Partner Member: Vermont Economic Development Authority
The Vermont Economic Development Authority (VEDA) is Vermont's economic development finance lender. VEDA manages a wide range of low-cost lending programs for eligible Vermont businesses of all sizes, including manufacturing, research and development, information technology, travel and tourism, agricultural, and other enterprises as defined in statute. VEDA’s lending solutions are customized to each client’s individual needs. A comprehensive listing of VEDA programs and eligible borrowers can be found on VEDA’s website. Since its inception in 1974, VEDA has made financing commitments totaling over $1.3 billion.
VACC – Vermont Agricultural Credit Corporation
VACC, a program of VEDA, is a nonprofit corporation that provides credit to Vermont farmers, agricultural facilities, forestry, and forest product-based businesses. Farm loans are available to strengthen existing farm operations, encourage diversification, support beginning farmers, and to encourage the marketing and processing of Vermont agricultural and forestry products. “Farm Operations” means the cultivation of land or other uses of land for the production of (among other things) food, orchard products, maple syrup or forest crops. Also included is the raising, boarding and training of equines and the raising of livestock.