MONTPELIER, VT – During the last quarter of 2010, the Vermont Economic Development Authority (VEDA) approved $52.6 million in financing assistance to Vermont businesses undertaking development and expansion projects throughout the state.

Montpelier, VT - A new slate of officers will serve in leadership positions on the Vermont Economic Development Authority (VEDA) Board of Directors. “VEDA is very fortunate to have a Board comprised of such talented, experienced, and dedicated Vermonters, and from among their ranks, a new Board Chair, Vice-Chair, and Treasurer have been elected,” said VEDA’s Chief Executive Officer Jo Bradley. The newly elected VEDA Officers include:

Burlington, VT – The Vermont Economic Development Authority (VEDA) experienced an all-time high in loan volume in Fiscal Year 2010, closing 322 separate financings, and breaking the previous year’s record of 315 loans closed. The Authority’s financing investments for the year in the manufacturing, agriculture, small business and service sectors of Vermont’s economy totaled nearly $80 million in FY2010, as compared with $94.4 million the prior year. The average hourly wage of the jobs created by companies receiving VEDA financing assistance, including benefits, was projected to be $24.19.

Applications for Large Projects Sought

MONTPELIER, VT – Business financing of $18.2 million was approved by the Vermont Economic Development Authority (VEDA), helping to advance a number of economic development projects throughout Vermont.

MONTPELIER, VT – The Vermont Economic Development Authority (VEDA) has approved $33.5 million in financing assistance to Vermont businesses undertaking commercial and manufacturing expansion projects throughout the state. Also included is financing to support agricultural, real estate development, and business technology projects.