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Silicon Valley Bank Awards Vermont Slauson Economic Development Corporation $100,000

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Silicon Valley Bank Awards Vermont Slauson Economic Development Corporation $100,000


South LA non-profit provides companies help and inexpensive loans to minority- and women-owned companies

LOS ANGELES, June 7, 2022 /PRNewswire/ — Vermont Slauson Financial Growth Company acquired a beneficiant $100,000 grant from Silicon Valley Financial institution to assist underserved small companies and entrepreneurs in South Los Angeles. The funds will go on to the group’s CDFI revolving mortgage fund, which helps revitalize the South LA group by giving inexpensive small enterprise loans to minority-owned small enterprises.

Silicon Valley Financial institution was additionally the title sponsor for the latest grand opening of VSEDC’s South L.A. Greatest Purchase Teen Tech Middle, a 1,200 square-foot tech incubator for teenagers and younger adults.

“VSEDC is thrilled and grateful for Silicon Valley Financial institution’s assist for the hard-working, various small enterprise homeowners of South Los Angeles,” says CEO of VSEDC, Joseph T. Rouzan, III. ”For much too lengthy, our group has been missed and underserved. Our partnership with Silicon Valley Financial institution represents a renewed dedication to creating an economically sustainable area.”

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Based mostly within the coronary heart of South LA, VSEDC has been serving minority- and women-owned small companies within the area for over 40 years. The non-profit works to create an equitable future and thriving native financial system by means of personalized one-on-one technical help, and financial growth companies. In 2018, VSEDC grew to become a CDFI non-traditional lender with a revolving mortgage fund to infuse the native financial system with capital. VSEDC’s inexpensive small enterprise loans provide funds to companies which can be traditionally ineligible for loans from conventional lenders, corresponding to banks.   

“Small companies are important to our communities, however they usually wrestle to get the capital and assist they should thrive,” mentioned Craig Robinson, Head of Company Social Duty at Silicon Valley Financial institution. “We’re happy to assist VSEDC’s vital work to get funding into the arms of individuals of shade and girls enterprise homeowners in South LA.”  

Vermont Slauson Financial Growth Company (VSEDC) is a community-based nonprofit and Group Growth Monetary Establishment (CDFI) acknowledged for many years of technical and entrepreneurial help to South LA small companies, start-ups and entrepreneurs. The companies VSEDC gives serves to drive group self-sufficiency, facilitate enterprise development, entry to inexpensive housing, items and companies, and job creation. VSEDC achieves this by means of youth training, a core curriculum of enterprise training, one-on-one enterprise help, and small enterprise loans. Discover out extra about VSEDC at www.vsedc.org, Fb and Twitter.

Silicon Valley Financial institution, the financial institution of the world’s most modern corporations and buyers, gives business banking companies, experience and insights to the expertise, life science and healthcare, personal fairness, enterprise capital and premium wine industries. Silicon Valley Financial institution operates in facilities of innovation world wide and is considered one of SVB’s core companies with SVB Capital, SVB Non-public and SVB Securities. With world business banking companies, Silicon Valley Financial institution helps deal with the distinctive wants of its dynamic, fast-growing, modern purchasers. Study extra at svb.com

SOURCE Vermont Slauson Financial Growth Company

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Vermont National Guard facility set to reopen after major PFAS spill

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Vermont National Guard facility set to reopen after major PFAS spill


Operators at a South Burlington wastewater treatment plant first noticed something strange Friday morning. A tank was filling with bubbles, like someone had filled it with laundry detergent.

“It looked like a white bubble bath,” said Bob Fischer, the water quality superintendent for South Burlington. “I could tell it was firefighting foam, but I didn’t know what kind.”

Fischer was right. The night before, 800 gallons of highly concentrated firefighting foam had spilled over the floor of the Vermont Army National Guard aircraft hanger in South Burlington.

It gathered in the landing gear of a Black Hawk military helicopter, before some 150 gallons flowed down a drain and entered the town’s wastewater system, according to National Guard estimates. The material reached a nearby pump station before entering the water treatment plant, which sits next to the Winooski River.

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This type of firefighting foam is called aqueous film-forming foam or AFFF. It’s used for fires that involve flammable liquids, like burning jet fuel. The state of Vermont has banned its use because it contains relatively high concentrations of manufactured chemicals known as PFAS, which have been linked to cancer, liver problems and a myriad of other health issues and can be toxic even in tiny doses.

The Vermont National Guard hadn’t released the material for years — it wasn’t even supposed to be used in the case of a fire.

“If the fire suppression system discharged, all it would discharge is just water — we essentially bypassed the AFFF tank,” said Col. Jacob Roy, the construction and facility management officer at the National Guard. “We realized that the risk to the environment was pretty significant, and we did not want a chance having either a purposeful or accidental release.”

Vermont Army National Guard

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Roughly 800 gallons of firefighting foam spilled over the National Guard aircraft hanger last week. Officials suspect there was a mechanical failure in their containment system.

Roy suspects the spill Thursday night was a mechanical failure in their containment system. He said there’s been no evidence of a fire.

Since Friday morning, contractors have been out every day cleaning and testing the National Guard facility, the sewer lines, the pump station and the wastewater treatment plant. Roy expects the facility to be open to staff by Wednesday morning.

And test results from the Winooski River should come back within a week.

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In the grand scheme of things, a release of around 150 gallons — about the size of a hot tub — is pretty small within the bigger river system, said Matt Chapman, who directs waste management and prevention at Vermont’s Department of Environmental Conservation.

“It’s good for perspective purposes to appreciate that on a normal day in the Winooski River, the river has a flow rate of about 5,000 gallons per second,” he said.

A long, grey windowless building is visible behind a metal fenced topped with barbed wire.

April McCullum

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The National Guard hadn’t released the firefighting foam in years. It wasn’t even supposed to be used in the case of a fire.

While he’s not overly concerned about contamination in the river, he said what’s less straightforward going forward is how to properly dispose of the 650 gallons of foam that’s been collected. The EPA released interim guidance this year that includes incineration, storage in landfills and underground injection, but none of the options are good.

“I think it’s fair to say there’s no guidance from EPA,” Chapman said.

“One of the reasons why we still have this product over the years onsite, [is] because it is not an easy product to get rid of,” echoed Roy.

He said the disposal method will ultimately depend on the concentration of PFAS found in testing and directed further questions about the disposal process to the National Guard’s waste disposal contractor, Republic Services.

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A spokesperson for the company said they operate several hazardous waste landfills across North America, which are engineered to safely and responsibly manage this type of waste.

Have questions, comments or tips? Send us a message.





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Gatorade names record-breaking North Country star VT’s top girls track and field athlete

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Gatorade names record-breaking North Country star VT’s top girls track and field athlete


North Country junior Sabine Brueck has been selected as Vermont’s top high school girls track and field athlete for the 2024 season, Gatorade announced Tuesday morning.

Brueck is the second athlete in program history to receive the award, which recognizes outstanding athletic excellence, high academic achievement and exemplary character.

The 5-foot-7 Brueck swept the 100- and 300-meter hurdles at the Division I state meet earlier this month, while also taking second in triple jump and third in long jump. Then at the New England championships, Brueck broke her own state record in the 300 hurdles (43.90 seconds) to nab third. Last week, she also reset the Vermont decathlon state record with a winning total of 5,755 points.

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More: State records fall at 48th annual Vermont decathlon championships

Brueck has volunteered locally as a youth track, basketball and soccer coach and has also donated her time as a summer camp counselor, the Gatorade release said.

“Sabine has excelled in a variety of events this year,” Mount Mansfield coach Bill Eschholz said in a statement. “From the sprints to the hurdles to the jumps, she is, without a doubt, the best all-around athlete in track this year.”

Brueck has maintained an A average in the classroom. She will begin her senior year of high school this fall.

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As part of Gatorade’s commitment to breaking down barriers in sport, every player of the year also receives a grant to donate to a social impact partner.

To learn more about the Gatorade Player of the Year program, visit playeroftheyear.gatorade.com.

Become a member of the Vermont Varsity Insider Facebook group at https://bit.ly/2MGSfvX.

Contact Abrami at aabrami@freepressmedia.com. Follow him on Twitter: @aabrami5.





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N.H. man sought in Vt. bank robbery arrested after 20-mile police chase, officials say – The Boston Globe

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N.H. man sought in Vt. bank robbery arrested after 20-mile police chase, officials say – The Boston Globe


Barry A. English Jr., 38, allegedly drove a stolen car during a 20-mile police chase down Interstate 93 in New Hampshire on Monday, officials said.New Hampshire State Police

A Nashua, N.H., man wanted in connection with a Vermont bank robbery was arrested after police pulled over a stolen car following a 20-mile chase down Interstate 93 in New Hampshire on Monday, officials said.

About 4 p.m., state troopers pursued a blue 2013 BMW 550i headed south on I-93 that had been reported stolen from Nashua on Sunday, New Hampshire State Police said in a statement. Believing the driver to be the culprit in a robbery at the Passumpsic Bank in Newport, Vt., hours earlier, police attempted to pull the car over in Lincoln, N.H.

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The driver, who allegedly said he had a weapon during the robbery, refused to stop and traveled 20 miles to Campton, just north of the Plymouth town line, before troopers and a State Police K-9 unit pulled him over, the statement said. State Police identified the driver as 38-year-old Barry A. English Jr., who was taken into custody.

During the arrest, the southbound travel lanes were briefly closed, according to police.

Arraignment information for English was not immediately available Monday night, and it was unclear whether he had hired an attorney.

The chase remains under investigation, the statement said.


Lila Hempel-Edgers can be reached at lila.hempeledgers@globe.com. Follow her on X @hempeledgers and on Instagram @lila_hempel_edgers.





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