Member Directory   Members Only   Membership   Contact Us   Recipes   News & Events   
  News & Events

VEDA approves $7.4 million in business development financing

September 27, 2018

Vermont Business Magazine

The Vermont Economic Development Authority (VEDA) has approved $7.4 million in financing to support manufacturing, agricultural, small business and energy development projects throughout Vermont. Among the awardees were: Smugglers' Notch Distillery; Northern Gas Transport, Inc; Flex-A-Seal, Inc; Packetized Energy Technologies, Inc; The Afterschool Collaborative; Kid Logic Learning; Londonderry Community Solar; and Eurowest Solar.

"Manufacturing and other jobs will be created by a number of Vermont businesses approved for VEDA financing," said Jo Bradley, VEDA's Chief Executive Officer. "In addition, VEDA's Farm Operating Loan Program continues to provide cash flow relief to Vermont's dairy farmers to help them withstand the pressures of several years of low milk prices."

VEDA approved $1.5 million in commercial loans through the Authority's Direct Loan and Small Business Loan Programs. Among the projects approved for financing were:

Smugglers' Notch Distillery, LLC, Jeffersonville - Financing of $300,000 was approved to help Smugglers' Notch Distillery purchase an existing 10,000 square-foot commercial building with 4,000 square feet of shed space on ten acres in Jeffersonville, and consolidate the company's manufacturing, tasting room and inventory store there. Started by a father and son team in 2009, Smugglers' Notch Distillery produces popular, award-winning spirits, including two vodkas, rum aged in bourbon barrels, straight bourbon whiskey, maple bourbon, wheat whiskey, and two gins, as well as limited releases of rye, maple rum, and Dead Buck Whiskey. The new building has roughly seven times more production capacity than the company's prior space, and provides improved visibility and access directly on Route 15. In addition to its Jeffersonville tasting facility, the business operates tasting rooms in two other Vermont locations, and its products are also available in New Hampshire, Maine, Pennsylvania, New York, Connecticut, Washington, D.C., Georgia, California, and Massachusetts, and online across the country. Union Bank also provided financing for the project, which is expected to help boost employment at Smugglers' Notch Distillery by 50% from the current twenty-two positions within the next few years;

Northern Gas Transport, Inc., Lyndonville - Partial financing of $215,000 was approved to help a growing trucking company specializing in hauling propane and ashphalt purchase several new trailers. Financing for the project will also be provided by Passumpsic Savings Bank and NCIC. Established 39 years ago, Northern Gas Transport currently employs 38 individuals, and has a fleet of over 40 tractors and 125 trailers. The company transports over 80 million gallons of propane annually, as well as 26 million gallons of liquid asphalt.  Within three years of the expansion project, employment at Northern Gas Transport is expected to grow to 41 positions;

Flex-A-Seal, Inc., Essex Junction - A VEDA loan of $32,000 will partially finance Flex-A-Seal's purchase and upgrade of new and existing CNC equipment, enabling the company to increase production efficiencies and capacity. Established in 1983, Flex-A-Seal produces many types of sealing products used in industries including pulp and paper, hydrocarbon processing, chemical and food processing, drug manufacturing, wastewater, potable water, refineries, marine and pipeline systems. Flex-A-Seal employs 121 persons in Vermont, a number expected to grow within three years to 134. People's United Bank is also providing financing for the project; and

Packetized Energy Technologies, Inc., Burlington - VEDA approved a $30,000 working capital loan through its Entrepreneurial Loan Program to help this early-stage business meet product demand through fabrication of their "Mello" smart thermostats for electric water heaters. Formed in 2016, Packetized Energy Technologies develops and commercializes technology that matches energy demand with variable, e.g., renewable, energy supply at the in-home device level. Utilizing proprietary algorithms, cloud-based software, and their UL-listed Mello smart thermostats, they are able to provide customers with greater control over their hot water supply while simultaneously ensuring the electric grid operates more efficiently. The business estimates jobs will increase from their current five employees to over thirty by 2020.

Over $3 million in farm loans were approved through the Authority's agricultural loan program, the Vermont Agricultural Credit Corporation (VACC), both assisting farms in their diversification plans, and providing cash flow relief for dairy farmers, in particular, through the Farm Operating Loan Program (FOLP).

Two children's educational and childcare real estate development projects in South Burlington were approved for VEDA financing:

The Afterschool Collaborative, LLC - Through VEDA's SBA 504 Loan Program, the Authority approved an SBA 504 debenture of $540,000 as partial financing toward The After School Collaborative's purchase and renovation of an 8,700 square-foot property on Shelburne Road for use as a preschool facility for children three to five years old. Established in 2013, The After School Collaborative provides after school programs at nine Chittenden County schools, and before school programs at three of those schools. With the addition of the new location, The Afterschool Collaborative will be expanding its offerings to include a pre-school program for three-to-five year olds, and adding up to ten additional full-time employees to its current base of 45 full-time equivalent employees. Community National Bank is also providing financing for the expansion project; and

Kid Logic Learning, LLC - VEDA approved partial financing of $408,000 to help an educational center for children from infants to ten years of age effectively double its enrollment capacity through the purchase and renovation of an existing property on Ethan Allen Drive. Opportunities Credit Union also approved financing for the expansion project. In existence since 2013, Kid Logic Learning this year received five "STARS," the highest score for Vermont's quality recognition system for child care, preschool, and afterschool programs. Within three years of the project, Kid Logic Learning expects to increase employment from sixteen to 23 positions.

Energy financings of almost $2.2 million were approved for commercial energy projects which, together, are estimated to produce enough electricity to power the equivalent of 306 average households, and reduce CO2 emissions by 1,226 tons each year. Included among the approvals were:

Londonderry Community Solar, LLC, Londonderry - Partial financing of $358,000 to install a group net-metered array in Londonderry, for which Brooks House and the Putney Co-op will be the off-takers for the project; and

Eurowest Solar, LLC, Essex Junction - Partial financing of $133,332 for construction of the third solar installation for the Essex Experience featuring the Cinema, the Double E Performance Center and the Shops at Essex. This array will complete the solar installations at the Essex Experience and bring the Center close to net zero usage. Mascoma Bank is also providing financing for the project.

In addition, $36,089 in financing was approved through the Authority's Drinking Water State Revolving Loan Fund, which provides funds to repair or improve existing privately-owned drinking water systems. 

VSFA Welcomes New Members

Travel: Spend a weekend in Vermont with city sights, country charm

State and University of Vermont Officials Visit Canada Farms and Food Producers

CBD has become US's coolest food, drink ingredient

Specialty Crop Block Grant Program Awards Announced

Spotlight on the Vermont Senate race: How would you handle the dairy-farm crisis?

Vermont Garden Journal: Let's Cut The Scrap And Get Composting


VEDA approves $7.4 million in business development financing

Bove’s cooks up new Flashback Friday dinners

Big E sets All-Time Attendance Record on Vermont Day

Op-Ed – Working To Find a Better Way To Pay Dairy Farmers

International culinary trail aims to connect Quebec, Vermont and beyond

Vermont sugarers get good news from FDA on maple labeling

GDP figures show it's a good time to be in the food business

Two PF+C attorneys named Best Lawyers 2019 “Lawyer of the Year”

Don't Bug Out! The Smithsonian Channel Is Going To Show You How To Cook Insects

Working Lands Grants Available for Vermont Food, Forestry and Wood Products Ventures

The Face of Farming: Root Crops Abound at Burnt Rock Farm

Food Trucks Aren't Just for Millennials Says Retirement Community

Runamok Maple expansion to add 50 workers

Vermont Agency of Agriculture, Food & Markets Awards Producer Association Grants

SUMMER FANCY FOOD SHOW-More of our Favorite Specialty Foods

VEDA approves business and agricultural loans totaling $7.1 million


Hunger Mountain Coop community fund grant applications available


Burlington airport adds giant maple syrup jugs and cheese blocks to decor

Scholarships available for October 3 Food Tank Summit in NYC

Ann Clark Ltd. attends ‘Made in America Product Showcase’ at White House

Interest Brewing In Kombucha As Healthy Beer, Soda Alternative

Packaging Makeovers at the Summer Fancy Food Show

Important Tariff Information

As Vermont distilleries grow so does ancient art of barrel making

Branch Out Your Vermont Brand

Vermont Nut Free Chocolates expands production, distribution to meet growing needs of allergy-suffers

Ruth Anne Flore appointed CEO of Grafton Village Cheese

Up to $2,000 available for small businesses

H Kenneth Merritt, Jr of Merritt & Merritt listed in Chambers USA 2018

Burlington Drink Entrepreneurs Move, Aptly, Into the Soda Plant

Harvest New England Conference Workshop RFP and Save The Date

Promoting food through literature

Agriturismo, American style: 8 farm and food experiences in the USA

Specialty Food Sales Hit Record $140.3 Billion

Taco Gordo and All Souls Tortilleria Come to Old North End

Moore: Don’t shop online, shop local

SBA Awards June 7 in Waterbury

8 Consumer Trends for 2018

Vt. leads nation in local food consumption

Putting switchel on the map: Up Mountain Switchel diversifies gut health beverage space

Vermont Coffee Roaster Producing ‘Green’ Beans

Slow Living Summit explores the future of farm and food entrepreneurship

Vermont Smoke & Cure Introduces New Grass-Fed Beef Sticks

Vermont Nut Free Chocolates moving to Colchester, doubling in size

The 25 Most Important Cheeses in America, According to Cheese Experts

Vermont Specialty Food Producers Take Home Gold at Annual sofi Awards

Taste of Vermont goes to Washington

New Grant Opportunity for Associations that Promote Vermont Agriculture, Food, Beverage, Forest, and Fiber Products

Vermont’s maple syrup business is booming, thanks to technology and changing tastes

Some small food retailers find less importance in groceries

Who roasts your coffee? Five Vermont roasters spill the beans on what they do

SAP! Beverages finalist at Rabobank’s FoodBytes! Montreal pitch

USDA Renewed 17 Substances on National List for Organic Production

Fat Toad Farm named SBA Family-Owned Business of the Year

Grants to help Vermont farms improve produce safety

Vermont Producers and Value-Chain Facilitators Receive $50K to Support Local Food Market Development

Vermont Creamery Adds to Its Expanding Retail Goat Cheese Collection

Device could save Vermont’s food producers thousands annually

Annette Rexroad, co-founder of Road Crew Clusters, to lead the Food & Beverage session of the Center for Women & Enterprise Vermont’s inaugural Power Forward! Accelerator Prog

It's Tortilla Tuesday in the Test Kitchen

14 Reasons Why We Love Vermont Farmers

7th Local Specialty Crop & Local Food Trade Shows on Monday, March 5, 2018 Northeastern University, Boston, MA

Andy's Dandys: A recipe for success

Fat Toad Farm wins 2018 Good Food Award

Announcing ACORN Workshop on Working with Distributors

Specialty food going 'up and up and up,' says Mintel

Fledgling wine grape industry looks to protect Vermont vines

Good Food Foundation’s 2018 Good Food Awards and Mercantile Celebrate Excellence in Taste, Sustainability, and Social Responsibility

Agriculture Agency Events at The Vermont Farm Show

Supplier Relationships Key to Pricing, Assortment Strategies

Vermont Sugarmakers Reflect on New Challenges

Pints of Passion: Gelato Company Scoops Out Quality Flavors

Announcing the Vermont Specialty Crop Block Grant Program 2018 Request for Proposals!

Localvore expansion to MA and ME is growth model for job creation in VT

Report: Workforce development critical to sustain local food economy

Special thanks to Vermont dairy farmers on National Milk Day

Wonkblog Organic food fraud leads Congress to weigh bill doubling USDA oversight

Gut Health Tops Nutrition Trends for 2018

Up to $60,000 available through Local Food Market Development Grant program

Bennington distiller adds partners

Vermont’s workforce dilemma


Famous Vt. Baking Brand Sees Growth, Thanks in Part to Retail Giant


2018 Good Food Awards Finalists

Specialty Food Category Forecasts

SFA's Trendspotters' Top Trends for 2018

Policy and Communications Director Named at Agriculture

Produce Safety Improvement Grant Program Accepting Applications on November 15

Vermont Village Introduces Apple Cider Drinking Vinegars

FDA publishes more menu labeling guidance

ACORN Producers and Buyers Forum: Conversations Across the Local Food Spectrum

Cabot Creamery chooses FirstLight for data services

Workforce development, business succession plans required for food industry growth

Ag Agency Accepts Applications for Trade Show Assistance Grants

Amazon has slashed seller fees to try to improve its grocery selection online

At Neighborly Farms, Producing Cheddar Is a Family Affair

Community Capital of Vermont receives $1 million for microloans

Gov. Scott Celebrates Vermont’s Farm To School Grant Program With Students

Amazon's Stealth Takeover of Vermont

Vermont Agency of Agriculture Announces $1M in Grant Funding for Farm Capital Equipment Assistance Program

H Kenneth Merritt, Jr selected as ‘Super Lawyer’ for 5th Time


New England Super Lawyers recognizes seven PF+C Attorneys

Vermont businesses generate over $1.8M in total sales at The Big E

Working Lands Financing Conference

What Section 179 Expensing Means for Your Business

Scott signs proclamation designating October as Employee Ownership Month

Working Lands Enterprise Board Announces $750,000 in Available Investments To Help Grow Vermont’s Economy

Vermont Artisan Coffee moves, opens coffee bar to rave reviews

2017-2018 Windham Region CEDS Update

Vt. Governor Proclaims October Farm to School Month, New Grant Opportunities Released

Vermont Agency of Agriculture, Food & Markets Announces Over $1M in Available Grant Funds

New Improvements to State Building Help Showcase Vermont Tradition and Emerging High-Quality Agricultural Products

Apple Season Has Arrived in Vermont – Get Picking!

From Wallflower to Expert Networker

Rooted in Vermont: Uniting all Vermonters around Local Food

Vermont Products Win Big at the 2017 Fancy Food Show

Job Opening: Vermont Sustainable Jobs Fund Project Manager

Fuel Your Passion with Lake Champlain Chocolates’ Fifth Limited-Edition Bar for 2017 Burlington Discover Jazz Festival

Cabot receives 2017 Tourism Partner of the Year

2017 sofi Awards Winners

City Market, Onion River Co-op Celebrates Earth Week

Craftsbury Farmers' Market Looking for Vendors

2nd Annual Green Mountain Fair at Manchester seeking Vendors

Maple Syrup Never Tasted So Good

Vermont Artisan Coffee and Tea Makes the Big Move!

City Market Awards Co-Op Patronage Seedling Grants to 8 Local Non -Profits

Cabot Sets World Record for Largest Smoothie!

Vermont Fresh Pasta Celebrating 25 years!

Gringo Jack’s Flaky Chips Verified Non-GMO

Lake Champlain Chocolates to Host New Organic Bar Tastings

Lake Champlain Chocolates Debuts 4 New Organic Bars at Specialty Foods Winter Fancy Food Show

Castleton Crackers Debuts Colorful and Compact New Packaging

Runamok makes Oprah's Favorite Things List

Japanese consumers rave over Vermont products


Vermont Creamery's Non-GMO Cheese Hits the Market

Lake Champlain Chocolates achieves SQF Level 2 Certification

A Tour of Vermont Tortilla Company

Blake Hill opens Windsor plant

Working Lands Enterprise Board Announces $650,000 in Available Grant Funds and Two Innovative New Loan Programs

Lake Champlain Chocolates + Silo Distillery = A match made in heaven

Maple Syrup Breaks Away From Breakfast

US Chocolate Market to Reach $30B

Member Directory    |    Membership    |    Site Map    |    Recipes    |    Contact Us    |    Home
The official web site of the Vermont Specialty Food Association
963 Paine Turnpike North, Berlin VT 05602
Phone: 802.839.1930 Email:
©2018 Vermont Specialty Food Association. All rights reserved.

Designed & CMS by Cambium Group, LLC