Vermont Pension Fund Committee Seeks Economically Targeted Investments

first_imgMONTPELIER, Vt.-Vermont State Treasurer Jeb Spaulding announced today that the Vermont Pension Investment Committee has issued a request for proposals soliciting investment opportunities intended to support economic and community development in Vermont. This is the second year that VPIC has requested such proposals, after adopting a policy on economically targeted investments in 2006. VPIC oversees more than $3 billion in retirement funds for Vermont teachers, state employees, and municipal employees.According to Spaulding, this initiative is unrelated to the recent debate in the Legislature regarding a proposal by Governor Jim Douglas to require that Vermont’s pension fund managers buy Vermont Housing Finance Agency bonds. The 2006 economically targeted investment policy passed by VPIC requires an annual request for proposals.”VPIC agreed a year and a half ago that, to the extent it can support economic and community development in Vermont without sacrificing investment performance, it makes sense to do so,” said Spaulding. “The proposal to require VPIC to buy the bonds, regardless of whether or not they thought it passed muster from an investment perspective, was rejected. However, I’m hopeful that the VHFA will submit a proposal. If the anticipated returns are appropriate, I am confident VPIC will seriously consider an investment in VHFA bonds.”Economically targeted investments are intended to generate market rate returns, while providing collateral benefits that enhance quality of life and promote economic activity in a targeted area in this case Vermont. Types of investment opportunities that may be appropriate for pension fund investments could include affordable housing, energy efficiency, venture capital, or timber.”VPIC trustees take seriously their responsibility to protect the retirement security of workers and retirees. In that regard, this initiative does not reduce their obligation. The economic or social benefits of a proposal will not justify lower returns or inappropriate levels of risk,” Spaulding explained. “We don’t want to limit the field of investment possibilities, and are hopeful that creative minds will look at our policy and submit innovative proposals that meet our criteria.”Last year, the Vermont Pension Investment Committee agreed to invest up to $2 million in Green Asset Partners, contingent upon certain conditions being met. Green Asset Partners proposes to provide an innovative real estate product which leverages conservation dollars and enhances land protection while striving to meet or exceed the annualized average return for private real assets.Proposals must be submitted to the State Treasurer’s Office by June 25, 2008, at 2 p.m. In order to be considered, proposals must, at a minimum:·Target risk-adjusted, market-rate returns equivalent to or higher than other available investments in a similar asset class;·Provide a substantial, direct, and measurable benefit to economic or community development within the State of Vermont; and·Be managed by an experienced and capable manager in an applicable asset class; no direct investments will be considered.Parties interested in receiving more information on the program should go to the State Treasurer’s web site at www.VermontTreasurer.gov(link is external) or call (802) 828-5197.last_img read more

Uganda’s African rookies KCCA desperate to topple giants Ahly

first_imgRapidly improving Congolese Ben Malango bagged a brace and will need close policing in Morocco from Difaa el Jadida, who exceeded expectations by holding Mouloudia Alger 1-1 in Algeria.Setif host Mouloudia in an Algerian derby and another loss for the two-time champions would all but end their challenge just a third of the way through the mini-league phase.Group CWhile it is dangerous to assume any fixture is a foregone conclusion, it would be a sensation if defending champions Wydad Casablanca of Morocco fail to defeat visiting Port of Togo.Wydad drew 1-1 at 2016 champions Mamelodi Sundowns of South Africa through an Ismail el Haddad header while Port were the only matchday 1 losers at home, falling 2-1 to Horoya of Guinea.Horoya host Sundowns in Conakry on May 22 as the Pretoria club play Lionel Messi-inspired Spanish league and cup winners Barcelona in a friendly in Johannesburg this Wednesday.Group DEtoile Sahel of Tunisia and Mbabane Swallows of Swaziland can move three points clear of Zesco United of Zambia and Primeiro Agosto of Angola if they use home advantage to maximum effect.Swallows created a stir last year by making the last 16 of the second-tier CAF Confederation Cup and host Primeiro in Manzini having come from behind to hold Zesco 1-1 in Ndola.There was a similar scoreline in Luanda between Primeiro and Sahel, whose 4-1 thrashing by Club Africain in the Tunisian FA Cup final at the weekend was a bitter blow before hosting Zesco. KCCA fans celebrate a victory at Lugogo. A new atmosphere awaits football fans at Namboole on Tuesday. PHOTO KCCA MEDIATUESDAY: KCCA FC (Uganda ??) vs Al-Ahly (Egypt ??)Johannesburg, South Africa | AFP |  Rookies Kampala Capital City Authority of Uganda and record eight-time winners Al Ahly of Egypt will be equally desperate for CAF Champions League matchday 2 points when they clash Tuesday.Both clubs began their Group A campaigns disappointingly with Ahly held 0-0 at home by Esperance of Tunisia and Kampala losing 1-0 away to Township Rollers of Botswana.“This is a very important match for us and it will not be easy, but we hope to win,” Ahly coach Hossam el Badry told reporters when the African giants arrived in the Ugandan capital.His counterpart is confident his side can pull it off. ” I have a group of players who are quite expressive. Fans should expect a very entertaining game at the Mandela National Stadium on Tuesday. I do not care if we win 4-3,” said coach Mike Mutebi.There are six fixtures this Tuesday, one on Wednesday and one next Tuesday and AFP Sport takes a group-by-group look at what is at stake.Group AThe Kampala-Ahly clash in Namboole is a potential cracker as the Egyptians dare not lose while the Ugandans must win to be realistic contenders for a top-two finish and a quarter-finals spot.El Badry has kept faith in young South African Phakamani Mahlambi, including him in the squad after he squandered several good chances to break the deadlock against Esperance.The Tunisians will lack injured striker Taha Yassine Khenissi at home to Rollers in Rades, but it would be a shock if the two-time champions failed to secure full points.Mutebi giving instructions to Ivan Ntege before the latter was introduced in the CAF Confederation tie against Club Africain at Lugogo last year. He has since moved to Botswana, for Township Rollers who edged KCCA 1-0 in the Group’s opening match. PHOTO KCCA MEDIA Group BTP Mazembe of the Democratic Republic of Congo made a fantastic start to what is widely regarded as the toughest group by hammering Entente Setif of Algeria 4-1 in Lubumbashi.center_img Share on: WhatsApplast_img read more

Police: Daytona Man Wanted to Kill 100 People in Mass Shooting

first_imgA Daytona Beach man is in trouble for apparently sending his ex-girlfriend text messages claiming that he wanted to commit a mass shooting.According to the Volusia County Sheriff’s Office, A 25-year-old Tristan Scott Wix was arrested on Friday.Deputies say that he sent the woman text messages that read, “A school is a weak target..id be more likely to open fire on a large crowd of people from over 3 miles away… I’d wanna break a world record for longest confirmed kill ever.” Another message reportedly stated, “But a good 100 kills would be nice. I already have a location (laughing cry face emoji) is that bad?”The ex-girlfriend called deputies, who found Wix in a Winn-Dixie parking lot in Daytona Beach Shores and arrested him. He told the deputies he does not own any firearms, but that he is “fascinated” with mass shootings.Wix faces charges of making threats to commit a mass shooting. He is being held without bond at the Volusia County Jail.The incident comes nearly two weeks after mass shootings in El Paso, Texas and Dayton, Ohio, that killed 31 people.last_img read more

Public Input Sought For Woodland District Planning Update

first_imgFacebook0Tweet0Pin0 Submitted by City of LaceyLACEY, WA, January 22, 2013: The public is invited to participate in the second of a series of planning sessions to enhance Lacey’s Woodland District, a mixed-use sub-area of the city’s central business district, on Wednesday, January 30, 2013, from 5:30 to 7:30 p.m. The meeting will be held in the Lacey City Hall Council Chambers, 420 College Street SE.In partnership with the Thurston Regional Planning Council (TRPC), Lacey is developing a strategic plan for the district—bordered by Interstate 5, College Street, Lacey Boulevard, and the Chehalis Western Trail—to create a vibrant urban core featuring a mix of residential, office, business, recreation, and service uses. Recent consolidation of state agencies in response to the economic downturn has resulted in nearly 240,000 square-feet of vacant office space in the district. While this has had a negative impact, it also offers an opportunity to diversify the district’s employment base.The workshop will be an interactive presentation which will utilize hand-held instant polling equipment to formulate concepts, establish preferences, and refine design elements. The data gathered will inform the Woodland District Steering Committee and policy-makers on current strategic planning efforts, including concepts that can be successfully implemented immediately as well as broader actions that can be incorporated into land use planning element updates to Lacey’s overall comprehensive plan.To learn more, visit www.ci.lacey.wa.us/get-involved, or contact Ryan Andrews, Associate Planner, at randrews@ci.lacey.wa.us or (360) 491-5642.last_img read more

Pizza Klatch is Searching for its Next Executive Director

first_imgFacebook48Tweet0Pin0Submitted by Pizza KlatchPizza Klatch, a 501(c) (3) nonprofit organization based in Thurston County, Washington, is searching for its next Executive Director.  This is a full-time, salaried position.Pizza Klatch is a nonprofit dedicated to helping LGBTQ+ youth in our area. Photo courtesy: Pizza KlatchFor more information on the responsibilities and duties this position as well as employment details, please download the full job listing and send a resume and three references to Pizza Klatch Board President Marissa Rathbone, marissa@pizzaklatch.org.Our MissionTo foster resiliency in LGBTQ+ youth and create a safe and positive school experience through support, education and empowerment.Our VisionLGBTQ+ youth will be empowered to self-advocate, build community, develop confidence, and easily access resources as they explore and develop their identities.  School will be a positive and supportive space where LGBTQ+ youth are accepted and celebrated – free to learn without violence, harassment, discrimination, suicidal ideation or self-harm.Pizza Klatch offers weekly support groups for Lesbian, Gay, Bisexual, Transgender, Queer and Questioning Youth (LGBTQ) and their allies in Thurston County, Washington.  PK provides free pizza, two trained facilitators for each group, and a convenient and safe forum for discussion and education.  Presently there are   19 Pizza Klatch groups at 11 local high schools, attended by 8-25 students per lunch, approximately 300 youth per week.Organizational Goals●    Decrease suicide and suicidal attempts of LGBTQ+ students.●    Reduce bullying in schools, reduce self-harm and risky behavior.●    Help students to feel strong enough to intervene when they witness bullying.●    Lend support so LGBTQ+ students feel less isolated in the school setting and will be more apt to graduate.●    Educate group members on various subjects and resources related to gender identity, sexual orientation, and social justice.For more information about Pizza Klatch, check out the Pizza Klatch website.last_img read more

Center for Business & Innovation Satellite Office Opens in Yelm

first_imgFacebook26Tweet0Pin1Submitted by City of YelmThe Thurston Economic Development Council (EDC) and the South Thurston Economic Development Council (STEDI) launched a Center for Business & Innovation (CB&I) satellite office in partnership with the City of Yelm. The satellite office is open 2:00 p.m. to 5:00 p.m. every Tuesday at Yelm City Hall.“We are thrilled to be able to partner with the City of Yelm & the Yelm Chamber of Commerce to help support and grow their local businesses! We love to work alongside cities and chambers to help start and foster sustainable businesses that become key parts of the local community. We know business owners are loaded down with so much to do these days, we hope that by locating our services closer to them we will be able to support them better,” Kaylee Purcell Director CB&I said.The CB&I exists to support people from the idea phase of starting a business to scaling a successful medium size business with up to 100 employees. We offer one-on-one coaching, workshops, and additional resources to help start, grow, and streamline business development. CB&I resources include Washington Center for Women in Business, Washington Procurement Technical Assistance Center, Senior Core of Retired Executives, Small Business Development Centers, and STEDI.“We are looking forward to the strengthening our partnership with the Center for Business & Innovation by opening this satellite office in Yelm,” Michael Grayum, City Administrator said. “The technical and strategic support they provide will help current and future businesses continue to thrive in our growing community.”In addition to the satellite office, the CB&I, City of Yelm, Yelm Area Chamber of Commerce and the Washington Center for Women in Business will hold two workshops: “Where’s My Money? A Cash Flow System to Help You Keep Your Profit and Sanity,” 2:00 p.m. – 4:00 p.m. September 18, and “How to Start a Business: A Step by Step Road Map to Start Your Successful Small Business,” 6:00 p.m. to 8:00 p.m. October 2. The workshops will take place in the Council Chambers at Yelm City Hall.“The Yelm Chamber is so excited to cement our partnership with the Economic Development Council and CB&I, and the City of Yelm, to ensure that business owners have the resources they need to thrive, right here in the heart of Yelm. We hope that business owners will take advantage of these benefits, visit the satellite office, and attend workshops that will take place.” said Line Critchfield, Executive Director of the Yelm Area Chamber of Commerce.The Satellite Office is open for walk-in visitors 2:00 p.m. to 3:00 p.m. and scheduled appointments 3:00 p.m. to 5:00 p.m. To schedule an appointment contact Ryan Norskog, 360-464-6060 or email him at rnorskog@thurstonedc.com.For more information about the Thurston EDC CB&I Yelm Satellite office visit https://thurstonedc.com/cbi/ or contact George Sharp, Rural Program Manager at 360-464-6043 or gsharp@thurstonedc.com.Workshop DetailsWhere’s My Money?  A Cash Flow System to Help You Keep Your Profit and SanitySeptember 18, 2:00 p.m. – 4:00 p.m., Yelm City Hall Council Chambers, 106 Second St. SE, Yelm, WA 98597Inadequate cash flow closes more businesses than lack of profit. A small business can be making a profit each year and still not have enough cash flow to make ends meet (payroll and overhead) each month, and the first 5 years are your most vulnerable. In this 2-hour workshop we will work on an actual cash flow projection for the next year (so bring your pencil and paper/laptop),  and give you all of the tools to understand cash flow and how to protect your profit, manage for growth and slow periods, know when you should hire, fire, and/or hold your position. If you have been meaning to learn more about your finances, or if you are stressed every month over money, this workshop is for you! Both workshops are taught by Tawn Holstra Auston, Rural Business Coach for the Washington Center for Women in Business Rural Services Program.How to Start a Business:   A Step by Step Road Map to Start Your Successful Small Business!October 2, 6:00 p.m. – 8:00 p.m., Yelm City Hall Council Chambers, 106 Second St. SE, Yelm, WA 98597If you have a small business and are in your first year, or if you want to start a business, you can come and have all your questions answered, address your concerns/problems/sticking points, and start to strategize for the next 12 months. You can be making money in your business within a few months and design a road map for your success! A year from now, you will wish you started today.About the Thurston Economic Development Council and Center for Business & Innovation: The Thurston Economic Development Council has been supporting a strong economy in Thurston County since 1982 with a mission to create a dynamic and sustainable economy that supports the values of the people who live and work in Thurston County. At the foundation of the work we do are three main principles: recruit, retain, and expand. We work to maintain the health of local businesses by offering technical assistance, and providing advocacy on their behalf. We present market opportunities to Thurston County employers, providing support for them to expand their operations. We actively attract investment and employment opportunities into our region through outreach, promotion and trade missions.last_img read more