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
HondaJet Becomes First To Fly On 100% Sustainable Aviation Fuel
HondaJet Becomes First To Fly On 100% Sustainable Aviation FuelHonda Aircraft Co. has announced it has become the first twin-turbine very light business jet manufacturer to utilize the HondaJet on a successful test flight running a 100% blend of sustainable aviation...
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...
Logging Association Supports New Biorefinery Project
Logging Association Supports New Biorefinery Project The Great Lakes Timber Professionals Assn. (GLTPA) has voiced strong support for the Wisconsin Forestry Revitalization Bill, introduced by a trio of State Senators along with two State Representatives. The proposed...
USDA Focuses On Wildfire Risk
USDA Focuses On Wildfire Risk U.S. Secretary of Agriculture Brooke Rollins announced the USDA Forest Service is investing $200 million in 58 projects through the Community Wildfire Defense Grant Program. These investments, thanks to Congressionally mandated funding,...
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.