$57.4 million in financing coming to Vermont organizations
Vermont’s economic development lender, the Vermont Economic Development Authority is doling out $57.4 million in bond and loan financing to several Vermont companies and institutions.
The Authority made the announcement Monday, and by far the largest recipient is Bennington College. The small liberal arts college is getting $47.5 million in tax-exempt revenue bonds, which will support renovations of a central campus building and will help the school refinance other bonds and debt.
Other businesses getting a piece of the pie are two breweries. Hermit Thrush in Brattleboro is getting $350,000 to expand production of its barrel-aged beers and Zero Gravity is getting just over $400,000 to expand its Burlington location.
Several solar power companies and projects are also being supported, among other businesses.