Source: Governor’s office, April 22, 2009 Governor Jim Douglas has welcomed a Quebec-based transformer manufacturer opening a factory in Vermont. The firm estimates it will create 16 jobs this year and up to 43 workers by the end of 2011. In a ceremony at the company s new facility in the St Albans Industrial Park, the governor introduced BEMAG Transformers, Inc and celebrated the company s selection of Vermont for their expansion project. The state used $267,569 in incentives to lure the Canadian firm to Vermont, as well as $106,000 for training, and VEDA financing of $718,000. It is gratifying to see a world-class manufacturer appreciate the value of locating in Vermont, particularly one from our largest trading partner, Douglas said. This is another example of our state competing successfully for the jobs of the 21st century, and we look forward to helping Vermont Transformers grow and prosper here.BEMAG Transformers manufactures dry-type electrical transformers at a facility in Farnham, Quebec, but was nearing production capacity at that plant as it moved forward with plans to expand its share of the North American transformer market. As part of our due diligence, we explored potential expansion in Farnham; investigated locations in western Canada; and spoke with officials in New York, said Christian Roberge, Vice President and CFO of BEMAG Transformers. But the job creation and workforce training incentives Vermont offered helped seal the deal, Roberge said. Our new company, Vermont Transformers, Inc. will allow us to significantly expand our Canadian market share and to bring our quality products into the billion-dollar U.S. market.Vermont economic development officials began working with BEMAG in the fall of 2008. After several meetings in Vermont and Quebec, an incentive package including Green VEGI incentives totaling $267,569 and $106,000 in employee and manufacturing efficiency training from the Vermont Training Program were approved. The Vermont Economic Development Authority (VEDA) also approved $718,000 in financing assistance.BEMAG has established a U.S. entity called Vermont Transformers, Inc. which will lease the 23,000 square-foot former Vestshell building with the option to purchase in the near future.The new facility will employ innovative manufacturing practices and equipment developed and built in-house by BEMAG engineers, enabling greater efficiency and reliability. Several million dollars will be invested in facility fit-up and machinery and equipment, and operations will begin with a single shift and the possibility of expanding to multiple shifts once production ramps up.Under reforms proposed by Governor Douglas in 2006 and passed by the General Assembly, the VEGI economic incentives are authorized based on job creation and capital investments that must occur before the company earns the incentives and then the company receives incentive installments over a period of years.Vermont Transformers is eligible to earn a maximum of $267,569 in job creation incentives over three years only if they meet and maintain payroll, employment and capital investment targets each year. The incentives would then be paid out over a total of seven years, if the jobs are maintained.The Vermont Economic Progress Council approved the application late last month after reviewing nine program guidelines and applying a rigorous cost-benefit analysis which showed that because of the economic activity that will be generated by this project, even after payment of the incentives the State will realize a positive net increase in tax revenues over five years.The Council also determined that these projects would not occur or would occur in a significantly different and less desirable manner if not for the incentives being authorized.The Vermont Economic Progress Council is an independent board consisting of nine Vermont citizens appointed by the Governor 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:www.thinkvermont.com/vepc(link is external)Or:www.vermonttransformer.com(link is external) ###
Ross, Gajnabi win big at 2019 Gregory Gaskin Memorial Sports AwardNATIONAL Volleyball player Shamroy Ross and West Indies female cricketer Shabika Gajnabi were among the headliners at the recently concluded 2019 Rose Hall Town Youth and Sports Club’s (RHTYSC) Annual Gregory Gaskin Memorial Berbice Sports Award.An attacking outsider Ross, along with Gajnabi, won the respective Male and Female Sports Award for 2019 while another West Indies female cricketer Erva Giddings received the Lifetime Achievement Award for her contribution to cricket over the last fifteen years.The Berbice Cricket Board (BCB) carried home the Sports Organisation-of-the-Year award while businessman Deonarine Balram of the popular Shane General Store was named Sports Personality for his support of all sports in the Ancient County during this year.RHTYSC Secretary/CEO Hilbert Foster stated that the 10 cricket teams are forging ahead with plans to fulfil most of their activities despite the ongoing coronavirus pandemic. This is being done while observing the strict guidelines set by the government.He disclosed that due to social distancing, no official programme was held but the awardees were invited to receive their awards on an individual basis.Foster noted the importance of sports in the development of character of youths and hailed all the awardees as positive role models for youths to emulate. He urged them to uphold the high standards they have set themselves in the past and to work even harder to achieve more success.The RHTYSC, Foster stated would continue to be the premier youth and sports organisation in Guyana and was proud to be involved in honouring the memory of Gaskin.Ross in 2019 represented Guysuco Training Centre, Berbice and the National volleyball team with great success as an outside attacker. He was named the Berbice Volleyball Association Most Valuable Player for 2019.Gajnabi made her debut for the West Indies at the senior level after outstanding performance for Berbice and Guyana. Giddings made her West Indies debut in 2008 and over the years has been an outstanding performer for RHTYSC, Berbice and Guyana.For over a decade, Giddings has played among her male counterparts at the second division level with great success, claiming over 200 wickets.The Sports Personality-of-the-Year Deonarine Balram is known across Berbice for his wholehearted support of sports and over the last 20 years has been the sole sponsor of the Balram Shane Memorial cricket and volleyball tournaments.RHTYSC Assistant Secretary Simon Naidu handed over all the awards which included a trophy, medal, certificate of excellence and a collection of special prizes.The 10 cricket teams of the RHTYSC are: Poonai Pharmacy Under-12 and U-13, Farfan and Mendes U-15, Bakewell U-17 and Second Division, Pepsi U-19 and Intermediate, Metro Female, NAMILCO Thunderbolt U-21 and First Division.The joint RHTYSC/BCB Basil Butcher Memorial project has distributed over $4M worth of items and sponsored several events in tribute to the legendary West Indies batsman who died last December at the age of 86.The Award is held yearly in memory of Gregory Gaskin, late founder of COPS Security Service and an outstanding supporter of sports in Guyana.
Inter Allies FC have named Tony Lokko as their new head coach heading into the new Ghana Premier League season.Lokko comes in to replace Paa Kwesi Fabin, who called it quits after just three months in charge.Tony Lokko is a seasoned veteran having worked with clubs like Hearts of Oak, Heart of Lions, Tema Youth and also Amidaus Professionals.He has been tasked to lead the team into the league season which is slated to kick off on 28th of December 2019.