Financing for Vermont Businesses and Farms

VEDA APPROVES $7.8 MILLION IN ECONOMIC DEVELOPMENT FINANCING

Montpelier, VT – The Vermont Economic Development Authority (VEDA) has approved financing of $7.8 million in financing for economic development projects throughout Vermont totaling $16.8 million. “VEDA is so pleased to be able to provide growth financing to several start-up and early-stage businesses,” said Jo Bradley, VEDA Chief Executive Officer. “In addition, VEDA is helping a long-dormant hydroelectric production facility in southern Vermont once again produce renewable energy.”

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VEDA August 18 Board Meeting

The VEDA Board of Directors will meet telephonically on Thursday, August 18, 2016 at 10:00 a.m.  Read More

Vermont State Infrastructure Bank Board Meeting

The Vermont State Infrastructure Bank (SIB) Board will meet on Wednesday, August 10, 2016 at the VEDA office, 58 East State Street in Montpelier.  The meeting will begin at 10:00 a.m.  See agenda here.

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VEDA and VACC August 26 Board Meetings

The VEDA and VACC Boards of Directors will meet telephonically on Friday, August 26, 2016 at 10:00 a.m.  See agendas here. Read More

Some Recent Local News Coverage About VEDA-Financed Projects

Some recent news coverage about Vermont economic development projects which VEDA helped finance:

A WCAX story on Smugglers Notch’s expansion project; a Bennington Banner story on the new Hampton Inn breaking ground; a Business Vermont story on Maple Landmark’s manufacturing plant expansion; an Addison Independent story about Golden Well Farm and Apiaries; and a Stowe Reporter story about a local restaurant’s building purchase.

 

 

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AGRICULTURAL STAFF PROMOTIONS ANNOUNCED

Montpelier, VT – The Vermont Economic Development Authority (VEDA) has announced two staff promotions in its agricultural lending program, the Vermont Agricultural Credit Corporation (VACC). “We are delighted that two of our very talented staff members have agreed to take on more responsibilities in the important work of providing loans to Vermont farmers and agricultural businesses,” said Jo Bradley, VEDA’s Chief Executive Officer. 

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VEDA July Board Meeting

The VEDA Board of Directors will meet on Friday, June 29, 2016 at 10:00 a.m. The meeting will be held at VEDA's offices at 58 East State Street, Montpelier, VT. Read More

VEDA APPROVES $15.2 MILLION IN ECONOMIC DEVELOPMENT FINANCING

Montpelier, VT – The Vermont Economic Development Authority (VEDA) has approved financing of $15.2 million to help Vermont commercial, agricultural and renewable energy economic development projects move forward. The projects total nearly $41 million.

“VEDA is pleased to offer financing assistance that willhelp businesses expand, enhance recreational and tourism offerings in our state, and support Vermont agriculture,” said VEDA CEO Jo Bradley. “Renewable energy generation projects will also come to fruition with VEDA’s help.” Read More

VEDA and NCIC OFFER SPECIAL LOAN ASSISTANCE TO AFFECTED JAY & BURKE CONTRACTORS

MONTPELIER, VT - Special loan programs are now available for affected building contractors holding unpaid invoices for work done at Jay Peak and Burke Mountain Ski Areas. The Vermont Economic Development Authority (VEDA) and the Northern Community Investment Corporation (NCIC) are collaborating to provide interim working capital financing to eligible and qualified affected businesses as they face a busy summer construction season.

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Vermont Specialty Food Association Annual Meeting

Over the last ten years, VEDA has loaned $14 million to 56 Vermont specialty food producers to support economic development projects totaling $61 million. The Vermont Specialty Food Association will hold their Annual Meeting Thursday, June 9 and VEDA is pleased to be participating in a panel discussion about financing opportunities available to Vermont food producers. The event’s luncheon speaker is Chris Bailey, owner of Vermont Smoke & Cure. In 2011, VEDA was pleased to help Vermont Smoke & Cure purchase machinery and equipment and improve the company's 21,000 square foot manufacturing space in Hinesburg:http://www.veda.org/…/…/development-financing-approved-2011/. Read More