first_imgThe Vermont Economic Progress Council authorized $8.3 million in incentives under the Vermont Employment Growth Incentive (VEGI) program in 2011, which will encourage the creation of 988 new jobs in Vermont. The Vermont Economic Progress Council met throughout the year to review and authorize the incentives. No incentives are paid when the companies are authorized. The authorization means that the companies met statutory requirements to be authorized to earn a certain level of incentives. Overall, these projects will create 988 new jobs and about $40 million in new payroll for Vermonters, and the companies will make $302 million in capital investments in Vermont, between 2011and 2015. The jobs must be new, full-time, permanent, non-owners, and pay more than 160 percent of the Vermont Minimum Wage (about $13.04/hour) and provide benefits.  ‘In the end, there are well-paying jobs with benefits for Vermonters, there is investment in new facilities and machinery and equipment to keep Vermonters competitive, and there is $8 million in new tax revenues to support other state programs,’ said Lawrence Miller, Vermont’s secretary of Commerce and Community Development. To earn the incentives, authorized companies must meet payroll, employment and capital investment performance requirements each year between 2011 and 2015. If earned, the incentives would pay out to the companies over nine years between 2012 and 2020, only if the performance requirements are maintained. The Council approved the applications after reviewing nine ‘quality control’ program guidelines and applying a rigorous cost-benefit analysis that calculates the level of new tax revenue a project will generate for the state. The model estimates that the economic activity approved will generate $7.7 million in new tax revenue, even after payment of the incentives.The Council also determined that these projects would not occur or would occur in a significantly different and less desirable manner (the ‘but for’ test) if not for the incentives being authorized. ‘We determined that these projects would not have occurred in Vermont or would have occurred in a way that generated far fewer tax dollars,’ said Stephan Morse, VEPC Chairman. ‘Instead, the projects will occur and if the companies meet their performance requirements, they will generate enough new tax revenue to the state to pay the incentives that are earned and still generate almost $8 million in new tax revenue for Vermont.’ Included in the $8.3 million authorized were incentives totaling about $1.7 million in ‘Green’ VEGI incentives for companies that will create jobs in environmental technology sectors. These companies plan to develop and produce recyclable or biodegradable containers, develop and operate an integrated energy/food production facility; produce energy efficient turbo-machinery, and build a wind testing facility. The following is a list of those companies authorized for VEGI incentives in 2011: NAME                                                                        LOCATION                           AMOUNTALPLA, Inc                                                    Essex                                        $654,438Bariatrix Nutrition Corp                                 Georgia                                     $135,653eCorporate English, Ltd                                 Middlebury                               $464,731WCW, Inc.                                                      Manchester                               $512,449Vermont Smoke and Cure                              Hinesburg                                 $156,913Carbon Harvest Energy                                  Burlington, Brattleboro            $568,913Concepts NREC                                             Wilder                                       $290,335SOH Wind Engineering, LLC                        Williston                                   $153,995Green Mountain Coffee Roasters                   Essex                                     $4,696,809Ellison Surface Technologies, Inc.                  Rutland                                     $688,462Total:                                                                                                             $8,322,698 The Vermont Economic Progress Council is an independent board consisting of nine Vermont citizens appointed by the governor, and two members appointed by the House of Representatives and the Senate, that considers applications to the state’s economic incentive programs. The Council is attached to the Vermont Agency of Commerce and Community Development, whose mission is to help Vermonters improve their quality of life and build strong communities. For more information, visit: is external) VEPC 12.21.2011last_img read more

first_imgAdinuba said that parts of the games would hold in such places as Otuocha Stadium in Anambra East Local Government Area, though the majority games would be hosted at Rojenny Holiday Resort and Games Village, Oba, in Idemili South Local Government Area, which is a stone’s throw from Onitsha.He noted that the police force has contributed immensely to national sports development, but for some reason the contribution was not always acknowledged. “Chioma Ajunwa, who in 1996 emerged the first Nigerian Olympic gold medalist, was a police inspector who has now risen to the rank of chief superintendent of police and is commanding a key division in Lagos State.The late Sunday Bada, who won a silver medal, which has now been upgraded to gold at the Sydney Olympic Games in 2000 because the original winners of the 4 by 4 race tested positive to a banned substance, was a policeman. Esene Ikpoto, who represented Nigeria at different prestigious competitions, including the Olympic Games held in Christchurch, New Zealand, is a police officer,” he stated.Adinuba said that it was not a surprise that Anambra was selected to host the police game because some of the best sportsmen and women ever from Nigeria are Anambra indigenes. “Take Mary Onyali, an Olympic medalist. Take Innocent Ejima Egbunike, another Olympic medalist. Or Major Emmanuel Ifeajuna, the first Nigerian to win a medal at the Commonwealth Games. How about Emmanuel Okala, Nigeria’s greatest goalkeeper and Power Mike Okpala, the undefeated world heavyweight wrestling champion? Who can ever forget Ben Lionheart Okpala, the African heavyweight wrestling champion or Ngozika Ekwelum, the national boxing champion? No one can forget that Christ the King College, Onitsha, made history in 1977 when it became the first secondary school in Africa to win the World Secondary School Football Competition held in Ireland,” he enumerated, adding that “the Nigeria Police Force cannot possibly ask for a better partner in preventing and fighting crime than the present Governor Willie Obiano administration. The police will remain grateful to Governor Obiano for many years to come.”He said that the police leadership deserves kudos for choosing to hold the 12th Police Biennial Games in Anambra, Nigeria’s safest state and the most friendly state to the police and other security agencies in the country.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Dike OnwuamaezeThe Anambra State Government has promised to make the 12th Biennial Police Games, which will kick off at the Alex Ekwueme Square, Awka, on Saturday, February 29, the best ever in the history of the competition.According to the Anambra State’s Commissioner for Information and Public Enlightenment, Mr. C Don Adinuba, more than 5,000 police officers are expected to take part in the 12th biennial games, which would last one week.last_img read more