FreshTracks Capital Announces the Launch of its Second Venture Capital Fund

first_imgShelburne, Vermont, June 2, 2008&.FreshTracks Capital announced today that it has closed on $14,000,000 of subscribed capital for FreshTracks Capital II, L.P. (the Fund). The limited partners of this fund include a mix of individual investors, family offices and institutions including; Middlebury College, Vermont Public Radio, the Vermont Community Foundation and Merchants Bank. FreshTracks Capital II focuses on venture capital investments in emerging Vermont growth companies. The Fund also makes select investments beyond Vermonts borders.We have already completed four investments in exciting growth companies of our second fund, said Cairn Cross, Co-Founder and Managing Director of FreshTracks Capital, These companies include: NEHP, Inc. of Williston, VT, which manufactures and installs patented process piping solutions for the semi-conductor, bio-pharma and solar industries, ISIS of Burlington, VT, a womens outdoor active wear company, NativeEnergy of Charlotte, VT, a leading U.S. carbon offsets intermediary business, and SolarOne Solutions, Inc. of Framingham, MA, a manufacturer of proprietary photo-voltaic solar/LED lighting solutions for commercial and municipal applications.FreshTracks Capital also manages FreshTracks I, an $11,000,000 venture fund founded in 2001 with investments in 14 companies including EatingWell Media Group, Vermont Teddy Bear, M2S and Brighter Planet. We focus on investing in early stage opportunities, commented Lee Bouyea, Managing Director of the Fund, These are companies earning between $1MM and $5MM in trailing twelve month revenue. We target investing $1MM in each company over the life of that investment, and prefer working with other institutional co-investors to syndicate rounds larger than this size. This allows us to bring more capital to each portfolio company, as well as additional management and advisory expertise to the Board level. We are seeing excellent deal-flow right now, with a wealth of opportunities right here in Vermont, said Tim Davis, Managing Director of the Fund, There are some very innovative Vermont companies that fall right in our investment criteria sweet spot. The entrepreneurial ecosystem of Vermont is stronger than ever before, with a number of vital resources available to these young companies, including the Digital Bridges program at Middlebury College, the Vermont Center for Emerging Technology at UVM, the Vermont Venture Network, and Champlain Colleges Bring Your Own Business program. In addition, there are more early-stage capital resources available today for young Vermont companies than ever before from groups such as the North Country Angels, UVM Ventures, the Vermont Investors Forum and Peak Pitch.Vermont entrepreneurs seeking capital from FreshTracks are encouraged to submit an executive summary of their business plan. We like to work with entrepreneurs from very early on in a business formation. Even if a company is still pre-revenue, we prefer to meet the management team, review their business plan, provide advice, and track the companys progress over time, noted Bouyea. ISIS, NativeEnergy and NEHP, are all examples of businesses we tracked for many years before completing an investment. Many times we can help an entrepreneur refine their business model, introduce them to sources of seed capital and help distill their investment pitch, thereby increasing a business chance of success.About FreshTracks Capital:Founded in 2001, FreshTracks Capital ( is external)) is a venture capital firm based in Shelburne, VT with an $11MM first fund and a $14MM second fund under management. The Fund focuses its investments in private growth-oriented businesses, primarily companies in close geographic proximity to Vermont. FreshTracks has made investments in companies operating industries including software, media, carbon management, alternative energy, advanced materials, semiconductor & bio-pharma technologies and consumer products. FreshTracks is an affiliate fund in the Village Ventures national network of funds, which collectively have more than $500 million in capital under management, directed by some 35 venture professionals in 14 distinct funds. For further information contact: 802-923-1500 or sends e-mail).last_img read more

Waterbury Medical Associates re-opens at south main street location

first_imgJudy Tartaglia, CVMC president and CEO is pleased to announce that Waterbury Medical Associates will return to their facility at 130 South Main Street in Waterbury on Monday, January 23.The temporary office on CVMC’s Berlin campus and the satellite office in the Thatcher Brook Inn will both be closed as of Monday, January 23.‘We want to thank all of our patients who were so understanding and flexible with us during the aftermath of the flood’ noted Dr. Cove, Waterbury Medical Associates medical director. ‘We also want to thank everyone who was involved in cleaning up and restoring our practice building, the parking lot and grounds.’Waterbury Medical Associates will be open regular hours, Monday to Thursday 8:00 am – 8:00 pm, Friday: 8:00 am – 5:00 pm and Saturday: 8:00 am – 12 noon(by appointment only). The phone number remains 802-244-7874.For those in the area looking for primary care, Waterbury Medical Associates is accepting new patients.There will also be a couple of additions to the Waterbury Practice in the near future. A branch of Central Vermont Women’s Health will be located there including an OB/GYN physician and a midwife.Everyone is invited to visit Waterbury Medical Associates during their Open House on Friday, February 10th from 6:00 p.m. to 8:00 p.m.Berlin, VTlast_img read more

NCUA updates policy on audit report access for examiners

first_img continue reading » 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The NCUA has updated its policies on how and when examiners will review a credit union’s audit reports that are prepared by an external auditor, specifying that newly completed audits be sent directly to the examiner from the auditor.This change affects all federally-insured credit unions.The NCUA states that in addition to obtaining the audit report directly from the external auditor, an examiner can also obtain the information by using a secure portal or by conducting a physical inspection of the audit report at an agreed upon time and place.During a NAFCU webcast in February, NCUA Deputy Director of the agency’s Office of Examination and Insurance Tim Segerson provided credit union viewers with an in-depth analysis of what credit unions should expect during an examination and said the agency would be providing additional guidance on this process. A NAFCU Compliance Blog post in February also addressed this topic.last_img read more

West Nusa Tenggara to manufacture, market vocational school’s electric ATV

first_imgHe added that the electric ATV, which was designed to transport waste, would be distributed to villages to “strengthen their village programs” after it enters mass production.The 2.4-meter-long, 1-m-wide 3,500 watt ATV is to be equipped with five 80Ah batteries and be able to achieve speeds of up to 80 kilometers per hour. The vehicle needs about eight hours to fully charge the batteries.Irwan Arditia Jaya, the school’s technology development coordinator, said that the idea to develop the battery-powered ATV came because of the alarming pollution and global warming issues caused by burning fossil fuels.”This electric motor is a part of our efforts to address pollution and global warming problems,” Irwan said. (vny)Topics : The West Nusa Tenggara administration plans to put an electric four-wheeled all-terrain vehicle (ATV), the prototype of which was created by SMKN 1 vocational school students in Lingsar, West Lombok, into mass production to meet local demand for alternative transportation.The testing of the prototype vehicle, which was named the “Lingsar”, took place at West Nusa Tenggara Governor Zulkieflimansyah’s office compound on Tuesday. “The innovation has made us proud. We will further develop the prototype by involving small and medium-sized automotive enterprises, which will be supervised by SMKN 1 Lingsar itself,” Zulkieflimansyah said.last_img read more

COVID-19: Vacant roads, little activity mark first day of PSBB implementation in Jakarta

first_imgThe amount of activity around Jakarta has reportedly been down on Friday, the first day of large-scale social restrictions (PSBB), with roads quiet as people choose to remain home despite the long weekend holiday.The first day of the restrictions has coincided with the public holiday of Good Friday, which typically sees heavy traffic on toll roads as people travel outside the city.The Jakarta Traffic Police’s Twitter account @TMCPoldaMetro reported that traffic was light on several roads in the city as well as the Cikampek and BSD toll roads. The capital’s main thoroughfares of Jl. Jendral Sudirman and Jl. Gatot Subroto have also been almost totally deserted, pictured with only one or two vehicles passing through.In Tebet, South Jakarta, the traffic on Friday morning was not dissimilar to previous days, although it has been far less crowded since the coronavirus outbreak was first detected.Read also: From MRT to Transjakarta, here’s how services have adjusted to citywide transport restrictionsThe scenes around Tebet railway station were also quiet, although some still passengers were waiting for trains. The station has seen far fewer commuters after work-from-home and study-at-home guidelines were issued last month.Meanwhile, despite the discussions over the PSBB, some road users appeared unaware of the new regulations. In Palmerah, West Jakarta, traffic police officers had to stop ojek (motorcycle taxi) drivers that were still carrying passengers.09:56 Polri Patwal Ditlantas PMJ menghimbau Ojol terkait pemberlakuan PSBB agar tidak mengangkut penumpang di Stasiun Palmerah .— TMC Polda Metro Jaya (@TMCPoldaMetro) April 10, 2020According to Jakarta Gubernatorial Regulation No. 33/2020 on PSBB, ojek drivers are permitted only to carry goods.“A Jakarta Traffic Police officer informed an app-based ojek driver about the implementation of the PSBB [and told him] not to pick up passengers around Palmerah Station,” @TMCPoldaMetro tweeted on Friday. Read also: Jakarta will impose stronger mobility restrictions on Friday. Here’s what you need to know.Jakarta Governor Anies Baswedan will impose the PSBB for 14 days from Friday until April 23 in a bid to slow the spread of COVID-19 after the capital became the epicenter of the outbreak in the country.Many residents have taken to social media to describe the scenes they saw on Friday.A photo posted on Instagram by @jktinfo showed the usually packed Jl. Casablanca in South Jakarta totally empty. The regularly congested street in front of Kuningan City Mall was also quiet.center_img Topics :last_img read more

BLOG: Governor Wolf on Fighting Pennsylvania’s Heroin Epidemic (VIDEO)

first_img SHARE Email Facebook Twitter Substance Use Disorder,  The Blog,  Videos In 2014, nearly 2,500 Pennsylvanians died from a drug overdose. With one in four families in the Commonwealth suffering with the disease of addiction, Governor Wolf has already enacted several initiatives to fight Pennsylvania’s opioid epidemic and save lives, in addition to including an additional $9 million in funding in the compromise budget for efforts to combat the Pennsylvania heroin epidemic spread across three agencies.Since his inauguration, Governor Wolf has worked with his administration to provide real solutions not only to save lives but also to help addicted individuals and their families get the treatment they need to live long, productive lives. Such actions taken by the Wolf Administration include:Physician General Rachel Levine signed two standing orders that made naloxone, a medication that safely reverses the effects of an opioid overdose, available initially to all first responders and, later, to all Pennsylvanians. In addition, since police began carrying naloxone late last year, they have reversed more than 550 overdoses across the state.A “warm hand-off” process is being developed whereby overdose survivors would be taken directly from the emergency department to a licensed drug treatment provider.Pennsylvania’s Prescription Drug Take-Back Program focuses on preventing diversion and abuse of prescription drugs by helping communities properly dispose of unused prescriptions. To date, approximately 40,000 pounds of prescription drugs have been taken back and destroyed. There are more than 400 police stations across Pennsylvania where drug take-back boxes are located. (See to find a location near you.)DOH is leading an effort to build upon the prescribing guidelines already created, including guidelines to address emergency department pain treatment with opioids, opioids in dental practice and opioids to treat chronic non-cancer pain. These guidelines give healthcare providers direction for safe and effective pain relief practices, with greater emphasis on non-opioid therapies and greater caution to prevent addiction and diversion.Governor Wolf’s decision to expand Medicaid eligibility in Pennsylvania under the Affordable Care Act has expanded access to drug and alcohol treatment services for hundreds of thousands of Pennsylvanians.DOH is working to establish Pennsylvania’s prescription drug monitoring program, Achieving Better Care by Monitoring All Prescriptions. The ABC-MAP program will help to ensure prescription drugs are not being overprescribed in an effort to curtail drug addiction and curb the supply of excess drugs that can be used illicitly.Working with the Pennsylvania Medical Society, Pennsylvania is developing continuing education programs to help healthcare providers better understand addiction, intervention and treatment.DDAP and DOH are working with Pennsylvania’s medical school deans to ensure medical school students are properly trained about responsible pain prescribing and how to identify and help those suffering with addiction. BLOG: Governor Wolf on Fighting Pennsylvania’s Heroin Epidemic (VIDEO) December 23, 2015center_img Like Governor Tom Wolf on Facebook: By: The Office of Governor Tom Wolflast_img read more

Manunda unit sells for $40,000 less than it was bought for in 2009

first_img >> SIGN UP NOW: GET A FITBIT WITH THIS CAIRNS POST SUBSCRIPTION 7 Webb Cr, East Innisfail $80,000Ray White Rural Innisfail 28 Birdwing St, Craiglie $705,000LJ Hooker — Port Douglas The unit comes with a shared laundry.With a tenant paying $170 per week and body corporate fees coming in at $1779 a year, the unit in the secure Canopy Apartments development sold at a $40,000 loss.It was last sold in 2009. On the top floor, the upgraded studio apartment has a new kitchen with double hotplates and fridge, new vinyl flooring, a dining setting and double bed with a new mattress. There is airconditioning but tenants share a laundry on the ground floor. MID (week ending November 5, 2018) Inside has been freshly renovated.“The buyer was a young investor, a first time investor trying to getting her foot in the door,” he said.“It was no surprise at all it sold for that much, that’s where the market is at right now. Some have sold for just below $50,000 in that block.“It’s a good buy, it gets good rent. You had to be a cash buyer though, it was too small for banks to be lending on it.” 2/10 Shore St, Wongaling Beach $275,000Tropical Property — Mission Beach 9/6 Chester Ct, Manunda$55,000Professionals Cairns South More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago14 Atherton Street, Whitfield 3 Newport Cl, Kewarra Beach$357,000Ray White Cairns Beaches CAIRNS AND SURROUNDS SALES ANALYSIS 14 Atherton St, Whitfield$750,000Twomey Schriber Property Group MID 28 Birdwing St, Craiglie The front of the unit complex.“There are a few owner-occupiers in the complex. It’s a nice complex, it has been well looked after,” Mr Ryland said.With a covered carport, a swimming pool and a short walk to Raintrees shopping centre, Mr Ryland said the property was great buy.He has sent other prospective buyers information about 15/33-35 Bruce Highway, Edmonton, which is in a similar price range. 2/10 Shore St, Wongaling Beach CHEAPEST TOP Unit 9, 6 Chester Court, Manunda sold for $55,000 on October 31, 2018.Professionals Cairns South agent John Ryland was flooded with inquiries about the studio apartment at 9/6 Chester Court before is sold last week for just $55,000.It was the city’s cheapest sale last week, according to CoreLogic data. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:53Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:53 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenThe top 5 Love It or List It makeovers from season 100:54THE owner of a new Manunda apartment might not have been able to get a loan but she will be the envy of all her friends when it gets out just how much she paid for a home three kilometres from the CBD. 3 Newport Close, Kewarra Beach TOP CHEAPEST CAIRNS SALES ANALYSIS (week ending November 5, 2018) 7 Webb Cr, East Innisfaillast_img read more

Kenneth Wuellner

first_imgKenneth Wuellner, 84 of Milan passed away Wednesday March 30, 2016 at Ripley Crossing in Milan. Kenneth was born Monday November 2, 1931 in Milan the son of Harry and Elizabeth (Lattire) Wuellner. Harry later married Mabel Wuellner that raised Kenneth from birth. Kenneth married Betty (Foster) Wuellner May 22, 1954 and she preceded him death February 20, 2006. He was an Army Veteran serving during the Korean War conflict. He worked at Fernald then later retired from Monsanto in 1994.   He was a member of the St. Paul Lutheran Church where he had served as treasurer and on the cemetery board. He was also a member of the Milan VFW.  In his younger years he enjoyed coaching youth baseball, traveling with his wife Betty and spending time with his family.Kenneth is survived by Sons: Keith James Wuellner of Milan, Kevin John Wuellner of Cincinnati; Daughter: Kristy and (Mike) Carpenter of Milan; 4 Grandchildren, 3 Great-Grandchildren.  He was preceded in death by his wife Betty Wuellner,  Great-Grandchild Lillian Rae Dew, and sister Esther (Jim) Kloth.Funeral service will be at 12 Noon Saturday April 2, 2016 at St. Paul Lutheran Church 7124 North State Road 101 Milan.  Burial will follow in the church cemetery with full military honors by the Milan VFW.  Visitation will be 10-12 PM Saturday at the church.  Memorials may be made to Milan VFW, Cancer Society, or  Alzheimer’s Association. Laws-Carr-Moore Funeral Home entrusted with arrangements, Box 243 Milan 47031.  (812)654-2141.  Go to to leave an online condolence message.last_img read more

David O. Smith, 76

first_imgDavid O. Smith, 76, Greensburg, passed away on Wednesday, October 3, 2018 at the Decatur County Memorial Hospital in Greensburg.  Born, October 9, 1941 in Perry County, Kentucky, he was the son of Ray and Reva Marie (Cole) Smith.  David was a former DSI employee.  He is survived by two brothers, Ray Smith, Jr., Hamilton, OH, Gene Smith, Greenwood; two sisters, Louetta Anderson, Greensburg, Leona McDaniel, Dayton, OH; nieces, Susan Clapp, Greensburg, Sondra Davis, Seymour, Celebra Jordan, Decatur Co.; nephews, Mark Smith, Hamilton, OH, Swayne Davis, Hancock Co. and several other nieces and nephews.  He was preceded in death by his parents; one brother, William Smith; one sister, Mona Webb.  Visitation will be held on Saturday from 1 to 3:00 p.m. at the Porter-Oliger-Pearson Funeral Home in Greensburg.  Private graveside services will be held at a later date in the Floral Park Cemetery in Indianapolis.  Online condolences can be made to the family at www.popfuneralhome.comlast_img read more

Impact Grant from RCCF goes to Holton Fire Department

first_imgHolton, In. — The Ripley County Community Foundation, Inc. has proactively awarded a $5,000 Sally Morris Impact Grant to the Holton Volunteer Fire Department for the establishment of a sustainability fund.  The Sally Morris Impact Grant Program was established in 2014 in honor of Sally Morris.  Mrs. Morris was a long-time Executive Director of RCCF who impressed upon the Board of Directors that the needs of the community were ever-changing, and did not always fit within the foundation’s grant eligibility timeframes or funding restrictions.  The Sally Morris Impact Grant Program was designed to provide the Board of Directors with the flexibility to address larger scaled needs more effectively.The need for a sustainability fund for the Holton Fire Department arose earlier this year when the department was planning the construction of a new fire station.  In 2012, a tornado struck the town of Holton and caused the death of three people and extensive damage, including the destruction of homes and businesses.  One goal of the Holton Long-Term Recovery efforts is to construct a community storm shelter within town limits; a new firehouse may be the opportunity to bring that goal to realization.  However, the Fire Department needed assistance in leveraging State funding for the project, the timing of the project prohibited other funding sources, and the specific need did not fit within RCCF’s large grant guidelines.  Thanks to the Sally Morris Impact Grant Program, RCCF was able to provide the needed assistance and create a long-term source of funding for the prevention of, and fighting of fires, in Holton.Executive Director of the Ripley County Community Foundation, Amy Streator, states, “The Ripley County Community Foundation wants to provide sustainability for the Holton Fire Department because we value the emergency services provided and understand the substantial benefit a new firehouse could have on the residents of Holton.  Additionally, the partnership this sustainability fund forges between the Community Foundation, the fire department, and the Holton community is invaluable and is another way the community foundation serves Ripley County.”To donate to the Holton Fire Department Sustainability Fund, or to donate to the cause or charity of your choice, contact the Ripley County Community Foundation at 13 E. George Street, Suite B, Batesville, IN 47006, (812) 933-1098 or go online here.last_img read more