Financing for Vermont Businesses and Farms

VEDA – Annual Reports

Some of VEDA’s recent Annual Reports may be downloaded from this page. This requires Adobe Acrobat Reader 5.0 or later. If you do not have Adobe Acrobat Reader click here.

An excerpt from the Annual Report for the fiscal year ended June 30, 2016:

"...In FY 2016, VEDA approved financings of $129 million as compared with last year’s approvals of $88 million. The Authority also surpassed any prior year’s agricultural loan approvals – $25.8 million in FY 2016 to Vermont farmers, agricultural facilities, forestry and forest product-based businesses. The amount of private capital leveraged in VEDA-financed projects rose to $162 million in FY 2016, compared to $93 million the year before, and $82 million the year before that.

The Authority began utilizing the SBA’s Community Advantage Program this year, enabling VEDA to secure guarantees on smaller loans. Thanks to these guarantees, VEDA is able to participate in riskier projects that might otherwise not go forward. The Authority also has increased its operational capacity to meet the needs of its customers. VEDA now has five offices throughout Vermont – in Montpelier, Burlington, Middlebury, St. Johnsbury and Brattleboro – making it more convenient for our customers to transact their financing business.

With each passing year since VEDA began its energy lending program, the impact of VEDA-financed renewable energy projects throughout Vermont has grown. In FY 2016, VEDA closed 26 renewable energy loans totaling $16.6 million. Since VEDA began making energy loans, the Authority has financed a total of 62 solar energy projects, including two municipally-owned projects financed during FY 2016 through VEDA’s issuance of federal Clean Renewable Energy Bonds (CREBs). The total electrical capacity of all these systems now exceeds 28 MW. The annual estimated power production of the combined systems totals 43 gigawatts of electricity – enough to power 6,245 typical Vermont homes.

As of June 30, 2016, VEDA had assets of $274.8 million, with a loan portfolio totaling $259 million. Since its inception in 1974, VEDA has approved financings totaling over $2.288 billion…"

 

To review VEDA's Financial Statements with Supplementary Information as of and for the Years Ended June 30, 2016 and 2015 (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, 2015 and 2014 (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, 2014 and 2013 (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, 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.