Press Releases

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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$5.1 MILLION IN BUSINESS, AGRICULTURAL AND ENERGY DEVELOPMENT FINANCING APPROVED BY VEDA

Montpelier, VT – During the most recent quarter, the Vermont Economic Development Authority (VEDA) approved $5.1 million in financing to support commercial, agricultural, small business and energy development projects throughout Vermont. 

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VEDA BOARD OF DIRECTORS ELECTS NEW SLATE OF OFFICERS

Montpelier, VT  A new slate of elected officers will serve in leadership positions on the Vermont Economic Development Authority (VEDA) Board of Directors. "VEDA is fortunate to have such an experienced and dedicated Board," said Jo Bradley, VEDA's Chief Executive Officer. "We welcome the Board's newly-elected leadership, and deeply appreciate their work, and that of the entire Board, in helping to advance the Authority's economic development mission."
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VEDA sets record in FY18 for total amount of financings closed

South Burlington, VT– In FY 2018, VEDA closed a record number of financings – a total of $167.8 million. This amount is 1.8x the largest previous annual volume in the Authority’s history.  The amount of private capital leveraged in the projects financed was $93.3 million. 

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