ShopRite and MyWebGrocer Launch Social Networking Site for Retail Grocery: ShopRite.MyBaby.com

first_imgColchester, VT November 5, 2007Life for new parents just got a little easier, and customer communication just improved for the customers of ShopRite supermarkets. MyWebGrocer of Colchester, VT and ShopRite of New Jersey announced the arrival of ShopRite.MyBaby.com, a grocery social networking site for parents. ShopRite.MyBaby.com is a place where parents can organize, share, discuss, and find things to do with their kids. ShopRite.MyBaby.com was launched October 31, 2007.Rebecca Roose, Marketing and Account Manager for MyWebGrocer, said, ShopRite.MyBaby.com is about building bridges. As anyone whos been a parent knows, information and advice are critical, especially when you have an infant, so were building an e-bridge for parents to use with each other to share information. In addition, were building a bridge between these parents and ShopRite, who can use the site to let parents know what child-oriented specials are available at their online store. And were building a bridge between consumer products goods companies (CPGs) who advertise on this site, and these customers. ShopRite.MyBaby.com fosters a genuine back-and-forth dialogue between the CPGs and the parents who use and rate, their products.MyBaby.com differs from other parenting social networking sites by aggregating a full range of information and networking possibilities for parents, such as advice, blogging, photo and video sharing and organizing, personalized homepages, event listings and grocery shopping.Vice President of Sales, Curt Alpeter added, We are excited to have ShopRite, with over 200 store locations, join the MyBaby social networking platform. ShopRite.MyBaby.com will drive loyalty and conversations within the affluent Northeast.By providing a forum for parents to meet and share, ShopRite.MyBaby.com helps us engage our customers in the all-important dialogue about raising healthy kids, stated Joe Colalillo, chairman and CEO of Wakefern Food Corporation, the marketing and distribution arm for ShopRite. The site gives us one more chance to provide information and convenience to our customers. Some facts about social networking:” Outside of search engines, Social Networking sites account for more Web traffic than any other type of Web sites.” Social networking sites such as Google’s You Tube and News Corp.’s MySpace.com have begun displacing portals such as Yahoo as the new home base for Internet users.” Two-thirds of all U.S. economic activity is influenced by shared opinions about a product, brand, or service” Linked consumers are like-minded, and like-minded consumers tend to buy the same products.Some facts about the buying power of moms: ” Moms control 1.7 trillion dollars in US spending annually.” Moms control 80% of all household spending.” Moms on average spend more time online then watching TV, reading magazines and listening to the radio combined.For more information about ShopRites social networking site, please go to ShopRite.MyBaby.com About ShopRite: ShopRite supermarkets are members of Wakefern Food Corporation, a retailer-owned cooperative with stores throughout New Jersey, New York, Pennsylvania, Connecticut, and Delaware. ShopRite serves more than 4 million customers each week. A long time supporter of community efforts, ShopRite has been named the New Jersey Corporate Philanthropist of the Year by the Community Foundation of New Jersey. Americas Second Harvest Food Bank Network also has recognized ShopRite as the Grocery Distributor of the year for its ShopRite Partners In Caring program, a year-round initiative dedicated to fighting hunger in the communities served by ShopRite. Since its inception, ShopRite Partners In Caring has donated $15 million to more than 1,400 charities.About MyWebGrocer: MyWebGrocer has been helping grocery retailers find profit in the online shopping world since 1999. Based in Colchester, Vermont, MyWebGrocer is the industry leader in providing web services solutions to 80 grocery chains such as Lowes, ShopRite, Brookshire Grocery, King Kullen, and Heinens. “We Make Online Shopping Work” is the company’s slogan. Founded by Rich Tarrant, MyWebGrocer institutes e-commerce programs, provides web site design, hosting, creates e-mail campaigns, and furnishes online circulars and recipes for more than 80 leading grocery chains. For more information please visit http://www.mywebgrocer.com(link is external)last_img read more

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Exterus has added pre-owned furniture to their web site

first_imgExterus Business Furniture of Shelburne is proud to announce some exciting new updates to their web site, www.exterusfurniture.com(link is external). The web site features product listings, service offerings, product brochures and project profiles.Among the changes are a listing of pre-owned furniture, including seating, desking, tables and storage. Included with the listing is a photo of the item and pricing. The majority of the furniture is demo pieces that were located in our showroom.Exterus is also featuring a “Find the Pint” contest on our web site. Visitors are encouraged to browse the site looking for the pint of Ben & Jerry’s ice cream. If they locate the pint, they are awarded coupons for two free pints of Ben & Jerry’s Ice Cream!As a frontrunner in the Vermont Office Furniture industry, Exterus is confident with the steps we are taking to differentiate ourselves from the competition and to offer competitive pricing and quality service. Visit us online at www.exterusfurniture.com(link is external) or stop in to view our furniture showroom at 4750 Shelburne Road, Shelburne, VT 05482. Showroom hours are M-F, 8am – 5pm.last_img read more

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Blue Cross and Blue Shield of Vermont to Bring Renowned Wellness Expert to Department of Health Conference

first_imgBlue Cross and Blue Shield of Vermont to Bring Renowned Wellness Expert to Department of Health ConferenceBurlington, VT – The Vermont Department of Health will hold its 2008 Work Site Wellness Conference, part of the “Fit & Healthy Vermonters Program,” on Tuesday, October 7 at the Hilton Hotel in Burlington. The appearance of noted wellness expert Michael Samuelson as conference keynote speaker is made possible by major sponsor Blue Cross and Blue Shield of Vermont.Samuelson is President and CEO for The Health & Wellness Institute (HWI), affiliated with Blue Cross and Blue Shield of Rhode Island. Samuelson is widely published and is a frequent director, consultant, and advisor to numerous prestigious boards and organizations including The Men’s Health Network, The Business Innovation Factory, The HERO Forum for Optimal Employee Health, The Lance Armstrong Foundation and The Department of Defense.A graduate of the University of Michigan with a MA degree in Education, Samuelson has appeared on over 200 television and radio stations throughout North America and has been interviewed by numerous print publications including Newsweek, USA Today, and The Wall Street Journal. His work in the area of behavior change, health economics and healthcare consumer advocacy has been featured on the ABC News program, 20/20, The CBS Morning Show, CNN, and MSNBC.Governor James Douglas will recognize worksite wellness “best practices” by awarding the 2008 Governor’s Council on Physical Fitness and Sports Worksite Wellness Awards. Other speakers include Vermont Commissioner of Health Wendy Davis, MD, and representatives of winning organizations who will share their secrets.For more information about the program, call 802-863-7606 or visit http://healthvermont.gov/family/(link is external)fit/worksitewellness.aspx. Registration is $75 per person or $50 per person for members of the Vermont Human Resources Association or employees from a work site that applied for a 2008 Governor’s Council on Physical Fitness and Sports Work Site Wellness Award. The deadline for registration isSeptember 23, 2008.Blue Cross and Blue Shield of Vermont is the state’s oldest and largest private health insurer, providing coverage for about 180,000 Vermonters. It employs over 350 Vermonters at its headquarters in Berlin and branch office in Williston, and offers group and individual health plans to Vermonters. More information about Blue Cross and Blue Shield of Vermont is available on the Internet at www.bcbsvt.com(link is external). Blue Cross and Blue Shield of Vermont is an independent corporation operating under a license with the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans.(End)last_img read more

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Union Bankshares Announces Fourth Quarter and Year End 2008

first_imgMorrisville, VT January 21, 2009 – Union Bankshares, Inc. (NASDAQ – UNB) today announced net Income for the fourth quarter of 2008 was $1.34 million or $.30 per share compared to $1.51 million or $.34 per share for 2007.  Net income for the year ended December 31, 2008 was $5.11 million or $1.14 per share compared to $5.66 million or $1.25 per share for the same period in 2007. Results for 2008 reflect a year to year decrease in net interest income of $501 thousand or 2.8%. The loan portfolio grew $35.1 million or 11% which caused an increase of $70 thousand in the loan loss provision. There was a writedown of $512 thousand in the third quarter on two available-for-sale investments in corporate bonds due to impairment in value.  And, there was an increase in other expenses partially offset by an increase in trust and fee income, an increase in tax exempt income from life insurance and a reduction in the provision for federal income taxes.During 2008, Union Bankshares’ subsidiary, Union Bank, opened two new full service branches in St. Albans and Danville, Vermont.  Total loans grew to $353.3 million at December 31, 2008 versus $318.2 million at December 31, 2007.  Total deposits at December 31, 2008 were $364.4 million compared to $324.0 million at December 31, 2007. Union Bankshares, Inc. made the decision in early November, 2008 to not participate in either the Troubled Asset Purchase Program or the Capital Purchase Program from the U.S. Treasury.  We are participating in the Temporary Liquidity Guarantee Program regarding the noninterest bearing deposit account guarantee available through the Federal Deposit Insurance Corporation but opted out of the unsecured debt guaranty portion of that program.A quarterly cash dividend of $.28 per share was declared on January 21, 2009 to shareholders of record January 31, 2009, payable February 11, 2009.  Total dividends paid per share for 2008 and for 2007 were $1.12.Union Bankshares, Inc., with headquarters in Morrisville, Vermont is the bank holding company parent of Union Bank, which offers deposit, loan, trust and commercial banking services throughout northern Vermont and northwestern New Hampshire.  As of December 31, 2008, the Company had approximately $439 million in consolidated assets compared to $393 million at the end of the prior year.  The Company operates 14 banking offices and 30 ATM facilities in Vermont, a branch and ATM in Littleton, New Hampshire.  The Company had capital of $41.5 million with a book value per share of $9.28 as of December 31, 2008.Statements made in this press release that are not historical facts are forward-looking statements.  Investors are cautioned that all forward-looking statements necessarily involve risks and uncertainties, and many factors could cause actual results and events to differ materially from those contemplated in the forward-looking statements.  When we use any of the words “believes,” “expects,” “anticipates” or similar expressions, we are making forward-looking statements.  The following factors, among others, could cause actual results and events to differ from those contemplated in the forward-looking statements:  uncertainties associated with general economic conditions; changes in the interest rate environment; inflation; political, legislative or regulatory developments; acts of war or terrorism; the markets’ acceptance of and demand for the Company’s products and services; technological changes, including the impact of the internet on the Company’s business and on the financial services market place generally; the impact of competitive products and pricing; and dependence on third party suppliers.  For further information, please refer to the Company’s reports filed with the Securities and Exchange Commission at www.sec.gov(link is external).last_img read more

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Vermont seeks $125.6 million to fund rail upgrades

first_imgThe Vermont Agency of Transportation has announced the submission of two preliminary applications for federal stimulus money to fund $125.6 million in rail-bed upgrades. If approved, the upgrade projects would enable faster and expanded passenger train service across the state.The first application seeks $50.9 million to improve the rail line running from Swanton to Massachusetts through Essex and White River Junction, with the objective of increasing passenger train speeds to 59 mph, or even 79 mph through certain sections.The second application seeks $36 million to repair tracks between Burlington and Rutland and $38.7 million to upgrade the tracks south to Bennington and west to Hoosick, NY – also with the goal of allowing trains to travel at 59 mph.Vermont’s applications were made in tandem with proposals from all of the other New England states, in an coordinated effort to provide federal officials with projects that would complete an already established regional network. Working together, the six states are aiming for double ridership by 2030, along with increased freight movement. The best way to develop and expand important high-speed and intercity rail systems to their greatest potential is by working in close coordination with our New England neighbors said Governor Jim Douglas. The health of New England s economy and its environment is highly dependent on all states working together because of the proximity and interdependence of our major cities and towns.With the application process underway, the New England states will compete for shares of $8 billion allocated by Congress towards the development of high-speed and inner-city rail projects, with the twin goals of job creation in the short term and economic growth in the long term. In August, the six states will meet in Vermont at a high -peed rail summit to continue their campaign for enhanced high-speed rail across New EnglandPassenger rail along Vermont western corridor was recently thrown into jeopardy by this year’s budget cuts, but the state even found the money to continue subsidizing Ethan Allen, thanks partially to increased ridership.Final applications are due in September, with winners chosen in November. If Vermont is selected, work would begin in the Spring of 2010.The six key projects are listed, as outlined from a vision statement released by the six New England Governors.The Downeaster service which operates on a route included in the Northern New England High Speed Rail Corridor between Boston and Portland is a national model for the successful introduction of new intercity passenger rail service. The states along the Downeaster Route are working together to improve the infrastructure with the goal of reducing the travel time between Boston and Portland to two hours and increasing capacity to support 7 daily round trips.New Hampshire s Capital corridor will create easily accessible passenger rail service for more than 500,000 residents of Southern New Hampshire with stops in the cities of Concord, Manchester, Nashua and Boston. The rail line will also stop at Manchester-Boston Regional Airport, creating a much-needed connection for tourists and travelers from across northern New England. Eventually, this service will extend north to White River Junction, VT and to Montreal fulfilling the vision of this designated High-Speed Rail Corridor. .Vermont s Western Corridor will provide direct service down the western side of the state connecting Burlington, Rutland, and Bennington with Albany and New York City via the Empire Corridor.Massachusetts will return the Vermonter to its original route through western Massachusetts via the Knowledge Corridor.  This effort, supported by the State of Vermont, is a vivid example of the ongoing collaboration of two states working together to improve service and increase the number of rail passengers. The Knowledge Corridor between Springfield and White River Junction provides connection between the Boston to New Haven and the Boston to Montreal legs of the Northern New England High Speed Rail Corridor.Through Connecticut s leadership, the group will work double track and replace bridges on the Springfield Line that serves the cities of New Haven, Hartford, and Springfield in order to provide the foundation for the larger rail network. Expanded train service will provide key connections between New York City, Bradley International Airport and will allow further development of the inland high speed rail line between Boston and New York.Providing the connection between Providence and Boston to TF Green Airport in Rhode Island via the Northeast Corridor as well as enhancing passenger service south of Providence will build on the long term transportation partnership between Rhode Island and Massachusetts. In addition, Rhode Island is working with Amtrak on capacity improvements along the Northeast Corridor in Southern Rhode Island that will permit bi-directional overtakes for intercity passenger rail, benefiting all users of the corridor while providing for future commuter rail infrastructure at Kingston Station.Other projects the states will pursue include the development of corridor plans for the Boston to New Haven and Boston to Montreal segments of the Northern New England High Speed Rail Corridor via the Inland Route through Worcester and Springfield. The Inland Route is also important as New England s largest freight rail corridor. Maine, New Hampshire, Vermont and Massachusetts will develop corridor plans for the northern half of the Northern New England High Speed Rail Corridor, which extends from Boston to Portland and beyond and from Boston through Concord, NH, Vermont and terminating in Montreal.  Massachusetts will continue its investment in the South Coast Rail project and continues to be supportive of building a connection between the North and South regional rail networks.For decades the New England states have successfully worked through the Coalition of Northeastern Governors (CONEG) to promote promoting passenger rail service in the Northeast. The completion for the electrification of the Northeast Corridor in 2000 is a prime example of the successful long term advocacy for passenger rail. The development of the Northern New England High Speed Rail Corridor will fill in the gaps of the region s network and be a critical element in achieving the Northeast Governors goal to double passenger ridership in the northeast corridor by 2030.Source: press releaselast_img read more

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St Johnsbury hospital leverages energy efficiency as prescription for saving $47,000

first_imgNortheastern Vermont Regional Hospital,At Northeastern Vermont Regional Hospital (NVRH), energy efficiency supports NVRH’s mission to provide high quality healthcare services that are focused on community needs at the lowest cost consistent with excellent care. To increase savings and comfort for both patients and staff, NVRH and its team of design engineers collaborated with Efficiency Vermont on its latest project, a large-scale expansion and renovation that enhances 33,000 square feet of the facility.Located in Vermont’s Northeast Kingdom, NVRH is a community, nonprofit, acute care, and critical access hospital. NVRH has long recognized the role energy efficiency can play in helping achieve the patient care mission.‘It was really a no-brainer to upgrade our older, energy-inefficient equipment and lighting to newer, more efficient options,’ said Richard Degreenia, director of plant operations at NVRH. ‘We’re cutting energy costs so we’re better able to serve our community ‘ the patients who come here every day for the best medical care.’NVRH undertook its expansion to improve accessibility and workflow and also to create additional space for treatment rooms, including the hospital’s X-ray area and day-surgery unit. Expanded office space, nurses’ stations and waiting rooms are also now part of the hospital’s enhanced space.  Expansion typically means consuming more energy, but NVRH was able to make significant expansions without increasing energy costs. Working together, NVRH and Efficiency Vermont identified cost-effective energy solutions that would not only benefit the hospital financially, but also improve comfort for employees and patients. Adding a more efficient lighting design and upgrading the hospital heating, ventilation and air conditioning (HVAC) system were at the crux of the work.All told, the lighting and HVAC measures help NVRH save 431,000 kWh annually, which translates to an estimated cost savings of more than $47,000.HVAC upgrades significantly contributed to those savings numbers. NVRH switched from using a constant-volume air system to a variable-air volume system, also called a VAV system. A VAV system offers two primary advantages: the fan capacity control allows the hospital to control fan speed, reducing energy consumed by fans, which can be a substantial part of the total cooling energy requirements of a building. Another advantage is more efficient temperature control.NVRH engages in ‘daylight harvesting,’ using sensors and controls to keep lights off when the natural illumination from skylights will provide sufficient light levels. NVRH also installed lighting monitors in public spaces, like lobbies. The monitors lower light levels in the absence of activity ‘ for example, when someone leaves a room, or area. This energy-smart approach to lighting was achieved by thinking about energy efficiency and incorporating ideas early on in the design process.”When a design team brings in Efficiency Vermont from the start, we’re able to work together to find the greatest energy savings at the lowest possible cost to the building owner,” said Sheryl Graves, energy consultant at Efficiency Vermont. “That’s because the planning stage is the most cost-effective time to incorporate efficiency. It’s a great feeling to support the design team’s vision for a building that will mean significantly lower overhead for the owners for years to come.”NVRH has worked with Efficiency Vermont since the organization’s inception in 2000, joining several Vermont hospitals that have taken the initiative to install energy-saving measures in partnership with the energy efficiency utility.After nearly a decade of energy efficiency work, NVRH’s Degreenia still has more projects on his mind, including a potential LED installation for the hospital building and parking lot lighting. Degreenia and his team have realized that continuous energy-efficient improvements provide a mechanism not only to achieve business goals, but to serve the patients and employees who come to NVRH every day.Efficiency Vermont was created by the Vermont Legislature and the Vermont Public Service Board to help all Vermonters reduce energy costs, strengthen the economy, and protect Vermont’s environment. Efficiency Vermont is currently operated by Vermont Energy Investment Corporation (VEIC), an independent organization under contract to the Vermont Public Service Board. VEIC is a Vermont-based nonprofit organization founded in 1986. For more information, contact Efficiency Vermont at 888-921-5990 or visit www.efficiencyvermont.com(link is external).last_img read more

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VBSR among 14 major business groups to support Clean Air Act

first_imgToday, the EPA and the Clean Air Act got a huge boost from large and small US companies, when over 60,000 firms represented by 14 business organizations told Congress to keep the Environmental Protection Agency (EPA) and Clean Air Act strong.At the same time, the groups expressed concern that the EPA’s half-year delay of pending ozone (smog) rules will be costly to US companies. The delay could result in higher health costs due to increased employee sick-day absenteeism and related medical costs borne entirely or partially by small and large US companies.The groups’ joint letter (http://www.abce.us/(link is external)) reads in part as follows: “â ¦ (S)mall business owners support some of the key strategies needed to reduce pollution and transition to a clean energy economy. A recent national poll of small business owners conducted by Small Business Majority â ¦ found that 61 percent of respondents agree that moving the country to clean energy is a way to restart the economy and make their businesses more competitive in the global economy, and that 50 percent support comprehensive clean energy and climate policy … Larger businesses also support EPA’s authority under the Clean Air Act and understand that it has spurred innovation and economic value for the U.S.”Christopher Van Atten, spokesperson, American Businesses for Clean Energy, said: “The business case for a vigorous EPA enforcing well designed and efficient Clean Air Act rules is clear. We support policy measures that will create new economic opportunities and drive the transition to a clean energy economy. This includes support for the adoption of effective federal climate legislation, EPA regulation of greenhouse gas emissions, and regulation of NOx, SO2, mercury, and other hazardous air pollutants from power plants and industrial sources. Business leaders need long-term policies that will provide the foundation for economic growth and prosperity. Blocking, delaying or weakening the Clean Air Act will only serve to set us back as we strive to build a new, strong and innovative economy.”John Arensmeyer, founder and CEO, Small Business Majority: “Our research confirms that small business owners support moving the country to clean energy. They understand the connection between a clean energy economy and small business growth. Our research also shows that the Clean Air Act’s economic benefits have been significant, and anything limiting the EPA’s ability to regulate greenhouse gases could negatively affect businesses small and large. In this economic climate, small businesses need all the help they can get to stay competitive in a global economy.”Richard Eidlin, director, business engagement, American Sustainable Business Council, said: “The Clean Air Act provides lawmakers with an example of how responsible environmental measures can both foster new industries and send a clear market signal to investors and entrepreneurs that innovation and investment in the clean energy sector is good business. As owners, employees and investors in sustainable businesses, we urge Congress to uphold the Environmental Protection Agency’s ability to regulate carbon emissions as authorized by the Clean Air Act.”The 14 leading U.S. business groups joining together to support the Clean Air Act are:Small Business Majority;Main Street Alliance;American Businesses for Clean Energy;Businesses for Innovative Climate and Energy Policy (BICEP);American Wind Energy Association;American Sustainable Business Council;Manhattan Chamber of Commerce;South Carolina Small Business Chamber;Women’s Business Development Center;Vermont Businesses for Social Responsibility;Oregon Small Business for Responsible Leadership;The Center for Small Business and the Environment;New Voice of Business; andEnvironmental Entrepreneurs (E2).Together, the organizations include more than 60,000 firms, ranging from some of the nation’s largest companies to small “mom and pop” Main Street retailers and other firms.Companies that want to sign on the joint letter supporting the EPA and Clean Air Act can do so at http://bit.ly/ihhM69(link is external).A report issued in October 2010 by Small Business Majority (http://smallbusinessmajority.org/energy/index_national_economic.php(link is external)) found that there are major economic benefits of the Clean Air Act. For example, in the last two decades, emissions of the most common air pollutants have declined by 41 percent, while Gross Domestic Product (GDP) has increased by more than 64 percent. The report also concluded that the Clean Air Act has spurred important technological innovations, such as catalytic converters, that have made the United States a world leader in the export of environmental export technologies. These exports grew by 130 percent between 1993 and 2003, and were valued at $30 billion in 2004.In addition to indicating strong U.S. business support for the Clean Air Act and the EPA, the groups cautioned that the EPA’s recent decision to delay moving ahead with an ozone pollution rule by six months will come with a real price tag in terms of sick workers and family members, resulting in lost workdays, lower productivity, and other adverse bottom-line impacts for companies. According to the EPA, the new smog standards would “help prevent up to 12,000 premature deaths and 58,000 cases of aggravated asthma and save up to $100 billion in health care costs.” (See http://www.boston.com/news/science/articles/2010/12/09/epa_is_criticized(link is external)….)SOURCE American Businesses for Clean Energy, Small Business Majority and American Sustainable Business Council, Washington, D.C. WASHINGTON, Dec. 15, 2010 /PRNewswire-USNewswire/ — EDITOR’S NOTE: A streaming audio replay of this news event will be available on the Web at http://www.abce.us(link is external) as of 4 p.m. EST/1 p.m. PST on December 15, 2010.CONTACT: Patrick Mitchell, +1-703-276-3266, pmitchell@hastingsgroup.com(link sends e-mail), for American Businesses for Clean Energy, Small Business Majority and American Sustainable Business Council, Washington, D.C.Web Site: http://www.americanbusinessforcleanenergy.org(link is external)last_img read more

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The Shores assisted living community opens in Shelburne

first_imgThe Lodge at Shelburne Bay, located in Shelburne, Vermont, has announced its second expansion in 10 years, the opening of the Shores Assisted Living community. The Shores Assisted Living is a 20 million dollar, 90 bed state-of-the-art project. The 100,000 square foot, fire proof and environmentally friendly building consists of 76 brand new, all-inclusive rental apartments for seniors. The project will create more than 80 new jobs. Amenities include: On-site physical therapy, therapeutic pool, theater, fitness center and much more.Interior decorating at The Shores Assisted Living was created by renowned New York interior design firm Brett Design, Inc. Architects for the project were Weimann Lamphere Architects, located in Colchester, Vermont. The Bullrock Corporation was the builder and also owns and manages the project.The new community shares a campus with the existing Lodge at Shelburne Bay. The Lodge at Shelburne Bay offers residents all inclusive rental options that include 90 Independent Living apartments and a Memory Care program.  The Lodge at Shelburne Bay was also built by the Bullrock Corporation in 1999.Bullrock Corporation, its owner and CEO Gregg Beldock and affiliates, have been in the construction management and real estate development business since the early 1980s. In 1999 Bullrock Corporation entered the senior living category. Properties also include The Lodge at Shelburne Bay’s sister community-The Lodge at Otter Creek located in Middlebury, Vermont built in 2008.last_img read more

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Coal India Cuts Prices as Stockpiles Grow

first_imgCoal India Cuts Prices as Stockpiles Grow FacebookTwitterLinkedInEmailPrint分享From the Economic Ties of India:Coal India has cut prices of top grades of coal by up to 40% on the back of more than adequate coal production as well as about 58 million tonnes of stock pile. The coal behemoth’s decision to cut prices of high energy content coal that competes directly with imported coal by 10-40% for both power producers and non-power producers for the first time in three years follows a global price crash of the commodity.“Following a rapid fall in international coal prices and a stockpile at pit heads, high energy coal produced mainly from Eastern Coalfields, South Eastern Coalfields and North Eastern Coalfields have been slashed for volumes supplied over 90%,” a senior Coal India official said on Monday.A senior power sector official said, “We have been told that the price cut offer will remain valid for the entire financial 2016-17 and it is being introduced on an experimental basis following a large stock pile and a massive fall in global prices.”Full article: Coal India cuts prices of top grade coal by up to 40% on global cueslast_img read more

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Puerto Rico to Seek Buyers for Battered Electricity Utility

first_imgPuerto Rico to Seek Buyers for Battered Electricity Utility FacebookTwitterLinkedInEmailPrint分享Reuters:Puerto Rico’s governor said on Monday he intends to sell off the U.S. territory’s troubled power utility to the private sector, saying the process could take roughly 18 months to complete. A worker of Puerto Rico’s Electric Power Authority (PREPA) repairs part of the electrical grid after Hurricane Maria hit the area in September, in Manati, Puerto Rico October 30, 2017. The Puerto Rico Electric Power Authority (PREPA) has yet to recover fully from the devastation wrought by Hurricane Maria, which in late September knocked out power to the entire island, leaving all 3.4 million residents in the dark and killing dozens of people. “The Puerto Rico Electric Power Authority has become a heavy burden on our people, who are now hostage to its poor service and high cost,” Governor Ricardo Rossello said in a statement. “What we know today as the Puerto Rico Electric Power Authority does not work and cannot continue to operate like this.” Less than 64 percent of homes and businesses are receiving power, according to the latest data from the U.S. Department of Energy. PREPA had promised that most of the island would have power by the end of December. The new plan calls for 30 percent of power generation to be from renewable sources. Rossello described how the process for breaking up the company would occur in three phases, calling it a move toward a “consumer-centered model.” Phase one consists of defining the legal framework via legislation. Phase two will be evaluating bids, and phase three will be “the terms of awarding and hiring the selected companies that meet the requirements for the transformation and modernization of our energy system will be negotiated.” Given PREPA is currently trying to work its way through bankruptcy and all of the island’s financial dealings must go through the federally appointed Financial Oversight and Management Board for Puerto Rico, selling off PREPA’s assets could be a long process. One analyst was skeptical of Rossello’s plan. “He’s got no energy plan, no financial analysis, if he thinks he’s going to sell it off and the private sector is going to come in and invest, that is a recipe for Puerto Rico being raked over the coals by private interests,” said Tom Sanzillo, director of finance for the Cleveland, Ohio-based Institute for Energy Economics and Financial Analysis. “This will produce a maximum amount of corruption and a minimal amount of electricity,” said Sanzillo, whose as provided expert witnesses to PREC proceedings.More: Puerto Rico to sell off crippled power utility PREPAlast_img read more

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