Condo Media - July 2014 - 23

VERMONT

C A I

Small Businesses to Benefit From Economic Development Funding

* $810,000 to partially insure a
working capital line of credit to
Vermont Machine Tool Corp. in
Springfield. The company plans to
increase its workforce from 19 to
32 within three years;

* $3.1 million in financing for
VEDA's agricultural loan program,
which supports farmers;
* Approximately $640,000 for the
Small Business Loan Program,
which provides funding to small
businesses unable to obtain conventional financing from banks.
Among the companies receiving
that funding: Hill Farmstead will
receive about $350,000 to partially fund a project construction
of a new brew house; Britch &
Sons Welding & Fabrication Inc.
is getting $25,000 toward the

construction of a new garage; and
Rutland Plywood Corp. will get approximately $115,000 toward the
financing of a project to upgrade its
operating systems.
Separately, VEDA will be receiving
about $1 million in federal funding
for small businesses under the Farm
Bill, which Congress recently voted
to extend for another year. VEDA
has received a total of $10 million
in Farm Bill funding over the past
25 years, providing small business
loans to more than 240 Vermont
companies. CM

Association Lending & Services

Financing Solutions
17 Decades Deep
Looking for financing to address capital improvements or repairs?
Come to a bank where the tradition of valuing the customer runs
pure and deep. For association loans, remote deposit capture,
online cash management and more, contact Lisa Allegro at
860-208-1225 or Lisa_Allegro@banksi.com today.

Member FDIC
Equal Housing Lender

www.savingsinstitute.com

Condo Media * July 2014

23

N e w s

T

he Vermont Economic Development Authority (VEDA)
has approved $4.5 million in
financing to support economic
development projects throughout the
state. Most of the funds will provide
loans for manufacturing and agricultural ventures and small businesses.
The agency has allocated:

R e g i o n a l

Financing Boost



http://www.savingsinstitute.com

Condo Media - July 2014

Table of Contents for the Digital Edition of Condo Media - July 2014

Condo Media - July 2014
Table of Contents
From the CED’s Desk
President’s Message
CAI News
CAI Regional News
Asked & Answered
Homeowner’s Corner
Looking for Alternatives
Vendor Spotlight
Volunteer Spotlight
Legal
Insurance
Finance
Management
2014 CAI-NE Financ-Reserves Directory
Classified Service Directory
Advertisers Index
Condo Media - July 2014 - Condo Media - July 2014
Condo Media - July 2014 - Cover2
Condo Media - July 2014 - Table of Contents
Condo Media - July 2014 - From the CED’s Desk
Condo Media - July 2014 - 3
Condo Media - July 2014 - President’s Message
Condo Media - July 2014 - 5
Condo Media - July 2014 - CAI News
Condo Media - July 2014 - 7
Condo Media - July 2014 - 8
Condo Media - July 2014 - 9
Condo Media - July 2014 - 10
Condo Media - July 2014 - 11
Condo Media - July 2014 - 12
Condo Media - July 2014 - 13
Condo Media - July 2014 - 14
Condo Media - July 2014 - 15
Condo Media - July 2014 - CAI Regional News
Condo Media - July 2014 - 17
Condo Media - July 2014 - 18
Condo Media - July 2014 - 19
Condo Media - July 2014 - 20
Condo Media - July 2014 - 21
Condo Media - July 2014 - 22
Condo Media - July 2014 - 23
Condo Media - July 2014 - Asked & Answered
Condo Media - July 2014 - 25
Condo Media - July 2014 - Homeowner’s Corner
Condo Media - July 2014 - 27
Condo Media - July 2014 - Looking for Alternatives
Condo Media - July 2014 - 29
Condo Media - July 2014 - 30
Condo Media - July 2014 - 31
Condo Media - July 2014 - 32
Condo Media - July 2014 - BI1
Condo Media - July 2014 - BI2
Condo Media - July 2014 - 33
Condo Media - July 2014 - Vendor Spotlight
Condo Media - July 2014 - 35
Condo Media - July 2014 - Volunteer Spotlight
Condo Media - July 2014 - 37
Condo Media - July 2014 - Legal
Condo Media - July 2014 - 39
Condo Media - July 2014 - Insurance
Condo Media - July 2014 - 41
Condo Media - July 2014 - 42
Condo Media - July 2014 - 43
Condo Media - July 2014 - Finance
Condo Media - July 2014 - 45
Condo Media - July 2014 - Management
Condo Media - July 2014 - 47
Condo Media - July 2014 - 48
Condo Media - July 2014 - 49
Condo Media - July 2014 - 2014 CAI-NE Financ-Reserves Directory
Condo Media - July 2014 - 51
Condo Media - July 2014 - 52
Condo Media - July 2014 - 53
Condo Media - July 2014 - 54
Condo Media - July 2014 - 55
Condo Media - July 2014 - 56
Condo Media - July 2014 - 57
Condo Media - July 2014 - Classified Service Directory
Condo Media - July 2014 - Advertisers Index
Condo Media - July 2014 - 60
Condo Media - July 2014 - 61
Condo Media - July 2014 - 62
Condo Media - July 2014 - 63
Condo Media - July 2014 - 64
Condo Media - July 2014 - Cover3
Condo Media - July 2014 - Cover4
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