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
UK Government Signs Contract With Drax
UK Government Signs Contract With DraxDrax confirms it has signed a contract with the UK Government for a low-carbon dispatchable CfD (Contract for Difference) agreement to cover all four biomass units at Drax Power Station over the period April 2027 to March 2031....
Biomass Plant Coming To South Carolina
Biomass Plant Coming To South CarolinaStartup company Carolina Renewable Products recently announced a new biofuel plant to be located near Orangeburg, SC. The company’s $280 million investment will create 155 new jobs. The company plans to convert sustainable woody...
Logger Co-op Launches Wisconsin Chip Mill
Logger Co-op Launches Wisconsin Chip Mill A precedent-setting milestone was marked in Tilleda, Wis., with the launch of the United States’ first chip mill owned and operated by a logger cooperative—a major step forward for collaboration and sustainability in the...
Brunette Machinery Acquires Salem Machinery
Brunette Machinery Acquires Salem MachineryBrunette Machinery Co. Inc. announced its asset purchase of Salem Equipment Inc., a longtime leading U.S. manufacturer of sawmill machinery. According to Brunette Machinery, the acquisition strengthens the company’s North...
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.