Vermont Could Receive Over $25 Million in Home Heating Funds

first_imgVermont Could Receive Over $25 Million in Home Heating FundsWaterbury, Vt.-Governor Jim Douglas praised the U.S. House of Representatives for their historic vote on September 25, 2008, to fully fund the federal Low-Income Home Energy Assistance Program (LIHEAP) at $5.1 billion, the maximum funding level authorized for fiscal year 2009.Governor Douglas said the LIHEAP provision was included in the House-passed version of a Continuing Resolution which would fund the vast majority of government programs at fiscal year 2008 levels through March 2009.”The House’s decision to fully fund the LIHEAP program for this coming year-at nearly double the 2008 appropriation-is an indication that they understand the critical importance of the LIHEAP program for all states,” said Governor Jim Douglas. “I want to thank Congressman Welch for his leadership on this issue and his colleagues for their support for this critically important program. The northeastern governors are all very grateful that the House has responded to our calls for full funding of LIHEAP.””We now urge the Senate and president to quickly follow suit,” Governor Douglas continued. “If they can find $700 billion to bailout Wall Street, surely than can find the resources to keep low income Americans warm this winter.”Last year, Vermont received a LIHEAP block grant of $11.7 million, and an overall total of nearly $19.4 million in funding, when contingency funding is included in the equation.Governor Douglas said if the Senate passes the measure supported by the House, and the President signs it into law, Vermont stands to receive almost $25.6 million in block grant funding from the program. This is more than double last year’s base funding, at almost $14 million.”Vermont was able to provide the most generous LIHEAP benefit in the nation to low-income residents last year,” added Secretary of the Agency of Human Services Cynthia D. LaWare. “Due to the skyrocketing costs of home heating fuel this year, the LIHEAP program must be fully funded if we are to ensure a similar benefit level to our LIHEAP recipients this year. The House’s commitment to this issue is a very positive step toward making this a reality, and I urge the Senate and the President to address this issue immediately.”Vermont is actively engaged in a variety of statewide efforts to address the challenge of rising fuel and food costs. For more information about the Governor’s Fuel and Food Partnership, and what State and community partners are doing to help keep Vermonters warm this winter, please visit: http://helpforvt.org/(link is external)###last_img read more

Team Liquid stakeholder aXiomatic receives $25,000,000 investment

first_imgaXiomatic, an ownership group that acquired a controlling stake in Team Liquid in September 2016, has brought in $25,000,000 (£18,777,875) in a Series B investment funding round led by Golden State Warriors’ executive board member Bruce Karsh.First reported by ESPN, this investment was discovered via an April document filed with the Securities and Exchange Commission.The round included investment from current, existing board members of aXiomatic; including Ted Leonsis, Owner of Washington Wizards, Peter Guber, Co-Owner of Golden State Warriors, and Jeff Vinik, Owner of Tampa Bay Lightning. Vernon & Park Capital, a private equity capital firm, also invested into the group.As part of this investment, Karsh has joined the board of aXiomatic. Originally the co-founder of Oaktree Capital Management, which he launched in 1995, Karsh has plenty of experience in investment and adds a wealth of knowledge to the board.Karsh discussed the investment in a media release: “I am delighted to team up again with my Golden State Warriors’ partner, Peter Guber, whom I consider to be a visionary in the sports and entertainment worlds. And the opportunity to become partners with Ted Leonsis and Jeff Vinik, two other highly accomplished sports, entertainment and financial wizards, was an equally compelling consideration. With the skilful guidance of my partners and our co-founder and CEO Bruce Stein, I expect aXiomatic and Team Liquid to enjoy a fantastic future.”As well as having a majority stake in Team Liquid, aXiomatic has shares in esports tournament organiser, Super League Gaming.Esports Insider says: Team Liquid is performing well in a number of titles and continues to grow, so there’s no surprise that its parent company has received such a sizable investment. It’s a good sign that existing investors have increased their contribution, too.last_img read more