Vermont Economic Development Authority (VEDA)

The Vermont Economic Development Authority (VEDA) is a state-chartered instrumentality of the State of Vermont, created by the General Assembly in 1974. Its mission is to promote economic development, create jobs, and support the state's agricultural sector by providing financing to Vermont businesses and farms. VEDA often partners with traditional banks and other lenders to offer loans, loan guarantees, and other financial assistance to enterprises that may not qualify for conventional financing, thereby helping Vermont businesses grow and thrive.