Financing for Vermont Businesses and Farms

Press Releases

VEDA APPROVES $15.7 MILLION IN ECONOMIC DEVELOPMENT FINANCING

Montpelier, VT – The Vermont Economic Development Authority (VEDA) has approved $15.7 million in loan and bond financings for commercial, agricultural and energy projects totaling $37.5 million throughout Vermont. 

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VEDA APPROVES $46.5 MILLION in FINANCING to  SUPPORT ECONOMIC DEVELOPMENT PROJECTS

Includes $37.3 Million in Tax-Exempt Revenue Bond Financing;  Manufacturing Expansions in Middlebury and Barre Expected to Create 32 Jobs

 

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VEDA Sees Increase in Lending Over Prior Year

South Burlington, VT – The Vermont Economic Development Authority (VEDA) closed 273 financings totaling $76.9 million in FY 2015, compared with the prior fiscal year’s 254 financings totaling $59.8 million.  The amount of private capital leveraged in these economic development projects also increased – over $93 million in FY 2015 compared with $83 million the year before.

These and other measures of the Authority’s contributions to Vermont’s economy will be presented today at VEDA’s 41st Annual Meeting in South Burlington.  Hugh Johnson, Chairman and Chief Investment Officer of Hugh Johnson Advisors from Albany, New York will speak at the event.

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USDA, VEDA Announce $1 Million To Support Rural Entrepreneurs

MONTPELIER, VT, September 25 – Rural entrepreneurs will continue to have access to vital capital through the Vermont Economic Development Authority (VEDA) thanks to a $1 million loan from the U.S. Department of Agriculture (USDA). The loan from USDA’s Intermediary Relending Program will recapitalize VEDA’s Vermont Small Business Development Corporation to provide capital to growing Vermont businesses. 

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VEDA APPROVES NEARLY $11.8 MILLION in ECONOMIC DEVELOPMENT FINANCING

Montpelier, VT – The Vermont Economic Development Authority (VEDA) has approved nearly $11.8 million in financing for commercial, agricultural, energy and small business projects totaling $29 million.  

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VEDA APPROVES $10 MILLION IN BUSINESS AND AGRICULTURAL LOANS

Montpelier, VT – The Vermont Economic Development Authority (VEDA) approved loans of $10 million for economic development projects totaling nearly $16 million. Four renewable energy generation projects are among those approved, receiving a total of $4.1 million in financing assistance. Agricultural, manufacturing and entrepreneurial projects are also included among the loan approvals.

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$12 MILLION in MANUFACTURING EXPANSION, AGRICULTURAL and SMALL BUSINESS LENDING APPROVED BY VEDA

Montpelier, VT – Financing of $12 million was approved by the Vermont Economic Development Authority (VEDA) to help support Vermont economic development projects totaling over $32 million. Several manufacturing expansion projects were approved for VEDA lending, as were agricultural, energy, entrepreneurial and small business projects.

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VEDA APPROVES $5.6 MILLION IN DEVELOPMENT FINANCING

Montpelier, VT – The Vermont Economic Development Authority (VEDA) has approved $5.6 million in financing for economic development projects throughout Vermont. The Authority’s financings leveraged enough private funds to bring project totals to $14.3 million.

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VERMONT AMONG TOP THREE STATES TO DISTRIBUTE 100% OF FEDERAL JOBS DEVELOPMENT FUNDS

MONTPELIER, VT - The U.S. Treasury Department has announced that Vermont is one of only three states to have fully deployed their federal State Small Business Credit Initiative (SSBCI) funds. In 2011, through the Small Business Jobs Act, Vermont received $13.2 million in SSBCI funding, to be administered by the Vermont Economic Development Authority (VEDA). The other two states to have fully deployed their respective federal funds are Idaho and North Dakota.

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NEARLY $4.5 MILLION IN FINANCINGS APPROVED BY VEDA FOR ENTREPRENEURIAL, ENERGY, AGRICULTURAL and SMALL BUSINESS PROJECTS

Montpelier, VT – The Vermont Economic Development Authority (VEDA) has approved nearly $4.5 million in business financings for entrepreneurial, energy, agricultural and small business projects totaling $8.6 million.

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