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, 2017:
"...For the second year in a row, VEDA’s agricultural loan approvals surpassed those of any prior year. A total of $26.5 million in financing was approved in FY 2017 to 135 Vermont farms, diversified agriculture, and forest product businesses, versus $25.8 million in FY 2016.
In FY 2017, the Authority closed 316 separate financings totaling $70.8 million. The amount of private capital leveraged in these projects was $75.1 million. Of the financings VEDA closed in FY 2017, 34% were agricultural loans, 21% were tax-exempt conduit bonds, 17% were for commercial projects, 16% were energy projects, and 12% were small business projects.
At June 30, 2017, VEDA had $288.4 million in assets. Its loan portfolio totaled $256.4 million. This reflects an industry mix of 40% agriculture, 15% services, 13% manufacturing, 12% tourism, 12% energy generation and distribution, 5% wholesale/retail trades, and 3% other commercial.
Since its inception in 1974, VEDA has approved 8,440 separate financing instruments totaling $2.49 billion."
To review VEDA's Financial Statements with Supplementary Information as of and for the Years Ended June 30, 2017 and 2016 (and Report of Independent Auditors), click here.
Additional financial information may be obtained by contacting VEDA.