Annual Reports
An excerpt from the Annual Report for the fiscal year ended June 30, 2025:
"...Fiscal Year 2025 was extremely robust. From July 1, 2024 to June 30, 2025, VEDA originated 173 loans worth $61.5 million. Our efforts blanketed the state and targeted several sectors. Here are just a few highlights of those investments:
- Fueling the future with green energy by investing in Green Lantern Solar’s Brighton project which features an array built on a former gravel pit that supplies energy to a Columbia Forest Products veneer plan in Newport.
- Supporting Stewart Enterprises, family-owned organic maple producers, as they purchase 108 acres in Wallingford and
upgrade their Cuttingsville operation by replacing 2,500 taps, adding 5,000 new taps, installing new equipment, and adding a pump line to send sap directly to the sugarhouse. - Contributing capital to enable an expansion at Weidmann Electrical Technology in St. Johnsbury allowing them to produce more transformerboard (an electrical insulator used in transformers) and create dozens of jobs.
- Engaging in downtown development by supporting CityPlace Partners who built Burlington Square Tower 1 where AC Hotel Burlington is now located.
- Investing in food production by financing a project at Blake Hill Preserves in Windsor that allows them to buy their building, expand it, and purchase new equipment.
- Funding an industrial site purchase by Brattleboro Development Credit Corporation to give Wheelpad the space it needs to produce manufactured housing for people with mobility issues."
Audited Financial Statements
To review VEDA's Financial Statements with Supplementary Information for the Years Ended June 30, 2024 and 2023 (and Report of Independent Auditors), click here.
Additional financial information may be obtained by contacting VEDA.
