State Approves Loans To Small Businesses

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(Host) Economic officials say they have distributed $6.9 million in development financing to businesses throughout the state, in an effort to stimulate job growth.

Jo Bradley is the chief executive officer of VEDA, the state’s lending authority. Bradley says investments in the state’s manufacturing, small business and agricultural sectors will help spur economic activity in Vermont.

(Bradley) "Hopefully these businesses can expand, and hire more people to do more business because of the expansion."

Among those businesses slated to receive funding are the Cabot Hoisery Mills in Northfield and Vermont Smoke and Cure, a food manufacturer in Hinesburg which says it is planning to double its staff in the next two years.

Economic officials say the state remains committed to developing the diversified agricultural industry, especially farmstead and artisan cheeses operations.

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