment measures.“As a result, Chinese stocks have held up better than most other global equity markets on a year-to-date basis; and this has spurred investors’ interest in China equities,” he explained.He warned, however, that an investment strategy should not be based on short-term developments, especially as the ultimate effects of the coronavirus crisis are still unclear.“That being said, there are good reasons why Chinese equities, specifically the mainland markets of Shanghai and Shenzhen, offer attractive opportunities to investors looking to strategically position their portfolios for better times,” he added. Investors are re-assessing their approach to investing in Chinese equities, supported by fundamental shifts in asset management offerings, consultancy bfinance has said. In a report, it said an ongoing re-evaluation of investment strategy was called for by the growth of China’s equity markets, both in terms of global index weightings and overall market capitalisation.While four in five investors still obtained their China equity exposure solely through global emerging market (GEM) equity strategies, bfinance clients were increasingly using dedicated China equity strategies.This could be by adding A-Shares for onshore equity exposure alongside GEM strategies, the latter being primarily focused on offshore securities, or carving out all Chinese equity exposure to be managed through China ‘All-Shares’ strategies, which blend onshore and offshore together.