Press Releases

VEDA Approved Over $16 Million In Financing Last Quarter; Accepting Applications for Next Round of Paycheck Protection Loans

Montpelier, VT – The Vermont Economic Development Authority (VEDA) approved over $16 million in new financing for Vermont businesses and farms for the quarter ended March 31, a $7 million increase in volume over the previous quarter.

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VEDA Names New Chief Financial Officer

Montpelier, VT – The Vermont Economic Development Authority (VEDA) named Thaddeus Richardson as its Chief Financial Officer (CFO), effective February 20, 2020. In this role, he has broad responsibility for the Authority’s financial operations, including accounting, financial planning, forecasting and overall asset and liability management.

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VEDA approved over $9 million in financing last quarter, closed $16.6 million in new loans for Vermonters

Montpelier, VT – The Vermont Economic Development Authority (VEDA) approved over $9 million in new financing for Vermont businesses and farms this past quarter, a $4 million increase in volume over the same quarter last year. The new financing includes continued investment in Vermont’s small business sector, the first approval for VEDA’s Broadband Expansion Loan Program, and an exciting new business accelerator project in the Northeast Kingdom. 

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VEDA APPROVES $87.9 MILLION IN FINANCING FOR VERMONT BUSINESSES AND FARMS IN FY 2019

Montpelier, VT – The Vermont Economic Development Authority (VEDA) today announced its financial summary for the 2019 fiscal year. VEDA approved 231 new loans, providing $87.9 million in financing assistance to Vermont entrepreneurs, manufacturers, small businesses, and agricultural enterprises.

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VERMONT ECONOMIC DEVELOPMENT AUTHORITY APPROVED OVER $25 MILLION IN FINANCING LAST QUARTER

Montpelier, VT – The Vermont Economic Development Authority (VEDA) approved over $25 million in loans for Vermont enterprises between July 1 and September 30, 2019. That total exceeds the previous quarter’s approval volume by $10 million.

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VEDA Approved Over $15 Million in new Loans for Vermont Businesses Last Quarter

Montpelier, VT – The Vermont Economic Development Authority (VEDA) approved over $15 million in financing for Vermont businesses between April 1 and June 30, 2019. The approved financing will support the growth and development of businesses and farms across the state, create new jobs, and improve Vermont’s renewable energy infrastructure.

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VERMONT ECONOMIC DEVELOPMENT AUTHORITY NAMES NEW CHIEF LENDING OFFICER

Montpelier, VT – The Vermont Economic Development Authority (VEDA) has named Peter Samson its Chief Lending Officer (CLO), effective July 1, 2019. He will lead the Authority’s Commercial, Agricultural and Loan Resolution lending departments. 

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Vermont Economic Development Authority elects new leadership to Board of Directors

Montpelier, VT – The Vermont Economic Development Authority (VEDA) today announced three changes to its Board of Directors, electing a new Chair, Vice-Chair and Treasurer. Former Chair John Snow of Charlotte stepped down from his role on February 17th.

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Cassie Polhemus Named as VEDA's New Chief Executive Officer

Montpelier, VT – The Vermont Economic Development Authority (VEDA) today announced that Cassie Polhemus has been named the Authority's new Chief Executive Officer, effective April 1, 2019. Polhemus is the current Chief Operating Officer at VEDA and joined the Authority in 2013 as a Commercial Lender. She will succeed Jo Bradley, who has served as VEDA's CEO since 1997 and is retiring on March 31st. 

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VEDA Approves $8.3 Million in Financing for Manufacturing, Agricultural and Small Business Projects

Montpelier, VT – The Vermont Economic Development Authority (VEDA) approved $8.3 million in financing to support manufacturing, agricultural and small business projects totaling $26 million throughout the state.

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