The resolution honors Cassandra Polhemus for her exceptional leadership of the Vermont Economic Development Authority (VEDA) since 2019. Established in 1974, VEDA plays a crucial role in enhancing Vermont's economic vitality by providing financing programs to businesses that create jobs. Under Polhemus's guidance, VEDA has significantly increased its lending commitments from $2.5 billion to $2.8 billion. Her career at VEDA began in 2013 as a commercial lender, and she quickly advanced through various leadership roles, culminating in her appointment as CEO. Notably, during the COVID-19 pandemic, she effectively transitioned VEDA to a paperless and hybrid work environment, ensuring economic continuity for businesses in Vermont.

The resolution highlights several of VEDA's accomplishments under Polhemus's leadership, including the rollout of a $2.3 million farm operating loan program, the closure of 1,040 Paycheck Protection Program loans totaling $45.4 million, and the establishment of a new Forestry Loan Program. As she prepares to conclude her role on June 30, 2025, Polhemus has been recognized with the federal Small Business Administration's Financial Services Champion Award, reflecting her high regard among peers. The resolution concludes by directing the Secretary of State to send a copy to Polhemus as a formal acknowledgment of her contributions.