Vistakon announces 100 new jobs

first_imgEmail LIMERICK is to get an further employment boost as contact lens manufacturer Vistakon Ireland is creating 100 new highly skilled jobs at its site in the National Technology Park, Plassey, as it invests €100m in the expansion of its manufacturing operations. The announcement came this Monday as the investment, supported by IDA Ireland, will also lead to 200 temporary construction jobs over the next 18 months.Sign up for the weekly Limerick Post newsletter Sign Up “Vistakon Ireland has been a major provider of employment and an important exporter since 1996,” noted Minister for Jobs, Enterprise and Innovation Richard Bruton TD.Minister for Finance, Michael Noonan TD said Vistakon Ireland had been a highly respected employer in the Mid West Region for over 15 years.  “It has an extensive network of local and national suppliers for goods and services, all of which contribute significantly to the Irish economy.”Established in Limerick in 1996, Vistakon Ireland designs, manufactures and markets the Acuvue range of soft disposable contact lenses, the world’s number one brand. It is one of several Johnson & Johnson companies operating in Ireland, employing a total of 1,900 people. Advertisement Print Twitter Facebookcenter_img WhatsApp NewsLocal NewsVistakon announces 100 new jobsBy admin – January 14, 2013 654 Linkedin Previous article€10.5 million tourism investments boost to cityNext articleGroup sends clear message about Limerick sex trade adminlast_img read more

Limerick family’s joy as Darcy found safe and sound

first_imgNewsLocal NewsLimerick family’s joy as Darcy found safe and soundBy Editor – June 10, 2013 753 Walk in Covid testing available in Limerick from Saturday 10th April Advertisement Sadia Coptu and her brother Adeel with Darcy.A VERY special four-legged friend has been reunited with the Limerick family whose lives have been changed by his arrival in their home.Darcy, a two-year old black labrador who is an Autism assistance dog, went missing last week and was the focus of a huge search campaign to get him back to his heartbroken owner, nine-year old Sadia Coptu.Sign up for the weekly Limerick Post newsletter Sign Up Mallow-based charity Autism Assistance Dogs Ireland launched a social media campaign to locate him.Clare dog warden and ISPCA welfare officer, Frankie Coote rescued the dog from a derelict building, where he had gotten in but could not  get out again.“Everyone was involved – taxi drivers, gardai, the public. I kept my phone on all night. I would always try very hard to find any dog that is reported missing but everyone helped and pushed even harder because this dog was owned by a child with special needs”.Darcy went missing in Ennis last week when the family stopped at a garage for a coffee. “There was a very loud noise and he just bolted. He was on the lead but got such a fright he just took off,” Frankie explained.Sadia’s mother, Miriam said the Dooradoyle family were delighted that Darcy had been found safe.“The changes that we have seen with Sadia since the dog arrived have been very important for us. Before, going to the beach or just going for a walk was hell because Sadia has no sense of danger – she would just run off or run on to the road. Now she sticks closely to the dog.“She has become very attached to him. We give Darcy commands and she follows him. It means we can do things as a family”, Miriam said. First Irish death from Coronavirus Email WhatsApp Facebook No vaccines in Limerick yet Previous articleA tasty Limerick dish for Celebrity MasterchefNext articleFoul play ruled out after grandmother’s body found Editor center_img RELATED ARTICLESMORE FROM AUTHOR Linkedin Print Shannondoc operating but only by appointment Surgeries and clinic cancellations extended TAGSautism assistance dogDarcyfeaturedFrankie Cootefull-imageSadia Coptu Twitter Proceedures and appointments cancelled again at UHLlast_img read more

$30 billion Senate bill will ease Vermont businesses access to capital

first_imgThe US Senate Tuesday narrowly broke a months-long Republican filibuster by voting 61-37 to advance a small business jobs bill that will boost commercial lending and provide tax relief to small businesses in Vermont and nationwide.US Senator Patrick Leahy (D-VT), who voted in favor of the bill, expects the Senate to give final approval to the bill on Thursday.The Small Business Job Creation Act modernizes the application process for US Small Business Administration (SBA) lending programs; it targets tax relief to America’s 27 million small businesses; and it creates a $30 billion lending fund for healthy Main Street banks to boost capital access to small firms needing an injection of funds to grow their businesses and hire new workers.Leahy said the fully-paid-for bill would directly benefit small business job creation in Vermont, where the SBA estimates that a $2.2 million backlog in small business loans would immediately be relieved if the bill were enacted. The bill increases the size of SBA guarantees, reduces SBA mandated fees and lifts the maximum dollar figure of SBA loans.The bill also includes $1.5 billion to bolster state small business lending programs, such as loan participation programs, loan guarantee programs, and collateral support programs, which would provide the Vermont Economic Development Authority (VEDA) with an additional $13.5 million to support lending activities across the state.‘Small businesses are the backbone of Vermont’s economy and an important engine in our economic recovery efforts,’ said Leahy. ‘Some small businesses in Vermont are still struggling to find the working capital they need to grow their businesses and invest in new jobs. This bill will open new commercial lending doors by reducing red tape and expanding loan programs at the SBA, by providing tax relief to businesses that invest in new jobs and equipment, by creating a new $30 billion lending fund specifically for small businesses, and by investing in proven economic development programs like VEDA.’VEDA CEO Jo Bradley said, ‘VEDA’s Financial Access Program has been a very successful tool for helping small business. The additional capacity we may be able to access from Treasury would allow us to expand this important program.’ Kenneth Gibbons, President and CEO of Union Bank in Morrisville, said, “I think overall the bill will be helpful to small business and banks. However, we (Union) probably will not need to draw on the additional capital as most banks are well capitalized in Vermont. Therefore, they have not been as strained as banks in other parts of the country, where this legislation will provide access to capital for banks which have had losses due to the effects of the economy in their regions.”I want to read the final version before I really commit to what the overall effect will be in Vermont,” he said.This is the latest step that Congress and the president have taken since the economic meltdown of 2008 to smooth small business lending across the country.In April Leahy organized a free conference for small businesses in Vermont to learn more about the variety of commercial lending options available through local banks, credit unions, nonprofits, state entities, and the federal government.Over the past two years, Congress and the Obama Administration have enacted a wide variety of small business tax relief and tax incentive measures, including allowing firms a bonus depreciation to immediately write off half of the cost of depreciable property; extending the carry-back on net operating losses from two years to five years; and implementing a new payroll deduction for businesses that hire new workers.Last year’s American Recovery and Reinvestment Act (ARRA) made several changes to the SBA lending process, which are extended by this new bill, which gives SBA an additional $375 million for new loan guarantees. The bill also extends the maximum loan guarantee level, which was raised in ARRA to 90 percent, and continues ARRA’s elimination of processing fees for small businesses. The economic recovery act also created a new type of SBA relief loan for previously profitable businesses seeking temporary and targeted capital. These widespread changes to SBA programs have supported nearly $30 billion in new loans so far.The economic recovery act also contained $100 million in added resources for the Treasury Department’s Community Development Financial Institution (CDFI) Fund, which brought $6 million in new CDFI funds to Vermont organizations. These groups are using the money to leverage millions more in private investment for economic development and housing projects across the state.Source: Leahy. WASHINGTON (Sept. 14, 2010) ‘# # # # #last_img read more