Financing for Vermont Businesses and Farms

Press Releases

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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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 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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VEDA APPROVES $6.8 MILLION IN ECONOMIC DEVELOPMENT FINANCING

Montpelier, VT – The Vermont Economic Development Authority (VEDA) has approved financing of $6.8 million to help Vermont economic development projects totaling $21.4 million move forward.  

“VEDA is pleased to help Vermont businesses and farms bring their startup and expansion plans to fruition,” said VEDA CEO Jo Bradley.  “The breadth of economic development projects approved for VEDA financing is impressive, covering everything from manufacturing to farm projects, small business startups and energy generation projects.”

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VEDA APPROVES $10.6 MILLION in ECONOMIC DEVELOPMENT FINANCING

Montpelier, VT – The Vermont Economic Development Authority (VEDA) has approved $10.6 million in economic development financing for commercial, agricultural, small business and energy projects totaling $23.5 million.

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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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