Windsor firm expects to add nearly100 jobs
By Bruce Edwards
Herald Staff | December 14,2006
An $810,600 expansion by a Windsor company that makes environmental filtration products is expected to add nearly 100 jobs over the next three years. Vermont Milk Company, Hardwick, equipment and machinery financing of $413,424 as part of a $1.7 million project.
Seldon Fluid Technologies Inc. will finance the project with the help of $324,160 loan from the Vermont Economic Development Authority, which gave its approval Tuesday to $21.5 million in financing for a number of projects statewide.
In total, the $33.7 million in projects are expected to create more than 180 jobs.
Chittenden Bank also will provide financing for the Seldon project, which will allow the company to purchase equipment to expand its development of fuel, water and air purification filtration systems.
The expansion is being undertaken with the Donaldson Company of Minneapolis to market products based on Seldon's filtration technology.
In its news release, VEDA said Seldon expects to increase employment at the plant from 28 to 120 workers within three years.
According to the Seldon Web site, the 3-year-old company on Everett Lane employs nanotechnology "that reliably removes micro-organisms from fluids, without the use of heat, ultra-violet radiation, chemicals, contact time, or significant pressure."
Seldon describes nanotechnology as the manipulation of materials with dimensions that are no more than about 1,000 nanometers with a nanometer measuring one-billionth of a meter.
Seldon CEO Alan Cummings said the VEDA loan is part of "the necessary final step prior to going into the manufacturing phase."
Cummings, one of three founding partners, said the company is aiming to begin manufacturing by the second quarter of next year.
The company has delivered prototype portable water purification systems to the Air Force for testing.
"We've invented and produced a new purification media Ö that is porous so you can pour water through it and when you do pour water through it we clean the water, we remove the virus and bacteria and we remove other harmful chemicals and other contaminants," he said.
Cummings said the company also is working on air and fuel purification products for the Air Force, as well as a seawater desalination product.
He said Seldon is creating the kind of high-paying jobs Vermont needs in new industries.
VEDA also approved financing for the following projects:
Greenfield Capital LLC, South Burlington, $384,000 as part of a $2.4 million land acquisition and commercial construction project for Logic Supply, a company that makes small and silent computer systems.
Magic Hat Brewing Company and Performing Arts Center, South Burlington, $252,600 in financing for the $1.3 million project that will increase brewing capacity.
Thetford Academy, Thetford, $9 million in revenue bond financing as part of a $10.6 million campus renovation and construction project.
Lund Family Center, Burlington, $5.7 million in revenue bond financing to support a $6.7 million renovation and construction project at the center, which helps pregnant women, mothers and women in crisis.
VEDA also approved $2.4 million in loans through the Vermont Agricultural Credit Corp. and another $3 million in Vermont SBA 504 Program loans to support real estate acquisition and development projects totaling $7.3 million.
Contact Bruce Edwards at email@example.com.