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
USDA Awards NIU $650K For Biomass Pipeline Feasibility Study
Northern Illinois University (NIU) professor Mahdi Vaezi is investigating the feasibility of constructing an innovative, first-of-its-kind biomass pipeline. The research project, supported by a $650,000 award over four years to NIU from the U.S. Department of Agriculture, could lay the groundwork for the world’s first biomass pipeline in the state of Maine, says Vaezi, a professor of Engineering Technology…
Permits Granted For Construction Of CoalSwitch Facility In Maine
Active Energy (AEG), an international biomass based renewable energy business, has announced Player Design, Inc. (PDI) has received the relevant permitting for the construction and operation of a CoalSwitch manufacturing facility at PDI’s site in Ashland, Maine…
Airex Energy Completes $38M Funding Round
Canada-based biomass carbonization technology provider Airex Energy Inc. announced it has concluded a Series B funding round valued at $38 million Canadian, which Airex Energy states will fast-track its growth initiatives, including a Québec biochar project tying in with its partnership with France-based environmental quality developer, Suez, which aims to significantly boost biochar production in…
Astec, Bejac Announce Distribution Agreement
Astec has announced Bejac Corp., a heavy equipment dealer with 10 locations, will represent the Peterson line of forestry and environmental recycling equipment in California and Arizona. Bejac, founded in 1953 operated as an underground pipeline contracting business until 1985 when the company pivoted to the heavy, specialty equipment sector…
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.