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
Strategic Biofuels Builds LGF Team
Strategic Biofuels, a leader in developing negative carbon footprint renewable fuels plants, announced that two energy industry veterans have joined the team—Stan Parton and Steve Walkinshaw…
Forest Service Reveals New 4FRI Strategy
USDA Forest Service Chief Randy Moore announced new funding and a redesigned strategy for the Four Forest Restoration Initiative (4FRI) during a visit with elected officials in Arizona in November. The agency is committing $54 million in fiscal year 2022 to accelerate implementing high-priority projects on 135,000…
FS Says Biomass Should Drive 4FRI
Following its cancellation of the Phase 2 Request for Proposal (RFP) and bid selection in September, which caught everybody by surprise, the Forest Service “has gone back to work” on how to move forward with stewardship and treatment of the 520,000 acres that was included in Phase 2, which was…
New Gasification Plant Picks California Site
Officials with Yosemite Clean Energy recently announced they have secured a site for developing a carbon-negative green hydrogen and renewable natural gas (RNG) production plant in Oroville, Calif., with groundbreaking scheduled for Q2 of 2022…
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.