Louis Garneau celebrates new U.S. headquarters

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Governor Peter Shumlin helps Louis Garneau cut a ribbon to symbolize the opening of his company’s new Derby facility.  Flanking the pair, from left to right, are Paul Garneau, Mr. Garneau’s father; Josée Ferland, company vice-president; Jeanine Garneau, Mr. Garneau’s mother; Megan Sullivan of Congressman Peter Welch’s office; Monique Arsenault, Mr. Garneau’s wife; William Garneau; and Victoria Garneau.  Edouard Garneau, Mr. Garneau’s other son, is not visible in the photograph.  Photo by Joseph Gresser

Governor Peter Shumlin helps Louis Garneau cut a ribbon to symbolize the opening of his company’s new Derby facility. Flanking the pair, from left to right, are Paul Garneau, Mr. Garneau’s father; Josée Ferland, company vice-president; Jeanine Garneau, Mr. Garneau’s mother; Megan Sullivan of Congressman Peter Welch’s office; Monique Arsenault, Mr. Garneau’s wife; William Garneau; and Victoria Garneau. Edouard Garneau, Mr. Garneau’s other son, is not visible in the photograph. Photo by Joseph Gresser

copyright the Chronicle August 20, 2014

by Joseph Gresser

DERBY — A champagne toast celebrated the opening of the brand new U.S. headquarters of a family business that started in a Quebec garage 30 years ago. Louis Garneau, the founder of the company that bears his name, raised a glass along with Governor Peter Shumlin, state senators Bobby Starr and John Rodgers, local officials, and a host of other guests Thursday morning, August 14.

The toast followed the ceremonial ribbon cutting that inaugurated the 60,000-square-foot building.

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Farm bill passes U.S. Senate

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Photo by Bethany M. Dunbar

Photo by Bethany M. Dunbar

copyright the Chronicle February 5, 2014

by Bethany M. Dunbar

The federal farm bill passed the U.S. Senate Tuesday, 68 to 32.

The bill includes a key provision for dairy farmers, called a Margin Protection Plan.  Similar to crop insurance, it allows farmers to buy into a plan that will protect their prices should the federal milk price normally paid to them drop, or should their production costs rise dramatically.

A statement from U.S. Senator Patrick Leahy says the hoped-for supply management plan that was in the Senate version of the bill was stripped out.  But as a member of the conference committee, Senator Leahy was able to make a change that will help smaller dairy farmers more than large corporate farms.

Small farms will be able to enroll at lower rates and get higher protection, the statement explains.

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House votes down farm bill

A group of heifers hang out in Brownington.  Photo by Bethany M. Dunbar

A group of heifers hang out in Brownington. Photo by Bethany M. Dunbar

by Bethany M. Dunbar

WASHINGTON, D.C. — The U.S. House of Representatives has rejected the five-year farm bill, 234 to 195.

Congressman Peter Welch of Vermont was among the no votes.

Mr. Welch supported the bill as it was passed by the House Agriculture Committee, but in a telephone interview Tuesday he said he was among the Democrats who voted against the bill on the floor on Thursday, June 20.

An amendment supported by House Speaker John Boehner was just too drastic, he said.  The speaker encouraged several changes, including stripping out a dairy insurance and supply management plan for farmers.  Also, cuts to nutrition programs to help low-income families were severe, Mr. Welch said.

He said some Republicans wanted to drastically cut nutrition spending, and people who received help with food costs would be required to take drug tests and go into a work program.

“You had to go into a work program that didn’t exist,” Mr. Welch said.

States would also get financial benefits for getting people off the programs.  In other words, the provisions were designed to get rid of nutrition programs, Mr. Welch said.  He said he just couldn’t vote yes in good conscience.  He hopes a new version of the bill will be developed.

“I’m more disappointed about the farm bill going down than just about anything I’ve done in Congress,” he said.

The House Agriculture Committee bill had bipartisan support, he said, and would have included cuts to food programs that were more severe than the Senate’s version.  But Mr. Welch said he supported the committee bill because he was confident it could be repaired in a conference committee.

Asked what now, Congressman Welch said, “It’s really Mr. Boehner’s decision.”  He added,  “America needs a farm bill.  It’s outrageous, basically, to give rural America the back of our hand.”

A letter Mr. Boehner wrote to his colleagues asks them to support an amendment called the Goodlatte/Scott amendment to cut dairy programs and get rid of supply management.

“Taxpayers have shelled out $5.44-billion for dairy programs since the 2002 Farm Bill (which I voted against),” says the letter.

Mr. Welch said the dairy program in the committee bill was a good plan, spearheaded by Vermont farmers.  It would have gotten rid of subsidies, replacing them with a margin insurance plan and supply management.

The Senate version of the bill, as outlined by Senator Pat Leahy last year, reduced spending by more than $23-billion.  Dairy farmers would have the option to buy margin insurance to protect their prices when the federal milk price drops below the cost of production.  The supply management provision would discourage overproduction of milk by paying less if a farmer increases production at times when the price is down.  The insurance would be available at a lower price for the first four million pounds of milk, about the annual production of 200 to 250 cows.

The U.S. Senate has passed a farm bill twice.  After the no vote on Thursday, Senator Patrick Leahy issued a press release saying the House Republican leaders “trumped practicality with ideology, at the expense of farmers and consumers and millions of families who constantly struggle to keep hunger and malnutrition at bay.”

The farm bill covers dairy policy and nutrition programs.  The Supplemental Nutrition Assistance Program (SNAP) is an $80-billion program.  The House version of the farm bill would have cut it by $20-billion while the Senate version would have cut it by $4-billion.

In the past, the farm bill has also helped create jobs in rural areas through a program called the REAP zone.  It has funded environmental protection programs.  The Senate version of the bill included these provisions and others to help farmers get organic certification and to expand farmers markets.

Some of Mr. Welch’s priorities for the farm bill are disaster insurance for vegetable growers, promoting local fruits and vegetables in school lunches, and helping pay for efficiency improvements for maple sugarmakers, grants for maple research, and opening state lands to maple sugaring.

contact Bethany M. Dunbar at bethany@bartonchronicle.com

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Stenger outlines plans worth $600-million

Bill Stenger. left, and U.S. Senator Patrick Leahy

copyright the Chronicle 10-3-2012

by Joseph Gresser

JAY — A $600-million investment plan set out by the owners of Jay Peak Resort Thursday could change the face of the Northeast Kingdom over the next three years.  In the process it could create ten thousand new jobs.

That was the message Bill Stenger, co-owner and president of the resort, delivered in a pair of press conferences, one held at Jay Peak, the other at the Gateway Center on Newport’s waterfront.

Sharing the stage with Mr. Stenger were U.S. Senators Patrick Leahy and Bernie Sanders, Congressman Peter Welch and Governor Peter Shumlin.

Most of Mr. Stenger’s plans focused on Newport.  They included construction of a new hotel and conference center on the site of the present Waterfront Plaza, the replacement of the Spates block with a five-story commercial and residential building, and construction of a 75,000-square-foot research building for AnC Bio, a bio medical research company.

any of the major players in Vermont politics mingle before the press conference announcing Jay Peak’s new investments. Developer Tony Pomerleau, seated at left, talks with Governor Peter Shumlin. Seated next to Mr. Pomerleau is his niece, Marcelle Leahy, who is speaking with her husband, Senator Patrick Leahy. Standing behind Senator Leahy is U.S. Senator Bernie Sanders. Jay Peak co-owner and president, Bill Stenger, waits at the podium at the far right to begin his presentation. Photos by Joseph Gresser

Mr. Stenger also announced that a German window manufacturer will move to Newport and set up shop in a portion of the old Bogner Building.

The Newport State Airport in Coventry will also get a makeover as Mr. Stenger and his business partner, Ariel Quiros, take over the operation of the field.  They will continue to work with Dan Lathrop of Lakeview Aviation, the current operator of the airport, and will add several hangers, a new terminal building and bonded warehouses.

Mr. Stenger did not completely ignore his skiing properties.  At Jay Peak plans call for an expansion on the Stateside of the mountain where a hotel will be added.  An entirely new area is to be developed in the West Bowl, where a second new hotel is planned.

Mr. Quiros and Mr. Stenger bought the Burke Mountain ski area recently and announced a $102-million project that will include four new ski lodges there.

Ninety percent of the projects’ costs will be funded by money raised from the EB-5 visa program, which grants Green Cards to foreign citizens who invest $500,000 in an approved project that creates at least ten permanent jobs.  The new jobs can be created directly by the projects or indirectly as a result of increased economic activity spurred by the new businesses.

The expected total of over $500-million in EB-5 funds must result in more than 10,000 direct and indirect jobs before all Green Cards are issued by the federal government.

The EB-5 program, which has financed most of the $250-million in improvements made at Jay Peak over the past five years, was slated to expire this month.   Congress recently passed a bill reauthorizing the program for another three years, which President Barack Obama signed into law Friday, September 28.

Mr. Stenger gave much of the credit for the three-year extension of the visa program to Senator Leahy.  Unless the EB-5 program gets a further extension, the projects outlined by Mr. Stenger will have to be completed by 2015.

In his remarks Senator Leahy said he already has his staff working on a bill that would make the visa program a permanent part of U.S. law.

The backgrounds of those who seek to participate in the EB-5 program are investigated by federal immigration officials, as is the source of the funds to be invested.  Federal officials also must certify that the expected jobs have been created before a participant is given final resident status and a path to U.S. citizenship.

Mr. Stenger began his explanation of his investment plans by talking about the work that has been done at Jay Peak Resort over the past five years.  He said construction of two new hotels, a golf course and clubhouse, an indoor ice rink, and water park has resulted in a five-fold increase in Jay Peak’s payroll.

At present the ski area employs 1,200 people, Mr. Stenger said.

He said that Jay Peak has completed 75 percent of its expansion plans.  He said the resort plans to spend $170-million between 2013 and 2015 to build 100 homes, new lifts, an 84-unit hotel and a medical center on the Stateside portion of the ski area.

Mr. Stenger said Jay will build new lifts and trails as well as a new hotel in the West Bowl area of Jay Peak.

Moving east, Mr. Stenger outlined plans that would radically reshape the city of Newport.  Along with Mr. Quiros, Mr. Stenger plans to buy the block on the south side of Main Street between Second and Center streets from Doug and Vivian Spates.

The Spates block on Main Street in Newport occupies the space between Second and Center streets. Plans announced Thursday, September 27, at the Gateway Center call for the whole block to be torn down and replaced with a new five-story building combining retail, commercial and residential spaces.

Conceptual drawings by Black River Design show the new Renaissance Block across Main Street from the Goodrich Memorial Library. The top floors are designed to provide residents with a view of Lake Memphremagog. Drawings courtesy of Jay Peak Resort

Plans call for the Spates Block to be razed and replaced with a five-story building.  In accordance with Newport’s zoning code the ground floor would be devoted to retail space.  The second story will be devoted to office or other commercial uses, Mr. Stenger said, while the top three floors will be residential.

An architect’s rendering of the block showed a couple on the top floor of the building, enjoying a view of Lake Memphremagog from the terrace of their penthouse apartment.

The building, which will be called the Renaissance Block, is expected to cost $70-million and is slated for completion in 2014.

The following year the Newport Marina Hotel and Conference Center is scheduled to open on the site of the present Waterfront Plaza on the Causeway.  The cost of the 600-bed hotel is estimated to be $100-million.

The Newport Marina, Hotel and Conference Center, seen here in an architect’s rendering, is proposed for construction on the site of the present Waterfront Plaza.

Mr. Stenger said he is in discussions with Burlington developer Tony Pomerleau to purchase the property, which has extensive frontage on Lake Memphremagog.  Mr. Pomerleau was saluted for his contributions to the state at the press conference, which took place on the eve of his ninety-fifth birthday.

Mr. Stenger described the two projects as bookends for Newport’s Main Street, and asked his listeners to imagine a walk from the hotel up the city’s boardwalk and back down Main Street.

The other Newport developments will be concentrated at the former Bogner property, which was purchased by AnC Bio, the U.S. division of a South Korean biotechnology company.  Mr. Quiros and Mr. Stenger are owners of the U.S. division of AnC.

The biotech company will start manufacturing and distributing products from the existing 90,000-square-foot Bogner building in the spring of 2013.

Work on a 75,000-square-foot research center is to begin next fall at a total cost of $104-million.  The glass tower will essentially be a copy of the company’s research building in Seoul, South Korea.  Inside there will be clean rooms, equipment and research facilities available for lease by other companies or universities, according to William Kelly, the counselor for AnC Bio and Jay Peak.

Mr. Kelly said he expects that researchers will be drawn to the new facility because of the availability of the equipment.

The former Bogner building will have a second manufacturing tenant, this one a German manufacturer of energy-efficient windows.

Mr. Stenger said that one of the people who looked into investing in Jay’s EB-5 program turned out to be someone whose work involved scouting locations in the U.S. where foreign companies might want to locate.

He brought the Newport area to the attention of the owners of Menck Window Systems, who visited the area several times before committing to locating in Newport.

Mr. Stenger said representatives of the company, a 134-year-old family owned concern, were very impressed that Lawrence Miller, secretary of the state’s Agency of Commerce and Community Development, attended the meetings and was solicitous of their needs.

Bringing Menck to Newport will require a $20-million investment, he said, but will result in at least 140 full-time manufacturing jobs.

The Newport State Airport in Coventry will also see considerable investment.  The Federal Aviation Agency will extend the existing runway by 1,000 feet next year from 4,000 feet to 5,000 feet.

This, Mr. Stenger said, will make it possible for larger planes to land and take off, and change the economics of the field.

The existing  runway is to be resurfaced and a separate taxi-way will be built, Mr. Stenger said.

Plans call for the Jay Peak partners to take over operations of the airport, and build a new 10,000-square-foot terminal building, two 15,000-square-foot hangars, a 14,000-square-foot aircraft manufacturing and repair facility, and a 40,000-square-foot bonded warehouse in anticipation of the creation of a Free Trade Zone in Orleans County.

Work at the airport is expected to cost $20-million and be done between 2013 and 2014.

Mr. Stenger credited Senator Leahy with shepherding the visa program bill through the Senate, and thanked Congressman Welch for his work getting it passed by the House.  The legislation passed with overwhelming margins in both bodies.

Each member of the Congressional delegation spoke at the two press conferences, as did Governor Shumlin.  All praised Mr. Stenger and Mr. Quiros for their vision.

Senator Sanders said, “The most popular sport in America is complaining about the federal government.  What you are seeing here is a marriage and partnership between private business and federal, state and local government.”

Secretary Miller, speaking at the Gateway Center press conference, provided assurance that Mr. Stenger’s plans are likely to come to fruition.

He said that sophisticated investors from around the world have carefully examined Mr. Stenger’s plans and made half-million-dollar investments in his projects.

As to whether there are 5,000 people with the skills to take jobs in the new businesses, Mr. Miller pointed out that many people have left the state in search of work.

“We want them back.  We want them home,” Mr. Miller said.

To any who may doubt the reality of his plans, Mr. Stenger offered this assurance:  “We have the mission, we have the vision, we have a love for this community.  We will make it happen.”

contact Joseph Gresser at joseph@bartonchronicle.com

For more free articles from the Chronicle like this one, see our Editor’s Picks pages. For all the Chronicle’s stories, pick up a print copy or subscribe, either for print or digital editions.

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