Press Releases

VEDA Recognized for 2022 MVP Mental Health and Well-Being Innovation Award

02/17/2022 - Montpelier, VT – The Vermont Economic Development Authority (VEDA), has been selected as the recipient of the 2022 MVP Mental Health and Well-Being Innovation Award.  This award is resultant of VEDA's commitment to mental health and well-being as evaluated against the HERO workplace mental health and well-being emerging best practices report.  VEDA was among a select group of awardees who implemented successful mental health and well-being programs and strategies throughout the Covid-19 pandemic. 

Read More

VEDA Announces Request for Proposal for Venture Capital Fund Management

12/09/2021 - Montpelier, VT –The Vermont Economic Development Authority (VEDA), in its capacity as the implementing entity for the State of Vermont, is seeking proposals to support the management of venture capital funds which will be allocated to the State of Vermont through the federal State Small Business Credit Initiative (SSBCI).

Read More

VEDA Marks 47th Year

11/01/2021 - Montpelier, VT –The Vermont Economic Development Authority (VEDA) has released its annual report for the 2021 fiscal year, which ended June 30. In that time, the organization was able to help 806 Vermont businesses by approving $81.1 million in financing — positively impacting about 6,000 jobs.

Read More

VEDA Approved $26.6 Million in Business Development Financing Last Quarter

08/26/2021 - Montpelier, VT – During the most recent quarter ending June 30, The Vermont Economic Development Authority (VEDA) approved over $26.6 million in new financing to support 408 farms and businesses throughout Vermont. VEDA surpassed its previous quarter with a near $13 million increase. Of the newly approved financing, a total of $9.7 million was approved through VEDA’s traditional loan programs and $17.7 million in Small Business Administration (SBA) Paycheck Protection Program loans (PPP).

Read More

VEDA Approved $14.4 Million in Business Development Financing Last Quarter

04/21/2021 - Montpelier, VT – During the most recent quarter ended March 31, the Vermont Economic Development Authority (VEDA) approved over $14.4 million in new financing to support commercial, agricultural, small business and renewable energy projects across Vermont. VEDA also closed over $25.4 million in new loans, including $14.5 million in Paycheck Protection Program (PPP) forgivable loans for over 300 businesses and farms.  

Read More

VEDA Approved Over $20 Million in Financing Last Quarter; Now Accepting Applications for PPP Forgivable Loans

01/20/2021 - Montpelier, VT – The Vermont Economic Development Authority (VEDA) approved over $20.3 million in new financing for Vermont businesses and farms during the quarter ended December 31, an almost $15 million increase over the previous quarter.

Read More

VEDA APPROVED FINANCING FOR OVER 400 VERMONT BUSINESSES AND FARMS IN FY20

10/30/2020 - Montpelier, VT – The Vermont Economic Development Authority (VEDA) approved $75 million in financing assistance for 439 Vermont businesses and farms during its fiscal year ended June 30. Loans were approved to businesses in over 17 economic sectors like agriculture, manufacturing and renewable energy generation, often in partnership with local banks, credit unions and other lenders.  

Read More

VEDA APPROVED $5.9 MILLION IN FINANCING LAST QUARTER; HELPED HUNDREDS OF VERMONTERS ACCESS DISASTER RELIEF PROGRAMS

10/19/2020 - Montpelier, VT – The Vermont Economic Development Authority (VEDA) today announced $5.9 million in approved financing for Vermont businesses and farms during the quarter ended September 30. VEDA also approved an additional $641,000 in Paycheck Protection Program (PPP) loans for 44 Vermont businesses and farms during the quarter before the program ended on August 8.

Read More

VEDA APPROVED $6.4 MILLION IN FINANCING LAST QUARTER; PROCESSED PPP LOANS FOR 268 VERMONT BUSINESSES & FARMS

07/20/2020 - Montpelier, VT – The Vermont Economic Development Authority (VEDA) approved $6.4 million in new financing for Vermont businesses and farms in the quarter ended June 30. The Authority also approved an additional $11.7 million in Paycheck Protection Program (PPP) loans for 268 Vermont businesses throughout the state and across a variety of industries. PPP was established by the CARES Act and is implemented by the U.S. Small Business Administration (SBA). PPP supports small businesses during the COVID-19 crisis with forgivable loans to pay payroll and operating costs.  

Read More

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.

Read More