State VEDA Incentives Assist Firms in Morrisville and Burlington, Vermont
12/27/2018
Founded by Leo Trombley as Leo’s Welding, Inc. in 1968, Leo’s welding became LWI in 2006 under the new ownership of Steve Trombley, Leo’s son.
The company specializes in steel fabrication for large construction projects, large tank restoration and fabrication, smaller job shop projects, and machine shop and retail sales of steel. The company expects to grow employment from 30 to 35 positions within three years of the expansion project.
Vermont Economic Development Authority approved partial financing of $40,000. Union Bank is also providing financing for the project.
In funding another project, VEDA approved partial financing of $95,000 to help chocolate makers schooled in the finest European chocolate traditions open a new production and retail space on Battery Street in Burlington, Vermont. Vermont Community Loan Fund is also providing financing for the project.
Financing will help the business purchase European chocolate equipment that has never before been used in the United States, and make inventory and leasehold improvements to the space.
According to state officials, all production will be done on site in the 1,700 square-foot state-of-the-art chocolate lab which will be visible from the boutique side to allow customers a view of the chocolatiers at work. NU Chocolat owners plan to create a sophisticated and unique retail chocolate boutique and cafe experience featuring freshly-made chocolate truffles, pastries, and hot beverages.
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