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
BC Biocarbon Teams With Dunkley Lumber
Jonathan Wilkinson, Minister of Natural Resources, announced a $10 million contribution to BioLesna Carbon Technologies LP, a joint venture between BC Biocarbon and Dunkley Lumber Ltd., for a new biorefinery in Carrot River, Saskatchewan…
Bruks Siwertell Acquires West Salem Machinery
Bruks Siwertell Group has signed an acquisition contract for North American heavy machinery specialist, West Salem Machinery (WSM), effective July 1, 2023. The Oregon-based engineering and manufacturing company will continue to operate under its current name as a separate internal division within Bruks Siwertell…
Asia Global Pellet Share Is Growing
While worldwide trade of pellets remained roughly unchanged year-over-year in 2022 from 2021, Asia has increased its global share of wood pellet imports to a record 32%, according to a recent report in WoodMarket Prices at ResourceWise…
Wood Bio Conference Dates Announced
Event host Wood Bioenergy magazine has announced that the eighth Wood Bioenergy Conference & Expo will be held Tuesday-Wednesday, March 12-13, 2024, and once again in the Grand Ballroom North of the Omni Hotel in downtown Atlanta, Georgia, USA…
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.