- Associated Press - Monday, May 23, 2016

MONTPELIER, Vt. (AP) - The Vermont Economic Development Authority has approved financing of about $6.8 million to help businesses and farms with their startup and expansion plans.

Loans totaling $2.9 million were approved through the authority’s Small Business Loan Program. The biggest loan, for $500,000, went to Middlebury Pediatric Dentistry toward the construction of a new 3,300-square-foot building.

Agricultural loans totaling $2.7 million were approved.

The authority also approved $1.1 million financing through its Commercial Energy Loan Program, which helps businesses finance qualifying renewable energy generation and energy efficiency improvement projects. Projects approved in North Springfield and Fair Haven will produce enough renewable electricity to power the equivalent of 166 average households and reduce carbon dioxide emissions by 664 tons each year.

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