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
USA Bioenergy, LP Sign Feedstock Letter Of Intent
USA Bioenergy, LP Sign Feedstock Letter Of IntentUSA BioEnergy (USABE) has signed a letter of intent with LP Building Solutions (LP) outlining plans to enter a long-term supply agreement for sustainably sourced wood fiber to support operations at USAB’s planned Texas...
Michigan Company Opens AI Powered Biomass Facility In Grand Rapids
Michigan Company Opens AI Powered Biomass Facility In Grand RapidsWoodchuck, an AI-powered climate tech company focused on transforming wood waste into renewable energy, officially opened its flagship biomass processing facility in Grand Rapids, Mich. in early May....
Andritz Acquires LDX Solutions
Andritz Acquires LDX Solutions Andritz has acquired LDX Solutions, a provider of emission reduction technologies and related services in the North American industrial market, with annual revenues of about $100 million. This acquisition further strengthens Andritz’s...
Beaver Lake Renewables Begins Front-End Engineering Design
Beaver Lake Renewables Begins Front-End Engineering DesignOfficials with SunGas Renewables recently announced the start of front-end engineering design (FEED), marking the beginning of the final stage of development for its flagship project, Beaver Lake Renewable...
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.