Press Releases

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

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.

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

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.  

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

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.

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

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.  

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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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