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
SPONSORED CONTENT: Take Control of Your Fiber Supply
Take Control of Your Fiber Supply SPONSORED CONTENT PROVIDED BY BRUNETTE MACHINERYBrunette Machinery specializes in manufacturing wood-processing and material handling systems for the forestry and bioenergy industries. With the worldwide biomass power market’s...
SPONSORED CONTENT: GreCon’s New Intelligent Extinguishing Module (IEM)
GreCon’s New Intelligent Extinguishing Module (IEM) SPONSORED CONTENT PROVIDED BY FAGUS GRECONCommon causes of fires in wood bioenergy production are heat, sparks, embers, and hot particles. One of the most efficient measures to prevent fire or dust explosion is the...
Darrell Smith To Lead USIPA As Executive Director
Darrell Smith To Lead USIPA As Executive Director The U.S. Industrial Pellet Assn. (USIPA) announced the appointment of Darrell Smith as its new Executive Director. Smith brings a wealth of association leadership experience and diverse industry expertise to USIPA. ...
Deere Joins Growth Energy
Deere Joins Growth Energy John Deere has joined Growth Energy, the U.S.’s largest biofuel trade association, joining a membership of operators and supporters of biomanufacturing facilities at the heart of America's bioeconomy, delivering a new generation of clean fuel...
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.