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
Novo BioPower Extends Key Arizona Power Contracts
Novo BioPower Extends Key Arizona Power Contracts Arizona’s only major market for pulpwood and biomass and a key part of the state’s forest health solution, Novo BioPower in Snowflake recently signed new 10-year power off-take contracts that allow the company...
Tigercat Triangulated Harvesting Head
Tigercat Triangulated Harvesting Head In late September 2023, visitors to the Pacific Logging Congress live demo event held in Washington got a sneak peak of the new Tigercat 573 harvesting head processing logs on the end of a Tigercat 875E logger. Since then,...
Titan Upgrades Tire Manufacturing Facility
Titan Upgrades Tire Manufacturing Facility Titan International (Titan) has completed a major upgrade to its manufacturing facility in Des Moines, Ia. The $2 million investment is part of Titan’s multi-year strategic capital plan and includes the addition of two new...
Major Carbon Offset Project License Revoked
Major Carbon Offset Project License RevokedEnvironmental officials in Indonesia recently revoked the license of one of the world’s largest carbon offsets projects, claiming the license-holder, PT Rimba Raya Conservation, transferred its license to a third-party...
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.