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Business Notes: Nov. 10, 2013

Lebanon — The Lebanon College Management Program has introduced a new core curriculum in an effort to keep up with the rapidly changing business environment, school officials said last week.

The college also announced a $2,500 prize for the student who wins the school’s newly created business plan contest. The prize money was provided by a gift from Ledyard National Bank.

The contest is designed to give Management Program students experience in selling their vision, which could help them gain employment or pitch investors for their entrepreneurial venture, a news release said.

“Changes in the business and economic environment are in an unprecedented turmoil,” said Brian Woods, chairman of the college’s Computer and Business programs.

“The recent changes to our core curriculum are a product of the college trying to ensure that not only will our students be attractive to businesses in the area, but will also be self ­reliant,” Wood said in the release.

Among the most significant changes to the new core curriculum are:

∎ The inclusion of marketing and advertising.

∎ Increasing the amount of accounting principles taught.

∎ Placing a higher importance on increasing the technical skills of students.

∎ Adding an entrepreneurial capstone to tie the program competencies together.

The college conducts periodic reviews of the core curriculum as part of its effort to bridge academic theory with real world business challenges, the release said.

Company News

The Hostess Brands warehouse-distribution building, trucks and equipment at 27 Interchange Drive in West Lebanon has been sold to National Bakery Industrial Owner LLC, as part of a bankruptcy liquidation sale.

The Los Angeles-based National Bakery is not a public company and little information is available, although the firm has the same address as Hackman Capital Partners, the real estate investment firm that purchased the Hostess Brands real estate, including bakeries, depots, distribution buildings and retail outlets and equipment in 34 states for $62.5 million. The sale was announced in early October by Hilco Real Estate, a Illinois firm that handled the sale of the property.

A spokeswoman for National Bakery said Hackman could not be reached for comment last week.

The investment groups Appollo Global Management and C. Dean Metropoloulos & Co. purchased the Hostess Brands names and recipes earlier this year for $410 million, and began selling Twinkies and other baked products in July.

Ideal Weight Solutions has leased office and seminar space at the Billings Common Office Park in Wilder. The company was founded by Ahnna Lake, a physician who earned her bachelor’s degree and medical degree from McGill University and master’s degree in medical anthropology from L’Universite de Montreal. Ideal Weight Solutions has two other clinic locations, in Stowe and South Burlington, Vt. The Billings Common Office Park is a group of six professional office buildings. Lang McLaughry Commercial represented the landlord, Moping Owl Corp., and assisted the tenant with the lease.

The Vermont Economic Development Authority said last week the agency had provided $64.3 million in financing during the 2013 fiscal year that was leveraged with $120.8 million in private capital for commercial, small business and agricultural projects. Of the loans the authority closed in 2013, 79 commercial and small business loans affected 2,696 jobs with an average hourly wage of $31.71 including benefits.

Manufacturing accounted for 21 percent of the authority’s financing portfolio, agriculture 34 percent, travel and tourism 13 percent and service-related businesses 19 percent.

Upcoming Events

The final fall program of the “Why Build A Local Economy” series is being held Thursday night at the Chandler Center for the Arts in Randolph and will focus on the future of energy consumption. “As if the Earth Mattered: A New Energy Future” starts at 6 p.m. and features Steven Strong, founder and president of Solar Design Associates Inc.; Bob Walker, executive director of Sustainable Energy Resource Group; Maeve McBride, organizer for 350 Vermont; and Dan Kinney, cooperative owner of Catamount Solar. The program, presented by Building A Local Economy, is free. For information, email info@balevt.org or visit www.balevt.org.

Items of interest to the local business community are published every Sunday. Submissions may be mailed to: Business Notes, c/o Sunday Valley News, P.O. Box 877, White River Junction, Vt. 05001. You may also send your items by fax to 603-298-0212, or by e-mail to biznotes@vnews.com. All items are subject to editing for clarity or space.