An excerpt from the Annual Report for the fiscal year ended June 30, 2013:
“… VEDA’s lending activity in FY 2013 coincided with our state’s recovery from the significant damage wrought the prior fiscal year by Tropical Storm Irene. In FY 2012, VEDA delivered an unprecedented level of emergency financing to devastated businesses and farms. This year, the Authority saw commercial, small business and agricultural financing demand normalize to pre-disaster levels. The remarkable resiliency of Vermont’s businesses and farms has never been more evident. In town after town, businesses and farms met adversity by reinvesting, rebuilding, and charting new growth plans for the future.
To help support these investment efforts, a new source of sustainable energy financing at VEDA was created in FY 2013 through the passage of H.395. The new Vermont Sustainable Energy Loan Fund will provide a strong impetus to the many Vermont businesses and farms – both large and small — that seek to invest in their energy futures in sustainable ways, lower their carbon footprint, and increase their bottom line. The creation of this new Fund would not have been possible without the strong support of your Administration, Legislative Leaders, State Treasurer Beth Pearce, the Department of Public Service, the Vermont Energy Investment Corporation (VEIC), the Lake Champlain Regional Chamber of Commerce, and the Vermont Bankers Association.
Since its inception in 1974, VEDA has approved 7,056 separate financing instruments totaling over $2.0 billion. The Authority is fortunate to have a talented and dedicated Staff, a committed and experienced Board of Directors, valued partnerships with Vermont’s commercial lenders, and the terrific support of our federal, state and regional partners….”
To review VEDA’s Financial Statements with Supplementary Information as of and for the Years Ended June 30, 2013 and 2012 (and Report of Independent Auditors), click here.
To review VEDA’s Financial Statements with Supplementary Information as of and for the Years Ended June 30, 2011 and 2010 (and Report of Independent Auditors’), click here.
To review VEDA’s Financial Statements with Supplementary Information as of and for the Years Ended June 30, 2010 and 2009 (and Report of Independent Auditors’), click here.
Additional financial information may be obtained by contacting VEDA.