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
FLAMEX Names Thomas As President
FLAMEX Inc. announced Tony Thomas as its new President, succeeding Allen Wagoner after 13 years at that post. Thomas has been with the company for almost 32 years and has been serving as vice president…
Origin Materials Plans Biomass-Based Facility
Louisiana Gov. John Bel Edwards and Origin Materials, a carbon-negative materials company committed to the global transition to sustainable materials, announced that the company plans an investment of at least $750 million to develop a biomass manufacturing facility in Ascension Parish that will result in…
Resolute Purchases Nearby Cogen Facility
Resolute announced an agreement for the purchase of a cogeneration facility in Senneterre, Quebec. The purchase of the 34.5 MW cogeneration facility, adjacent to Resolute’s Senneterre sawmill, builds on its significant investments in the region, including the ongoing project toward a new planer and…
FSC Halts Certification Of Russian Products
In early March the Forest Stewardship Council (FSC) suspended trading certificates in Russia and Belarus and announced it would “block wood sourcing” from the two countries as long as the armed conflict in Ukraine continued. According to the FSC announcement, “Wood and forest products from Russia and Belarus…
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.