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
Advanced Woody Biomass Alliance Launches to Unite Expanding Sector
Advanced Woody Biomass Alliance Launches to Unite Expanding SectorThe Advanced Woody Biomass Alliance (AWBA) has launched as a global industry platform uniting organizations to expand the use of woody biomass as a versatile, renewable carbon solution sourced from...
New SAF Project Announced In Louisiana
New SAF Project Announced In LouisianaSouthern Energy Renewables, a U.S.-based developer of biomass-to-fuels projects, announced it will invest $1.4 billion to develop a green methanol and sustainable aviation fuel (SAF) production facility that will convert the...
Vecoplan AG Announces New CEO
Vecoplan AG Announces New CEOFollowing Eric Jaschke's appointment to Chief Financial Officer (CFO) in December 2025, Vecoplan AG has also strengthened its Executive Board leadership with Dr. Ralf Guckert taking over as Chief Executive Officer (CEO). Guckert is...
Arizona Groups Seek To Break ‘Biomass Bottleneck’
Arizona Groups Seek To Break ‘Biomass Bottleneck’ A group of local governments, timber industry representatives and environmental groups recently met with congressional leaders and U.S. Forest Service officials to indicate that Arizona’s forest health efforts and...
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.