SBA names Bonfigli of Dealer.com businessperson of the year, advocates also announced

first_imgDealer.com,Mark Bonfigli, CEO and Founder of Dealer.com, Burlington, has been named the U.S. Small Business Administration s (SBA) 2009 Vermont Small Business Person of the Year. Bonfigli was selected for outstanding leadership related to his company s staying power, employee growth, increase in sales, innovation and contributions to the community. Bonfigli s company, Dealer.com, is a leading provider of online marketing solutions to the automotive industry. Dealer.com offers award-winning website design incorporating dynamic video, user-friendly management tools, search engine advertising and metrics and web analytics. Dealer.com s suite of online marketing solutions creates a 360 degree view of auto dealers online and traditional marketing investments and results. Dealers can easily track spending and determine which activities lead to the highest return on investment, allowing them to streamline advertising and marketing efforts to increase sales. Firmly committed to helping improve the community by giving back, Dealer.com supports local charitable events and holds regular fund raisers to benefit local charities. In an innovative partnership with the state of Vermont and VT HITEC (Health Care and Information Technology Education Center), the company provided job training to local Vermonters and overcame the difficulty of finding highly skilled IT workers in the area.  Bonfigli attributes the company s success to employee creativity and hard work, under his guidance, and Dealer.com provides over 200 full-time employees with high wage jobs, training and the potential for career growth. Dealer.com permits employees to work flexible schedules and provides numerous seminars and workshops related to career growth, personal financial planning, nutrition and other topics. The company recently opened the doors to its new 60,000 sq. ft. headquarters featuring a state-of-the-art health club, indoor basketball court, indoor tennis court, indoor track and an organic foods café. The building is LEED certified, meaning it is environmentally responsible, and incorporates solar panels and natural light to help limit carbon emissions.  Matt Cota, Executive DirectorVermont Fuel Dealers Association, MontpelierFinancial Services Champion The Burlington Small Business Award celebration will also honor the following winners of the 2009 Vermont Small Business Champion Awards:  Dealer.com employees drive our success and are the heart of the business, commented Bonfigli.  The company would not be so successful without the many talented and hard-working people dedicated to offering our clients the best service and technology. I am honored by the award and share it with everyone who is part of the Dealer.com team. Major Randall K. Gates, State Family Program DirectorVermont National GuardVeterans Small Business Champion As Vermont s Small Business Person of the Year, Mark Bonfigli will compete for the national title at National Small Business Week ceremonies in Washington, D.C., May 17-22. Mr. Bonfigli will be locally honored by the U.S. Small Business Administration on June 10th at a ceremony presented by Vermont Business Magazine, Waterfront Park, Burlington.  Jim Sault, General ManagerPorter Music Box, RandolphSmall Business Exporter of the Yearcenter_img Gail Wheel, President & OwnerWheel House Designs, Inc., Hyde ParkMicroenterprise Success Tara Lynn Scheidet, OwnerTara Lynn Studio, SuttonSBA Young Entrepreneur of the Year Steven Paddock, Assistant Director, AgribusinessVermont Small Business Development Center, MiddleburyHome-Based Business Champion Bonfigli has more than 20 years of marketing and sales experience in the auto industry, including 10 years as the co-founder of EARTHCARS, Inc., a New England-based automotive retailer. Bonfigli was named as a Finalist in the 2007 and 2008 Ernst & Young Entrepreneur of the Year award in the New England Region and his company has received numerous recognitions including the Deloitte & Touche Tech Fast 50, the Deloitte Technology Fast 500, the Inc 5000 fastest-growing companies in the U.S., and several automotive industry awards for being the leading Internet marketing solution for auto dealers. John Vincent, OwnerVincent s Drug & Variety Store, WaterburyJeffrey Butland Family-Owned Small Business Bonfigli founded Dealer.com in 1998 to offer automotive dealers a best in class solution for their Internet marketing needs. At the time, the Internet auto market was dominated by two large companies, but Bonfigli persisted. Despite difficult times in the automotive industry, 2008 saw the highest annual revenue increase in the company s eleven-year history, for a five-year growth rate total of 1,225 %. According to Bonfigli, more of the top 150 largest dealer groups in North America use Dealer.com Internet marketing services than those of any other provider. Mary Peabody, Community Development SpecialistUniversity of Vermont Extension, BerlinWomen in Business Championlast_img read more

Continue Reading

Pension funds slam Commission over ‘irrespective effect’ of FTT

first_imgIt also said any UK challenge to the FTT could not yet be heard as enough detail over the tax’s implementation did not exist.The UK is expected challenge the tax again once the EU11 moves forward with its plans, arguing the tax’s implementation will indirectly affect the UK financial sector.PensionsEurope said, even with an exemption for pension fund investments, the tax would increase the cost for the institutions.It said all financial transactions of all institutions would be hit by additional costs, regardless of their social function or role in the financial crisis, or the nature of their investment.Matti Leppälä, chief executive of the lobby group, said: “The consequent increase of costs will ultimately be borne by the pension beneficiaries in terms of higher contributions or reduced benefits.“There is no cause to ask European pension beneficiaries to pay for the crisis. They did not cause it but rather they have suffered from it.”Leppälä stressed that asset managers would also eventually pass on the tax to pension funds, even if the funds were exempt.“As institutional investors, we are customers in the financial markets, and we therefore fear that, as it is the case with other taxes, the final customer will end up paying for it,” he said. The organisation called on the EU11 to dismiss the tax, or at least ensure exemption for pension funds.“Pension funds did not require any support in terms of funding from public finances during the crisis,” he said.“They actually contributed to water down the crisis by keeping their long-term liabilities in the financial markets.”However, Algirdas Šemeta, the European commissioner responsible for taxation, yesterday praised the EU11 for pushing forward with the tax and laying down an implementation roadmap.“The participating member states need to continue to invest wholeheartedly in this file to make it law within the timeframe foreseen,” he said.“If they make a common FTT a reality, that is a major achievement, even if they proceed more tentatively than was envisaged.“But now this has to happen, and happen quickly.” The financial transaction tax (FTT), the controversial proposal being taken forward by 11 European countries, has been criticised for its effect on financial institutions regardless of their “social function”.PensionsEurope, the lobby group, said the tax in its current form would affect pension funds badly, even if they were exempt.Eleven EU countries (EU11) are currently pushing forward with the tax despite opposition from the Netherlands and the UK, with the latter legally challenging the Commission and Council’s decision to allow the countries ‘enhanced cooperation’ status.However, the European Court of Justice (ECJ) dismissed the case on the basis the enhanced cooperation was legally sound.last_img read more

Continue Reading