Montpelier, VT – During the most recent quarter, the Vermont Economic Development Authority (VEDA) approved over $17.4 million in financing for economic and agricultural development projects throughout Vermont totaling $30.2 million.

“VEDA is pleased to provide financing that will help manufacturing, agricultural and small business projects move forward with their growth plans,” said Jo Bradley, the Authority’s CEO. “In addition, a community health center will expand, and several renewable energy and start-up initiatives will also receive VEDA financing.”

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South Burlington, VT – In Fiscal Year 2016, VEDA approved financings of $129 million – higher than any prior year, including last year’s approvals of $88 million. The Authority also surpassed any prior year’s agricultural loan approvals – $25.8 million to Vermont farms and agricultural businesses.

These and other measures of the Authority’s contributions to Vermont’s economy will be presented today at VEDA’s 42^nd Annual Meeting in South Burlington.

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Director of Operations Cassie Polhemus to Assume COO Position

Montpelier, VT – The Vermont Economic Development Authority (VEDA) has announced two key management changes. Long-time Chief Operating Officer (COO) Steve Greenfield will retire at the end of 2016 and current Director of Operations, Cassie Polhemus, will assume the COO position.

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The Working Lands Enterprise Board (WLEB) has announced the creation of two innovative new loan pilots in partnership with VEDA and the Vermont Community Loan Fund (VCLF) to support working lands entrepreneurs and dairy farms that are transitioning to organic production. Learn more here. Read More

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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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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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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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

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 will be at the Vermont Business Expo in Booth #91 at the Sheraton Hotel and Conference Center in South Burlington on Wednesday and Thursday, May 25 and 26. On the 26th, the trade show is open to the public; for more information, go here:http://vtexpo.com/about-expo/ Read More