Since its creation by the Vermont General Assembly in 1974, VEDA has provided $2.5 billion in financing assistance to thousands of eligible Vermont commercial and agricultural businesses, helping them grow and create jobs. For more than four decades, VEDA’s financing innovations and investments have helped to stimulate Vermont’s economy.
The Authority’s original statutory focus was the support of industrial development in Vermont. Since inception, VEDA’s enabling statute has been updated repeatedly to keep pace with Vermont’s growing economy. Over the years, VEDA has created and adapted innovative financing programs and tools to support the diversification of Vermont’s economic sectors, and maximized available funding for its programs.