VEDA Approves Financing for ACEDC Member Maple Landmark
One of the Vermont Economic Development Authority's (VEDA) recently approved financing loans to help support Vermont economic development projects includes Maple Landmark of Middlebury. VEDA is providing $742,500 to them as part of a $2.3 million plant expansion project to increase operational efficiencies and enable the company’s growth. National Bank of Middlebury is also providing financing for the project. Maple Landmark is a family-run business producing wooden toys and gift items for sale online, through catalogs, and to toy and gift shops across the country. The company will add approximately 11,000 square feet to its existing 16,000 square foot building, and a new CNC router will also be purchased and installed. Maple Landmark expects to employ 45 persons within three years of the expansion project, an increase from the company’s current 36 employees.