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
SunGas Renewables Chooses Louisiana For Proposed Facility
SunGas Renewables, an independent division of GTI Energy, announced it is considering an investment of approximately $1.8 billion to establish a renewable low-carbon methanol production facility in Pineville, Louisiana. The company projects its facility, Beaver Lake Renewable Energy (BLRE), would manufacture nearly 400,000 metric tons of green methanol per year for SunGas customers worldwide…
Polytechnik, Andritz Among Suppliers For Europe’s Largest Industrial Torrefaction Plant
Finnish company Joensuu Biocoal Oy intends to produce renewable alternatives to fossil coal with a pioneering project that demonstrates a potential solution to the industrial push towards carbon neutrality, helping to reduce the environmental impact caused by fossil fuels while providing a renewable energy source…
Sugimat To Supply Biomass Steam Boiler For Olive Extractor
Olive marc extractor company Casa Alta–Sociedade Transformadora De Bagaços, LDA, has selected Sugimat for a new biomass-powered steam boiler and hot gas generator furnace for its productive process. Both machines will be fed with olive cake, a biomass product of the plant itself…
Musser Plans More Byproducts
Musser Biomass and Wood Products, a division of family-owned and operated Musser Lumber Co., will invest $7.5 million and create 10 new jobs to expand its operation at Rural Retreat, Va. The expansion will more than double production of dried hardwood chips and sawdust 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.