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
Renova Continues Focus On Biomass
Renova, an independent renewable energy developer and power producer, has reached financial close on a 75 MW biomass power plant under development in Sendai, Miyagi Prefecture, Japan, 225 miles northeast of Tokyo. The facility, named…
Kalmar Forklifts ChargePod
Kalmar, part of Cargotec, has launched its containerized ChargePod solution for electrically powered forklifts. The…
Enviva, Finite Carbon Focus On Small Landowners
Enviva and Finite Carbon, a developer of forest carbon offsets, announced they are teaming up to engage small forest landowners across the U.S. Southeast to voluntarily participate in global greenhouse gas emissions…
Pinnacle Names Duncan Davies As CEO
Pinnacle Renewable Energy has appointed Duncan Davies as Chief Executive Officer, effective November 1, replacing Rob McCurdy, whose retirement plans were announced earlier this year. Davies will continue to serve on the company’s…
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.