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City Market and Opportunities Credit Union (OCU) Team Up to Promote Small Business Growth

first_imgCity Market and Opportunities Credit Union (OCU) Team Up to Promote Small Business GrowthCity Market and OCU are offering low-interest business loans.Burlington, VTDecember 15, 2008 – City Market, Onion River Co-op, downtown Burlington’s cooperative grocery store, is announcing a new loan fund that will help small businesses to grow. The Co-op works with over 1,000 Vermont vendors and is committed to the sustainability not only of local agriculture of also of our local economy. Many of the Co-op vendors have expressed interest in a low-interest loan program in order to expand their businesses. Teaming up with Opportunities Credit Union, City Market is able to offer vendors a loan rate of 4.99%.To support a strong local food system, the City Market Loan Fund will help businesses purchase equipment, inventory, business vehicles, machinery, raw materials, or funds to purchase an income producing asset. Potential loan program participants could include existing small business owners, entrepreneurs, farmers and/or food producers looking to expand their current business, purchase/replace equipment, develop a new product line, increase production capacities and/or efficiencies. Start-up financing is not available under this program.OCU plans to review each business application and have sole discretion on approving loan requests. Businesses and owners must meet membership eligibility requirements of the credit union. Businesses that are not currently eligible according to OCU’s existing credit standards will be offered an action plan to address the barriers of their situation. For more information contact Greg Huysman, Small Business Lending Manager at 802-865-2003 x125 or ghuysman@oppsvt.org(link sends e-mail).About City Market, Onion River Co-opThe Onion River Co-op is a consumer cooperative, with over 3,200 members, selling wholesome food and other products while building a vibrant, empowered community and a healthier world, all in a sustainable manner. Recently awarded the 2008 Howard K. Bowers Fund Cooperative Excellence Award, City Market provides a large selection of local, natural and conventional foods, and thousands of Vermont-made products. Visit City Market, Onion River Co-op conveniently located in downtown Burlington, online at www.CityMarket.coop(link is external) or call 802-861-9700.last_img read more

Van Oord Chooses NSW Cables for DeBu Inter-Array Grid

first_imgVan Oord has awarded Norddeutsche Seekabelwerke GmbH (NSW), a subsidiary of General Cable Corporation, to design, produce and deliver 45km of medium-voltage submarine power cables for the inter-array grid of the Deutsche Bucht (DeBu) offshore wind farm.The delivery of the cables is scheduled for spring 2019.Van Oord, the Balance of Plant contractor (BoP) for the project, will use a specialised vessel to install the wind farm’s inter-array cables.The 252MW DeBu offshore wind farm is located in the German North Sea, some 95km north-west of the island of Borkum.The wind farm is owned and developed by Canada’s Northland Power and comprises 31 MHI Vestas V164-8.0MW wind turbines optimised to deliver an output of 8.4MW.The full commissioning is slated for late 2019.last_img read more