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
Oregon May Alter Forest Practices
Oregon is embarking on a major change to the Oregon Forest Practices Act following an agreement reached by preservationist and timber industry groups. According to the participants, changes to the act will deliver a variety of new protections for sensitive and endangered species and also provide more regulatory…
Bandit Purchases The Trelan Co.
Bandit Industries has purchased The Trelan Co. from the Schumacher family. Bandit will continue to produce Trelan chippers and related products and market them as Trelan machines produced by Bandit. Bandit will also supply parts and service to Trelan customers…
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…
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.