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
Arizona Restoration Remains Uncertain
Uncertainty continues to surround forest restoration efforts in Arizona: A key second contract for the U.S. Forest Service’s (FS) Four Forests Restoration Initiative (4FRI) has been delayed again; Arizona state election results…
Finite Carbon Receives New Majority Stakeholder
bp has acquired a majority stake in carbon offset developer Finite Carbon, building on its existing interest in the company. Finite Carbon states it is the largest developer of forest carbon offsets in the U.S. bp will…
Loggers Gain Relief Funding From Feds
America’s loggers will have an opportunity to receive much needed assistance to offset losses experienced due to the COVID-19 shutdown. The Emergency Coronavirus Relief Act of 2020, which passed by a bi-partisan vote in both the…
Active Energy Gears Up For CoalSwitch
Active Energy announced it has received its first order for its CoalSwitch pellet from PacifiCorp, the largest grid operator in the Western U.S. The product will be burned at PacifiCorp’s Hunter Power coal plant in Utah as part of…
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.