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
Tilly Holzindustrie Building CHP Plant
Tilly Holzindustrie Building CHP PlantTilly Holzindustrie GmbH, known for its Tilly natural wood panels for furniture and interior development, is investing in a modern biomass cogeneration plant. Urbas Energietechnik has been selected to provide a turn-key...
Loan Program Aims For Wood Processing Facilities To Help Reduce Wildfire Threats
Loan Program Aims For Wood Processing Facilities To Help Reduce Wildfire ThreatsU.S. Department of Agriculture (USDA) Secretary Tom Vilsack has unveiled a new program to support American wood processing facilities, through a partnership with the USDA Rural Development...
BE&E Parent Company Announces $16.2 Investment In Kentucky Plant
BE&E Parent Company Announces $16.2 Investment In Kentucky Plant Floyd Holdings has announced a collaboration with the Commonwealth of Kentucky and BE&E's Greenville Manufacturing operation, whereas BE&E will partner with the state to invest in the...
Enviva Announces Successful Emergence From Chapter 11
Enviva Announces Successful Emergence From Chapter 11Enviva has announced its successful emergence from Chapter 11 bankruptcy protection, marking a significant milestone in the company’s strategic transformation. Enviva’s Plan of Reorganization was confirmed by the...
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.