Vermont’s Creative Economy

first_imgVERMONT ARTS COUNCIL CELEBRATES 40 YEARS OF SUPPORTINGTHE “CREATIVE ECONOMY”Arts Council applauds today’s release of “Advancing Vermont’s CreativeEconomy”by the Vermont Council on Rural DevelopmentMontpelier, Vt. (October 4, 2004) The release today of “AdvancingVermont’s Creative Economy” by the Vermont Council on Rural Development clearly shows that there are social and economic benefits to investing in the arts and culture. According to the report, communities that have thriving cultural centers are more likely to attract business and entrepreneurs than those that do not. The Vermont Arts Council has been working under this premise 1964 and, coincidentally, will begin at year-long celebration of its 40th anniversary this month.”The release of this report couldn’t come at a better time,” said artist, teacher, and Chair of the Arts Council’s board of trustees, Irwin Gelber of Barnet. “Next week, on October 16th at Marlboro College, the Council will kick off the celebration of its 40th Anniversary. It is a great anniversary gift to have this public recognition of what we, who work in the arts, have always known: The arts are central to our quality of life. The arts play a major and often pivotal role in our economy and perhaps most importantly, the arts are a priority in our children’s education.”In addition to providing individual grants and awards to Vermont artists, the Arts Council promotes enduring ways to make the arts a part of all Vermont communities, bringing enjoyment and inspiration to citizens and visitors in all corners of the state. To accomplish this, the Arts Council partners with other public benefit organizations at the local, state and national level, as well as with the private sector in education, human services, and economic development.The Cultural Facilities Grant Program is just one example of how the Arts Council supports a “creative economy.” The Cultural Facilities Grant Program, which is funded by the Legislature and administered by the Vermont Arts Council, provides grants for the improvement of community facilities that provide cultural activities. Recipients of Cultural Facilities Grants include: the Vergennes Opera House, the renovation of which sparked a renewal of the entire downtown area; improvements to the stage lighting at Damon Hall in Hartland; and the addition of accessible restrooms to the Hardwick Town House in the Northeast Kingdom. The “Advancing Vermont’s Creative Economy” report recommends a 400% increase in funding for this grant program from its current $50,000 level to $200,000 annually.”The Cultural Facilities Grant Program is ‘the little engine that could’ of downtown redevelopment and community renaissance,” said Alex Aldrich, Executive Director of the Vermont Arts Council. “Most of the grants we award go toward the improvement of historical buildings in the heart of Vermont’s communities so that a greater variety of cultural activities can be provided to the people of those communities.”Aldrich also sees huge potential in the report’s recommendation #8 that Vermont’s state economists “Track and Report the Impact of the State’s Creative Economy.” “For years, those of us in the arts, humanities, and preservation fields, have seen the impact of our work on community development. Now we have an independent and authoritative voice advocating that this sector deserves public research and investment,” said Aldrich.The Vermont Arts Council was founded in 1964 with a mission to support artists and strengthen the role of the arts in the lives of people and communities. The Council fosters classical, traditional, and emerging forms of artistic expression by functioning as a community partner and a catalyst for artists and organizations. It offers professional development opportunities and technical advice, collects and disseminates arts information, and acts as the state’s foremost arts advocate. For more information about the Vermont Arts Council or its 40th Anniversary Celebration, please call (802) 828-5422 or visit www.vermontartscouncil.org(link is external).Executive SummaryThe creative economy is critical to the future competitiveness of Vermont in the global marketplace. Vermonts heritage, arts and culture are integral strengths. They are an economic sector in Vermont today; they also provide a foundation to the sense of place and creative workforce critical to innovation in other sectors, add value to the Vermont brand, and magnify the attractive power of Vermont as a location to do business. The creative economy is a hidden economic driver, one that deserves understanding, recognition, and investment.The Vermont Council on Culture and Innovation (VCCI) was convened in May 2003 by the Vermont Council on Rural Development. VCCIs charge was to evaluate the role of and challenges to the creative economy in the state and to build a practical and strategic plan for its advancement. This Action Plan is the product of that work. This report makes specific recommendations for how to grow the States creative economy as a vital and complementary part of the states economy as a whole. These recommendations encourage collaboration among Vermonts private sector, cultural organizations, and local, state, and federal government to use Vermonts cultural resources to spark and leverage community and economic development. It documents seventeen recommendations in the four areas listed below that the Governors adminis-tration,Legislature, and public and private partners are encouraged to undertake to expand innovation, enhance community life, attract and encourage entrepreneurs, build Vermonts market identity, and stimulate job growth. Support the Growth of Creative Enterprises by expanding markets, unifying promotion, enhancing the Vermont brand, producing celebratory events, building a Vermont artists and artisans market identity, and providing technical support and access to capital for culturally-based businesses and creative entrepreneurs. Promote and Document the Roles that Creativity, Culture, and Innovation Play in Vermonts Economic Future by tracking and reporting this economic sector, reinforcing arts and heritage education, and instituting a statewide public information campaign.Invest in Communities so They May Build on their Past while Adapting for a Vibrant Future by making culture and heritage priority community investments, supporting historic town and village centers, expanding cultural facilities funding, and encouraging creative entrepreneurial development in vacant industrial space. Develop Vermonts Creative Economy through Community-Based Planning and Improved Statewide Collaboration by facilitating locally designed creative economy projects, building a collaborative umbrella between statewide cultural organizations, and establishing a nonpartisan Governors Commission to provide leadership for the growth of Vermonts creative economy.:Evidence shows that public and private investment in creative enterprises yields favorable economic and social returns,producing jobs and supporting communities.:The development of the creative economy in Vermont is not limited by geography,topography,demographics,or population density.It can play a vital role in every corner of the state.:Just as Vermont was a leader in the manufacturing of things, it is now poised to be a leader in the production of ideas. Like any promising economic sector,the creative economy will need policies and incentives to support its growth.:Strengthening the creative sector will take a long-term and incremental effort.However,pressing needs must be addressed now in order to assure its future competitiveness.:Creative and stimulating communities attract and retain young people.This is a key concern in Vermont,where the loss of its youth to other regions is an historic challenge.:The emerging jobs market places a premium on creative problem solving,yet these skills are not taught consistently throughout Vermont s education system.www.kse50.com/vcci_report.pdf(link is external)last_img read more

People moves: Ex-PGGM private assets chief joins specialist manager

first_imgAlpInvest, Carlyle Group, PGGM, Tikehau, T Rowe Price, Mercer, Rothschild, Aviva Investors, Standard Life Investments, Unigestion, Allianz, Robeco, LGIM, Vesteda, Aon Tikehau Capital – The French asset manager has appointed France’s former prime minister François Fillon as a partner, starting tomorrow. The company said in a statement that Fillon’s “in-depth knowledge of French and European economic issues will bring real added value to Tikehau Capital and be of major benefit in driving… growth”.T Rowe Price – Maria Elena Drew has joined the US asset manager as director of research for responsible investing. T Rowe Price said Drew would “deepen the firm’s research on environmental, social and governance [ESG] considerations and focus on the continued incorporation of this analysis into the firm’s investment decisions”. She joins from Goldman Sachs Asset Management where she worked for nine years as an equity analyst, portfolio manager and ESG specialist.Mercer – The consultancy giant has named Gil Platteau as country head of Switzerland for its investment solutions business, a newly created role. Platteau will lead distribution of Mercer’s institutional investment services in the country. He joins from Rothschild Asset Management in Zurich, where he was also country head for Switzerland.Aviva Investors – Insurance company Aviva’s asset management arm has hired Iain Forrester in a newly created role as head of insurance investment strategy for its global investment solutions business. He will be tasked with “building outcome-oriented investment strategies for global insurance companies”, Aviva Investors said. Forrester joins from Standard Life Investments where he was an investment director in its insurance solutions team. Prior to that role he was responsible for the investment strategy of the Standard Life group’s balance sheet assets.Unigestion – The Swiss investment manager has appointed Philippe de Vandiere as senior vice president responsible for institutional clients. Based in the company’s Paris office, he will be responsible for its French distribution and client relationships. De Vandiere previously worked in the institutional sales team at Allianz Global Investors, also in Paris. Unigestion runs €3bn in France and nearly $24bn (€20bn) worldwide.Robeco – Martin Nijkamp is to start as head of strategic products and business development at asset manager Robeco tomorrow. Nijkamp joins from NN Investment Partners, where was involved in developing defined contribution products for the retail market.Meanwhile, Maureen Bal has been appointed as a member of Robeco’s executive committee, focusing on legal affairs and compliance. She was previously director of corporate affairs and legal counsel at APX Holding. Prior to this, Bal worked at ING, Fortis Bank, MeesPierson and Amsterdam Stock Exchange, the predecessor of Euronext.Legal & General Investment Management (LGIM) – Nigel Masding and Stephen Message have been hired to the asset manager’s active equity team. Masding joins from Longview Partners as lead manager of LGIM’s Real Income Builder fund, while Message was appointed as a UK fund manager. He was previously at Old Mutual Global Investors.Vesteda – Jaap Blokhuis has been named as member of the supervisory board of €4.5bn Dutch residential property investor Vesteda for a four-year term. Blokhuis has had positions at ING/Nationale Nederlanden Real Estate and has been director of retail property investment manager Redevco.Aon – Hans Taal, chief commercial officer (CCO) of Aon Risk Solutions, has left the company for a job at insurance broker Marsh. Taal has worked at Aon for 22 years, and became CCO last September. He has been succeeded by Stefan Weda, who was previously chief broking officer at Aon. Ruulke BagijnAlpInvest/Carlyle Group – Ruulke Bagijn, former CIO of private markets at Dutch pension manager PGGM, has joined private equity specialist AlpInvest. She will start as managing director and head of AlpInvest’s primaries business tomorrow. She joins from AXA Investment Managers where she was global head of real assets private equity. She joined AXA from PGGM last year.AlpInvest is owned by US private markets manager Carlyle Group, but emerged from a joint venture between PGGM and fellow Dutch pension manager APG that began in 1999. It was sold to its management and Carlyle Group in 2011 while Bagijn was a senior member of the private market assets team at PGGM.last_img read more

Fee pressure dampens manager revenues despite AUM growth

first_img“Despite supportive markets during the first half of the year, European asset managers were unable to grow their fee revenues,” said Marina Cremonese, vice president and senior analyst at Moody’s, who authored the report.“This reinforces our concerns regarding the secular headwinds facing active asset managers.”However, the stagnation of advisory fees in aggregate masked broad variation between individual asset managers, according to the rating agency.It noted that bank-owned managers recorded a 0.8% increase in net revenues, while net revenues at insurer-owned managers fell 1.7%.Independent asset managers’ fee revenues increased by 3.5%, although this shrank to 2% when the impact of the Henderson-Janus merger was excluded.The Henderson-Janus merger completed in May.MiFID II research cost rule to drive consolidationSeparately, Moody’s said MiFID II was likely to accelerate consolidation in the European asset management industry as a result of the requirement that managers pay cash fees for any external research they use for investment decisions. Previously this was bundled in with the cost for trading.The emerging trend is for European asset managers to absorb the cost of fees for research rather than pass on the cost to clients.Moody’s said this added to operating costs and would squeeze the profits of smaller asset managers.“Small asset managers are particularly exposed because they tend to consume more external research than their larger peers, due to their more limited in-house research capabilities,” said Cremonese.Vontobel today became the latest manager to publicly announce it was taking the costs of research onto its own books for all funds and mandates governed by MiFID II rules.It said the decision would result in additional costs “in the low-single-digit millions of Swiss francs per year”, which were already factored into the its three-year business objectives published at the end of August.Fixed income specialist Muzinich & Co has also said it would absorb research costs. In a statement, the group said: “While we remain highly focused on our own in-depth proprietary analysis, we are committed to ensuring our investment teams also continue to have access to leading third-party market research. This tried and tested approach has enabled us to deliver attractive, risk-adjusted returns in client portfolios for nearly 30 years.”*Allianz Global Investors, Amundi Group, Anima Holding, Ashmore Group, Aviva Investors, AXA Investment Managers, Azimut Group, Credit Suisse Asset Management, Deutsche Asset Management, Eurizon Capital, GAM Group, Janus Henderson Investors, Jupiter, Legal & General Investment Management, M&G, Mondrian Investment Partners, Natixis Asset Management, SAM Investment Holdings, Schroders, Standard Life, UBS Asset Management Net inflows for the group amounted to €117bn, compared with net outflows of €7.8bn in the first half of 2016.Fees were largely flat due to increased demand for low-cost multi-asset solutions and passive products, a trend Moody’s said it expected to continue.#*#*Show Fullscreen*#*# European asset managers failed to grow their total fee revenues in the first half of 2017 despite assets under management increasing, Moody’s Investors Services said today.Downward pressure on fees and changing asset allocations were the main causes, according to the rating agency.Total advisory fees were largely flat in the first six months of the year, up by just 1% compared with December, Moody’s said. When adjusted for the impact on assets under management of Henderson’s merger with Janus, fees were unchanged.Combined assets under management in the surveyed group of 21 managers* grew by 4% to €9trn in the same period; if the assets of US-based Janus are included the growth rate increased to 6%.last_img read more

Women’s basketball finds a late spark

first_imgSophomore forward Ja’Tavia Tapley (right) led the Women of Troy defensively over the weekend. Photo by Katie Chin | Daily TrojanDespite a 12-point deficit going into the half, the women’s basketball team overcame No. 16 Oregon State to claim its first victory of the regular season. The Trojans struggled to keep pace with the Beavers offensively in the first half. However, the Trojans’ defense came alive, flipping the momentum of the game and allowing the Women of Troy to finish with a 65-61 victory.While the whole team stepped up its defense after the half, it was junior guard Aliyah Mazyck who stood out. Picking up the guard early and laying on heavy pressure, Mazyck forced three consecutive turnovers. “I’m really proud of the kids,” head coach Mark Trakh said. “We’re down fifteen points and I told them, we just have to grind. Halftime was just positive. Coach Glover made a great adjustment putting Aliyah on the point guard and then we got great defense from Sadie [Edwards], Minyon [Moore], and Kristen [Simon], Jordan [Adams], they all played really, really well.” The turnovers added fuel to the growing spark of senior forward Kristen Simon’s free throws, ultimately leading to a 12-0 run for the Trojans that would take them within four points of Oregon State by the end of the third. Even though it was neck and neck for most of the fourth, the change of momentum at the end of the third energized the Trojans through the end.“You could feel it,” Trakh explained. “You could feel them not cutting as hard … I can’t tell you how well-coached that team is. It’s extremely well coached and I have to give credit to our kids that we disrupted them a little, but you got a sense that we got some easy baskets and we got some steals, some layups, that got us going. It was really important.”With Oregon State shooting 50 percent from the 3-point range to USC’s 28.6 percent, it was clear that the Trojans were going to have their work cut out for them in the second half. Even though Simon, who finished the game with 21 points and seven rebounds, was putting away shots in the paint, the Beavers’ seven 3-pointers were making it difficult to catch up. However, the Trojans never lost hope.“Of course we were a little down because we were down by 13, but one thing I know about our team is that we don’t give up,” sophomore guard Minyon Moore said. “We don’t really see numbers, like we see we are down by 13, but we still play like it’s a close game. Our team doesn’t get flustered or nothing like that. So, halftime was just our Coach Erica Hughes said ‘Forget about the first half. It’s a new half. Go out there and play your game.’ And, I think we did that and executed down the stretch.”Senior guard Sadie Edwards added 17 points in the victory. “We made an adjustment, we stayed together, we stayed in it,”  Edwards said. “We could have dropped our heads getting down by fifteen points at one point, but we believe in each other and our coaching staff believed in us.In the end, it was the Trojans’ defense that changed the momentum of the game, but it was the team’s perseverance that brought the Women of Troy the victory. After Moore’s free throw granted her team a 2-point lead with 29 seconds remaining, the Trojans’ defense kept the Beavers out, forcing them to foul. Oregon State would only be disappointed when Moore converted both free throws to seal the deal for the Trojans. “I think moving forward, we needed to get a win,” Edwards explained. “and now, I think more importantly, we’ve got experience. Down the stretch we executed, we got stops and scores and I think that’s huge for us moving forward.”last_img read more

BetConstruct brings the glamour through FTVGG Live Casino

first_imgShare VBET agrees Armenian Premier League and Armenian Cup sponsorship August 13, 2020 StumbleUpon Share Submit Related Articles Nuno Gomes joins BetConstruct and FeedConstruct as brand ambassador June 18, 2020 New Polish poker table in BetGames section for STS July 15, 2020 BetConstruct has upped the glamour within its in-house live studio after launching a branded Live Casino hall for FashionTV Gaming Group (FTVGG).It is the latest joint project between the two parties, who initiated a partnership in November of last year by launching a new, unique line of branded slots.BetConstruct said that this new addition to the studio “exudes the luxury and glamour” of the FTVGG brand, and delivers a high-quality gaming experience to its operators.Within the walls of the branded hall, players can find Blackjack, Baccarat and Roulette games, each overseen by professional English​-​speaking croupiers.Vigen Badalyan, Founder and CEO of BetConstruct, said: “We shared the enthusiasm of FTVGG to enter the igaming business. When our partner-to-become selected BetConstruct to implement their ideas, it was a significant token of recognition for us. “Last year we’ve introduced the slot games with the company’s luxury lifestyle and fashion trends. And now we prove that the world of fashion trends and online gaming can merge in FashionTV branded Live Casino hall in BetConstruct.”Given that FashionTV branded items are associated with luxury events and parties around the world, this project has targeted the next generation for online gaming, where players have an opportunity to enjoy the company’s glamorous lifestyle that transcends both the real and virtual worlds.last_img read more

Daniel Jacobs makes Julio Cesar Chavez Jr. quit for fifth-round TKO; chaos ensues

first_imgWhen Friday night rolled around, “The Miracle Man” stepped into the ring and saw an opponent who looked more like a cruiserweight, according to Jacobs.Still, Jacobs worked behind the jab and softened up the body, slowing down an already out-of-shape Chavez until he busted the nose of the boxing legend’s son in the fifth round. That, seemingly, was enough for Chavez to quit on his stool, giving Jacobs a fifth-round TKO victory at the Talking Stick Resort Arena in Phoenix, and live on DAZN.Join DAZN and watch more than 100 fight nights a yearRaucous fans in the arena booed and threw objects into the ring at Chavez, clearly upset that the Mexican fighter quit instead of persisting. Chavez had to be rushed out by security, which attempted to shield him from fans’ projectiles.”He quit on his stool,” Jacobs told DAZN’s Chris Mannix following the win as his camp did its best to protect him from the items being hurled into the ring.”I’m from Brownsville — I never ran and I never will,” the Brooklyn native continued, “but I’m going to duck these beer cans.”I know they’re not mad at me. They’re mad at Chavez.”DAZN’s broadcast team reported that Chavez’s trainer, Freddie Roach, claimed his charge had suffered a broken nose and had trouble breathing, which prompted him to quit, but Chavez himself seemed to be complaining about a possibly fractured hand.After the bout, Mannix tweeted:Just talked to Chavez Jr. Says he broke his nose. Said Jacobs kept elbowing him and head butting him. Says Jacobs didn’t beat him, his illegal shots did. Interview posting soon on @DAZN_USA— Chris Mannix (@SIChrisMannix) December 21, 2019Whatever the case, the unpredictable Chavez came out aggressively, lunging with his big right hook. Jacobs, however, asserted his jab by the second round and worked behind it to break down Chavez’s body. In the fourth round, Jacobs landed his best punch of the night — an overhand right that rocked Chavez flush in the head. A brief firefight broke out during the round’s waning seconds as Jacobs yelled “Let’s go!” in Chavez’s face.Chavez did land a solid shot in the fifth round, but Jacobs instantly countered it and bloodied his opponent’s nose. That marked the beginning of the end. Chavez told the referee between the fifth and sixth rounds that he had had enough.Jacobs dedicated the victory to late boxer Patrick Day.Julio Cesar Martinez sensational in ninth-round TKO of Cristofer Rosales to win WBC flyweight championIf you aren’t familiar with Martinez, it’s time to get familiar, quickly. The 24-year-old Mexican fighter was absolutely scintillating Friday as he fluidly switched between orthodox and southpaw stances to pummel Rosales with multiple-punch combinations and pinpoint accuracy. Julio Cesar Chavez Jr. remains one hell of a wild card in boxing, with the last 48 hours serving as further proof.Daniel Jacobs was supposed to be making his super middleweight debut against him Friday, but Chavez tipped the scales five pounds overweight the day before, forcing the two camps to agree to a 173-pound catchweight. Martinez gets the stoppage to win the WBC belt 💥 #JacobsChavezJr pic.twitter.com/JhqqI7AZIc— DAZN USA (@DAZN_USA) December 21, 2019He repeatedly found a home for his looping left uppercut, which was a devastating weapon throughout the fight. Martinez used it to string together combinations. Martinez eventually unloaded an onslaught of unanswered punches with Rosales against the ropes until the referee stepped in. The fight could have been stopped during the seventh; Martinez was that effective. He seems to be a star in the making.Maurice Hooker blasts Uriel Perez for first-round TKO; catchweight of 144 pounds”Mighty Mo” uncorked a sweeping right hook that knocked Perez’s equilibrium silly and added a few more heavy-handed rights before the ref saved the Mexican fighter from taking any further punishment. Mighty Mo with the first-round KO 💪 #JacobsChavezJr pic.twitter.com/HnjnJ3aeN2— DAZN USA (@DAZN_USA) December 21, 2019Zero problems for Hooker, who was fighting at a catchweight in his first bout since losing the WBO super lightweight title to Jose Ramirez in July. Although he moved up in weight, Hooker repeatedly said, “I just want my belt back,” referring to how he wants to reclaim a 140-pound title.last_img read more