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
GA Pellet Group Reaches Accord
Officials with local activist group Concerned Citizens of Cook County (4C) and Spectrum Energy Georgia LLC recently announced an agreement resolving a dispute over Spectrum’s plan to construct and operate a wood fuel pellet manufacturing facility in Adel, Ga. Spectrum is seeking to to re-purpose…
Biochar Plant Nears Completion
Standard Biocarbon Corp. is building a biochar plant in Enfield, Maine, on a two-acre parcel purchased from adjacent Pleasant River Lumber, whose sawmill will provide chips for the biochar operation…
Biofuels Project Sinks
The Red Rock Biofuels project in southern Oregon appears headed for foreclosure according to notices published in the Lake County Examiner newspaper in late December after the company failed to make principal and…
Dr. Michael Clutter, Leading Forestlands Expert
Dr. Michael Lee Clutter, who served as Dean of the University of Georgia Warnell School of Forestry and Natural Resources from 2007-2015, and was a noted expert in his field, died on December 24. He was 63…
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.