The state of Vermont is launching a new program to make low-interest loans available to businesses for renewable energy and efficiency projects by investing up to $10 million from the state’s treasury for commercial loan programs run by the Vermont Economic Development Authority. 

State Treasurer Beth Pearce wholeheartedly backs the proposal to lend state dollars to VEDA for the Vermont Clean Energy Loan Fund, which will help businesses improve energy efficiency and build renewable energy projects.

Jo Bradley, CEO of the Vermont Economic Development Authority, says the initiative will consolidate and expand existing loan programs and is aimed at encouraging more private banks to get involved along with the state.

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