Vermont Announces Business Loan Program
A new loan program from the Vermont Economic Development Authority (VEDA) is now available to support businesses in the state’s forest economy. Three million dollars in total financing can be provided in the form of loans up to $500,000 with subsidized interest rates for loggers, foresters, log haulers, biomass producers, sawmills, firewood producers and wood product manufacturers, for working capital, equipment and refinancing.
According to the Vermont Forest Futures Strategic Roadmap, the forest-based economy in the Green Mountain State accounts for about $2.1 billion annually and more than 13,800 jobs.
Loan proceeds must be used for projects located in Vermont and use forest products at least partially produced in Vermont. Loans can also be used to pay operating expenses; support seasonal working capital needs; and refinance existing debt at more affordable rates and/or terms.
Latest news
Sustainable Biomass Program Launches Verified GHG Calculator
Sustainable Biomass Program Launches Verified GHG Calculator The Sustainable Biomass Program (SBP) has launched its Greenhouse Gas (GHG) Calculator designed to support SBP Certificate Holders in accurately calculating and understanding GHG emissions across the biomass...
Louisiana House Advances Pro-Pellet Legislation
Louisiana House Advances Pro-Pellet Legislation The Louisiana House of Representatives on May 13 unanimously approved legislation designed to support the state’s growing wood pellet manufacturing sector. The same day, the bill also received a favorable report from the...
Does Forest Service Letter Have Teeth?
Does Forest Service Letter Have Teeth?Restoration Forest Products, a sawmill operation in Bellemont, Ariz., is touting a letter of intent from the USDA Forest Service and signed by supervisors on the four national forests in Arizona comprising the Four Forest...
Forest Service Moves Forward With Disaster Recovery
Forest Service Moves Forward With Disaster RecoveryThe U.S. Forest Service announced that significant recovery efforts across national forests and grasslands continue to progress following damage caused over three years of natural disasters, including hurricanes,...
Find Us On Social
Subscribe to Our Newsletter
Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.
Subscribe/Renew
Wood Bioenergy is published and delivered worldwide 6 times per year. Free to qualified readers in the U.S. Subscribers outside the U.S. are asked to pay a small fee.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.