Vt. agency approves development financing - WCAX.COM Local Vermont News, Weather and Sports-

Vt. agency approves development financing

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MONTPELIER, Vt. (AP) - The King Arthur Flour Company and the Vermont Granite Museum are among the latest entities to have significant financing projects approved by the Vermont Economic Development Authority.

The development authority on Monday said it has approved more than $25 million in financing to support commercial and non-profit development projects, as well as agricultural, small business and technology projects.

King Arthur Flour in Hartford was granted final approval for up to $3 million in revenue bond financing to help pay for its expansion. The company expects to increase its workforce from 229 to 274 within three years of building a new facility to house its food manufacturing operation.

The Vermont Granite Museum of Barre received approval for the reissuance of $553,000 in tax-exempt revenue bond financing.

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